In Q4/18, Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) had its best quarter ever in terms of total sales, at CA$2.4 million plus, the company announced in a news release. Smartcool provides energy efficient and energy cost reduction solutions to businesses around the world.
"The sales funnel has continued to grow and we are seeing that advance into Q1/19 with many multilocation opportunities proceeding to roll out of our technologies," CEO Ted Konyi said in the release.
Along with the Smartcool sales team, Total Energy Concepts (TEC) continues to increase its sales. TEC, a division of Smartcool, also delivers energy-efficiency solutions but through power protection, energy management, power quality, facility grounding and lighting options.
Sales activity in the United Kingdom has been and remains robust, the company noted. In the United States, the extension of the REAP grant program to 2023 has contributed to uptake. A grant through REAP covers up to one-quarter of the cost of energy efficiency projects in rural areas.
Read what other experts are saying about:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Smartcool Systems. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Smartcool Systems, a company mentioned in this article.