M3Hub Provides Renewable Energy Solutions for Commercial Marijuana Grow Operations Global Solaris Targets 30% Reduction in Energy Costs for Indoor Cultivation Facilities
CAVE CREEK, AZ--(Marketwired - Dec 10, 2013) - Endexx Corporation (OTC Pink: EDXC)
Global Solaris Group, the renewable energy division of Endexx Corporation, recently completed its first commercial solar installation in Northern Arizona. The 145 kilowatt system is now online after receiving all necessary clearance for commissioning from Arizona Public Service, the largest electric utility company in Arizona, a division of Pinnacle West Capital Corporation. The system generates over 30% per year in energy savings for the customer.
Global Solaris Group is now positioned with its strategic EPC (engineering, procurement and construction) partners to offer renewable energy products and services to cannabis grow facilities in the US and Canada to reduce expensive operating costs from high energy use. When factoring operating costs, energy use for lighting and air conditioning has the largest impact on facilities costs for growers and processors of marijuana plant products. Monthly cost of electricity can be as high as $1 per square foot per month or more.
Some communities have already taken steps to require cannabis grow operations to be powered by renewable energy sources like solar or wind to lessen the industry's carbon footprint. As the states of Colorado and Washington gear up for the launch of recreational marijuana programs, and as Canada implements the Marihuana for Medical Purposes Regulations (MMPR) program, warehouses and secure indoor gardening facilities are expanding operations to meet the industry's expected growth.
There are currently 736 medical marijuana cultivation facilities in Colorado, according to the Colorado Marijuana Enforcement Division (MED). In November 2013, The Washington State Liquor Board issued a ruling to limit the total amount of growing space to 2 million square feet statewide, of which a good portion will be outdoors and in greenhouses. Canada's new program restricts cultivation strictly to indoor facilities that are highly energy intensive.
One grower in Denver spends over 20,000 dollars per month in energy costs. That is the equivalent of 200 average size homes in monthly electricity needs. Energy costs account for over a third of total marijuana production costs. M3Hub renewable energy solutions look to reduce that cost by one third.
Endexx is uniquely positioned to bring added value to Cannabusiness participants by offering vertically integrated services that incorporate the M3Hub suite of services with M3 management platform, Autospense dispensing technology, THCFinder.com social media and Global Solaris Group renewable energy solutions.
Endexx Updates Renewable Energy Strategy Global Solaris Group Accomplishments Update
CAVE CREEK, AZ--(Marketwired - Oct 17, 2013) - Endexx Corporation (OTC Pink: EDXC) has engaged in strategic acquisitions to develop a diversified portfolio of companies that are independently operated by seasoned professionals in key growth sectors, including renewable energy services.
Global Solaris Group, a full service renewable energy provider specialized in Third Party Ownership models for the non-residential mid-size solar and wind market in the US and in advanced power generation technology solutions for off-grid and remote locations in developing countries, is proud to provide an update on its achievements.
Since its inception in 2011, Global Solaris Group has reached the following milestones:
Developed strategic relationships with EPC contractors and vendors
Participated in various RFPs for school districts in Northern Arizona
Developed a sizable portfolio of clients showing interest in solar systems based on PPAs and leases: business owners, churches, charter schools and other non-profit entities
Entered into a business relationship with Arizona Catholic dioceses and various independent parishes for the installation of PV systems throughout the diocese
Successfully completed 145KW PV installation for Arizona parish in partnership with Scout Solar of Tempe, AZ
Entered into collaboration agreement with Spinning Star Energy, a Texas wind developer
Entered into collaboration agreement with ENR360, a California technology provider specializing in energy recycling
Looking forward, Global Solaris Group is pursuing the following important steps to bring its expertise to market and generate revenue:
Develop strategic relationships with private equity investors
Initiate development of diversified?project financing instruments through MLPs and Solar REITs
Pursue technology focused acquisition strategy to expand client and market base
Pursue development of standalone technology solutions for remote area power generation
Global Solaris Group is well positioned to tap into the vast largely unexplored pool of mid-size solar and wind projects in key US markets and to capitalize on advances in technologies that, by further lowering costs and increasing system efficiencies, will close the gap when subsidies are no longer part of the renewable energy landscape, and to be at the forefront of the energy revolution.
Endexx Corporation is a micro-cap publicly traded company, representing the interest of its shareholders and collaborating with independent software developers, scientists, engineers, and other companies to build businesses that can thrive collectively in the equity markets. Endexx's team recognizes that individually small companies with new technologies have an extremely difficult time sustaining themselves as stand-alone companies. Through our collaborative practices, individual and group skill sets are better utilized to develop technology and grow the business, while centralizing costs and eliminating redundancies.
The Endexx management team and its advisory group each have at minimum 10-50 years of experience in their respective fields. The business professionals associated with the direction of the company all have experience growing businesses, developing and implementing new technologies and running publicly traded corporations.
Endexx Corporation is ultimately structured to provide a platform for entrepreneurs to thrive, offering maximum return on investment through equity ownership in the parent corporation. Each individual is a shareholder and is encouraged and self-driven to be successful and contribute to the overall objective of increasing shareholder value.
PHOENIX, AZ--(Marketwire – June 7, 2011) - Endexx Corporation (PINKSHEETS: EDXC) announced today the acquisition of Global Solaris Group. Global Solaris Group, based in Sedona, AZ, is now strongly positioned to capture significant market share for solar and wind energy production projects in the Southwest US.
The US solar energy sector experienced a growth rate of 67% in 2010, with a total market value of $6 billion. The Renewable Energy market is supported by government incentives, lower systems costs, industry maturation and rising energy costs.
Alain Soutenet of Global Solaris Group stated, “Through project ownership and Power Purchase Agreements (PPAs), Endexx can generate a consistent predictable revenue stream and receive the full benefit from tax credits, accelerated depreciation, the sale of Renewable Energy Certificates (RECs) and the sale of electricity. The project portfolio approach further enhances profitability by minimizing the cost of capital through reinvestments".
Douglas Jones of Global Solaris Group stated, “The best opportunities in the short term are in the non-profit and public sectors, school districts, churches, local governments, and in commercial sectors like distribution centers, data centers, office parks, parking spaces and agriculture. GSG is also actively working in partnership with local utilities to identify eligible sites for non distributed generation to support substations and transmission lines”.
Contact: Todd Davis CEO Endexx Corporation (480-595-6900) or Alain Soutenet at Global Solaris Group (415-497-6324).
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