SOURCE: Novagant, Inc.

Novagant NVGT

April 22, 2014 09:00 ET

Novagant, Inc. Acquires Innovative LED Light Invention For Maximum Yield Designed For Cannabis and Botanical Cultivation

DENVER, CO--(Marketwired - April 22, 2014) - Novagant, Inc. (PINKSHEETS: NVGT) is pleased to announce that the Company has acquired full proprietary and intellectual property rights to a newly invented light device that can provide programmable and adjustable lighting intended for the indoor growth and cultivation of plants but with a specialization for cannabis plants. This invention will have one of the best pound per watt yield in the industry.

This is the first of many new products being delivered to the Company by its new Vice-President, Michael Thornton.

The Company expects to seek patent protection before unveiling more details regarding the new invention.

Generally, the invention is designed to be universally mountable with any indoor grow rooms and boxes, and also designed to provide sufficient lighting to maximize yield for cannabis cultivation, with a substantial reduction in both energy consumption and heat output. Licensed growers can expect to grow more plants with less electricity costs and with a cooler-running light.

In addition, the invention includes a smart driver that is pre-programed to settings that are optimal for Cannabis plants, and adjusted for the various stages of growth for Cannabis plants.

"I designed the new light invention specifically to benefit the growing sector of Cannabis cultivation. I have researched the light needs of Cannabis plants at their various growing stages, and have programmed the invention to provide the needed types of light beneficial for indoor growing," said Michael Thornton, Vice-President of the Company. "The invention will have a tremendous fit with licensed growers who are driven to grow more Cannabis at lower costs." 

About Novagant, Inc.

Novagant, Inc. was incorporated in the state of Nevada on February 23, 1987 originally under the name of Kendrex Systems, Inc. The Company underwent several name changes, and ultimately on November 26, 2013 changed its name to Novagant, Inc. Please visit: www.novagant.com.

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

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