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Smartcool Systems Inc
Symbol	SSC
Shares Issued	252,473,165
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Smartcool to bring tech to Australia with Seeitek

2023-05-23 20:41 ET - News Release

Koleszar Subject: Smartcool Systems Inc. - Dissemination Word Document File: '\\swfile\EmailIn\20230523 172025 Attachment Smartcool - SEEITEK Press Release v3.docx' 2 SMARTCOOL(TM) Returns to Australian Roots, Announces Strategic Partnership with SEEITEK to Enhance Energy Efficiency in Asia-Pacific Region Vancouver, British Columbia - May 23, 2023 - Smartcool Systems Inc. (TSXV: SSC.H) (OTC: SSCFF) ("Smartcool" or the Company") is proud to announce the commencement of a strategic partnership with SEEITEK Pty Ltd. This partnership not only solidifies our commitment to delivering state-of-the-art energy-efficient solutions but also marks a significant milestone in our journey, as Smartcool returns to its Australian roots. Smartcool's humble beginnings in the 1980s in Australia laid the foundation for the innovative energy optimization technology we offer today. Over the decades, we have expanded our global footprint and refined our solutions to deliver superior energy savings. This partnership with SEEITEK symbolizes a homecoming for Smartcool, a return to the very soil where our story began. CEO Ted Konyi commented, "It is both exciting and deeply meaningful for us to partner with an Australian company like SEEITEK, bringing our technology back to where it all started. This partnership will enhance our ability to deliver our energy-efficient solutions in the Asia-Pacific region, where SEEITEK's established reputation and extensive experience will be of tremendous value." "I'm proud to partner with and represent SMARTCOOL(TM) in Australia to continue to evolve this dynamic and clever Australian invention. Given SEEITEK solves critical energy efficiency problems with world-best wireless transparency technology, bringing the Smartcool ECO range to our clients will complement our energy monitoring and engineering solutions and services. This smart solution is very timely, as it will deliver for our client's direct and immediate energy savings, as well as reduced emissions, with a very fast ROI." said Peter Collins, SEEITEK's Founder and Managing Director In the spirit of reconnection, this partnership represents Smartcool's dedication to sustainable growth, innovation, and customer success. This full-circle journey is an affirmation of Smartcool's commitment to delivering advanced energy-efficient solutions to clients across the globe. As we forge ahead, we look forward to the exciting opportunities that lie ahead, made possible through our partnership with SEEITEK. "We are eager to continue our journey where it all began and look forward to helping our customers achieve significant energy savings, reduce emissions, and contribute to a sustainable future in Australia, New Zealand, and Asia through our partnership with SEEITEK," Ted Konyi added. With this strategic partnership, we usher in a new era of energy efficiency and optimization in the Asia-Pacific region. We will continue to innovate, enhance, and expand our reach, staying true to our roots while propelling towards a greener, more sustainable future. About SMARTCOOL(TM) Smartcool Systems Inc. provides cutting-edge energy-efficient and energy cost reduction solutions for businesses around the world. The ECO3(TM) and ESM(TM) are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration, and heat pump systems by up to 40%. For further information, please visit our website at www.smartcool.net About SEEITEK Pty Ltd - seeitek.com.au SEEITEK is an Australian-based technology solutions company specializing in optimizing the energy and asset performance of operations, buildings and equipment for commercial businesses in Australia, New Zealand and Asia. The SEEITEK team, including partner network experts, finds & solves critical and complex operational & energy performance problems and opportunities. Utilizing technical experts, installers and engineers, world-best-in-class transparency technology and real-time data analytics. Delivering the best, with ease with exceptionally responsive and reliable local/global support & service. With over 25+ years of commercial and industrial experience, in operational performance efficiency, HVAC/R, smart facilities and buildings, energy management and IOT, as well as in national and international strategic sales and sales management in the APAC & Asia region, SEEITEK empowers businesses to understand, manage and control their operational and energy performance with confidence. The SEEITEK team has capability and speed to scale and supports the deployment of solutions and complimentary technologies for national and multinational client projects that require innovative and transformative outcomes. Delivering significant operational and energy performance improvements fast, in less than standard 2 - 3-year payback with their medium & large-scale projects. Achieving cost reduction, operational optimization and asset life-cycle extension. In 2020, SEEITEK became the Exclusive Global Integration Partner Australia for Centrica Business Solutions owned brand Panoramic Power(TM) wireless real-time energy monitoring & PowerRadar(TM) software and reporting solutions. SEEITEK connects businesses with simple, affordable world-best-in-class innovation and specialist technical expertise to make operational and energy performance visible. SEEITEK's mission is making it visible(TM) and empowering you with transparency technology(TM) About SEEITEK's Founder and Managing Director - Peter Collins Peter has over 25+ years of commercial and industrial experience in operational performance efficiency. With an extensive career in senior roles in managing local and national contractor accounts in the commercialization of new and existing manufactured equipment & technology services to the commercial refrigeration & HVAC sector for iconic companies such as Kirby Refrigeration, Lennox, Heatcraft Australia & Actrol. Peter has extensive knowledge in smart facilities and buildings, energy management and IOT, as well as in national and international strategic sales and sales management in the APAC & Asia region. For more information contact Smartcool Ted Konyi CEO ted.konyi@smartcool.net www.smartcool.net SEEITEK Monika Karwan Communications & Marketing Director monika@seeitek.com.au www.seeitek.com.au Legal Notice Regarding Forward-Looking Statements This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include those concerning the Company's intent to conduct the Private Placement, its belief that the proceeds will be sufficient to pay to bring its financial statement and continuous disclosure filing obligations up to date, and its intent to file for a full revocation of the FFCTO and reinstatement of trading on the NEX Board of the TSX Venture stock exchange. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward-looking statements. Risks that may prevent or delay the forward-looking statements from coming to fruition as anticipated include investor interest in the Private Placement, the availability of working capital, regulatory risk and miscellaneous market factors that may increase costs. It is our policy not to update forward-looking statements except to the extent required under applicable securities laws. Further information on the Company will be made available from time-to-time at www.sedar.com or at the Company's website, www.smartcool.net. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.