SUSTAINCO INC. ANNOUNCES A COLLABORATION WITH UNIVERSITY OF OTTAWA FOR PILOT PROJECT OF WIRELESS ENERGY MONITORING SYSTEM IN BROOKS RESIDENCE
TORONTO, ONTARIO–(Marketwired – March 26, 2015) - SustainCo Inc. (the “Company” or “SustainCo”) (TSX VENTURE:SMS) and the University of Ottawa are collaborating on a pilot project to test the wireless monitoring system in Brooks Residence in order to reduce the overall utility consumption and increase social engagement among the student population.
The university is capitalizing on a prime opportunity to engage students, building operators and the Residence Management Board, as well as provide them with tools to manage the university’s peak energy activities. Brooks Residence, which houses over 700 students in 202 units, paves a path for a dynamic sustainability program.
SustainCo is providing the design, equipment, installation, monitoring and analysis of real-time energy data for the university. With SustainCo’s device level sensors and the analytics platform, SustainCo’s system provides immediate awareness of real-time electricity costs and consumption based on daily activities, as well as empowers the users to bring about measurable change to support environmental sustainability.
“This low-cost wireless monitoring enables customers to drill into device-level data that they’ve not seen before, thus enabling customers and their users to make better and more educated decisions on their energy use,” stated Emlyn J David, CEO of SustainCo. “This solution is a clear differentiator in the market place, and we continue to enlighten asset owners and managers of the possibilities to become more energy efficient.”
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.
Emlyn J David
President, Chief Executive Officer and Chairman