TORONTO, ONTARIO–(Marketwire – Feb. 9, 2009) – The Consumers' Waterheater Income Fund (the "Fund"), (TSX:CWI.UN) today announced that its wholly-owned subsidiary, Stratacon Inc. ("Stratacon"), signed an Energy Services contract with GWL Realty Advisors Inc. to provide electricity sub-metering services for a 329 suite multi-residential property in Toronto. "This agreement speaks to the increasing demand for energy conservation through sub-metering and Stratacon's growth potential," said John Macdonald, President and Chief Executive Officer. "We look forward to providing GWL Realty Advisors' tenants with the same level of quality service enjoyed by all of our customers." In August 2008, the Fund acquired Stratacon to provide additional growth and entry into markets across Canada. Stratacon is engaged principally in providing the equipment and services to allow "smart" sub-metering and remote measurement of electricity, heat and water consumption in individual units in apartment buildings and condominiums. The equipment and services are provided under long-term contracts with customers. About The Consumers' Waterheater Income Fund The Fund owns a portfolio of approximately 1.4 million installed water heaters and other assets, rented primarily to residential customers in Ontario. The Fund also owns Stratacon Inc., a leading "smart" sub-metering company, with metering contracts for approximately 45 thousand condominium and apartment suites in Alberta, Ontario and elsewhere in Canada. Additional information regarding the Fund, including its current Annual Information Form is available on SEDAR at www.sedar.com. About Stratacon Founded in 1997, Stratacon is engaged principally in providing the equipment and services to allow "smart" sub-metering and remote measurement of electricity, heat and water consumption in individual units in apartment buildings and condominiums. For additional information on Stratacon, please visit www.stratacon.ca.
For further information: The Consumers’ Waterheater Income Fund
Steve Bower
CFO
(905) 943-6292
Email: [email protected]
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