SAINT PETERSBURG, FL--(NewMediaWire - May 24, 2017) -
HempTech Corp. (OTC PINK: HTCO), a provider of advanced Controlled
Environment Agriculture (CEA) with sophisticated automation and
analytical tools for the agricultural industry including legal
medical cannabis, announces today that its board of directors has
decided to split the company into five separate units or divisions.
The decision was based on the current growth of the cannabis
industry and structural inefficiency within the company to cater to
this growth. The five separate units will consists of:
Consultant Services Unit - GrowComm Engineering &
Consulting
Engineering & Consulting Services for commercial or
industrial cannabis cultivation. HempTech's GrowComm provides
customized engineering & consulting solutions for cannabis
growers anywhere, specializing in the engineering, design, and
construction of fully automated cannabis grow facilities with
advanced Controlled Environment Agriculture.
Software & Technology Unit - CognetiX, Verecis,
GrowFacility
CognetiX™ is a software platform that integrates all available
plant and business data into an intelligent high performance,
real-time, distributed grow control platform. Information from
various components such as sensors, HVAC, lighting etc., are
collected by the central server, analyzed, and displayed in real
time via customized dashboards. CognetiX delivers active controls,
data collections and management, extensive analytics and fault
detection. Verecis provides seed to sale tracking system and
inventory management.
Cultivation Automation Unit - Grow.Droid, Automated
Commercial Grow Systems
The grow.droid is a self-contained, turnkey, fully-automated
commercial grow system engineered for growing cannabis. The
grow.droid augments the master grower for on-site management of the
plants. It is specially engineered and integrated with indoor grow
systems and provides a software platform (by CognetiX) that
maintains set profiles and conditions for optimal growth and cycle
performance. The grow.droid can be scaled based on growing needs
and the size of the grow area.
Cultivation Products Unit - HempTech Agripods, AgronetiX
Fresh Harvest, Mithra
Agripods (or AgriTents) are fully automated, commercial grow
system, specially engineered from a shipping container or a tent.
It provides a variety of grow options such as nursery, veg/flower
room or dry/cure facility or a combination of all the three. The
adaptive nature of the Agritainers extends the grow season by
allowing indoor or outdoor growing in any climate.
AgronetiX will be designing, manufacturing and marketing leafy
green grow containers under the brand "Fresh Harvest™". Fresh
Harvest branded automated grow containers will be a self-contained,
fully automated, vertical hydroponic farming system for leafy
greens with LED lighting, environmental sensors for temperature,
water, CO2, and pH control, a nutrient dosing system, and computer
software for remote monitoring of the produce cycle and creation of
historical data to consistently produce repeatable high yields.
Energy Management Unit - SmartEnergy
SmartEnergy is an advanced energy management and control system
designed and customized for the indoor agriculture industry.
SmartEnergy manages and precisely controls the energy use of the
grow facility to optimize the environment while minimalizing energy
costs. SmartEnergy can help to save between 5% and 25% annually on
utility bills. Powerful analytics software looks at data from
advanced environmental sensors, located throughout the interior and
exterior facility environment.
"Splitting HempTech into five separate units will allow the
Company to unlock growth and bring greater efficiency to its
business model. It will also allow the Company to cater distinct
products and services to the multiple segments of the cannabis
marketplace hence creating more diverse revenue path and assured
profitability," Mr. Verghese, COO of HempTech, stated.
HempTech is committed to bring cutting edge technology to
cannabis growers everywhere. Through the perfect blend of
technology and human experience, HempTech brings you the best in
automation technologies, smart cultivation tools and business
software solutions.
For more information on products offered by HempTech, please
contact: info@hemptechcorp.com.
About HempTech Corp.
HempTech Corp. (OTC PINK: HTCO), a Nevada corporation, is a provider of
advanced Controlled Environment Agriculture (CEA) with
sophisticated automation and analytical tools for the cultivators
of legal industrial hemp and cannabis. We design and engineer
specialized products using advanced sensors, process control
techniques, big data aggregation, analytics and security solutions
so cannabis growers can easily and effectively control every aspect
of their operation. Through HempTech technologies, virtually every
component of the plants' vegetative growth matrix and flower
harvest is automated, documented and available in visible format
both in real time and historically. This simplifies operations and
ensures that the baselines set by the master grower are adhered to
by the cultivation staff.
The Intelligent Automation Technology engineered for
agricultural operations featuring CognetiX Cultivation Automation
& Analytic Software drives improvement in productivity,
efficiency, quality and sustainability. This industrial grade
advanced Controlled Environment Agriculture (CEA) with analytical
technology software, is being made available to small and large
size cultivators that are not yet available in the Cannabis market.
HempTech's goal is to provide cost effective and efficient
cultivation of indoor cannabis through intelligent technologies and
process control platforms.
HempTech's mission is to establish a reputation in the cannabis
industry as a one-stop-shop that provides all the infrastructure
elements required by growers in a manner that is fully integrated,
state-of-the-art, and secure. Products include the SPIDer™ (Secure
Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and
analytics dashboard CognetiX™ through which HempTech Corp. provides
growers unparalleled data analysis capabilities to Know Your Grow!
HempTech -- America's Future Taking Root Today.
To request further information about HempTech, please email us
at info@hemptechcorp.com, log onto our website
at http://www.hemptechcorp.com or visit us at
our Facebook page https://www.facebook.com/hemptechcorp or
on Twitter @hemptechcorp.
Forward-Looking Statements
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covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
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obtain financing and regulatory and shareholder approval for
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