SUSTAINCO INC. ANNOUNCES WORK ORDERS OF OVER $550,000 FOR ENERGY MANAGEMENT AND RELATED GENERAL CONTRACTING WORK AT CFB BORDEN, ONTARIO
TSX VENTURE EXCHANGE: SMS
FOR IMMEDIATE RELEASE
Toronto, Ontario – February 23, 2015 – 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 and has substantially completed a series of contracts and work orders worth over $550,000 by Defence Construction Canada- CFB Borden and Public Works and Government Services of Canada- CFB Borden.
The work was comprised of a number of General Contractor and Project Management mandates including: roof replacement, HVAC upgrades, cooling tower maintenance and generator repairs. In addition, SustainCo has a standing offer to provide: HVAC Services, BAS Controls Services, Electrical Services, Millwrighting, and Insulation, as required from time to time. Work commenced in August and will see the General Contracting work substantially completed this week.
“As SustainCo continues to grow its integrated Building Performance offering, the work for our long standing client base such as Canadian Forces Bases, continues to demonstrate the success of our strategy”, 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.
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.
President, Chief Executive Officer and Chairman