MANCHESTER, N.H., April 7, 2011 /PRNewswire/ -- QED Connect, Inc.
(otc: QEDN), a New York
corporation ("QED Connect"), today announced that its partner in
Sofame Energy, Sofame Technologies, Inc. ("Sofame Technologies")
(TSXV: SDW) (otc: SFMGF), supplied the Percotherm® Condensing Stack
Economizer to the Pierre Boucher Hospital energy retrofit project
which received first prize in the 2011 Technology Awards by ASHRAE
(American Society of Heating, Refrigerating and Air-Conditioning
Engineers). This prestigious first prize was awarded to one of
Canada's largest
engineering-construction firms. The ASHRAE Prize is one of the most
coveted awards in the North American engineering community.
The ASHRAE Technology Awards recognize outstanding achievements
by members who have successfully applied innovative building design
in the areas of occupant comfort, indoor air quality and energy
conservation. A rehabilitation project for a new
hospital wing, operation block, and laboratories for the
Pierre-Boucher Hospital, Longueil Quebec, won first place in the
existing healthcare facilities category. The design team was able
to recover a large amount of energy that would have normally been
evacuated outside by combining low-temperature water loops with a
dual-compressor recovery chiller and a direct-contact condensing
stack economizer (Percotherm®) designed and built by Sofame
Technologies.
According to ASHRAE, the winning team's efficient design reduced
the hospital's energy consumption by 9% in the existing building
and 29% in the expansion, saving $210,000 per year in utility bills and reducing
greenhouse gas emissions by 1,152 tons per year. Global
efficiency in the boiler room increased from 80% to 93%.
Total project payback was 3.6 years.
Tom Makmann, President and CEO of
QED Connect, who has a degree in Mechanical Engineering, praised
Sofame saying, "We are ecstatic that Sofame has contributed to a
fifth project to merit an ASHRAE prize. Sofame's technology
and know-how is a necessity in today's market, especially in the
current economic and ecological environment. We continue to
support Sofame's efforts to begin realizing their growth potential
throughout the US marketplace. This will in turn help QED achieve
its business objectives for 2011."
About QED Connect, Inc.
QED Connect, Inc. is a New York
corporation holding company which makes acquisitions, investments,
and enters into strategic business partnerships. The Company
seeks businesses with strong potential which QED can assist in
achieving their plans and realizing their maximum potential.
This business model achieves the Company's goals and expands
its overall revenue and profits and diversifies through entry into
the multiple market segments. It is QED's intention to help
its partners and subsidiaries realize growth, and that growth
would, in turn, enhance QED's ability to increase shareholder
value. www.qedconnect.com
About Sofame Technologies Inc.
Sofame Technologies Inc. custom engineers and manufactures
unique, high-efficiency direct-contact industrial hot water systems
which extract up to 99 percent of heat from flue gases depending on
the application, and return the energy in the form of hot water or
pre-heated make-up air. Sofame's products help hospitals, food
processing plants, universities, central heating plants, utilities
and many more large energy consumers to significantly reduce fuel
costs and greenhouse gas emissions. Using world-leading, patented
green technology, Sofame serves industrial, institutional and
commercial markets through a network of dedicated engineering
representatives. For more information: www.sofame.com
Safe Harbor Statement
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
may be identified by the use of words such as "anticipate,"
"believe," "expect," "future," "may," "will," "would," "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of QED Connect, Inc., (the
"Company") to be materially different from those expressed or
implied by such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but
not limited to the Company's ability to: (i) obtain sufficient
capital or a strategic business arrangement to complete the Joint
Venture with Sofame and to fund QED's overall expansion plans; (ii)
build the management and human resources and infrastructure
necessary to support the growth of its Joint Venture with Sofame
and to fund QED's growth, generally ; (iii) successfully obtain and
fill potential Joint Venture product orders; (iv) generate
sufficient revenue and efficiently manage operations to obtain
profitability ; (v) competitive factors and developments beyond the
Company's control; and (vi) other risk factors.
SOURCE QED Connect, Inc.