Smartcool Systems Inc. Announces First Funded Sale

Smartcool Systems Inc. is pleased to announce today the first sale of a funded Smartcool installation. The sale was made to Loscoe Chilled Foods Ltd. and is expected to be installed over the next few weeks. Loscoe is in the food processing and distribution business in Derbyshire England. The Utility Team was instrumental in the sale, assisting Loscoe in achieving Energy Efficiency through various means including Smartcool’s proprietary technology. Steven Martin, Smartcool’s Executive Vice President said "Working with The Utility Team has been very successful in providing Energy Efficiency solutions for their clients. With the advent of the funded program, many more of The Utility Team clients will be able to benefit from our technology. Some of our other industry partners have also begun introducing our funded program and are expecting to generate many new opportunities to provide their clients with Smartcool’s proprietary technology." Matt Jakeman, CEO of The Utility Team commented "Smartcool’s technology has proven efficiency at a number of our client’s sites and provides The Utility Team with an opportunity to bring this energy efficiency opportunity to our clients without any major up front capital expenditure. All of our clients are looking to reduce their carbon footprint and being able to offer Smartcool for this purpose without a major expenditure is going to help us grow our business." Smartcool will be installing its proprietary devices on 34 refrigeration units at Loscoe. The installation would normally require Loscoe to expend over $100,000, but with the funded solutions offered by Smartcool, Loscoe expects to cover the cost of installation over three years with energy savings covering all the costs. After three years, all the savings are for the benefit of Loscoe. Source: Smartcool Systems Inc.
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