Intelligent Highway Solutions Poised to Beat Forecasts for Q2 2014
Ryan Allway
June 12th, 2014
News, Top News
[stockchart symbol=”IHSI”]
Intelligent Highway Solutions Inc. [stockquote symbol=”IHSI”], an electrical contractor developing and implementing solutions across multiple platforms, recently announced that it expects to report a minimum of $450,000 in revenue for the second quarter ended June 30, 2014, which exceeds its prior projections due to continued progress relating to its Honeywell purchase order.
In March, the company began work under the Honeywell purchase order on a state-run office building. The office building represents one of many in California that are expected to install new temperature control systems that bring them into compliance with the California Title 24 Energy Standards. The company also recently announced its initial shipment of growing lights to the cannabis industry.
Looking ahead, the company’s innovative lighting solutions for cannabis growers could help further expand revenue. Management announced earlier this month that it had shipped its first LED lights to a California medical marijuana grower, while it had received interest from five additional growers in multiple states. By the firm’s estimates, the worldwide market for medical cannabis is $40+ billion in size.
The new lighting solutions use 85% less energy than sodium and metal halide HID lamps and provides more than 400% of the required energy in the proper wavelengths for photosynthesis versus HID lamps. The lights use multiple material systems and the latest semiconductor technology to provide the entire growth spectrum of wavelengths for optimal growth of cannabis plans.
“We know the technology is excellent and it is one of our ambitious goals to become one of the premier lighting choices for growers of medical marijuana,” said CEO Devon Jones in the press release announcing the new solutions.
Shares of Intelligent Highway Solutions Inc. fell 3.33% in early trading on Thursday morning after rising sharply over the past week.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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