We completed a very successful test demonstration at the Banco de Nationale branch in Jaco last year. It has taken this long to expand the installation base to Banco Popular and Banco de Costa Rica, as well as to other properties.
Huntington Beach, CA (PRWEB) August 06, 2012
Greenway Design Group, Inc. (GDGI.PK) today confirmed that it has received a $49,100 (USD) order for Cool-n-Save equipment from its ESA dealer in Costa Rica to fill installation requests for branch offices of Banco Popular and Banco de Costa Rica.
"This is a 'first-round' order from the dealer," says Ben Lefrancois, president and CEO of Greenway. "We completed a very successful test demonstration at the Banco de Nationale branch in Jaco last year. It has taken this long to promote the test results and expand the installation base to Banco Popular and Banco de Costa Rica, as well as to other properties. Going forward, I anticipate that our business in Costa Rica will continue to grow."
Lefrancois also commented on the duration between test demonstrations and sales. "Keep in mind that although we consistently show high performance results for Cool-n-Save, we are subject to the same kinds of budgeting issues as are all building improvements. Owners and managers schedule such expenditures a year or more into the future. The company is just now starting to reap the benefits of positive test results from previous years - especially in places like Mexico, Costa Rica and Korea - but also here in the U.S."
Back in November 23, 2011, the company announced the results of a study that included field data from a demonstration test conducted for Banco de Nationale. The data helped the company show that relative humidity had little impact on Cool-n-Save’s ability to reduce energy consumption of standard commercial air conditioning systems. The baseline data came from another field test at a major data center in Las Vegas, NV.
The field test in Las Vegas was conducted when relative humidity was below 34% and temperatures were well above 95°F with average energy savings of 26.2%. In Jaco, Costa Rica, the relative humidity topped 90% while the average outdoor temperature was 85°F, with an average 21% in energy savings.
“Taking into account the difference in temperature, our expectation is that Costa Rica will see 25% in energy savings when temperatures reach 95°F,” says Darius Jakubik, senior vice president of the company. “Therefore, if relative humidity has any effect on Cool-n-Save performance, it must be very small.”
About Greenway Design Group, Inc.
Greenway markets their pre-cool technology under the trademark “Cool-n-Save.” Field studies show that Cool-n-Save evaporative pre-cooling systems may produce energy cost savings as high as 30%, with an average savings of about 26% from air conditioning use during peak heat seasons. The company also received a “green engineering” award from TechAmerica/Harvey Mudd College in 2011. For more information, call 714-892-0011 or visit http://www.coolnsave.com and http://www.greenwaydesigns.com.
This press release contains “forward-looking statements.” Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial and managerial resources, our inability to market and sell our limited product line in sufficient volumes that may allow us to achieve and maintain profitability and positive cash flow, the uncertainty of market trends, the intense competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.