$SSC.V / $SSCFF Smartcool Total Energy Concepts
Post# of 4481
Smartcool Total Energy Concepts Buyout SSCFF / SSC.V
Vancouver-based energy tech company Smartcool Systems (TSX-V: SSC)(OTCPK: SSCFF) is aiming to acquire privately-owned Total Energy Concepts (TEC), a distributor of Smartcool and other energy products headquartered in Baxter, Minnesota.
The deal was first announced in March, with some opaqueness surrounding a few details, details that seem to have been hammered out now moving the companies one step closer to a merger.
TEC's product bag includes a holistic energy solutions for commercial and industrial businesses, schools, governments and more to help companies and organizations save money while taking a proactive approach towards the environment.
These products include not only the Smartcool offerings, but also products proprietary to TEC, such as Power Factor Correction equipment (PFC), Voltage Conditioning Units (VCU) and Intelligent Generator Optimization Systems (IGOS).
The agreement postulates that Damian Smith, founder and CEO of TEC, will serve as the top executive of a new TEC division of the Smartcool group of companies.
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