SOURCE: Novacab International Inc.
CANDIAC, QB--(Marketwired - Feb 28, 2014) - Novacab International Inc. (OTCPink: NVOB) is pleased to announce the beginning of a joint project with L'Oreal Canada. Held In collaboration with Novacab's industrial division, Groupe Enerstat inc., the second phase of the project for the installation in this plant has a value exceeding $150,000. The total amount of locations in which L'Oreal Corporation manufactures its cosmetics is 41 plants worldwide.
After extensive validations and project reviews, L'Oreal has chosen to initiate this important step to further test the new generation of Novacab's technologies. Expectations are that this will provide optimal temperature control and energy savings in their operations.
Mr. Michael Carty, Senior Vice-President, Novacab International Inc. commented, "We are excited by this opportunities to deliver our experience and highly evolved technologies to L'Oreal, a successful leader in its industry with a strong legacy in sustainability. As with the successful projects with IBM, we are confident that we will have a long term relationship with L'Oreal."
Novacab International Inc. is also in the process of substantially improving its current facility in Tracy-Sorel, Quebec, Canada. Substantial investment in resources will allow the company to boost its deployment in North America.
Projected total investment in the Tracy-Sorel facility is to exceed $1,000,000.
More updates are forthcoming.
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.