March 24, 2005 New performance solution will offer cost savings of up to $1M at the RCM's Ottawa facility. Ottawa, Ontario -- The Royal Canadian Mint today announced that they have awarded Siemens Building Technologies, a division of Siemens Canada Limited, a contract to supply energy services. New energy services will reduce extensive costly maintenance, with potential cost savings of up to $1M annually. As part of the RCM's plans to increase efficiencies in their offices and manufacturing facility, Siemens is supplying new chillers and boilers, replacing old air compressors with new energy efficient ones. Siemens will also provide two new supply air units with variable air volume terminal boxes that replace older fan coils. The agreement will also see the replacement of an exhaust filtration unit with a modern filtering unit in the Mint's process operation. "The Royal Canadian Mint was looking into ways to become a more energy-efficient institution, to create a comfortable environment for our employees, and reduce energy-related expenses", said David C. Dingwall, President and C.E.O. of the Royal Canadian Mint. "We are delighted to work with Siemens Canada towards the achievement of these objectives." "We are pleased to be able to provide the Royal Canadian Mint with these unique energy saving components in this high security environment," said Dr. Albert Maringer, President & CEO of Siemens Canada. ¿It was our goal to provide the most innovative solutions to reduce future energy costs and provide a new infrastructure program which will reduce overall maintenance requirements at the Mint." The implementation of the project began in January 2005 and is expected to be completed in 18 months. During this period, Siemens and the RCM will work closely with each other to ensure all the components are integrated seamlessly into the existing process. About The Royal Canadian Mint The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown Corporation responsible for the minting and distribution of Canada's circulation coins. In operation since 1908, the Royal Canadian Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Royal Canadian Mint, its products and services, visit www.mint.ca. About Siemens in Canada Since 1874, no other company in Canada has provided a wider range of solutions, products and services in health care, information & communications, energy & power, industry & automation, transportation and lighting, than Siemens. For more than 130 years, Siemens has had an extensive involvement in the building of Canada's infrastructure and leading Canada's industrial development. In Canada, Siemens is a multi-billion dollar company headquartered in Mississauga, Ontario, with more than 6,600 employees located in 73 offices and 9 manufacturing facilities. - 30 - For information, please contact: Royal Canadian Mint Pam Aung Thin (613) 993-5092 aungthin@mint.ca Siemens Canada Limited DL Leslie (905) 819-5926 dl.leslie@siemens.ca
