SPOTLITE360 TECHNOLOGIES, INC. (“Spotlite360” or the “Company”) is pleased to announce that it has entered into a one-year agreement with Denver-based Sewald Hanfling LLC (“Sewald Hanfling”) to create and execute business development strategies for the commercialization of the Company’s SaaS-based supply chain solution (the “Spotlite360 Technologies”) in the healthcare, pharmaceutical, and cannabis categories. Founded in 2012, Sewald Hanfling is a public affairs firm with specialties to include government affairs, lobbying (local/state/federal), and business development. With a primary focus on markets in the state of Colorado, Sewald Hanfling has recognized opportunities for major players in both government and industry to leverage blockchain and Internet-of-Things (“IoT”) technologies to unlock new business value, optimize workflows, improve visibility, and facilitate compliance with new and emerging government and regulatory mandates.
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In a press release dated August 11, 2021, Spotlite360 announced an agreement with one of the longest-established cannabis dispensary operators in Colorado to explore potential integrations of the Spotlite360 Technologies into its systems. Such integrations could be instrumental to efforts to expand into other states by providing an unparalleled level of visibility into the movement of goods in the supply chain. By ensuring each and every stakeholder in a supply chain is held accountable through immutable reporting on a distributed ledger through autonomous tracking instruments, solutions such as the Spotlite360 Technologies can set new standards in a variety of commercial sectors. As such, the Company intends to explore opportunities to encourage policy changes through Sewald Hanfling’s nationwide network of elected officials whose supervision of industries such as healthcare, pharmaceutical, and cannabis can provide valuable insights with respect to where solutions such as the Spotlite360 Technologies can be the most impactful.
Under its agreement with the Company, Sewald Hanfling will be paid a referral commission for introductions of accounts who enter into service contracts for integrations of the Spotlite360 Technologies. With its extensive base of private sector clients throughout Colorado and elsewhere in the United States, the Company’s management believes that Sewald Hanfling will be a strategic channel partner for the Spotlite360 Technologies, driving pipeline growth and revenue opportunities for the Company.
Spotlite360 President James Greenwell commented, “Virtually every industry in the world can benefit from improved supply chain visibility and oversight made possible through technologies such as blockchain and IoT, which are the backbone of the Spotlite360 Technologies. Throughout the 20th century, computers and the Internet improved the availability of information among parties in a supply chain, allowing firms and service providers to operate more efficiently and with less risk. As these technologies set new de facto standards in each industry, many of those standards soon became law to the benefit of industry players as well as the end consumers. We believe that new paradigms are coming into place as blockchain and IoT lead the way in shaping the digital supply chains of 2021 and beyond, and we are grateful to have Sewald Hanfling on our side as a partner who can assist us in navigating how new regulations are established, in addition to making introductions to potential new accounts through their extensive network and client base.”
Sewald Hanfling co-founder R.D. Sewald also commented, “Based on our combined decades of experience with public policy and legislation, it is clear to us that lawmakers across the country are prioritizing the new standards of consumer satisfaction as a central consideration in forming regulations. Companies of all sizes have been nothing short of emphatic in recent years about their commitment to environmental, social, and corporate governance (‘ESG’) goals and standards, though the actual impact of such commitments can be quite difficult to measure or evaluate in a meaningful way. The Spotlite360 Technologies provide an interconnected, high-tech, and robust option for firms to continuously gather and assess data from every step in the supply chain, which we believe aligns with the common policy goals that ultimately stand to benefit the general public through higher standards among suppliers. We look forward to working with Spotlite360 and making introductions to our many contacts who can open doors leading to possible integrations, initially in healthcare, agriculture, and cannabis.”
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