Members of Anges Québec invest in SCL Elements and in CAN2GO solutions
Montreal, April 14, 2011 – Anges Québec proudly announces funding for Montreal-based SCL Elements, which has developed CAN2GO building automation energy efficiency solutions, through a group of 11 private investors, including Yves Racine, President of Blizzard Technologies Inc.
SCL Elements have developed breakthrough solutions for managing all of a building’s systems, including lighting, ventilation, heating and air conditioning, with a single controller. These optimizations generate big energy savings and cut operating costs without affecting the comfort of occupants. CAN2GO solutions cover electrical, industrial, Internet and wireless standards, earning them an Innovation Award at the 2011 AHR Expo, the biggest industry trade show in North America.
Funding from Anges Québec will speed up the commercialization of this cutting-edge product in an expanding market. As entrepreneur Simon Leblond of SCL Elements pointed out, “Rapidly growing companies like ours often need an injection of capital at the right time to keep up the pace. The experienced investors at Anges Québec recognized an opportunity and acted on it. With this funding, we can increase production to meet the strong demand and open new markets by outstripping the competition.”
The angel investor behind the project, Yves Racine, will sit on the SCL Elements board of directors. Formerly the director of international business development with Cooper Power Systems and cofounder of Cybectec, his comprehensive knowledge of the control and energy efficiency industries will give added value to the investment. Mr. Racine was impressed by this innovative product that is perfectly attuned to today’s market, “Cutting energy consumption and costs has become a major issue for companies not only across North America, but worldwide. This dynamic young company, and the potential of a product that provides an effective solution to energy savings, convinced me to invest in the project.”
The Vice President of Anges Québec, André Forest, added, “Anges Québec is pleased to be able to make a difference for entrepreneurs who dare to innovate. SCL Elements have exactly the kind of inventive products with strong potential for marketing on a large scale that meet Anges Québec investment criteria. These are the kinds of projects we are on the lookout for.”
Anges Québec is a network of 70 private investors that identifies, finances and coaches innovative Québec enterprises with high growth potential. Anges Québec members invest their capital and expertise in the most promising start-up companies. In this capacity, Anges Québec works closely with a number of Québec leaders in the development and growth of technological innovations.
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Tel.: 514 642-1001
|SCL Elements / CAN2GO
Director of Communications
Tel.: 514 313-8885