SUSTAINCO INC. ANNOUNCES AWARD OF STANDING OFFER AGREEMENT FOR MECHANICAL SERVICES WORK AT CFB BORDEN, ONTARIO, BUDGETED FOR $1.2 MILLION FOR YEAR
TSX VENTURE EXCHANGE: SMS
CANADIAN SECURITIES EXCHANGE: SMS.DB
FOR IMMEDIATE RELEASE
Toronto, Ontario – July 8, 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 standing offer agreement by Defence Construction Canada to provide CFB Borden mechanical services work budgeted for $1.2 million for year.
“SustainCo has sustained its working relationships with Federal Government related agencies since developing its building controls solution for them over 25 years ago”, stated Emlyn David, CEO of SustainCo. “Combining building controls with mechanical services has demonstrated solid growth for 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