EnerCare Inc.
TSX : ECI

EnerCare Inc.

January 05, 2016 09:15 ET

Enercare Signs Agreement With QMC for Exclusive Supply of World-Class GWF Thermal Metering Technology in Ontario

TORONTO, ONTARIO--(Marketwired - Jan. 5, 2016) - Enercare Connections Inc. ("Enercare"), a wholly-owned subsidiary of Enercare Inc. (TSX:ECI) and Canada's largest and most reputable non-utility sub-metering provider, has entered into an agreement with Quadlogic Meters Canada Inc. ("QMC") for the exclusive supply of thermal sub-metering technology from GWF MessSysteme AG ("GWF") of Switzerland. Under the terms of the agreement, QMC will supply thermal meters exclusively in Ontario to Enercare, other than to certain local Ontario utilities.

"Our agreement with QMC to provide thermal sub-metering technology from GWF represents a tremendous opportunity for current and prospective Enercare clients," said John Macdonald, President and Chief Executive Officer of Enercare. "GWF is in a class of its own when it comes to thermal metering, and their technology has already been effectively deployed in some of the smartest and most efficient buildings in Europe."

The deal follows Enercare's acquisition of Ottawa-based Triacta Power Technologies Inc. in July 2015, and underscores the company's commitment to providing leading edge sub-metering technology and solutions to developers, landlords and property managers.

"We are very pleased to partner with Enercare on an exclusive basis in Ontario," said James Easton, President and CEO of QMC. "Our two companies are aligned in providing developers, landlords and property managers with the very best technology to monitor and reduce energy consumption, and reduce overall costs."

Manufactured in Switzerland and deployed to measure both heating and cooling in residential, commercial and institutional applications, GWF thermal meters meet some of the highest international standards for accuracy and reliability, including EN 1434.

Key features of the GWF thermal meters include:

  • Swiss quality and precision, providing longer meter life and improved accuracy
  • M-Bus communications standard to provide absolute meter readings and power-over-M-Bus, which could lower installation costs
  • CF-51 and CF-55 commercial models can be adapted to any size pipe (both in-line and insertion meters)
  • Ultrasonic flow meter, meaning no moving parts are blocked
  • Flexible mounting options, translating into easy installation in fan coil/heat pump factory or retrofit at site

About Enercare Connections

Enercare Inc. is headquartered in Toronto, Ontario and publicly traded on the Toronto Stock Exchange (TSX:ECI). As one of Canada's largest home and commercial services and energy solutions companies with approximately 1,000 employees, Enercare provides water heaters, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services to more than 1.2 million customers. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada, and through its Triacta division, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions. For more information on Enercare visit enercare.ca.

About QMC

QMC is a leader in thermal energy metering solutions for the Canadian market. QMC helps building owners and occupants conserve energy and save money through intelligent sub-metering of a building's utilities: electricity, water, thermal and gas. Vancouver-based with offices across Canada, QMC has both hands-on experience in the field, and extensive knowledge of utility billing, analytics, and conservation. For more information about QMC visit qmeters.com.

Source: Enercare Inc.

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