SHERBROOKE, QC -- (Marketwired) -- 01/08/14 -- Novacab International Inc (OTC Pink: NVOB) is most pleased to announce the first of many projects for Molson - Coors Brewing Company commencing with their plant in Montreal. This initial installation is expected to generate revenues of $300,000 while the installation in the Vancouver plant shall exceed revenues of $900,000.
Roch Voyer, senior project engineer of Infrastructure and Utilities at Molson - Coors, states, "We shall engage our joint venture partner to develop a business process that is more energy efficient."
The Company shall use its patented Novanergy Technology that creates industrial high temperature thermal energy storage which will be integrated into the brewing process.
This process is based on the success of three installations projects in IBM plants in the past. IBM concludes that it saved a total of $500,000 per year in electricity costs using the state of the art Novanergy technology.
Stephane Bilodeau, president of Novacab, states, "We have been developing this technology for over 6 years with IBM which was one of our first industrial applications. The installation, and subsequent use of our system, has exceeded our expectations as well as the client's."
This project which Novacab designated as Enerstat received an award as reviewed on the IBM website: http://www.ibm.com/ibm/environment/news/enerstat_2007.shtml.
More updates are forthcoming.
About Novacab International Inc
Novacab's technologies are based on patent protected research developed since 1996 and are applicable in two main sectors, vehicles and buildings. The technology provides for thermal storage of electricity that is created from the flow of heat. These systems convert heat into electricity which can be stored for future use.
Among the companies that are using or are conducting pilot projects are IBM, L'Oreal, Molson-Coors, CBC, Bedcolab, BRP,KW1,Soteno,Intercef, Camblt, Cascade Energies, BAE Systems, Lockheed Martin, TM4, Novabus, Lyonnaise-des-eaux, Mia-Electric, Enbala and many others
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.