SUSTAINCO INC. ANNOUNCES CONTRACT OF OVER $280,000 FOR UPGRADES TO ENERGY MANAGEMENT AND CONTROL SYSTEM IN QUEBEC LAB OF THE CANADIAN FOOD INSPECTION AGENCY
TSX VENTURE EXCHANGE: SMS
FOR IMMEDIATE RELEASE
Toronto, Ontario – March 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 a contract worth over $280,000 by Canadian Food Inspection Agency to upgrade and integrate the energy management and control system in their lab in Saint-Hyacinthe, Quebec.
SustainCo has been working with this client and this facility for over 25 years on various building automation system requirements.
The work commenced in February 2015 and is to be completed in December 2015. Work will be managed out of the SustainCo Montreal office.
“SustainCo has built a foundation of government mandates, and we continue to build our expertise in the design and integration of energy management systems”, 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