Smartcool Systems Inc.
SSC: TSX-V
Basic Shares 44.3 million
Fully Diluted 50.7 million
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Smartcool’s announcement today that it signed an exclusive distribution deal with Avireal AG, not only opens the door to hotels and commercial land owners and managers in Switzerland but also gives Smartcool access to Avireal’s properties in Dubai. Avireal is a facilities management company, with a core competence in the area of energy efficiency.
According to the news release “The catalyst for the agreement were existing opportunities to introduce energy saving technologies to that country's (Switzerland’s) large hotel industry as Avireal currently counts multiple companies in the resort and accommodation market as its customers.”
The exact financial impact of this agreement for Smartcool is not yet known. However, at the time of the writing of this commentary Smartcool’s stock price is up over 8% and the bids are growing.
To read the full release, please click here.
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