Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in Jamaica

Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in Jamaica

Customer Operates 60 Locations
 

Vancouver, British Columbia -- October 17, 2017 -- InvestorsHub NewsWire -- Smartcool Systems Inc. (TSX:SSC, OTC:SSCFF) is pleased to announce the results from an initial installation at a Quick Serve Restaurant (QSR) in Kingston, Jamaica. The installation was completed on August 10, 2017 and electrical power consumption was then measured at the two (2) Mitsubishi FDC680 KXE6 Heat Pumps cycling through 2 weeks in bypass and 4 weeks with Smartcool active.

Panoramic Power sensors were used and yielded a straight active/bypass comparison showing an average daily reduction of 126kWh over the period. At the effective current utility rates in Jamaica, the annual financial savings is anticipated to be approximately $10,500 USD. Based on the customer capital cost, it is anticipated that payback will occur in less than 18 months.

Ted Konyi, CEO, commented “This is another great result for Smartcool and our customer. This particular installation was completed for a franchisee of one of the top 5 Fast Food Chains in the world and our customer operates 60 fast food (QSR) locations in Jamaica. With the high cost of electricity in Jamaica and most island nations, this installation represents a win-win-win for the customer, the environment and Smartcool. QSR’s represent over 30% of all restaurant operations with over 500,000 locations worldwide. Although economic results will vary based on ambient temperatures and utility rates, this segment represents a very large opportunity for Smartcool.”

About Smartcool
Smartcool Systems Inc. (TSX:SSC, OTC:SSCFF) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.

For further information
WEB www.smartcool.net and www.smartcooleco3.com
EMAIL [e-mail]

Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL [phone]
EMAIL [e-mail]

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