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Smartcool Systems Inc. and Panoramic Power Enter Value Added Reseller Agreement

/EINPresswire.com/ -- VANCOUVER, BC--(Marketwired - June 20, 2017) - Ted Konyi, CEO, Smartcool Systems Inc. (TSX VENTURE: SSC) (OTCBB: SSCFF), is pleased to announce that the company has entered into a VAR (Value Added Reseller) agreement with Panoramic Power Ltd.

Panoramic Power has developed innovative new power metering sensors that provide device level consumption data. The sensors are self powered, inexpensive, easy to install and report to a powerful web based dashboard where users can monitor power consumption.

Speaking about Panoramic's technology, Ted Konyi said, "We were introduced to the Panoramic Power monitoring solution by one of our major UK clients. A large facilities management group that has deployed the Panoramic solution at a number of their managed sites in the UK. At one large client site in Warrington, UK, Smartcool have installed systems on one large Trane chiller system and multiple Mitsubishi Heat Pumps. This site has Panoramic device level monitoring equipment installed and the facilities management group was able to verify the efficacy of the Smartcool system on a real time basis. Energy savings averaged over 20%, with some readings showing close to 40% reduction. The ability to isolate the compressors being affected by Smartcool's technology provided conclusive evidence of the effectiveness and is leading to a rollout of other Smartcool installations. This has been a tremendous tool to confirm the efficacy of the Smartcool product, which in many cases is difficult, given that most commercial users only see total power consumption."

Smartcool has become a reseller of Panoramic Power technology as it also can provide ongoing fault detection on various other electrical circuits from motors to lighting. The company believes that many of its clients and distributors will be interested in using the technology far beyond simply verifying the efficacy of Smartcool technology. Smartcool is already receiving purchase orders for Panoramic systems and looks forward to growing this exciting new complimentary business.

About Panoramic Power

Panoramic Power, a Centrica company, enables businesses to optimize their energy consumption and improve system level performance and operations. Using Panoramic Power's innovative and affordable wireless sensor technology together with a cloud-based analytics solution, companies across a wide range of industries gain insight into their energy usage and are able to optimize operations, processes and maintenance resources. For more information, visit www.panpwr.com.

About Smartcool Systems Inc.

Smartcool Systems Inc. (TSX VENTURE: 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.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company's belief in the growth opportunities in the Israel. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website www.smartcool.net

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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