SustainCo Inc.
TSX VENTURE : SMS

SustainCo Inc.

November 24, 2014 14:54 ET

SustainCo Inc. Announces Two Contract Awards of Over $600,000 for Building Automation System by Black & MacDonald

TORONTO, ONTARIO--(Marketwired - Nov. 17, 2014) - SustainCo Inc. (the "Company" or "SustainCo") (TSX VENTURE:SMS) is pleased to announce that SustainCo Solutions & Services through its division VCI Controls Inc., has been awarded two contracts worth over $600,000 by Black & MacDonald for work including: Design Assist, providing the Building Automation System (BAS) equipment, and the commissioning of the system in the Operations Support Building of the Darlington Nuclear Generating Station, Ontario Power Generation.

Through VCI Controls, SustainCo has over 35 years of experience with this particular BAS. The formal contract was awarded in September 2014, and the work is expected to be completed by September 2015.

"We are pleased that Ontario Power Generation and Black & MacDonald continue to appreciate the value of our involvement in the legacy building automation system and new controls going forward", stated Emlyn David, CEO of SustainCo.

About SustainCo Inc.

SustainCo is a leading provider of sustainable infrastructure solutions and services. SustainCo operates through its two groups, CleanEnergy Developments and SustainCo Solutions & Services.

CleanEnergy Developments is an early stage developer and investor in clean and renewable energy projects with experience in wind, solar, biomass, and thermal energy projects. CleanEnergy Developments provides strategic capital, funding management, and execution expertise.

SustainCo Solutions & Services provides comprehensive building performance services, incorporating full life cycle asset optimization, finance, design, build, operations and maintenance services for new build and retrofit facilities. Specifically, it provides: engineering services, building automation controls, performance monitoring, energy and lighting retrofits, mechanical and electrical installation and services, thermal energy systems, and operations and maintenance services for multi-residential and ICI facilities.

With headquarters in Toronto, SustainCo has offices across Canada including, Halifax, Montreal, Pembroke, Ottawa, Vaughan, Toronto, and Calgary. For more information, visit www.sustainco.ca.

Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Forward-looking statements, specifically those concerning future performance and other statements that are not historical fact, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the Toronto Stock Exchange (the "Exchange") and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Trading in the securities of the Company should be considered highly speculative. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Neither the Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • SustainCo Inc.
    Emlyn David
    President, Chief Executive Officer and Chairman
    (647) 258-0960