SpotLite360 IOT Solutions, Inc. Announces New Contracts with Expansion of Office Space in Oklahoma
DENVER and VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) -- SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) is pleased to announce that it has entered into new contracts in the State of Oklahoma with Doc Crispy Enterprises, LLC (“Doc Crispy”) and Wild Wolf Organics LLC (“Wild Wolf”). Under the statements of work associated with each of these agreements, SpotLite360’s subsidiary, E3 Service Group, LLC (“E3”), will provide services, technology and equipment to upgrade and manage the environmental condition of indoor cultivation facilities on behalf of Doc Crispy and Wild Wolf. Specific engineering, design and installation expertise will include the optimization of air flow, air handling, air conditioning and dehumidification. In Oklahoma, the combined value of the projects with Doc Crispy and Wild Wolf is anticipated to exceed $850,000 with 80% of the total contract value for each customer to be received as an up-front deposit.
Bryson Guyer, Founder of E3 stated, “We are thrilled to land these projects in Oklahoma. Our plan going into 2022 was to strategically open local offices to gain market share on the design/build side of our business and to introduce our service and maintenance product. These projects are a testament to our team’s dedication and ability to execute on our business plan.”
E3 has established itself as a leader in the delivery of environmental control solutions. Through its years of experience with design and installation of environmental solutions at more than three hundred facilities, E3 has relationships with “best in class” manufacturers of air conditioning, humidification, dehumidification, lighting and racking products. Along with SpotLite360, E3 will leverage the IoT (Internet of Things) connectivity available on installed hardware to create smart environments resulting in maximum yield and consistent product quality.
Over the past nine months, E3 has expanded its operations beyond Denver to include projects in Arizona and Oklahoma. As the Company continues to execute on achieving its strategy and growth objectives, it anticipates announcing additional projects in each of these states and new opportunities in other states where expansion has been targeted and opportunities have been identified.
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’s supply chain technology solutions provide the product tracing, tracking, transparency and trust that discerning customers are seeking. Facility, equipment and process designs offered by E3 leverage the SpotLite360 technology to obtain seed-to-sale data needed for proof of origin, authenticity, sustainability, and product quality that consumers demand in order to gain confidence in the product brand and to ensure that it is being sustainably produced.
On behalf of the Board of Directors of the Company,
SpotLite360 IOT Solutions, Inc.
Tim Harvie, President and CEO
+1 (720) 830-6120
For more information about SpotLite360, please visit: http://spotlite360.com
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About SpotLite360 IOT Solutions, Inc.
SpotLite360 is a logistics technologies solutions provider unlocking value, opportunities, and efficiencies for all participants in a supply chain. Building upon existing applications of IoT technologies, distributed ledgers, and machine learning, SpotLite360 endeavours to set new standards of transparency, integrity, and sustainability in the pharmaceutical, healthcare, and agriculture industries. As regulators across the globe begin to impose new tracing and accountability requirements for the protection of consumers ( e.g., DSCSA and FSMA from the U.S. Food and Drug Administration), the need for reliable, cost-effective, and versatile tracking technology is expected to grow considerably. SpotLite360’s flagship SaaS solution has been engineered to seamlessly track the movement of a product by integrating with systems of all major stakeholders in a supply chain ranging from the raw materials to the hands of the end consumer. With a primary objective of onboarding new clients in 2022, SpotLite360 plans to explore innovative use cases for its proprietary stack of technologies which could transform logistics workflows in some of the world’s largest industries.
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