SustainCo Inc. Announces a Contract Award of Over $600,000 to VCI Controls Inc. for Canadian Forces Base Petawawa
March 20 2014 - 8:00AM
Marketwired Canada
SustainCo Inc. (the "Company" or "SustainCo") (TSX VENTURE:SMS) is pleased to
announce that VCI Controls Inc. ("VCI") has been awarded a contract from Defence
Construction Canada to provide a bundle of integrated energy services for an
energy retrofit of Building Q-103 Garrison Petawawa, Ontario, Canada including
the decommissioning of its boiler and upgrading the HVAC and exhaust system.
SustainCo received conditional approval from the TSX Venture Exchange (the
"Exchange") to acquire VCI, and final approval is subject to the Exchange's
review of final documentation.
"This contract award is an ongoing part of VCI's offering and further promotes
SustainCo's broader platform of providing fully integrated solutions and
services around building and facility energy performance", stated Emlyn David,
CEO of 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 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.
Neither the Exchange, nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein.
FOR FURTHER INFORMATION PLEASE CONTACT:
SustainCo Inc.
Emlyn David
President, Chief Executive Officer and Chairman
(416) 840-5002
www.sustainco.ca
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