Smartcool Systems Inc., CA83171N1087

Smartcool Systems Inc., CA83171N1087

06.11.2018 - 14:47:58

Smartcool Announces Record Breaking Sales for October 2018

Vancouver, British Columbia (Newsfile Corp. - November 6, 2018) - Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that sales for the month of October exceeded $1,000,000 CDN. This is the highest monthly sales achieved in the company's history.

'This is a tremendous accomplishment for the company and is a function of what has been coming together for us in the last year,' explained Mr. Konyi 'The acquisition of Total Energy Concepts (TEC) and the move from in house sales to an agency agreement in the UK have significantly contributed to this result. The global acknowledgement of climate change and the resulting drive to reduce carbon emissions, combined with ever increasing utility rates, improved costs of efficiency technologies and IoT based energy monitoring is driving companies and governments to seek efficiency measures.'

The majority of the sales generated in October are with national and international mult-location clients which should lead to significant follow on sales activity.

About Smartcool

Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome 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%.

Total Energy Concepts (TEC), a wholly owned subsidiary of Smartcool, is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.

For more information please visit www.smartcool.net and www.totalenergyconcepts.com

Investor InquiresMike KordyszVice President, Investor RelationsTEL +1 604 904 8632      EMAIL mike.kordysz@smartcool.net

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.

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Language: English Company: Smartcool Systems Inc.

Canada ISIN: CA83171N1087   End of News DGAP News Service

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