Following the recent announcement of TICA’s 100% ownership of Smardt, Mr. Jiang Li, Chairman of the TICA Group and Smardt’s Board of Directors, announced Ashraf Abdalla as the new Chief Executive Officer of Smardt succeeding Vince Canino.

“As we look forward to propelling Smardt upward to the next level and utilizing improved business models for the group, I am pleased to announce Ashraf Abdalla as the new CEO of Smardt,” Mr. Jiang stated. “Ashraf will head the transformation of Smardt, ensuring the achievement of our longterm goals and will report directly to the board.”

Vince Canino will lead a new business unit within Smardt that will accelerate the introduction of TICA’s products and develop new business models for green solutions for the North American market.

About Smardt

Smardt, the Canadian-based global leader in oil-free chillers, was founded in 2005 by Roger Richmond-Smith, has global research and development and global manufacturing operations in Montreal, New York, Melbourne, Guangzhou, Nanjing, and Stuttgart, and sales and service operations covering the Americas, Asia-Pacific, Australia, China and EMEA.

TICA, established in 1991, integrates research and development, manufacturing, sales and service to offer total system solutions in the HVAC and green energy sectors. TICA manufacturing bases are located in Nanjing, Tianjin, Guangzhou, Chengdu and Kuala Lumpur, with research and development centers in China, Japan, Italy, Australia and Canada as well as over 100 sales and service outlets in China, Japan, Italy, Australia and Canada.