|By Marketwired .||
|March 31, 2014 05:18 PM EDT||
CANDIAC, QC -- (Marketwired) -- 03/31/14 -- Novacab International Inc. (OTC Pink: NVOB) (PINKSHEETS: NVOB) is pleased to announce, the Pilot Project with Papineau Transport International using the Novacab System. The fuel economy, using the Novacab System having been validated by Transport Canada, this specific Pilot project is monitored by a telemetric system.
Papineau Transport International and immediate affiliates manages more than 100/175 combined Class 8 trucks just at one Hub. Following the positive results of the fuel economy with the use of the Novacab System, a proposal for the retrofitting addition of the Novacab system is to be elaborated. For the Papineau International Transport and immediate affiliates at this Hub, this represents a potential of $2,000,000 in retrofitting over the next 3 to 4 years.
Once the results of the savings of the Papineau Transport trucks using the Novacab System have been tabulated, the information of the savings will be readily transmitted to all members of the Group, therefore increasing the potential of retrofitting to all the Group.
Papineau is also a member of Transforce Group working with and/or supervising 20+ transport companies. The possibilities of retrofitting all trucks overseen by Transforce Group, 1,000 / 1,200 trucks, is also on a period of 3 to 4 years. Please note that for all their trucks 80 % travel to the United States.
Papineau Transport International is also Environmentally Responsible following same guidelines implemented by the Transforce Group.
Novacab International also announces the opening of our first Regional Office in Palm Springs California. The opening should be in the month of April 2014.
We will be strategically located at the Courtyard at Palm Springs on 777 Tahquitz Canyon Way Blvd. Palm Springs, CA 92262
The decision for Palm Springs as the first Regional Office stems from a large number of clients, interested in pursuing negotiations for both our Novacab Systems (Thermal Energy Storage), Novacab Automotive (TES) and Novacab Commercial, Industrial and Institutional Stationary (TES/S).
More updates are forthcoming.
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.