SpotLite360 IOT Solutions Inc. Source: SalesTech
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • SpotLite360 IOT Solutions (LITE) has signed an agreement with Ordway, Colorado-based Elevate and Bloom LLC
  • SpotLite360’s subsidiary E3 Service Group LLC will provide services, technology and equipment to upgrade and manage the environmental condition of Elevate and Bloom’s indoor cultivation facility
  • Specific engineering, design and installation expertise will include the optimization of air flow, air handling, air conditioning and dehumidification
  • E3’s parent company, SpotLite360, is an enterprise scalable SaaS-based technology firm focusing on improving collaboration and efficiency across the entire supply chain partner ecosystem
  • SpotLite360 IOT Solutions Inc. opened trading at C$0.105

SpotLite360 IOT Solutions (LITE) has signed an agreement with Ordway, Colorado-based Elevate and Bloom LLC.

Under the terms of the first statement of work, SpotLite360’s subsidiary E3 Service Group LLC will provide services, technology and equipment to upgrade and manage the environmental condition of Elevate and Bloom’s indoor cultivation facility.

Specific engineering, design and installation expertise will include the optimization of air flow, air handling, air conditioning and dehumidification.

The value of this initial contract is expected to be above $230,000, with 80 per cent of the total contract value to be received as an up-front deposit.

“Every project has unique environmental conditions within the cultivation facilities and our engineering optimizes the grow,” explained Bryson Guyer, Founder of E3.

“After designing more than three hundred indoor cultivation facilities, we know how to optimize the environment for maximum yield and consistent quality based on the plant’s genetics and unique growing conditions,” he added.

E3 is also utilizing the latest “best in class” products in the mechanical, energy efficient environment. All units are designed to work collaboratively and leverage IoT capabilities to create a smart and connected environment.

Efficient air handling and distribution throughout the facility is enabled by utilizing fabric air ducting which facilities lower maintenance, relocation and repair, while providing increased flexibility in optimizing air distribution.

E3’s parent company, SpotLite360, is an enterprise scalable SaaS-based technology firm focusing on improving collaboration and efficiency across the entire supply chain partner ecosystem.

SpotLite360 IOT Solutions Inc. opened trading at C$0.105.


More From The Market Herald

" @ the Bell: Growth-sensitive stocks fluctuate on mega jobs report

Canada’s main stock index ended on the higher side of flat on Friday trading as strength in the energy and technology sectors was weighed against

" Aimia (TSX:AIM) sells $7.36M in shares to Mithaq Capital

Aimia (AIM) has sold approximately $7.36 million of its common shares to investor company Mithaq Capital SPC.

" Terra Firma Capital (TSXV:TII) appoints new board member

Terra Firma Capital (TII) appoints Mike Kirchmair as a member of the corporation’s board of directors.
Capital Power Corporation - The Whitla Wind Facility

" Capital Power (TSX:CPX) looks forward to protecting the environment

Capital Power Corporation (CPX) enters a 23-year clean electricity supply agreement with Public Services and Procurement Canada to protect the environment.