Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced in a news release its subsidiary Total Energy Concepts Inc. began installing energy-efficient solutions for the Light of Christ Catholic Schools in Bismarck, N.D., St. Mary's Central High School being the initial project. The package will include Smartcool's technology, LED lighting, voltage conditioning and other optimizing components.
"The installation is anticipated to reduce the monthly electrical costs and associated maintenance expenses by over 40%, amounting to a reduction of approximately over $3,000 per month," the release noted.
The project and facilities manager for the Light of Christ, John Richter, commented, "The financing that has been provided for the project allows us to see immediate financial benefit as the reduction in monthly costs exceeds the lease expense of the project."
Paul Deichert, TEC Regional Sales Director, said, "With completion of this installation, other similar institutions should follow St. Mary's lead in adopting these technologies for similar results. Interest in this type of program has been growing and I believe we will be installing at numerous additional locations. This is truly a win-win scenario as operating expenses that are saved can be used for other beneficial projects. I look forward to working with the LOC to reduce their costs and environmental impact."
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 billboard 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.