WEST PALM BEACH, Fla., Dec. 15, 2017 (GLOBE NEWSWIRE) -- Greenfield Farms Food, Inc. ("GRAS" or the "Company") (OTC PINK:GRAS) confirmed today that the Company has secured a significant trial order with a major automotive manufacturer related to the Company's proprietary technology for an automotive application. The initial production is expected to commence in first quarter of 2018.
Jason Koo, the Company's chief executive officer, stated, "The Company has developed a unique technology which will greatly improve fuel efficiency. Based on independently validated current test data, confirming double digit fuel savings, consumers can expect significant cost savings."
Additionally, the Company announced it will soon be launching a new line of humanoid robotic assistants designed for health care sector. The fully automated robots are designed to dispense medication and perform around the clock monitoring of a patient's overall health and vital signs. The robotic personal assistant will be best utilized for in home health care applications, nursing care facilities and other health care industry services.
Koo stated, "We are very excited with the ongoing success of the beta testing currently being conducted. The personal service robotics market is growing to the scale of the global consumer appliance market. According to P&S Market Research, the 'Global Personal Robots Market Size, Share, Development, Growth and Demand Forecast to 2022' is projected to reach $34 billion up from $3.8 billion in 2015. We are positioning our company to capitalize on this growth."
About Greenfield Farms Food, Inc.
Greenfield Farms Food, Inc. is a publicly-traded nominally capitalized company operating through its wholly-owned subsidiary Carmela's Pizzeria Co, Inc. through the Carmela's Pizzeria Dayton restaurant locations that include pizza buffets, alcohol service, delivery and carry-out depending on the location. On December 1, 2017, the Company entered into a Letter of Intent (the "LOI) to acquire certain assets of Ngen Technologies USA, Corp. ("Ngen"). The assets to be acquired center around Ngen's automotive technologies business. Pursuant to the LOI, the Company will issue the 1,000 authorized shares of Series E Preferred Stock that is convertible into 85% of the issued and outstanding common stock of the Company at the time of the conversion.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
For more information call Edward Carter at 980-348-8825Read Greenfield Farms Food Inc. Announces Receipt of Significant Trial Order and Intellectual Property Update on Globe Newswire