DENVER, Aug. 27, 2012 /PRNewswire/ -- FusionPharm,
Inc. (OTC: FSPM), the developer of the patent pending
PharmPods™ hydroponic cultivation system, today
announced that due to the worldwide attention garnered by
VertiFresh LLC, the company has received multiple inquires and has
begun negotiations with several potential licensees for its
PharmPods technology. VertiFresh, a Denver-based urban farming company, began
delivery of produce grown using PharmPods earlier this month and
has been the subject of several widely distributed articles and
natural products blogs. Due to the overwhelmingly positive customer
response, VertiFresh is now in the process of expanding its Denver
PharmPlex facility by adding 15 additional PharmPods.
"We are extremely pleased with the initial customer response
VertiFresh has received and the increasing demand for locally-grown
produce," said Scott Dittman,
president and Chief Executive Officer of FusionPharm. "VertiFresh
is proof of concept of PharmPods as a viable and valuable medium
for growing premium quality produce in an urban environment. We
have received inquiries from potential partners in the U.S.,
Europe and Latin America and are actively pursuing
agreements that will hopefully mark the beginning of a major
expansion phase for FusionPharm. We plan to license our PharmPods
technology to a select number of hydroponic produce growers that,
like VertiFresh, have that have expertise and established networks
within the natural foods industry, ultimately bringing our
PharmPlex concept to communities worldwide."
"We have significant experience with hydroponic growing systems
and will work closely with licensed partners to validate the
performance and cost attributes of our PharmPods system. We believe
our PharmPods provide a unique platform for sustainable
locally-grown produce production, which ultimately benefits the
health conscious consumer and the environment," noted Mr.
Dittman.
About FusionPharm, Inc.
FusionPharm, Inc. was organized to capitalize on opportunities
present in the rapidly growing the $26
billion organic food industry. FusionPharm's primary focus
is the development and deployment of the patent pending
PharmPods™ advanced hydroponic cultivation systems.
PharmPods are constructed from standard ISO steel shipping
containers that are repurposed for use in indoor plant cultivation.
Using advanced LED lighting technology, cutting edge growing media
and proprietary cultivation techniques, a single forty foot
PharmPod is capable of growing more produce than one full acre of
traditional agriculture in less than half the time using 90% less
water than traditional agriculture and no harmful pesticides or
herbicides.
NOTES ABOUT FORWARD-LOOKING STATEMENTS: Except for any
historical information contained herein, the matters discussed in
this press release contain forward-looking statements that involve
risks and uncertainties, including those described in the Company's
Securities and Exchange Commission reports and filings. Certain
statements contained in this release that are not historical facts
constitute forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, and are intended
to be covered by the safe harbors created by that Act. Reliance
should not be placed on forward-looking statements because they
involve unknown risks, uncertainties and other factors, which may
cause actual results, performance or achievements to differ
materially from those expressed or implied. Forward-looking
statements may be identified by words such as estimates,
anticipates, projects, plans, expects, intends, believes, should
and similar expressions and by the context in which they are
used.
Such statements are based upon current expectations of the
Company and speak only as of the date made. The Company undertakes
no obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are made.
Contact:
FusionPharm, Inc.
info@fusionpharminc.com
SOURCE FusionPharm, Inc.