Smartcool Completes Phase I with Luxor Hotel and Casino
"Vegas Casino Bets on Smartcool's Green Technology"
VANCOUVER, June 7 -- Smartcool Systems Inc. (TSXV: SSC), an advanced energy savings technology company, is pleased to announce it has completed Phase l of an agreement with the Luxor Hotel and Casino located in Las Vegas, Nevada for the installation of the ESM 4000 Energy Savings Module.
Smartcool and the Luxor have agreed to identify, evaluate, and install the ESM 4000 Energy Savings Module on Air conditioning and Refrigeration equipment where the level of savings provide the Hotel a reasonable pay back period. The positive result of Phase l where the ESM 4000 was installed on two roof mounted A/C units has led the Luxor to pre-approve funding for further installations where the level of savings are consistent with Phase l.
George Burnes, President of Smartcool stated "the size of the Luxor and their desire to embrace green technology allows us to be involved in a comprehensive program of energy management strategies within the property. The next Phase will be focused on refrigeration equipment. Smartcool has already completed a site survey and will be preparing an installation schedule which will be submitted for approval. Another benefit for Smartcool is the fact that the Luxor is part of the MGM Mirage Resorts Corporation who manages numerous properties in Las Vegas and elsewhere in the US."
Kim Kirkendall, Vice President of Property Operations for the Luxor stated that "the results from the first installation of the ESM have shown us that this technology will help us with our ultimate goal of making the Luxor a "Green Building". We are developing strategies and partnerships with companies like Smartcool to reduce greenhouse emissions and reduce operating costs."
About Smartcool Systems:
SmartCool is an advanced energy savings technology company that holds the exclusive North American rights for the Abbotly Technology. This green technology reduces electricity usage for air conditioning and refrigeration compressors. Rather than replacing existing equipment, the ESM 4000 works in conjunction with existing controls in order to ensure that compressors work at a maximum efficiency, while maintaining preset temperature levels and without causing over-cycling.
Global energy demand is escalating causing energy price increases. Environmental issues are causing both Government and Industry to address the way they do business. Smartcool's technology allows environmentally responsible managers to meet their fiscal goals.
For additional information please contact: George Burnes, 604-669-1388 or 1-888-669-1388 or georgeb@smartcool.ca The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.