Novacab International Inc. (OTC Pink: NVOB) Announces the Establishment of a Sales and Service Center
January 16 2014 - 4:45PM
Marketwired
Novacab International Inc. (OTC Pink: NVOB) Announces the
Establishment of a Sales and Service Center
SHERBROOKE, QC--(Marketwired - Jan 16, 2014) - Novacab
International Inc. (OTC Pink: NVOB) is pleased to announce the
acquisition of an industrial building to be used for the
installation and service of its products. The building is situated
in Sorel-Tracy, Quebec, Canada, approximately 38 miles from
metropolitan Montreal. The site was chosen because it is situated
on the heavily travelled truck route between Montreal and the US
border. The cost of the acquisition of the real estate and
equipment and new inventory is $1,400,000.
For Novacab (Automotive applications), there are 150 units
currently installed at an average unit price of $15,000.00. These
units have been used for three years without problems and provide
yearly fuel savings of up to $ 7,000.00. There is also a
reduction of C02 emissions and other gases as well as a
prolongation to the engine's life of an additional 200,000
miles.
These outstanding results were monitored and validated by
independent sources such as Transport Canada, in 2003; this system
won the AQME Gala Enertia trophy in the category of Transport.
The technology provides for the creation of electricity from the
flow of heat in the cooling system of vehicles. This electricity is
stored in a modular unit in the vehicle and will supply air
conditioning and heating needs for 6 to 10 consecutive hours
without running the engine.
This technology is a natural solution for long distance trucks
with sleeper cabs and it targets 500,000 Class 8 trucks with
sleeper cabs out of a fleet of 2,400,000 Class 8 trucks in the USA
and Canada. Furthermore there are 125,000 new Class 8 vehicles
built every year in North America.
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.
Forward-Looking Statements 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.
Contact: Donna Giroux donna.giroux123@gmail.com
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