NIM Technology Reaps Rewards For Urban Barns
VANCOUVER, British Columbia, April 11, 2011 /PRNewswire/ -- Urban Barns Foods Inc. (URBF.OB) ("Company" or " Urban Barns"), a leading authority on sustainable development of fresh fruits and vegetables announced on March 8, 2011 that it has reached an agreement to acquire Non Industrial Manufacturing Inc. (NIM), a developer of a proprietary vertical growing system and related technologies. Today the company announced that recent test results categorically proved that NIM's growing systems can cater to large scale commercial production.
Mr. Jacob Benne, CEO of Urban Barns, stated that, "We have been conducting research and development on controlled environment agriculture systems for the past one-and-a-half years and are very pleased with the results of NIM's new growing system. Results obtained over the last four weeks show that we significantly outperform other machines and apparatus that we have tested. NIM's technology is very well suited to fulfill large scale commercial production of food."
Mr. Dan Meikleham, Chairman and CFO of Urban Barns said, "Our propriety equipment is designed specifically for large volume commercial growing. For example, according to the National Sustainable Agricultural Information Service, the average crop of leaf lettuce from a typical acre of land is approximately 193,000 plants per year (2 crop cycles). In one acre of warehouse space, NIM's indoor vertical growing technology is capable of producing more than 11 million plants, which is almost 60 times more efficient. While these results were obtained under controlled test conditions, we believe that we will be able to reproduce them under normal growing commercial operating conditions."
Mr. Meikleham added, "We look forward enthusiastically as we continue to analyze and release additional related data regarding water, energy, the CO2 footprint of traditional farming environments. However with all this exciting news we remain focused on our current objective, which is to push capabilities of our vertical growing system (designed to utilize urban warehouse environments) to its maximum commercial capability."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV