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Smartcool Systems (TSX:SSC) joins Wates Innovation Network portal

Industrial
TSXV:SSC
03 March 2021 14:15 (EST)
buildings

Smartcool Systems has been chosen as a partner for a new self-service, intelligent marketplace for sustainable technologies.

The Wates Innovation Network (WIN) portal, created by the Wates Group connects companies with partners that can offer solutions to help meet sustainability targets.

The goal is to create an industry-leading network that will accelerate the transition to net-zero by showcasing smarter solutions to designing, constructing and maintaining buildings.

As an innovation partner, Smartcool Systems Inc. will feature on the WIN portal alongside 41 other suppliers approved by a screening panel including 40 environmental experts. Users can filter sustainable innovations based on their requirements to find the product and supplier most suitable for them.

The new online portal will enable Smartcool Systems Inc. to connect with businesses directly and better support them in providing tangible environmental and operational savings. With a focus on optimizing compressor efficiency, Smartcools solutions have seen substantial energy savings with reductions in consumption as high as 60 per cent

Steven Martin, Executive Vice President & CTO at Smartcool remarked,

“Wates has been a great partner to work with and this new portal will undoubtedly increase the visibility of our products in the marketplace. We applaud Wates in taking this step to accelerate the implementation of innovative solutions like Smartcool offers.”

John Dunne, Group Health, Safety, Environment and Quality Director at Wates, commented,

“The market for sustainable solutions is expanding fast and companies who are not investing in innovations will soon be unable to compete. The issue is 95% of market-ready sustainable technologies never get considered because key decision-makers do not know they exist, or suppliers don’t have access to the key corporate decision-makers. The WIN portal is bridging that gap, showcasing innovation and helping businesses to meet bold environmental targets.”

Smartcool Systems Inc. provides energy-efficient air conditioning and refrigeration compressors and heat pump systems.

The Wates Group, a leading privately-owned UK-based construction, residential development and property services business, is committed to long-term sustainability and is working to eliminate carbon from its operations by 2025.

SmartCool Systems Inc. (SSC) is unchanged, trading at C$0.045 per share at 2:15 pm EST.

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