BOULDER, Colorado, September 16, 2015 /PRNewswire/ --
Surna, Inc. (OTCQB: SRNA), a technology company that engineers state-of-the art equipment for controlled environment agriculture with expertise in cannabis cultivation, announced today initial pre-order numbers for the Surna Reflector and a strategic collaboration with a third party for the assembly and support of the Surna Reflector.
Cannabis cultivator, NuLeaf, has agreed to purchase eighty percent of Surna's first production build of their water-cooled Reflector in a $507,795 deal. "We're excited to be leading the drive for innovation in the cannabis sector with the installation of over 400 of Surna's Reflectors in our new facility in Reno," stated Tim Schick, Chief Executive Officer of NuLeaf. The Reflectors will be installed as a subsection of a complete Surna climate control system. The remainder of the first production Reflector build is intended to go to smaller facilities.
"The Surna team is very excited to have NuLeaf as one of its early adopters for our groundbreaking Reflector. We understand how significant this product will be to the industry, and we're looking forward to successfully demonstrating its capabilities in NuLeaf's facilities," stated Stephen Keen, Surna's Chief Executive Officer.
Due to high initial interest in the product, Surna has entered into a contractual arrangement with a third party, located in Boulder County, for the assembly, quality control, and shipping of the Surna Reflector. The utilization of the third party's facility increases Surna's manufacturing capability without using existing infrastructure.
"This arrangement will allow us to hit development timelines for the Reflector while maintaining our production schedule and quality standards for our chiller products that are manufactured in-house. Leveraging our partner's operational assets is extremely beneficial to the near and long-term success of the Surna Reflector by allowing us to control manufacturing costs of the Reflector," stated Bryon Jorgenson, Surna's Chief Operations Officer.
Designed by Surna's in-house team of engineers, the Surna Reflector is available in three innovative models - vented, forced-air cooled, and liquid-cooled. The energy efficient design of the Surna Reflector allows more light to be delivered to the plant canopy while incorporating point-source heat removal to move heat away from the plant canopy.
Surna, Inc. (http://www.surna.com) develops innovative technologies and products that monitor, control and or address the energy and resource intensive nature of indoor cannabis cultivation. Currently, the Company's revenue stream is based on its main product offerings - supplying industrial technology and products to commercial indoor cannabis grow facilities.
Headquartered in Boulder, CO, Surna's diverse engineering team is tasked with creating novel energy and resource efficient solutions, including the Company's signature water-cooled climate control platform. The Company's engineers continuously seek to create technology that solve the highly specific demands of the cannabis industry for temperature, humidity, light and process control.
Surna's goal is to provide intelligent solutions to improve the quality, the control and the overall yield and efficiency of CEA. Though its clients do, the Company neither produces nor sells cannabis.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Statement About Cannabis Markets
The use, possession, cultivation, and distribution of cannabis is prohibited by federal law. This includes medical and recreational cannabis. Although certain states have legalized medical and recreational cannabis, companies and individuals involved in the sector are still at risk of being prosecuted by federal authorities. Further, the landscape in the cannabis industry changes rapidly. What was the law last week is not the law today and what is the law today may not be the law next week. This means that at any time the city, county, or state where cannabis is permitted can change the current laws and/or the federal government can supersede those laws and take prosecutorial action. Given the uncertain legal nature of the cannabis industry, it is imperative that investors understand that the cannabis industry is a high-risk investment. A change in the current laws or enforcement policy can negatively affect the status and operation of our business, require additional fees, stricter operational guidelines and unanticipated shut-downs.
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SOURCE Surna Inc.