SUSTAINCO INC. ANNOUNCES CONTRACT OF OVER $575,000 FOR ENERGY MANAGEMENT CONTROLS FOR PHASE II OF KIPLING ACRES HOMES FOR THE AGED PROJECT
TSX VENTURE EXCHANGE: SMS
CANADIAN SECURITIES EXCHANGE: SMS.DB
FOR IMMEDIATE RELEASE
Toronto, Ontario – May 21, 2015 – SustainCo Inc. (the “Company” or “SustainCo”) (TSXV:SMS, CSE:SMS.DB) is pleased to announce that SustainCo Solutions & Services through its operating group, VCI Controls Inc., has been awarded a contract worth over $575,000 by Dependable Mechanical Systems Inc. Work has commenced for energy management controls for Phase II of the redevelopment of Kipling Acres Homes for the Aged, a City of Toronto property.
Kipling Acres long-term care facility sits on 10 acres and is home to 192 residents, both seniors and young adults. SustainCo had previously completed work on Phase I, and has been contracted to execute Phase II, which consists of the addition of 145 beds, and incorporates energy management controls. These controls include energy efficiency hot water in floor heating for both perimeter and interior heating, and in conjunction with Heat Recovery Roof Ventilation Units. SustainCo is using Open Protocol Honeywell BACnet Building Automation System, to interface with equipment.
“As a testament to the quality of our work, SustainCo continues to secure repeat business from existing customers”, stated Emlyn David, CEO of SustainCo. “We work well with innovative partners such as Dependable Mechanical.”
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.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
President, Chief Executive Officer and Chairman