Last night Amfil Technologies Inc. released their update on the joint venture with Roto-Gro.
May 01, 2017 08:00 ET
Amfil Technologies, Inc. Announces Signed Agreement Between GROzone & Rotary Hydroponic Systems Manufacturer, Roto-Gro World Wide Inc. (ASX: RGI), Targeting the Medical Marijuana Hydroponic Industry
TORONTO, ON--(Marketwired - May 1, 2017) - Amfil Technologies, Inc. (OTC PINK:
AMFE) is pleased to announce that the company has signed an agreement with Roto-Gro World Wide Inc., a wholly owned subsidiary of Roto-Gro International Ltd. (ASX: RGI) to form a joint venture to integrate and distribute the GROzone EcoPr03 Antimicrobial System with the revolutionary Roto-Gro Rotary Hydroponic systems.
The Roto-Gro automated rotary hydroponic system was designed, developed, and manufactured in Canada in 2006. The system has been recognised by several cannabis producers and distributors in Canada, Europe and the US and has an established client base, including Canadian based Nutrilife Products, being one of its largest customers with sales to the group already exceeding 600 units. They have also recently entered into an agreement with EuroAg Corporation for the supply of 240 Roto-Gro Units over a 12-month period. The company recently debuted on the Australian Stock Exchange through IPO in February 2017.
The Roto-Gro system is an automated rotary hydroponic vertical farming system designed for use in the rapidly growing medical marijuana industry. The Roto-Gro system was developed in 2006 and is based on a flood and drain system. Plants are inserted into "quick drain trays", then inserted into a motorized wheel which revolves the plants 24 hours a day around centre-fixed grow lights. Through gravitropism and many other features, plants experience accelerated growth rates. The compression resulting from the rotation results in plants with more internodes and better flavour profiles. Their patent-pending design is also configured to be stackable. The ability to stack multiple units vertically within a compact footprint, together with a rotational growing bed provides a growing area equivalent to approximately ten times that of a conventional 'flatbed' hydroponic system. These efficiencies result in significantly greater crop yields per square foot and consume approximately 40% less electricity than other hydroponic systems. The system has also been designed to deliver fluids, nutrients, and carbon dioxide more effectively and efficiently than conventional growing systems. Additionally, through the agreement with GROzone, the Roto-Gro system will also deliver ozone through the integrated EcoPro3 Antimicrobial System, resulting in the ability to offer cultivators an all encompassing, highly efficient, and eco-friendly system to produce medical grade marijuana.
As previously mentioned, future growth strategies include expansion into the food sector, targeting areas challenged by factors such as climate, contaminated water sources, making it difficult to grow crops utilizing traditional farming methods. The GROzone systems were developed from existing technology which has been successfully utilized in the food and beverage industry for over 20 years, providing units for major companies such as Pepsi, Sun Pacific and Nestle. The GROzone management team intends to use their technical knowledge, expertise, and proven track record in the industry to further grow and expand the reach of both companies moving forward. A number of synergies between the two companies are being explored and the respective management teams are anticipating a unified expansion of both entities as a direct result of this strategic partnership.
The immediate action would be to provide clients currently utilizing the Roto-Gro system with the option of upgrading their setups by adding the GROzone EcoPro3 Antimicrobial system allowing them to complete their growing facilities with an all encompassing and automated system. The EcoPro3 technical team has calibrated a system to integrate specifically with the current rotary hydroponic systems. This would ensure a smooth transition for current users, whilst adding the peace of mind of an organic antimicrobial solution to eliminate the risks associated with contamination. Further to the EcoPro3 upgrade for current users, the companies aim to develop, manufacture and distribute a fully integrated hydroponic system, aiming to be the global leader in hydroponic technology, providing the only hydroponic system to provide full automation of plant rotation, nutrient delivery, hydration, and fully organic antimicrobial and sanitation process, completely eliminating the risks associated with contaminated crops due to mold, pathogens and pesticides . All of this, combined with greatly reduced floor space requirements, reduced water and electrical requirements, larger yields, as well as bigger, stronger, faster growing plants which have already been produced using the patent pending Roto-Gro rotary design.
Amfil Technologies, Inc. intends to continue their mission to eradicate contamination issues and completely eliminate the use of chemicals and pesticides in the production of all medical marijuana products. Roto-Gro will be receiving the first unit(s) currently in development by Amfil Technologies Inc. in the coming weeks. Amfil Technologies Inc. is very excited to be working with a leading technology provider such as Roto-Gro World Wide Inc. to further enhance and sustain the Roto-Gro system as the most cutting edge hydroponic system in the world that is available to the market. We will keep shareholders informed on the progress as it develops.
Further to the recent launch of the EcoPrO3 GROzone Antimicrobial System, Amfil Technologies, Inc. is in discussions with a number of companies regarding purchase and integration of the unit. As significant contracts materialize, our shareholders will be updated on the progress for this subsidiary which is expected in the near future.
Link to article:
http://www.marketwired.com/press-release/amfil-technologies-inc-announces-signed-agreement-
