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SpotLite360 IOT Solutions (CSE:LITE) signs agreement with Elevate and Bloom

Market News, Technology
CSE:LITE
16 December 2022 10:15 (EDT)

SpotLite360 IOT Solutions Inc. Source: SalesTech

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.


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