Smartcool Systems Inc.

  • ISIN: CA83171N1087
  • Land: .

Nachricht vom 12.09.2017 | 14:32

Smartcool Distributor Installs at McDonald's Chain in Riyadh

DGAP-News: Smartcool Systems Inc. / Key word(s): Miscellaneous

12.09.2017 / 14:32
The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - September 12, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) is pleased to report that Kafaat Energy Company, its distributor in Saudi Arabia has been appointed by Riyadh International Catering Corporation to supply and install Smartcool's energy efficiency technology at McDonald's branches in Riyadh. The above appointment is part of Riyadh International Catering Corporation's plans to promote energy efficiency standards, green environment and reduced levels of carbons' emissions.

Bashar Abdulrahman, CEO Kafaat Energy Company stated 'We have been successfully installing Smartcool's energy efficiency systems in various locations in the KSA. Initial installations for Riyadh International Catering Corporation at McDonald's locations have been completed and are being evaluated for a full rollout to all 162 branches. With the significant requirement for climate cooling in Saudi Arabia and additionally, refrigeration requirements at McDonald's, there are many buildings that could benefit from Smartcool's proprietary technology. We look forward to growing the installed base of satisfied customers that are implementing the technology and whom are not only realizing a financial benefit but reducing their carbon footprint.'

Ted Konyi, CEO Smartcool Systems Inc. commented 'Kafaat Energy Company has been extremely focused on marketing Smartcool's technology and it shows. In addition to working with Riyadh International Catering Corporations' McDonald's locations, they recently installed at Tiara Hotel, a unique luxury hotel in Riyadh. Results at Tiara showed a 20% savings on Air Conditioning costs. This represents significant savings for the hotel as well as reducing emissions. We continue to support Kafaat and their initiatives and look forward to their continued success.'

About Riyadh International Catering Company

Riyadh International Catering Company is proud to serve the Central, Eastern and Northern regions of KSA some of its favorite food since 1993. McDonald's KSA Central, Eastern and Northern regions today has 162 restaurants geographically located and over 5,007 employees to service customers. McDonald's KSA Central, Eastern and Northern regions is committed to the quality of the products it serves at each restaurant and also maintains an active social responsibility agenda.

About Kafaat Energy Company

Kafaat Energy Company is specialized in providing energy saving solutions and products for various applications (HVAC, heating systems, motors) through partnership with international energy saving companies. Those solutions guarantee savings of around 15% - 20% of the total electricity consumption at clients' premises.

About Smartcool

Smartcool Systems Inc. (TSXV: 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.

For further information
WEB www.smartcool.net and www.smartcooleco3.com
EMAIL info@smartcool.net

Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632           
EMAIL mike.kordysz@smartcool.net

Forward-looking statements: Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the size and timing of the Offering and the proposed use of proceeds. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/28958


12.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC im Fokus

Euromicron: Positiver Trend setzt sich fort

Die Euromicron AG ist ein Technologieunternehmen, das auf die Digitalisierung von Infrastrukturen und die Vernetzung von IT-Strukturen spezialisiert ist. Euromicron ist gut in das GJ 2017 gestartet und konnte Umsatz und Ergebnis deutlich verbessern. Die vom Management jüngst umgesetzte Strategie, den Konzern auf wachstumsträchtige Geschäftsfelder wie „IoT“ (Internet of Things) oder „Digitalisierung“ auszurichten, trägt immer mehr Früchte. Aufgrund der zunehmenden Erschließung von „IoT“-Märkten und dem noch vorhandenen Synergie-Potenzial, gehen wir davon aus, dass dieser positive Trend umsatz- und ergebnisseitig fortgesetzt wird. Vor diesem Hintergrund vergeben wir das Rating KAUFEN und das Kursziel von 10,50 €.

News im Fokus

E.ON SE: E.ON in fortgeschrittenen Gesprächen hinsichtlich einer Vereinbarung, nach der die verbleibende Beteiligung an Uniper im Rahmen eines öffentlichen Übernahmeangebots von Fortum Anfang 2018 angedient werden könnte

20. September 2017, 12:03

Aktuelle Research-Studie

MOLOGEN AG

Original-Research: Mologen AG (von First Berlin Equity Research GmbH): BUY

22. September 2017