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HempTech (HTCO) Introduces GrowFacility -- Predictive Software for Facilities Management for Major Cannabis Growers -- Saving 6% in Energy Costs & Reduces Service Costs by 50%

SAINT PETERSBURG, FL -- (Marketwired) -- 12/01/16 -- HempTech Corp. (OTC PINK: HTCO), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and marijuana, announces today that it is introducing GrowFacility™ -- a complete, continuous commissioning software solution based on CognetiXs' advanced Fault Detection and Diagnostics (FDD) technology, which significantly reduces costs and improves operational efficiency for growers and processors of Cannabis.

GrowFacility™ incorporates a standard library of fault rules that can be customized to predict equipment failures and advise personnel of preventive actions. Optimize energy savings and improve overall safety with GrowFacility. The unique FDD fault viewer quickly identifies the costliest faults to reduce downtime and costs to diagnose and repair. CognetiXs' solutions for fault detection and diagnostics are based on advanced research by the United States National Institute of Standards and Technology (NIST).

Using its advanced Fault Rules Engine, GrowFacility calculates fault probability as well as all associated costs. It saves users configuration time by making integration easier, faster and more intuitive. The powerful Web-based Workbench provides an easy-to-use configuration and deployment environment. GrowFacility integrates with the most popular BAS, SCADA, PLC and other systems used to monitor equipment conditions. GrowFacility comes with Standard Fault Diagnostic Models for Popular Equipment such as Air Handling Units, Boilers, Chillers, Cooling Towers, or define your own.

GrowFacility offers:

  • Predict, Reduce and Eliminate Equipment Downtime
  • Automatic Fault Detection and Real-time Notifications
  • Standard Rules Library with Over 300 Fault Rules
  • Improve Overall Environmental Quality
  • Reduce Maintenance and Determine Probable Causes
  • Be Notified "Anywhere, Anytime and On Any Platform"
  • Return on Investment Typically Between 12 to 18 Months

For more information on this solution and how you can reduce your facility cost, please contact [email protected] to request a demo or information material.

About HempTech Corp

HempTech Corp (OTC PINK: HTCO), a Nevada corporation, is a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation. Through HempTech technologies, virtually every component of the plants' vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.

The Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software drives improvement in productivity, efficiency, quality and sustainability. This industrial grade advanced Controlled Environment Agriculture (CEA) with analytical technology software is being made available to small and large size cultivators that are not yet available in the Cannabis market. HempTech's goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.

HempTech's mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard CognetiX™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Your Grow. HempTech -- America's Future Taking Root Today.

To request further information about HempTech, please email us at [email protected], log onto our website at http://www.hemptechcorp.com or visit us at our Facebook page https://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

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