SUSTAINCO INC. ANNOUNCES CONTRACT AWARD OF OVER $130,000 FOR ENERGY MANAGEMENT AND CONTROL SYSTEM FOR CFB HALIFAX
TSX VENTURE EXCHANGE: SMS
FOR IMMEDIATE RELEASE
Toronto, Ontario – November 24, 2014 – SustainCo Inc. (the “Company” or “SustainCo”) (TSXV:SMS) is pleased to announce that SustainCo Solutions & Services through its operating group VCI Controls Inc. has been awarded a contract worth over $130,000 by Pomerleau for an Energy Management and Control System for CFB (Canadian Forces Base) Halifax.
The Energy Management and Control System will manage the environmental conditions of the building and proactively report any problems to the building operators.
The work details include providing the Building Automation System (BAS) equipment, installation, and the commissioning of the system. The BAS manages the air-handling units, primary heating system, room controls for ventilation and heating, and networking to the central BAS across the CFB Halifax network.
The work is expected to commence in January 2015 and be completed in September 2015. Work will be managed out of the SustainCo Halifax office.
“VCI has built a great base of energy management systems work across Federal Government sites, and the VCI Controls BAS package continues to perform for customers”, 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 Toronto Stock Exchange (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.
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President, Chief Executive Officer and Chairman