Supports Braingrid and MGX/MGX Renewables previous announcement to co-develop and market a packaged energy
management product offering.
Toronto, Ontario--(Newsfile Corp. - February 5, 2019) - Braingrid Limited (CSE: BGRD) ("Braingrid"), a global provider of
affordable, scalable and easy-to-deploy sensor platforms for precision agriculture, is pleased to announce it has entered into a
strategic alliance agreement with TRAK International Green Energy Resources Inc. ("TRAK").
TRAK is an award-winning, cleantech Professional Engineering and Design/Build Construction firm with over 25 years' experience
in designing, building and financing some of the most innovative and energy-efficient HVAC and Refrigeration systems in North
America. They are experts in modular buildout, integrating and operating GeoExchange, on-site power generation, and other
sustainable energy solutions. Holding patents in heating and cooling methods, TRAK custom manufactures modular hydronic heat pump
systems and other energy transfer and regulation devices. TRAK creates customized Smart Energy Systems (SES) that can empower
owners and operators of precision agriculture indoor-grow properties with ideal environmental control, while being sustainably
energy cost efficient. The resulting comparative increase in production and the reduction in energy and maintenance operating costs
results in a cash boost and overall operation profitability.
"We are enthusiastic about our alliance with Braingrid," said Jeff Maxwell, P.Eng., CEO and President of TRAK. "The
TRAK Smart Energy System, coupled with Braingrid's technology, will further empower cultivators to optimize precision agriculture
by pre-determining the almost infinite variations and right amount of nutrients, water, lighting spectrum and intensity, heating,
cooling, humidity, air circulation, air volume changes, CO2, and other factors necessary to produce
high-yield, healthy crops."
"Real-time measuring and trending allow for predictive states and instant system changes and adjustments," said Michael
Kadonoff, CEO and founder of Braingrid. "That's why TRAK and Braingrid's combined offering is so important. Braingrid's
Sentrollers already capture key variables within a cultivation environment and by coupling this information with TRAK's systems
through our data science activities and powerful cloud architecture, we will collaboratively control critical parameters to
guarantee the crops are never at risk and that TRAK systems efficiently respond to provide the best production conditions."
Observing the consequences of inefficient or unresponsive grow settings is too late. Forehanded knowing is growing at its
best.
The three-year agreement enables a strategic collaboration whereby Braingrid will integrate its Sentroller technology and cloud
platform to identify areas for process improvement, give measure to design requirements, and then compatibly operate with the TRAK
Energy Management System (EMS) and SES to physically effect the results in real time. This will allow Braingrid to perform
real-time data-gathering, monitoring and analysis to make highly-effective environmental control a continually improving reality. A
variety of systems will be developed to analyze and control grow environments to microclimate levels, predict, validate and improve
energy savings, and perform situational consumables and equipment service and maintenance. TRAK will initially develop, market,
manage and record efficient, sustainable agribusiness grow facilities from a financial cost-savings and stringent environmental
control perspective. Longer-term objectives include using data science, machine learning and artificial intelligence for more
enhancements and semi-automated control of the grow space.
The parties intend to research, develop and execute projects to provide their respective services for new construction or
retrofit of intensive-energy use, precision agriculture, cannabis indoor grow, vertical farming and greenhouse facilities in Canada
and the United States. The goal is to fast track and introduce an unrivaled and complete turnkey solution for cannabis growers and
agricultural companies to significantly reduce their energy consumption and footprint. An overall energy cost reduction of more
than 50% is targeted. Braingrid's recently formed Strategic Partnership with MGX Minerals Inc. / MGX Renewables Inc. (see MGX Minerals' news release of October 24, 2018) to co-develop and market a
packaged energy management product offering may also play a significant role in this respect. This partnership aims to leverage
Braingrid's technology and MGX Renewables' modular energy storage systems, which provide scalable regenerative zinc-air flow
battery for low-cost mass storage of energy, to provide cannabis growers and agricultural companies with renewable energy
solutions.
Both strategic alliances with TRAK and MGX enable Braingrid to be at the forefront of pioneering unprecedented low-cost energy
reduction solutions for the cannabis and agricultural industries.
Media Contact:
Braingrid
Doug Harris
Chief Financial Officer
416-480.2488
ir@braingrid.io
TRAK
Mitchell Wilkie
Chief Strategy Officer
437.350.0322
mwilkie@trakge.com
About Braingrid:
Braingrid Limited (www.braingrid.io) is a global technology company
that provides an affordable, versatile and quick-to-install data acquisition and sensor integration platform for cannabis
cultivators. Capturing real-time data needed to increase revenues, reduce costs and risks, and connecting cultivators to their grow
on a microclimate level, Braingrid is also developing systems utilizing data science, machine learning and AI to deliver "smart"
controls and building management solutions for the precision agriculture and energy efficiency sectors.
About TRAK International Green Energy Resources:
TRAK (www.trakge.com) is a privately-owned, Kelowna-based,
international cleantech company offering sustainable, innovative HVAC/R Smart Energy Systems and Engineering Services to help
industrial, commercial, institutional and recreational property owners who are intensive energy users and want to improve their
facility and environmental controls.
About MGX Renewables
MGX Renewables Inc. has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles
and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for
low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.
Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system
that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel
tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In
addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at
different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other
types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no
separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.
FORWARD-LOOKING INFORMATION
This news release includes forward-looking information and statements, which may include, but are not limited to, information
and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans,
intentions, expectations, estimates, and beliefs of Braingrid and TRAK. Information and statements which are not purely historical
fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known
and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of
Braingrid and TRAK to be materially different from future events, results, performance, and achievements expressed or implied by
forward-looking information and statements herein. Such forward looking statements include statements regarding (i) the ability to
achieve the anticipated benefits of combining Braingrid and TRAK's technology, (ii) the achievement of the longer term objectives
associated with the strategic alliance, (iii) the ability to create an unrivaled and complete turnkey solution for cannabis growers
and agricultural companies to significantly reduce their energy consumption and footprint and the ability to achieve the targeted
overall energy cost reduction of more than 50% and (iv) the ability to complete a packaged energy management product with MGX
Renewables Inc. Although Braingrid and TRAK believe that any forward-looking information and statements herein are reasonable, in
light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can
be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof,
and except as required by applicable laws, Braingrid and TRAK assume no obligation and disclaim any intention to update or revise
any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ
from those projected in any forward-looking information and statements herein, whether as a result of new information, future
events or results, or otherwise, except as required by applicable laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42655
