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Smartcool Systems Inc. (TSXV: SSC), is pleased to announce that Smartcool Systems International Inc., a 100% wholly owned subsidiary, has signed an Electricity Cost Reduction Sales Agreement with Barbados Dairy Industries Ltd. ("BDI"). The agreement provides for the installation of Smartcool's Energy Savings Module (ESM™) in order to provide reduced electricity consumption related to the refrigeration compressors in BDI's St. Michael, Barbados facility.
Smartcool evaluated BDI's facility and calculated electricity consumption reduction of approximately 370,000kWh per annum for the operations. This will provide for approximately $50,000 annualized cost savings and reduce annual greenhouse gas emissions by just less than 500,000lbs. This can be equated to providing electricity to 35 homes per annum and the greenhouse gas reduction is equivalent to planting approximately 271 acres of trees.
The installation site is a full service dairy production facility including ice banks, manufacturing, cold storage area, ice-cream freezing and container refrigerators. In addition, Smartcool is installing an ESM™ to further maximize the efficiency of the compressors servicing the corporate offices air conditioning system.
"This installation represents one of Smartcool's largest single site installations the Company has done over the last 12 months," states George Burnes, President. "Furthermore, there is potential for further expansion into other facilities within this beverage conglomerate."
About Barbados Dairy Industries Ltd.:
Barbados Dairy Industries Ltd. is a subsidiary of Banks Holdings Limited ("BHL") one of Barbados' most successful public companies and the island's largest beverage conglomerate. BHL produces leading international brands under license such as Coca-Cola, Sprite and Guinness; local originals like Frutee and Tiger Malt; and their signature product - Banks Beer, Barbados' best loved lager. BHL offers juices, juice drinks, fresh milk and cultured products including yogurt, ice cream, sour cream and cottage cheese.
BDI brings to the consumer a wide range of pasteurised, evaporated and UHT long-life milks and juices in a variety of flavours. Cultured products such as yogurts, ice-cream and cottage cheese are also available. Through these quality offerings, and spirited market penetration the island's lone dairy has established its products as a staple on the Barbadian table. BDI's "Pine Hill" brands have been able to gain a foothold in 13 markets including the United States tri-state area. Airline flight kitchens and cruise ships are also regular patrons. For more information, please visit www.banksholdings.com.bb.
About Smartcool Systems -- "A Green-Tech Company Specializing in Energy Cost Reduction Technologies"
Smartcool Systems Inc. is an advanced energy savings solutions company specializing in energy and cost reduction technologies for commercial and retail businesses. The company's wholly owned subsidiary, Smartcool International Inc., is the owner, developer, manufacturer and worldwide distributor of the Energy Saving Module (ESM™). This green technology reduces the electricity consumption (kWh) and maximum demand (KW) of air conditioning and refrigeration compressors. Rather than replacing existing equipment, the ESM™ works in conjunction with existing controls in order to ensure that compressors work at maximum efficiency, while maintaining preset temperature levels and without causing over-cycling.
Rising global energy demand is resulting in significant increases in energy prices. Environmental concerns are causing both government and industry to re-examine the way they do business. Smartcool provides companies with solutions to address the growing pressure to reduce energy costs, increase profits and reduce green house gas emissions. For more information, please visit www.smartcool.net.
For additional information contact: Allan Thompson, 604-669-1388 or 1-888-669-1388 or
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The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
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