Enerdynamic Hybrid to JV with Growratio for cultivation
2019-04-04 07:46 ET - News Release
Mr. John Gamble reports
ENERDYNAMIC HYBRID TECHNOLOGIES ANNOUNCES MOU WITH GROWRATIO INC.
EnerDynamic Hybrid Technologies Corp. has signed a memorandum of understanding (MOU) with Growratio Inc. based in Toronto.
Growratio is a provider of intelligent software and hardware for precision indoor agriculture, including advanced control systems, rich sensor networks, energy efficient lighting, and operational support tools powered by a highly scalable and robust cloud platform.
The MOU between EHT and Growratio states that over the next 10 days they will work to form a joint company that will utilize EHT's Enertec Wall Panels, Lightweight Solar and off grid technology in an Agricultural Grow Unit with Growratio's superior cultivation technologies.
"Growratio's vision is to utilize advanced technology to help vertically integrated cultivators achieve more with less," says Paolo Pincente, CEO of Growratio Inc. "It's no secret that sprawling controlled environment agriculture operations use massive amounts of energy both in Canada and abroad. Given the recent news that Canada's climate is warming at twice the global rate, integrating renewables not only makes good business sense by reducing costs, but is critical to our future."
John Gamble, CEO of EHT, commented "The combination of our two technologies into one unit is truly unique in the marketplace, the possibilities for cultivators are endless."
About EnerDynamic Hybrid TechnologiesEHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. EHT's expertise includes the development of its ENERTEC module structures with full integration of smart energy solutions. Using a proprietary skin and foam core that is stronger than traditional wood or steel structural insulated panels, EHT provides exceptional thermal energy efficiency in modular homes, cold storage facilities, residential/commercial out buildings and emergency/temporary shelters. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. In addition to traditional support to established electrical networks, ENERTEC buildings excel where no electrical grid exists.
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