KINGSTON, Jamaica – Appliance Traders Limited (ATL) Thursday (June 6) launched a first of its kind eco-store in Jamaica.

The new energy-exclusive retail outlet is located in Manor Park Plaza in St Andrew and marks ATL’s continued expansion into the alternative energy space following the launch of its Energy Solutions division in April this year and the introduction of its own ‘Eco-Smart’ electronics-efficiency certification.

Teaming up with long-standing partner Panasonic, as well as Israel’s top solar water heater provider Nimrod, the ATL Eco-Store boasts the latest ‘green’ technology from the Panasonic inverter product line including air conditioners and refrigerators, Panasonic

The price of oil edged higher Monday as tension increased between Syria and Israel.

The benchmark oil contract for June delivery rose 55 cents to close at $96.16 per barrel on the New York Mercantile Exchange. It was the third straight day of gains for oil, and the first close above $96 since April 2.

Prices rose early Monday on news of an Israeli military strike in Syria, raising concern of an expansion in conflict in the oil-rich Middle East. The price fell back below $95 before rising again late in the day.

Brent crude, which is the benchmark for international oil varieties and more susceptible to news from the Middle East, gained $1.27 to $105.46 per barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex, wholesale gasolene rose 4 cents to $2.87 a gallon, heating oil rose 4 cents to $2.92 a gallon and natural gas fell 3 cents to $4.01 per 1,000 cubic feet.

– AP

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ATL Assistant Deputy Director Ian Neita (left) seals the deal with a handshake with Nimrod's Export Manager Mario Waisman after signing an exclusive agreement in which Appliance Traders Limited will serve as Nimrod's agent to distribute its solar technology in Jamaica. - CONTRIBUTED
ATL Assistant Deputy Director Ian Neita (left) seals the deal with a handshake with Nimrod’s Export Manager Mario Waisman after signing an exclusive agreement in which Appliance Traders Limited will serve as Nimrod’s agent to distribute its solar technology in Jamaica. – CONTRIBUTED

Appliance Traders Limited (ATL) announced Thursday that it will exclusively distribute solar water heaters from Israeli supplier, Nimrod Industries Limited.

It forms part of ATL’s new thrust to offer energy-efficient solutions to Jamaican homes and businesses.

“There has been a prominent call for homes and businesses to ‘go green’ with several local government agencies and financial institutions supporting ventures in alternative energy. With the Nimrod distribution, ATL is bringing the best of Israel’s solar technology to Jamaican shores,” said ATL’s Energy and Engineering Manager Paul Grey in the release.

ATL said that the Nimrod product ideally captures natural light whilst protecting against rust which develops after exposure to ‘hard water‘.

“In the Caribbean, we are prone to ‘hard water’ – that is water with mineral elements. Nimrod coats their piping with enamel which prevents mineral deposit build-up and ultimately extends the life of the heater, ensuring savings for customers,” said Grey. “We are pleased that Nimrod has chosen to permeate the Jamaican market. We think the time is right and that Jamaicans are ready to invest,” Grey stated.

ATL is owned by Gordon ‘Butch’ Stewart.

Solar water heaters have grown in popularity since the 1990s, especially within resorts as a means of reducing electricity costs.

ATL will be going up against companies such as longstanding player Isratech Jamaica, which also distributes solar heaters in partnership with an Israeli company, Chromagen.

Isratech Jamaica has, since the 1990s, imported the finished water heaters for local sale but this month announced plans to start local production of heaters. It will import the components from Chromagen and assemble the heaters at its plant at Kendal in Mandeville once it finalises a J$15-million plant expansion.

The terms of ATL’s deal with Nimrod were not disclosed, neither did ATL respond to requests for comment up to press time on the type of investment and infrastructure that will surround its new product line.

business@gleanerjm.com

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