LAS VEGAS, Feb. 23, 2016 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) (the "Company" or "XLI") is pleased to announce that they have entered into an agreement with a privately-held vertical hydroponic crop production company, JC Venture Enterprises LLC, utilizing Nanotechnology to create an edge in the future and advancement of the rapidly expanding vertical hydroponic crop production industry.
These Printed LightSheets create a 4' x 8' lightweight and flexible light source with higher efficiency than traditional LEDs. The Printed LightSheets feature 100% of light coverage, non toxic and energy efficient that generates no heat. Since the Printed LightSheet does not generate heat, it allows independently controlled heating. In the past, lights would generate heat and this would affect the minimum distance required above plants. By having the light and heat controlled separately, it allows for specific and isolated adjustments that have not been possible before. In some cases more brightness is needed but compromised because the light would generate too much heat. This solves a major issue for an industry that is experiencing rapid growth and advancement, reducing an operation's overall inputs and carbon footprint and creating a greener, healthier food product.
"Utilizing Nanotechnology Printed LightSheets to replace the expensive and traditional lighting not only is a less expensive alternative but is extremely customizable to many applications, allowing organically grown plants to remain organic without additional cost, enhancements, or unnatural techniques or substitution," stated James Schramm, Chairman and CEO of XLI Technologies.
Joseph Chiappetta, President and Founder of JC Venture Enterprises LLC stated, "We have confirmed with Mr. Schramm that the Printed LightSheets do have the specs we require. He suggested prior to placing our 300 unit order, that he send us a sample Printed LightSheet for us to do our own testing for our comfort level and to validate and confirm our required specs and usage. I see that Mr. Schramm is in this for the long haul. I am impressed that he is not about the quick sale but long term relationships and building a stable foundation and exciting future for XLI Technologies, my business and industry."
Schramm concluded, "Over the next few weeks, we anticipate Joseph's confirmation to move forward on our 300 unit order and to see how this can grow throughout the world turning into the next best thing in plant growth and the future of the vertical hydroponic crop production industry."
The Company anticipates making further announcements regarding this agreement and order as well as the product development, marketing, and sales as additional information becomes available.
About XLI Technologies, Inc.
XLI Technologies, Inc., through its wholly owned subsidiary, Bosch International, LLC, provides unique, versatile, durable, and eco-friendly Nanotechnology printed lighting products (Printed LightSheets) to the entertainment sector, including movie theaters, movie studios, production and distribution companies, talent and management agencies, marketing and PR firms, outdoor media and limited automotive in the USA and Canada. The Company is also exploring several other potential applications of the technology as well as expansion of territory rights.
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This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE XLI Technologies, Inc.