VANCOUVER, June 30 SSC-CBRE-agreement
Philippine Property Manager Assists Clients with Energy Savings
Initiative
VANCOUVER, June 30 /PRNewswire-FirstCall/ - Smartcool Systems Inc. (TSXV: SSC) is pleased to announce that its distributor, Smartcool SEA Pte. Ltd., based in Makati City, has signed a marketing agreement with CB Richard Ellis Philippines, Inc. ("CBRE"). As part of the agreement, CBRE will recommend the use of Smartcool's innovative energy reduction technologies and assist Smartcool with the introduction and deployment of these technologies within their expanding managed property portfolio in this region.
"Commercial buildings are one of the biggest culprits globally in energy consumption and greenhouse gas emissions and this is no different in this part of the world," stated David Verlee, CEO of Smartcool SEA Pte. Ltd. "The proven technologies that Smartcool has developed provide an excellent economic solution that meets the requirements of commercial building managers to control building costs for its clients and reduce the size of their carbon footprint. The portfolio that CBRE currently manages provides us with a significant opportunity in this region."
"Our distributor in the Philippines is making significant inroads in their region and this agreement with CBRE, a globally recognized name, is a clear indication that our energy efficiency solutions are being marketed very well," added George Burnes, President and CEO of Smartcool Systems Inc. "Our clients have indicated that reduction in energy consumption and carbon emissions are important but ultimately it is the quick return on investment provided by Smartcool's solutions, usually around twenty four months, that allows them to commit capital to a retrofit program."
About CB Richard Ellis Philippines Inc.
CB Richard Ellis Philippines was established in 1998 and has been prominent in the Philippine market since 1995 through a previous Richard Ellis association. CB Richard Ellis Philippines currently employs over 200 highly qualified personnel and is rapidly expanding to serve clients with a full range of property services.
The firm has established its position as a market leader in the commercial brokerage services segment and undertakes a larger proportion of Tenant Representation assignments for Multi-national Corporations entering or expanding operations in the Philippines. The support services of residential brokerage are also an integral part of the full brokerage services to clients.
The company is also rapidly expanding its operations in Asset Services, with currently over 1.4 million square feet or over US$400 million of prime commercial, residential properties under it management, spread over major cities in Metro Manila, including Makati City, Ortigas Center-Pasig, Fort Bonifacio and the City of Manila.
The Research and Consultancy Department has an excellent track record providing professional advisory services to: financial institutions, large domestic corporations, multi-national corporations and government institutions, fund managers, international real estate funds and investment banks.
About Smartcool Systems Inc.
Smartcool Systems Inc. (SSC: TSX.V) manufactures and distributes the Smartcool Energy Saving Module (ESM)(TM) and the ECO(3)(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 ECO(3)(TM) provides the same environmental and cost-saving benefits to residential and commercial customers using one and two compressor cooling systems.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
SOURCE SmartCool Systems Inc.
