This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Urban Barns Foods Vertical Farming Technology's Power Usage Knocks Public Perception On Its Heels

VANCOUVER, British Columbia, April 19, 2011 /PRNewswire/ -- Urban Barns Foods Inc. (URBF.OB) ("Company" or " Urban Barns"), a leading authority on sustainable development of fresh fruits and vegetables today released additional test results. The tests stemmed from the Company's planned acquisition of Non Industrial Manufacturing originally announced on March 8, 2011. This series of tests concerned power usage as compared to other forms of hydroponic growing technologies. The results lent yet further proof that Urban Barns' proprietary technology has significant economic value.

Mr. Jacob Benne, CEO of Urban Barns, stated that "We continue to exceed our own expectations. In this current round of tests we looked at power consumption and while we expected it to be lower than competing technologies, the results were markedly better than what we expected. The cost of electricity per plant grown, using an average of Canadian commercial rates, was less than a penny."

Mr. Dan Meikleham, Chairman and CFO of Urban Barns said, "We are highly conscious of the carbon footprint of our technology. These results go a long way toward a green solution to commercial scale food production. We plan to set a benchmark for environmental sustainability and be internationally recognized for high-quality agriculture methods. Our commitment is to supply food security and food traceability, while being environmentally aware.

Meikleham added, "Our vertical growing system is designed for the efficient use of water and energy. This cost-efficiency is central to our business model, enabling us to compete in major urban markets at home and abroad. Our goal is to utilize the technology to establish a number of income-based, strategically positioned food production facilities to grow food locally on a minimum carbon footprint."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs