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Hemp Inc (OTCMKTS:HEMP) stated that it now has efficient Guard Lite Security Lighting fixture in its North Carolina decortication facility. Liberated Energy, Inc. have developed and installed the new lightning systems. It is a firm located in New Jersey and is functional in the segment of lightning and security system.

The details

Hemp Inc disclosed that the new system can be called as a self-powered lighting and security fixture. The company’s IHMMCC unit entered into a strategic association with Liberated Energy to get the new system. The company is dedicated to transform the plant into one of the most advanced plants. It is evident in the new system that not only has LED lights but also comes with Wi-Fi based HD camera. Moreover, the camera also features 2-way audio and infrared and motion technology.

Power saving

Apart from the innovative features, Hemp Inc will benefit on the aspect of power saving with the new system. It uses power of .60 KWh in a day and generates power of 4.5 KWh. The company aims to use the additional power to run other devices. It in fact is looking to sell the power to Duke Energy. For the purpose, David Schmitt who is the COO of Hemp IHMMCC will visit North Carolina’s Duke Energy.

The discussion

The two parties will have elaborated talks on surplus power. The Chief Executive of Hemp said that the company’s focus is on clean, sustainable and renewable energy. The Lightning system is the first step in the same direction. The HD camera that comes in-built within the system can be accessed from any location using a computer or Smartphone. The future plan includes acquiring two additional systems in order to get complete visual protection.

In last trading session, the stock price of Hemp declined more than 4% to close the trading session at $0.0200 on share volume of 4.84 million.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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