August 29, 2017
SunTrac USA and Perfect Infraengineers Ltd. have announced their collaboration agreement to manufacture SunTrac’s Hybrid Climate Systems and Smart Panels, First of its kind in India, for distribution in the Indian and global markets. At a press conference held on 23rd August 2017 at the National Stock Exchange in Mumbai, Mr. Nimesh Mehta, Chairman & Managing Director (CMD) of Perfect, and Mr. Rich Cooley, Chief Executive Officer (CEO) of SunTrac USA, jointly addressed the media with details of this collaboration.
Perfect has been appointed the exclusive manufacturer of SunTrac systems in India and will be marketing and distributing SunTrac products under the “Perfect-SunTrac” name. With this collaboration, Perfect will be the only manufacturing unit of SunTrac outside of the USA. Perfect will be positioned to fulfill SunTrac’s global order flow, including the Middle East/North Africa regions, Australia and Asia.
The features and benefits of SunTrac Hybrid Climate Systems include:
A unique blend of superior energy efficiency with a renewable energy platform
Upgrades for new and existing cooling systems
Energy savings of 25% to 40%
Works with most major commercial brands and models
Provides the most energy efficient cooling solutions available
Provides savings on a 24-hour basis, while boosting humidity removal
Mr. Nimesh Mehta, CMD of Perfect, expressed his excitement with this new venture: “SunTrac is a forward-looking company that has successfully taken their innovative ideas, created cutting-edge technology and has gone to the market on a global basis. We look forward to producing MAKE IN INDIA SunTrac renewable energy products to benefit our partners, our customers, and our shareholders. We are sure that with SunTrac and Perfect quality products, customer satisfaction and continued innovation will always our shared focus.”
Rich Cooley, CEO of SunTrac, agreed, stating: “At SunTrac, we are extremely pleased to be partnering with Mr. Mehta and the entire Perfect Team for our expansion into India. We have a shared vision of manufacturing high-quality renewable products combined with world-class customer service, and our teams will be closely working together to execute on this vision.”
In their go-to-market strategy, Perfect and SunTrac are evaluating top air conditioning OEMs in India for partnership suitability, and expect to select a limited number of preferred partners in the near term. Perfect and SunTrac will work extensively with these partners to market, sell and install SunTrac solutions to residential and commercial customers throughout India.
About Perfect Infraengineers Ltd. (PIL)
Perfect Infraengineers Ltd. was incorporated in 1996 and is headquartered in Mumbai, India. Perfect is a provider of contract services, as well as supplier and installer of HVAC and MEP systems. Our clients include infrastructure developers, educational institutions, public sector entities, as well as commercial, industrial and hospitality facilities throughout India as well as the region. Perfect is an ISO:9001:2008 certified company, and is listed on the National Stock Exchange (EMERGE) in Mumbai, stock symbol “PERFECT”.
About SunTrac USA
SunTrac USA, located in Tempe, Arizona USA, is a privately-held company that manufactures and distributes Hybrid Climate Systems featuring their patented solar thermal panel system which is specifically designed for integration with residential & commercial HVAC systems. SunTrac systems utilize renewable solar thermal energy to create HVAC system energy savings of up to 40%. SunTrac’s revolutionary Solar Thermal Panel System creates affordable optimum thermal energy combined with precise temperature controls – an industry first!