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Saint Petersburg, FL, April 27, 2015 (GLOBE NEWSWIRE) -- Infrax Systems Inc. (IFXY), a global provider of Internet ofThings and Smart Grid Technologies for the electric utility andagricultural industries, announces the following important updateson its business activities relating to its acquisition of HempTechand its Smart Grid related project;
On April 24, 2015 we signed two key agreements. First agreementis with FutureLand Corp., to build indoor grow facilities and fullyimplement HempTech's technology for all the requiredinfrastructure, including security, monitoring and management forany grow facilities. The agreement is exclusive for a period offive (5) years.
The second agreement is with Second Sun LLC, based inCalifornia. This sales and representation agreement providesexclusivity for representing HempTech's technology in California,Oregon and Washington State.
We signed a dealer agreement with Current Culture H20. We becamean authorized retailer for all Current Culture products. CurrentCulture is one of the premier provider of commercial hydroponicsolutions. CCH20 deep water undercurrent products are thehydroponic systems we have integrated in our indoor grow builds. Wehave also reached out to major cannabis industry leaders forpartnership potential. We also have been contacted by major vendorsand suppliers for joint opportunities.
Technology Solution Advancement on Infrax and HempTech
GrowCOMM Solutions Demo: We are currently building a demo unitin our office facility to demonstrate many facets of our products.We incorporated a 5x5 grow tent with Mithra intelligent LED lightand HempTech's SmartNergy control cabinet. We installed a completefour module CCH20 hydroponic system. We've also installed sensorsfrom our SmartSense product portfolio and all these are tied to ourCaNNaLyTiX computer application software. This demo allows us todemonstrate many of the features found in the full product range ofHempTech Corp to prospective customers.
Light Spectrum Animation: We completed the animation applicationto demonstrate and control the light spectrum for our MithraIntelligence LEDs. This is also available in mobile format forsmart phones.
HIB on board 900 MHz Radio: The firmware of HIB's onboard radiohas been fully developed and integrated with the base HIB firmware.This is currently being lab tested. This allows the board to beused in a variety of Internet of Things applications both in theSmart Grid space as well as in the Grow Industry.
We are the final process of the ANSI testing for the SNIC andsmart meters. The process will be short and is requires by ourpartner, Itron. After the certification, we will complete theinternal testing process required by Itron in their labs for theircertification purposes.
Current and future Projects
We have signed an agreement with FutureLand to provide growtechnology to all their clients for a period of five years inexclusive or first right of refusal basis. According to our currentsigned agreement, HempTech will receive $2,280,000 per year inrevenue for providing grow technology to one grow facility inColorado. We plan to provide grow related technologies for multiplegrow opportunities alongside FutureLand in Colorado and otherstates.
We have also been contacted on multiple project opportunitiesall along the mid-west and west-coast of United Starts includingNevada. We have initiated a substantial marketing campaign allthroughout the country and our state-of-the-art technologies haveproduced great interest among nation's largest grow facilities.
We expect to provide grow technologies to up to five projects bythe end of 2015 in conjunction with our partnership with FutureLandand Second Sun. Our financial proforma calls for 300% increase inopportunities year in, year out. We expect increased revenue on ayear over year basis by 200% to 400%.
About Infrax Systems
Infrax Systems offers a series of interrelated operationalmanagement, communications, and grid security related products andservices known as Secure Intelligent Energy Platform (SIEP). Ourproducts enable a comprehensive and unified solution forcommunications 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 suchas advanced metering solutions and grid optimization. SIEP platformcreates a unified solution to securely manage Advanced MeteringInfrastructure (AMI) and distribution automation. Infrax's securesmart grid platform, incorporates a communications transport andmanagement system (GridMesh) device and data security management,and ultimately secures intelligent endpoint devices (SIED). Thesecure management of the "last mile" backhaul will be necessary forutilities to implement Smart Grid applications including AMI,real-time pricing, Demand Side Management (DSM), DistributionMonitoring and Automation. When combined, these applications canoffer economic, operational and environmental benefits forutilities, and ultimately the utility's customers.
To request further information about Infrax, please email firstname.lastname@example.org, log onto our websiteathttp://www.infraxinc.com or visit us at our Facebookpagefacebook.com/infraxsystems or on Twitter @infraxsystems.
This press release may contain forward-looking statementscovered within the meaning of the Private Securities LitigationReform Act of 1995. These forward-looking statements relate to,among other things, plans and timing for the introduction orenhancement of our services and products, statements about futuremarket conditions, supply and demand conditions, and otherexpectations, intentions and plans contained in this press releasethat are not historical fact and involve risks and uncertainties.Our expectations regarding future revenues depend upon our abilityto develop and supply products and services that we may not producetoday and that meet defined specifications. When used in this pressrelease, the words "plan," "expect," "believe," and similarexpressions generally identify forward-looking statements. Thesestatements reflect our current expectations. They are subject to anumber of risks and uncertainties, including, but not limited to,changes in technology and changes in pervasive markets. Thisrelease includes forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933 and Section 27E of theSecurities Act of 1934. Statements contained in this release thatare not historical facts may be deemed to be forward-lookingstatements. Investors are cautioned that forward-looking statementsare inherently uncertain. Actual performance and results may differmaterially from that projected or suggested herein due to certainrisks and uncertainties including, without limitation, ability toobtain financing and regulatory and shareholder approval foranticipated actions.
CONTACT: Media Contact; Infrax Systems, Inc. email@example.com facebook: infraxsystems Twitter: @infraxsystems 727-498-8514
Source:Infrax Systems, Inc.