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Memdicht

02/21/11 3:42 AM

#277 RE: Memdicht #276

Also note the Valcent Products Inc., Press Release dated March 23, 2010 (copied from Valcent website below) which stated that they had would be installing the first AlphaCrop at a UK college which would also appear to have been somewhat premature as nothing has been posted since. Was this unit ever installed? And what about the deal with Ikon International? Any sales made yet or was this also hype?

(Marketwire -March 23, 2010) Valcent Products, www.valcent.net, today announces that the first prototype of the new AlphaCropTM vertical growing system has been delivered and is operational at the Company's facilities in Cornwall, England. AlphaCropTM complements the well established VertiCropTM system and is specially designed for smaller commercial growers and amateur growers looking for smaller but still highly cost effective compact units which demonstrate their commitment to growing fresh produce and reducing food miles.

"This premier unit has been designed to enable root crops such as baby carrots and salad potatoes to be grown, as well as fruit crops including strawberries," says Chris Bradford, President and CEO of Valcent Products. "Plant trials with a variety of crops will commence shortly, and it is expected that AlphaCropTM units will complement the production of leaf crops from the Company's larger VertiCropTM system. AlphaCropTM will eventually be manufactured in three different sizes to suit a wide range of grower requirements."

"So far the performance of the prototype has met all our requirements" says Bradford "and within a few days the second prototype will be delivered which has been designed specifically for the keen amateur gardener and hobby grower. AlphaCropTM can be adapted to a variety of growing methods, employing a hydroponics system or using conventional growing media such as compost, to meet organic standards if required.

Together with the company's early success with the prototype comes the news that Launceston College will become the first academic institute in the world to use a vertical growing system both as an educational facility and also to provide fresh produce for their students. Launceston College has recently been re-designated as a specialist technology center preparing students for science courses at University. The College will take delivery of the first commercial AlphaCropTM unit off the production line which will be used by the Applied Sciences department to introduce students to the concept of vertical farming, and by students in the Hospitality diploma course supplying fresh vegetables for their catering unit.

"We are really excited about the prospect of working with this ground breaking technology," said Claire Penfold, the College's Deputy Principal "We already have a close working relationship with Valcent Products who are our neighbors in Launceston, and our students visit their research facilities on a regular basis. When we heard about the AlphaCropTM development, we recognized immediately that it could play a key role in providing a practical demonstration of this new technology in a learning environment, and we will be working closely with the Valcent team to explore its full potential."

AlphaCropTM will be distributed throughout the United Kingdom and Ireland by Ikon International, who will be displaying the "hobby grower" version of the prototype on their stand at GROW 2010, the International Hydroponics Exhibition to be held in Manchester on 27th - 28th March.

AlphaCropTM will also be distributed through Em-Link LLC, the Boston based Master Distributor for Valcent products in the United States, who have already secured significant interest for the company's VertiCropTM system in a number of major US cities.

GWMAN

02/21/11 9:53 AM

#278 RE: Memdicht #276

I dont know why the Hong Kong deal fell through. The company really did not have the finances to close sales. But I can also think of other possible reasons as well.

As for AlphaCrop, everything takes money. It is my understanding AlphaCrop is still in the company's plans but that selling VertiCrop is the first priority.

One thing is for sure, the current CEO was aware of what happened with both of these, as he was an advisor to the company since April or so, if I remember the PR correctly.

I personally am far less interested in what happened in the last year compared to what happens this year. I will judge the company based on the words and actions of the new CEO and COO.

upshegrows

02/21/11 10:55 AM

#282 RE: Memdicht #276

They discussed this in their July 29th, MD&A report:


Foreign Market Development Initiative: During June, 2010, the Company’s wholly owned subsidiary, Valcent Products EU Limited signed an agreement to supply a VertiCrop(TM) high density plant growing system to VF Innovations Ltd. (VFI), a new Hong Kong company specifically created to foster innovation in vertical farming. Valcent entered into discussions to form a Hong Kong-based partnership with VFI to manufacture and distribute the company's vertical growing systems for the Peoples Republic of China (PRC). The VertiCrop(TM) system was intended to sell fresh produce to the Hong Kong market and to serve as a demonstration unit for future customers and partners in the PRC as well as other segments of the Asian market. During ensuing negotiations, VFI decided not to proceed with the initiative, and as at the date of this report, the business relationship has been ended.