Business
Indoor Harvest Corp Announces First Quarter Results
Indoor Harvest Corp Announces First Quarter Results.
About this update from Indoor Harvest Corp.
[{"type":"text","content":"\n\n HOUSTON, May 17, 2016 (GLOBE NEWSWIRE) -- Indoor Harvest Corp (OTCQB:INQD), through its brand name Indoor Harvest®, is a full service, state of the art design-build engineering firm for the indoor and vertical farming industry. The company provides production platforms, mechanical systems and complete custom designed build outs for both greenhouse and building integrated agriculture grows, tailored to the specific needs of virtually any cultivar. The Company is pleased to report first quarter results for 2016. The following information is summarized from our financial statements filed with the Securities and Exchange Commission at the following link:\n https://www.sec.gov/Archives/edgar/data/1572565/000164033416001081/2016mar31-inqd_10q.htm Management will host a conference call on Friday, May 20, 2016, at 2:00 PM EDT, to discuss results and to provide a Q&A session for investors and analysts. Individuals interested in participating may dial in using the information below: Dial In: (855) 551-1031Conference ID: 15407173 A recording will be made available to investors who cannot attend shortly after the call and will be posted to the Company Facebook and Twitter pages. Operational Highlights January 25, the Company introduces Precision Cannabis Cultivation Platform with integrated HVAC and Equipment Financing for Clients through Noesis. Currently two signed design build agreements for a total of 45,000 sq.ft with an estimated $5.4 million project ROM value.  January 27, the Company signed an agreement with IGES Canada Ltd. to provide engineering, procurement and construction services for a period of three years for an existing portfolio of 15 projects. First two projects under this agreement estimated at $13.8 million project ROM value. Current Projects Our current projects involve both Equipment Sales and Design-Build/Engineering, Procurement and Construction Projects, with the status of each as of March 31, 2016 as set forth below.       Project Status as of March 31, 2016 Equipment Price/Design Fee Total ROM Estimate Project-Client Facility Type Project Type  AQ Maryland Cannabis EPCM On hold due to state licensing delays $10,000  $3,400,000 GSS Colorado Cannabis EPCM 22% Completed $5,000 &#...