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SSC NR this morning

posted on Mar 23, 2010 10:06AM
Smartcool Increases Asian Presence with Global Manufacturing Brand

VANCOUVER, Mar. 23, 2010 (Canada NewsWire Group) -- /CNW/ -- Smartcool Systems Inc. is pleased to announce it has successfully completed an installation of its ESM(TM) technology with Asian manufacturing giant - Stretchline. The first installation was on the air conditioning system at a factory in Sri Lanka and achieved over 17% reduction in power consumption.

Stretchline board's has reviewed these positive savings results, and has now requested proposals for the implementation of Smartcool's technology in 10 of its factories across the Asian region. A roll out of such magnitude would be a significant move for Smartcool Systems Inc, in that it opens up a relationship with a global company spanning three continents, as well as a major force within the manufacturing sector.

This particular installation in Biyagama, Sri Lanka was undertaken by Smartcool Systems' Sri Lankan sales channel, Cedar International, and was intended to demonstrate the effectiveness of the ESM(TM) in reducing the power consumption, which ultimately will significantly reduce the overall operating costs of the plant.

Results of the trial were impressive with energy savings being recorded at over 210,000 kWh per annum (over 17%), resulting in an overall annual reduction in operating costs of over USD$ 21,100 for this location alone. This is a significant savings within the competitive manufacturing sector.

George Burnes, president and chief executive officer of Smartcool Systems, states; "We at Smartcool Systems are extremely excited to be working with a brand as significant as Stretchline, and are convinced that our technology will be making a significant impact on the economic, as well as environmental, goals of the manufacturing sector moving forward". Mr. Burnes went on to add that the successful installation, and likely roll out, proves to further underline the capabilities of Smartcool's energy efficiency technologies within the market, as well as the company's effectiveness in providing a significant and economical energy cost-saving solution.

About Cedar International:

Cedar is a Sri Lankan owned group with a vibrant International Network controlling a number of Separate Business Units (SBUs) dealing in diverse sectors including Trade, Finance, Engineering, Energy and IT. The company's main focus is on providing meaningful solutions that help improve productivity and profitability.

About Stretchline:

Headquartered in Hong Kong, Stretchline Holdings is one of the world's leading manufacturers of elastic, and over the past 10 years have grown to global proportions with over half a million square feet of facilities worldwide. The company is known for its innovative design and product-development capabilities and supplies leading global brands and retailers. The Stretchline Group of Companies has manufacturing facilities in the UK, US, Mexico, Indonesia, China and Sri Lanka, with a global workforce of over 40,000 people.

About Smartcool Systems Inc.

Smartcool Systems Inc. (SSC: TSX.V) manufactures and distributes the Smartcool Energy Saving Module (ESM)(TM) and the ECO3(TM), which make refrigeration and air conditioning systems more efficient, resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. The Smartcool ESM(TM) can be retrofitted to existing refrigeration and air conditioning systems and is compatible with all known control systems. More than 26,000 units have been installed worldwide for customers such as supermarkets, food distributors, telecommunications companies, hospitals, and hotels. Smartcool's new ECO3(TM) provides the same environmental and cost-saving benefits to residential and commercial customers using one and two compressor cooling systems. (www.smartcool.net)

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Source: CNW (March 23, 2010 - 9:31 AM EDT)

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