Saint Petersburg, FL, April 27, 2015 (GLOBE NEWSWIRE) -- Infrax Systems Inc. (IFXY), a global provider of Internet of
Things and Smart Grid Technologies for the electric utility and
agricultural industries, announces the following important updates
on its business activities relating to its acquisition of HempTech
and its Smart Grid related project;
Agreements
On April 24, 2015 we signed two key agreements. First agreement
is with FutureLand Corp., to build indoor grow facilities and fully
implement HempTech's technology for all the required
infrastructure, including security, monitoring and management for
any grow facilities. The agreement is exclusive for a period of
five (5) years.
The second agreement is with Second Sun LLC, based in
California. This sales and representation agreement provides
exclusivity for representing HempTech's technology in California,
Oregon and Washington State.
Vendor Representation
We signed a dealer agreement with Current Culture H20. We became
an authorized retailer for all Current Culture products. Current
Culture is one of the premier provider of commercial hydroponic
solutions. CCH20 deep water undercurrent products are the
hydroponic systems we have integrated in our indoor grow builds. We
have also reached out to major cannabis industry leaders for
partnership potential. We also have been contacted by major vendors
and suppliers for joint opportunities.
Technology Solution Advancement on Infrax and HempTech
GrowCOMM Solutions Demo: We are currently building a demo unit
in our office facility to demonstrate many facets of our products.
We incorporated a 5x5 grow tent with Mithra intelligent LED light
and HempTech's SmartNergy control cabinet. We installed a complete
four module CCH20 hydroponic system. We've also installed sensors
from our SmartSense product portfolio and all these are tied to our
CaNNaLyTiX computer application software. This demo allows us to
demonstrate many of the features found in the full product range of
HempTech Corp to prospective customers.
Light Spectrum Animation: We completed the animation application
to demonstrate and control the light spectrum for our Mithra
Intelligence LEDs. This is also available in mobile format for
smart phones.
HIB on board 900 MHz Radio: The firmware of HIB's onboard radio
has been fully developed and integrated with the base HIB firmware.
This is currently being lab tested. This allows the board to be
used in a variety of Internet of Things applications both in the
Smart Grid space as well as in the Grow Industry.
We are the final process of the ANSI testing for the SNIC and
smart meters. The process will be short and is requires by our
partner, Itron. After the certification, we will complete the
internal testing process required by Itron in their labs for their
certification purposes.
Current and future Projects
We have signed an agreement with FutureLand to provide grow
technology to all their clients for a period of five years in
exclusive or first right of refusal basis. According to our current
signed agreement, HempTech will receive $2,280,000 per year in
revenue for providing grow technology to one grow facility in
Colorado. We plan to provide grow related technologies for multiple
grow opportunities alongside FutureLand in Colorado and other
states.
We have also been contacted on multiple project opportunities
all along the mid-west and west-coast of United Starts including
Nevada. We have initiated a substantial marketing campaign all
throughout the country and our state-of-the-art technologies have
produced great interest among nation's largest grow facilities.
We expect to provide grow technologies to up to five projects by
the end of 2015 in conjunction with our partnership with FutureLand
and Second Sun. Our financial proforma calls for 300% increase in
opportunities year in, year out. We expect increased revenue on a
year over year basis by 200% to 400%.
About Infrax Systems
Infrax Systems offers a series of interrelated operational
management, communications, and grid security related products and
services known as Secure Intelligent Energy Platform (SIEP). Our
products enable a comprehensive and unified solution for
communications and applications management of the Smart Grid.
SIEP(TM) incorporates a wide array of communications, security,
device and data management tools for Smart Grid applications such
as advanced metering solutions and grid optimization. SIEP platform
creates a unified solution to securely manage Advanced Metering
Infrastructure (AMI) and distribution automation. Infrax's secure
smart grid platform, incorporates a communications transport and
management system (GridMesh) device and data security management,
and ultimately secures intelligent endpoint devices (SIED). The
secure management of the "last mile" backhaul will be necessary for
utilities to implement Smart Grid applications including AMI,
real-time pricing, Demand Side Management (DSM), Distribution
Monitoring and Automation. When combined, these applications can
offer economic, operational and environmental benefits for
utilities, and ultimately the utility's customers.
To request further information about Infrax, please email us
atinfo@infraxinc.com, log onto our website
athttp://www.infraxinc.com or visit us at our Facebook
pagefacebook.com/infraxsystems or on Twitter @infraxsystems.
Forward-Looking Statements
This press release may contain forward-looking statements
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
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets. This
release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approval for
anticipated actions.
CONTACT: Media Contact;
Infrax Systems, Inc.
investors@infraxinc.com
facebook: infraxsystems
Twitter: @infraxsystems
727-498-8514
