SOURCE: Smartcool Systems Inc.

Smartcool Systems Inc.

May 30, 2017 08:30 ET

Wates Group and Smartcool announce Sustainable Technology and Energy Partnership

Following a successful Green Dragons Den appearance for innovation, Smartcool has been presented by Wates Smartspace with an innovation and sustainability award and partnership agreement

VANCOUVER, BC--(Marketwired - May 30, 2017) - Ted Konyi, CEO, Smartcool Systems Inc. (TSX VENTURE: SSC) (OTC PINK: SSCFF) is pleased to announce that the company has successfully agreed to a partnership programme that will allow Wates to deliver significant energy savings through Smartcool into their multi-site client base.

This direct partnership between Smartcool and the Wates Group will quickly enable both to deliver much needed and significant energy reduction programmes into already recognized Wates Group clients. Smartcool's ability to deliver quick energy solutions that can be scaled across multiple sites with ease, also fits with the Wates Group customer support to identify, select and implement cost-effective technologies that lower carbon emissions, improve building performance and reduce operational costs.

The Smartcool technology was evaluated over a number of months and was found to be one of the highest rated solutions technologies. A frame work agreement has now been agreed by a Wates Group panel, who make up their Sustainable Technology Group.

Nick Weedon, Smartcool's National Sales Manager responsible for the Wates Group partnership, said, "This is a significant step forward for Smartcool and indeed Wates, I'm delighted to be able to partner with the Wates Group in the development of projects that will result in more energy efficient buildings and an on-going programme to support energy and sustainability reductions, this will significantly help to reduce carbon emissions. Working with Dr. Zainab Dangana has been a pleasure, I look forward to our continued partnership and to accomplish our multiple goals."

Dr. Zainab Dangana, Sustainability R&D Manager at The Wates Group Smartspace previously commented, "The framework's positive impact has been wide-ranging. It meets our customers demands for sustainability and innovation whilst providing a strong route to market for suppliers. Positioning Wates as a pragmatic leader and innovation broker in the construction industry."

About The Wates Group

Wates were formed in 1897 and are one of the UK's largest family owned construction, property services and development companies. Wates employs over 4,000 people and works with more than 10,000 supply-chain operatives and partners to successfully deliver projects throughout the UK. With a revenue of £1.27b in 2015 it saw them also acquire the Shepherd Group's construction operations for a reported £9.8m with some 1,200 staff transferring to Wates. Now in the fourth generation of family ownership, Wates' professional family shareholders are committed to the future of the business, growing in a sustainable way with a view to handing over to the next generation.

The Wates Sustainable Technology Group started in 2011 as an R&D project with Plymouth University and the engineering Physical Sciences Research Council. It evolved into the 'Knowledge Transfer Partnership Project 'in collaboration with Wates Smartspace, Innovate UK and Plymouth University. It is now an established offering at no extra cost to their valued customers to support the delivery of low carbon buildings.

About Smartcool

Smartcool Systems Inc. (TSX VENTURE: SSC) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.

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