HempTech (HTCO) Rolls Out Advanced Energy Management Platform “SmartEnergy” - SmartEnergy Help to Save Between 5% and 25% Annually on Utility Bills for Growers of all Sizes

Company to Negotiate Power Contracts with Utilities on Behalf of Growers

Saint Petersburg, FL, Aug. 15, 2017 (GLOBE NEWSWIRE) -- HempTech Corp. (OTC: HTCO), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and marijuana, announces today the availability of advanced SmartEnergy™ to the growers and cultivators looking to bring sustainable efficiency and cost saving to their grow business. In today’s competitive global economy, with soaring energy prices and environmental regulations, profitability and the ability to quickly analyze and closely control operating costs has become ever more critical.

As an advanced energy management and control product designed and customized for the indoor agriculture industry, SmartEnergy manages and precisely controls the energy use of the grow facility to optimize the environment while minimalizing energy costs. SmartEnergy can help to save between 5% and 25% annually on utility bills. Powerful analytics software looks at data from advanced environmental sensors, located throughout the interior and exterior facility environment.

SmartEnergy collects, analyzes, data logs and visualizes the right information in a way that is intuitive and easy to access. A site summary overview helps provide instant information on energy consumption, financial costs, and the carbon impact on the environmental. SmartEnergy helps to understand energy costs and how to improve the returns to your bottom line. Alerts and an extensive alarm management system provide timely information by sending SMS text messages and emails, as well as delivering rich, browser-independent, visualization to smart devices.

SmartEnergy delivers the back-end calculation, KPI analytics, data historian, reporting, and rich visualization you need to take decisive action to reduce and manage your utility costs and carbon footprint. SmartEnergy provides;

Quick to deploy and achieve ROI - Realize cost savings through informed decisions - Generate Standard Cost, Consumption and Carbon reports - Drill down into causes of abnormal energy use - Scalable from Single Location to Multiple Sites - Universal Connectivity – OPC, BACnet, SNMP, and Web Services - Rich Visualization - Standard and Custom Calculations - Integrated with Microsoft SQL - Clock Synchronization - Integrated Smart Sensors

Company through its newly developed division, Nuvus Energy, will be negotiating power contracts on behalf of the growers using its SmartEnergy platform. The contract negotiation will empower the growers to minimize energy cost through fixed and predictable usage cost for better profitability.

HempTech is committed to bring cutting edge technology to cannabis growers everywhere. The perfect blend of technology and human experience, we bring you the best in automation systems.

For more information on the grow-droid II™ and other products offered by HempTech, please contact us at 727-474-1810 or info@hemptechcorp.com.

About HempTech Corp

HempTech Corp (OTC PINK: HTCO), a Nevada corporation, is a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation. Through HempTech technologies, virtually every component of the plants' vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.

The Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software drives improvement in productivity, efficiency, quality and sustainability. This industrial grade advanced Controlled Environment Agriculture (CEA) with analytical technology software, is being made available to small and large size cultivators that are not yet available in the Cannabis market. HempTech’s goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.

HempTech's mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard CognetiX™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Their Grow!

HempTech -- America's Future Taking Root Today.

To request further information about HempTech, please email us at info@hemptechcorp.com, log onto our website at http://www.hemptechcorp.com or visit us at our Facebook page https://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

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