SmartCool Systems Inc. (TSX-V: SSC) is a Vancouver-based company delivering cutting edge energy efficiency and cost reduction solutions for businesses around the world. The combined factors of rising energy costs, increased environmental awareness, availability of financial incentives and rebates, and the ever-present need to minimize operating expenses, have all created an ideal global market for Smartcool's energy efficiency solutions. SNNLive spoke with Ted Konyi from SmartCool at the LD Micro "Main Event" 2014 in Bel Air, CA.
Mr. Konyi begins with an overview of the company, “SmartCool is really simple: it’s a compressor optimization technology that’s just software. It’s understanding the thermodynamic cycle of a compressor and by understanding that, better controlling the compressor so it saves energy, energy efficiency for air conditioning and for refrigeration.”
He continues, “This company got started actually twenty years ago with a refrigeration engineer. I got involved as the founder and acquired the technology ten years ago and this company now has focused from – gone from focusing on commercial industrial to now we’re moving towards to the residential. Of course with technology having improved, our costs have dropped thanks to faster CPU, smaller CPUs, cheaper CPUs and utility rates have done the other thing, they’ve gone up.”
He concludes by saying, “All the WiFi thermostats that are now being implemented at the residential level, all have the ability to give us the information that we require to process through our algorithm and send a control signal back wirelessly to those thermostats. So the opportunity for us is to grow this business by putting our app in the cloud as opposed to an actual piece of hardware that we've been installing today.” For more information, check out their website: www.SmartCool.net
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