Surna Cultivation Technologies Signs $2.1 Million Contract

Rhea-AI Summary

CEA Industries Inc. (NASDAQ: CEAD) subsidiary, Surna Cultivation Technologies, has secured a $2.1 million contract for HVACD systems with a Maryland facility. This agreement follows previous work on a 37,000 square-foot cultivation space. The project includes comprehensive HVACD equipment such as EnviroPro™ air handlers, IsoStream® fan coils, and SentryIQ® controls. Surna's advanced technology aims to enhance environmental control and energy management for cultivators.

Positive

• Secured a $2.1 million HVACD contract, indicating strong demand for services.
• Previous successful MEP engineering work led to this new contract, showcasing customer trust.
• Implementation of proprietary technology (SentryIQ) for improved energy management.

Negative

• None.

An Additional Multi-Million Dollar Contract Signed for HVACD Systems

Louisville, Colorado, March 10, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ: CEAD) subsidiary, Surna Cultivation Technologies LLC, a leader in controlled environment agriculture (CEA) systems engineering and technologies, today announced it earned yet another multi-million-dollar contract.

“We are pleased to announce a signed contract for $2.1 million with a facility in Maryland,” said Jon Kozlowski, Surna’s Vice President of Sales. “Earlier in 2021, Surna performed the mechanical, electrical, and plumbing (MEP) engineering services for this 37,000 square feet of cultivation space. Thanks to the value added as a result of this work, we have been awarded the HVACD and controls equipment portion of the project.”

This project includes HVACD equipment for the veg, flower, mother, clone, and dry cure rooms, as well as comfort cooling in the office spaces. As part of the HVACD equipment order, Surna is providing its EnviroPro^™ air handlers, IsoStream^® fan coils, Surna by Anden dehumidifiers and humidifiers, boilers, and chillers. The project also includes controls design services and Surna’s proprietary controls system, SentryIQ^®. The SentryIQ system will control the mechanical system, lighting, CO₂ injection_, and exhaust/purge systems and intake.

Troy Rippe, Surna Cultivation Technologies Vice President - Operations and Development, stated, “SentryIQ’s sensors, controls and automation platform helps our customers achieve the precision environmental control, energy management, and monitoring required by serious controlled environment agriculture growers. We are confident that Surna’s combined engineering services, controls design services and HVACD equipment will enable our customer to efficiently produce high quality, high yield products.”

About CEA Industries Inc.
CEA Industries Inc. (www.ceaindustries.com), is home to industry leaders in controlled environment agriculture, with complementary and adjacent companies added to its portfolio when aligned with the company’s growth initiatives. As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems.

Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Through future partnerships and mergers and acquisitions, both financial and strategic, CEA Industries will continue its pursuit of companies that bring accretive value to its customers and investors.

About Surna Cultivation Technologies

Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. We provide full-service licensed architectural and mechanical, electrical, and plumbing (MEP) engineering services, carefully curated HVACD equipment, proprietary controls systems, air sanitization, lighting, and benching and racking products. Our team of project managers, licensed professional architects and engineers, technology and horticulture specialists and systems integrations experts help our customers by precisely designing for their unique applications. Through our partnership with a certified service contractor network, we provide installation and maintenance services to assist in a smooth build-out and optimal facility performance. We have been providing solutions to indoor growers for over 15 years and have served over 800 cultivators with over 200 of them being large, commercial projects.

Headquartered in Louisville, Colorado, we leverage our experience in the industry to bring value-added solutions to our customers that help improve their overall crop quality and yield, optimize energy and water efficiency, and satisfy evolving state and local codes, permitting and regulatory requirements.

Contact:
Jamie English
Vice President, Marketing Communications
jamie.english@surna.com
303.993.5271

FAQ

What is the value of the recent contract signed by CEA Industries?

The recent contract signed by CEA Industries is valued at $2.1 million.

Which subsidiary of CEA Industries signed the HVACD contract?

The HVACD contract was signed by Surna Cultivation Technologies, a subsidiary of CEA Industries.

What services does Surna provide under the new HVACD contract?

Surna provides HVACD equipment and controls design services as part of the new contract.

When was the HVACD contract with the Maryland facility announced?

The HVACD contract was announced on March 10, 2022.

How does Surna's technology benefit controlled environment agriculture?

Surna's technology enhances precision environmental control and energy management for agriculture growers.