SOURCE: EnerCare Inc.

Enercare Inc.

November 22, 2016 07:00 ET

Enercare Connections and North Edge Properties Agree to Sub-Metering Services for 1,090 Rental Units

TORONTO, ON--(Marketwired - November 22, 2016) -

  • Enercare Connections to provide sub-metering service to North Edge Properties for 1,090 rental units across four properties in Toronto
  • North Edge Properties' apartment rental suites are equipped with meters from Triacta Power Solutions, an Ottawa-based industry leader owned by Enercare Connections

Enercare Connections Inc. ("Enercare Connections"), a wholly-owned subsidiary of Enercare Inc. and Canada's largest non-utility sub-metering provider for multi-residential and commercial buildings, has announced an agreement with North Edge Properties Ltd. ("North Edge Properties") by which Enercare Connections will provide electricity sub-metering services for 1,090 rental units.

"Enercare is pleased to enter into a partnership with North Edge Properties," said Ephram Spiegelman, Vice President of Sales, Enercare Connections. "North Edge Properties is a company with an excellent and longstanding reputation in Toronto's apartment marketplace. Enercare's class-leading technology will allow residents to enjoy reliable and cost-effective sub-metering service."

"Enercare stood head and shoulders above all of the potential sub-metering partners we evaluated," said Sarah Topash, Manager of Operations for North Edge Properties. "Enercare's technical expertise, seamless installation and commitment to a long-term partnership were unmatched."

The North Edge Properties suites are located in highly desirable mid-town Toronto, near public transit and other amenities. They will be equipped with meters from Triacta Power Solutions, an Ottawa-based industry leader owned by Enercare Connections. Enercare will manage all metering, billing and customer service matters directly with residents.

About Enercare Inc.

Enercare Inc. is headquartered in Toronto, Ontario, Canada and is publicly traded on the Toronto Stock Exchange (TSX: ECI). As one of North America's largest home and commercial services and energy solutions companies with approximately 3,800 employees under its Enercare and Service Experts brands, Enercare is a leading provider of water heaters, water treatment, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services. With operations in Canada and the United States, Enercare serves approximately 1.6 million customers annually. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Canada and through its Triacta brand, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.

For more information on Enercare visit enercare.ca. Additional information regarding Enercare is available on SEDAR at www.sedar.com.

SOURCE Enercare Inc.

Contact Information

  • For further information, please contact:
    Investors & Analysts:
    Evelyn Sutherland
    Chief Financial Officer
    1.416.649.1860
    esutherland@enercare.ca

    Enercare Connections:
    John Piercy
    Senior Vice President and General Manager, Enercare Connections Inc.
    1.416.649.6978
    jpiercy@enercare.ca