SustainCo Inc. Announces Contract Awards of Over $525,000 for Energy Retrofit Work With a Fortune 100 Company
TSX VENTURE EXCHANGE: SMS
FOR IMMEDIATE RELEASE
TORONTO, ONTARIO–(Marketwired – Dec. 11, 2014) – SustainCo Inc. (the “Company” or “SustainCo”) (TSX VENTURE:SMS) is pleased to announce that SustainCo Solutions & Services through its operating group VCI Controls Inc. has been awarded a series of contracts worth over $525,000 by a Fortune 100 company for several energy retrofit measures in their Toronto area facility.
SustainCo was awarded work to design and install a cooling tower replacement and various valve and refrigeration upgrades, totalling over $525,000. The work had commenced in July and is expected to be completed by early 2015.
“This project with a Fortune 100 company demonstrates the success and synergies of combining our Mechanical services offerings with our growing platform of sustainable and energy efficiency services,” stated Emlyn J 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