SUSTAINCO INC. ANNOUNCES A CONTRACT AWARD OF OVER $600,000 TO VCI CONTROLS INC. FOR CANADIAN FORCES BASE PETAWAWA
TSX VENTURE EXCHANGE: SMS
FOR IMMEDIATE RELEASE
Toronto, Ontario – March 20, 2014 – SustainCo Inc. (the “Company” or “SustainCo”) (TSXV:SMS) is pleased to announce that VCI Controls Inc. (“VCI”) has been awarded a contract from Defence Construction Canada to provide a bundle of integrated energy services for an energy retrofit of Building Q-103 Garrison Petawawa, Ontario, Canada including the decommissioning of its boiler and upgrading the HVAC and exhaust system. SustainCo received conditional approval from the TSX Venture Exchange (the “Exchange”) to acquire VCI, and final approval is subject to the Exchange’s review of final documentation.
“This contract award is an ongoing part of VCI’s offering and further promotes SustainCo’s broader platform of providing fully integrated solutions and services around building and facility energy performance”, stated Emlyn David, CEO of SustainCo.
About SustainCo Inc.
SustainCo is a leading provider of sustainable infrastructure solutions and services. SustainCo operates through its two groups, CleanEnergy Developments and SustainCo Solutions & Services.
CleanEnergy Developments is an early stage developer and investor in clean and renewable energy projects with experience in wind, solar, biomass, and thermal energy projects. CleanEnergy Developments provides strategic capital, funding management, and execution expertise.
SustainCo Solutions & Services provides comprehensive building performance services, incorporating full life cycle asset optimization, finance, design, build, operations and maintenance services for new build and retrofit facilities. Specifically, it provides: engineering services, building automation controls, performance monitoring, energy and lighting retrofits, mechanical and electrical installation and services, thermal energy systems, and operations and maintenance services for multi-residential and ICI facilities.
With headquarters in Toronto, SustainCo has offices across Canada including, Halifax, Montreal, Pembroke, Ottawa, Vaughan, Toronto, and Calgary. For more information, visit www.sustainco.ca.
Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Forward-looking statements, specifically those concerning future performance and other statements that are not historical fact, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the Exchange and securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Trading in the securities of the Company should be considered highly speculative. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
Neither the Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information, please contact Emlyn David, President, Chief Executive Officer and Chairman of SustainCo, at (416) 840-5002.