VANCOUVER,
March 19, 2014 /PRNewswire/ -
Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce initial
results of 18% energy savings from an evaluation of Smartcool's
energy efficiency technology on two sea-going refrigerated
containers.
"This is an exciting new market that we are
entering," says George Burnes,
President and CEO of Smartcool. "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."
Smartcool has established a well-respected
energy efficiency solutions business for refrigeration and air
conditioning using its own software products. Initial testing of
Smartcool's software on this new application has been very
successful, demonstrating 18% energy savings on the compressor in a
Carrier refrigeration unit. This will translate to a return
on investment well under 12 months for customers, leading to rapid
sales penetration for Smartcool.
The refrigerated transportation market 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.
Diesel-fueled generators are the primary source
of electricity for transportation refrigeration systems. These
generate electricity at a cost of up to $0.80/kwh depending on the prevailing cost of
diesel. In the case of refrigerated trucks and trailers, the
refrigeration unit consumes approximately 1 gallon of diesel fuel
per running hour. With diesel costs averaging $4/gallon in North
America and over $7 in
Europe, there is considerable
demand for energy saving solutions like Smartcool's technology that
can offer painless reduction of these costs.
Chris Lefaivre,
VP of Operations, says, "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. This may lead to
the development of a new hardware platform powered by Smartcool's
software, designed specifically for the refrigerated transportation
sector.
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
About Smartcool
Smartcool Systems Inc. (TSX-V: 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 15% to
20%, giving customers a return on investment in as little as 12
months.
SOURCE SmartCool Systems Inc.
