CANADA: Smartcool Systems has announced initial results of 18% energy savings from an evaluation of their energy efficiency technology on two sea-going refrigerated containers.
George Burnes, President and CEO of Smartcool said:
"This is an exciting new market that we are entering, not only does it offer a huge amount of potential on its own, but it is also highly complementary to our established customer base of food retailers. Our major supermarket customers depend on refrigerated transportation as an integral part of their business. Offering a new solution to address the costly energy consumption in this sector will open the doors to new customers and provide a lucrative value-added offering to our existing customers."
Chris Lefaivre, VP of Operations, said:
"This market has vast untapped potential. Options for refrigerated transportation companies to reduce their operating costs are few and far between. By offering our solution to make their refrigeration systems more energy efficient, we will be assisting cold freight transportation companies with their bottom line and their green initiatives. It is a multi-million dollar opportunity for Smartcool and we are thrilled to be seeing such strong test results right at the start."
Currently, the ECO3 hardware platform is being used to deliver Smartcool's proprietary software algorithms to this new application. Further testing on over-the-road refrigerated trailers will be completed in the second quarter, prior to a number of pilot installations.
If the testing proves successful, it could lead the development of a new hardware platform powered by Smartcool’s software, a platform designed specifically for the refrigerated transportation sector which includes over-the-road trailers, box trucks, sea-going containers and rail containers. Globally, there are over 5.5 million refrigerated trucks and trailers, and an additional 2 million refrigerated sea-going containers
Smartcool Systems Inc. is a clean technology company, publicly listed on the Toronto Venture Exchange (TSX-V: SSC). Smartcool works with customers around the world to make their Refrigeration, Air Conditioning and Heat Pump systems more energy efficient using own unique technology.