- SpotLite360 (LITE) will develop an IoT data consolidation solution for E3 Service Group
- E3 develops, designs and builds cannabis cultivation facilities
- The partnership looks to harvest data from cultivation facilities and incorporate it into supply chain workflows to improve business decisions
- SpotLite360 is a logistics technologies solutions provider unlocking value, opportunities and efficiencies for all participants in a supply chain
- SpotLite360 (LITE) is up by 25 per cent and is currently trading at $0.225 per share
SpotLite360 (LITE) will develop an IoT data consolidation solution for E3 Service Group.
E3 develops, designs and builds cannabis cultivation facilities with a focus on optimally configuring heating, ventilation and air conditioning infrastructure.
SpotLite360 will integrate technologies, including IoT sensors and software applications, to gather and leverage data collected from cultivation facilities on a continuous basis.
The partnership looks to incorporate these metrics into supply chain workflows to improve business decisions.
By consolidating sensor data feeds from multiple partners, including Carrier and Honeywell, E3 believes it can maximize value for indoor cannabis cultivation facilities in several U.S. states, including Colorado, Oklahoma, Michigan and Florida.
Following initial execution of this approach, the companies plan to expand the use of IoT sensors into more granular aspects of cannabis cultivation, such as irrigation effectiveness and seed performance.
James Greenwell, CEO of SpotLite360, stated,
“The team behind E3 has been instrumental to the success of hundreds of cannabis cultivation sites across the United States. By taking an interdisciplinary approach to developing cultivation facilities for long-term success, E3 has an impressive engineering track record underpinned by an unparalleled familiarity with leading-edge technologies such as blockchain and IoT.
We are excited to create efficiencies by consolidating data from a wide range of IoT sensor models while empowering E3’s clients to maximize the value they can derive from information they can effortlessly collect using the IoT sensors of their choice.”
Bryson Guyer, Founder of E3, added,
“Commercial-scale cannabis growing is a sophisticated discipline in which data about the environment where the crop is grown is an extremely valuable resource. Measuring attributes such as temperature and humidity is relatively easy with legacy instruments and technology; however, IoT sensors are proving increasingly popular for automatically taking readings around the clock, thus allowing for an unparalleled level of insight.
We look forward to working with SpotLite360 to create an advanced bespoke IoT solution for our clients, who will be able to benefit from exceptionally simplified data-harvesting capabilities as yet another defining feature of our world-class cultivation spaces.”
SpotLite360 (LITE) is up by 25 per cent and is currently trading at $0.225 per share as of 11:56 am ET.