June 14, 2018
Vancouver, BC – Quadron Cannatech Corporation (CSE:QCC) (the “Company” or “Quadron”), is pleased to announce the progress of various projects initiated by Cybernetic Control Systems Inc. (“Cybernetic”), which was acquired by the Company as a division of Quadron in March 2017.
Cybernetic builds efficient, customized machine control solutions that provide various industries with innovative, machine automation and control systems. With the range of industries that Cybernetic can provide products for, there has been significant progress with its various products and services:
- Within the mining industry, Cybernetic provided a control system for a water treatment plant on a remote mine site, where continued programming and automation is provided for support.
- An agreement with Schneider Electric was extended to include power monitoring and quality products. These products can be used to monitor, analyze, sub-meter, report and improve power in Cybernetic’s and Soma Labs’ client facilities.
- Cybernetic secured a contract for a complete control system for a natural gas utility. This one of a kind system is used to test and calibrate natural gas regulators in a revolutionary, accurate and traceable manner
- A $200,000 contract was secured for Cybernetic to provide turnkey solar powered off-road communications trailers to a major Canadian mining company. This contract can convert into a multi-million dollar contract to meet the mine’s immediate requirements after they test the initial units.
“Rosy Mondin, CEO of Quadron Cannatech commented, “Since acquiring Cybernetic we are pleased with their progress and ability to provide automation and control system solutions to a variety of different industries. In addition to Cybernetic’s core business, they have played an instrumental role constructing and developing our BOSS CO2 Extractor and developing new extraction systems for the Company. Cybernetic’s expertise in automation continues to give Quadron a competitive edge in a growing extraction market and develop the best-in-class industrial scale equipment.”
About Cybernetic Control Systems Inc.:
Cybernetic provides custom or standard machines and control packages to various industries, including hydroponics, green energy, pharmaceutical, nutraceutical and the food industry. The Company offers technical services and equipment for process automation.
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
President and CEO
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, including with respect to the scheduled closing date of the Offering and the intended use of the proceeds of the Offering, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward- looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.