In Q4/18, Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) had its best quarter ever in terms of total sales, at CA$2.4 million plus, the company announced in a news release. Smartcool provides energy efficient and energy cost reduction solutions to businesses around the world.
"The sales funnel has continued to grow and we are seeing that advance into Q1/19 with many multilocation opportunities proceeding to roll out of our technologies," CEO Ted Konyi said in the release.
Along with the Smartcool sales team, Total Energy Concepts (TEC) continues to increase its sales. TEC, a division of Smartcool, also delivers energy-efficiency solutions but through power protection, energy management, power quality, facility grounding and lighting options.
Sales activity in the United Kingdom has been and remains robust, the company noted. In the United States, the extension of the REAP grant program to 2023 has contributed to uptake. A grant through REAP covers up to one-quarter of the cost of energy efficiency projects in rural areas.
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