American Green Acquires Truth Lighting -- An Industry Leader in Full Spectrum Lighting for Cultivation
September 03 2014 - 8:00AM
eTeligis
TEMPE, AZ(Eteligis Inc.)
TEMPE, AZ, United States, via ETELIGIS INC., 09/03/2014 - -
American Green, Inc. (OTC: ERBB) announced today that it has
acquired Truth Lighting LLC -- the leading full spectrum lighting
system. Truth is a technology company based out of Massachusetts
that has been solely focused on providing highly effective lighting
technologies for organic growers.
This acquisition deeply strengthens American Green's Jurassic
cultivation division and provides the company with a strong edge in
supplying indoor grow facilities with the tools they need for
effective lighting in order to improve bottom line numbers with an
increase in harvest yields, while decreasing energy costs.
"This is an important move for American Green. In one motion we
have taken control of a system that reduces carbon footprint,
improves grow technology, and can easily do one million dollars in
top line revenues in its first year," says Michael Silvia, head of
the Jurassic Cultivation division for American Green.
Seth Whitney, the founder of Truth Lighting and an active
participant in the organic grow community for several years
added:
"We want truth lighting to be the ultimate culmination of modern
energy savings technologies and advanced research into plant growth
development. Our customizable modules and ability to self-diagnose
and fix any problems within the units gives us a huge upper hand.
With the industry's leading full spectrum system, it not only gives
us high lumens but also achieves the highest PAR
(Photosynthetically Active Radiation) output for their recommended
areas. This makes me feel incredibly confident in guaranteeing that
any customer can gain .55 Grams Per Watt (GPW) - where most growers
can achieve .42 GPW, with HID only the experienced, established
gardener achieves .66 GPW."
Photosynthetically Active Radiation (PAR), designates the
spectral range (wave band) of solar radiation from 400 to 700
nanometers that photosynthetic organisms are able to use in the
process of Photosynthesis. Prior to the Truth Lighting system --
the highest PAR in a 1000w HPS is around 600-620, while the Truth
system will be in the 671-700 range, factoring an average of 12.5%
higher output.
In regards to further technical information, here are some
specifications on the Truth Lighting M16, which is a 1200-watt
panel that consists of sixteen 25x3 watt LED (Light Emitting
Diodes) Modules. Each Module has a actual output wattage of 47.5
watts making the M16s actual output wattage at around 760 watts.
The M16 is drawing 6.8 amps @ 110v and 3 amps @ 240v, All Truth
Lighting units are rated for 85-264v. The cost Per Day at 12/12
(twelve hours on, twelve off) is $1.05. The cost per day at 18/6 is
merely $1.57.
M16 Cooling: It requires 2,660 BTU to properly manage the heat
output.
Foot Print: 4'x4' @ 12" from canopy Level 4'6" x 4'6" @ 18" from
canopy level 5'x5' @ 24" from canopy level.
Committed to providing best-in-class technologies for growers
nationwide, this acquisition is another great product that American
Green will provide to grow facilities and help them save a lot of
money on energy costs -- something all growers strive to achieve
for their overall bottom line.
Interested parties will be able to view a more comprehensive
list of features and full technical documentation of Truth Lighting
on AmericanGreen.com in coming days.
Stay up to date with American Green Updates:
Twitter @American__Green (two underscores.):
https://twitter.com/American__Green Facebook:
https://www.facebook.com/americangreenusa
MORE ABOUT AMERICAN GREEN,
INC.
American Green became the first publicly traded medical
marijuana dispensary brand in the world, back in 2009. Since then,
the company has developed retail, brand, and commercial cultivating
solutions in partnership with licensed retail medical marijuana
dispensaries nationwide.
The company is dedicated to the renewal of the American economy
and beyond through hard work and a clear vision. Besides the ZaZZZ
machine, the company has several media properties, a cultivation
division including Jurassic water, and is constantly in development
of new business opportunities.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's Securities and Exchange Commission
reports and filings. Certain statements contained in this release
that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on
forward-looking statements because they involve unknown risks,
uncertainties and other factors, which may cause actual results,
performance or achievements to differ materially from those
expressed or implied. Forward-looking statements may be identified
by words such as estimates, anticipates, projects, plans, expects,
intends, believes, should and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date on which they are made.
CONTACT:
Companies and Contacts:
American Green, Inc.
Mr. Stephen Shearin
President
1221 W Warner Rd Suite 103
Tempe, AZ 85284
480-443-1600
stephen@americangreen.com
http://www.americangreen.com
SOURCE: American Green, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27601
- Link to submission on http://www.eteligis.com
American Green (PK) (USOTC:ERBB)
Historical Stock Chart
From Apr 2024 to May 2024
American Green (PK) (USOTC:ERBB)
Historical Stock Chart
From May 2023 to May 2024