SUSTAINCO INC. ANNOUNCES CONTRACT OF OVER $270,000 FOR ENERGY MANAGEMENT SYSTEM IN TORONTO SCHOOL
TSX VENTURE EXCHANGE: SMS
CANADIAN SECURITIES EXCHANGE: SMS.DB
FOR IMMEDIATE RELEASE
Toronto, Ontario – November 25, 2015 – SustainCo Inc. (the “Company” or “SustainCo”) (TSXV:SMS, CSE:SMS.DB) is pleased to announce that SustainCo Solutions & Services through its wholly owned investee VCI Controls Inc., has been awarded a contract worth over $270,000 by VR Mechanical Solutions Inc. for an energy management system for The Bishop Strachan School in Toronto.
This work will consists of the supply and installation of Building Automation System for the school expansion, as well as the integration of the existing (previously installed) VCI system. Major equipment being controlled through the energy management system includes additional boilers, air handling units, heat pumps, in-floor heating, snow melting and other HVAC equipment. The new energy management system will have web access capability for remote monitoring and control.
Work on this energy management system has commenced and is to be completed by August 2016.
“SustainCo prides itself on its growth from repeat customers,” stated Emlyn David, CEO of SustainCo. “The addition of web monitoring and control is consistent with our strategic direction to drive more customer friendly solutions”.
About SustainCo Inc.
SustainCo is a diversified investment company focused on Impact Investing in areas of sustainability. SustainCo invests in growth, game-changing and early-mover companies in areas focused on sustainability, energy efficiency, water resources, building performance management. SustainCo focuses on driving enterprise value in our investee companies through thought leadership, industry, financial and operational expertise to be an investor and strategic partner of choice.
Since 2011, SustainCo has managed several investments in disparate solutions and services companies to create a leading energy efficiency and clean energy platform through its investment pillars of SustainCo Solutions & Services and CleanEnergy Developments.
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 award-winning, 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