Ecoark Holdings, Inc. Completes Sale of Eco3d

Company reallocating capital as it continues focus on generating long-term shareholder value through commercialization of core technologies and new strategic acquisitions

Rogers, AR (April 17, 2017) – Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), a provider of a suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today announced it has completed a sale of the assets of its subsidiary, Eco3d, for cash and assets with a value of approximately $4.8 million. The transaction was completed on April 14, 2017.  Proceeds from the sale consist of $1.9 million cash, 560,000 shares of Ecoark Holdings, Inc.’s common stock, returned to the company by the buyer’s principals at $4.74 per share, the closing share price on the date of the transaction closing, and the assumption of liabilities, including $200,000 payable to Ecoark Holdings within four months.

“This transaction is another significant step in our strategic growth plan, as it allows us to further focus our efforts on the commercialization and eventual profitability of our core technologies, such as Zest Fresh, and to add additional strategic acquisitions to our portfolio that provide the greatest opportunity of generating long-term shareholder value,” said Jay Puchir, CEO, Ecoark Holdings, Inc. “Eco3d was a positive addition to our portfolio, as it had strong management and was well recognized as an industry-leader within its space. As Ecoark continues to hone its focus towards its core mission, we will continue to allocate new and existing capital toward investments that provide long-term shareholder value as we enter this exciting next phase for our Company and our shareholders.”

The sale is one of several recent steps taken by the Company to further streamline operations and reallocate capital to achieve its core mission – generate long-term shareholder value by establishing and developing a portfolio of subsidiaries featuring either stable, free cash flow positive businesses or opportunistic, scalable technologies. The Company will continue its production of commercialized solutions to solve the $35 billion dollar problem of fresh food loss within the supply chain, led by its wholly owned subsidiary Zest Labs and its fresh management solution, Zest Fresh. Zest Labs has an opportunistic, scalable technology that reduces waste and maintains freshness quality, consistency, and margins within the fresh foods supply chain, providing real-time feedback that empowers workers to maintain best practices.

About Ecoark Holdings, Inc.

Based in Rogers, AR and founded in 2011, Ecoark Holdings, Inc. is a growth-oriented company based in the retail and logistics hub of Northwest Arkansas. Ecoark’s current portfolio of subsidiaries monetize the reduction of waste in Operations, Logistics, and Supply Chains across the evolving global economy.

Ecoark’s vision is to deploy a company-first philosophy using radical transparency to optimize capital deployment via aggressive deal flow sourcing and vetting, and achieve financial objectives by hiring and developing strong, properly incentivized managers.

Ecoark addresses these vital economic factors through three active subsidiaries, Zest Labs, Pioneer Products, and Magnolia Solar.

For more information, please visit http://www.ecoarkusa.com/.

Forward Looking Statement:

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

Ask The Thought Leaders: What’s the Future of Construction? (Future of Everything)

Mysteries around construction during ancient times still exist today.

How did the pyramids really get built? What really happened at Stonehenge?

While historians will continue to debate how these ancient marvels were built, the rest of us may never know for sure. The one thing we do know is that construction has changed. A lot.

And if you look forwards the future, it’s clear that even bigger change is on the horizon. So get a better understanding of what the future of construction looks like, we reached out to industry experts and asked:

What’s the future of construction?

Here’s what we discovered…

Ken Smerz, President & CEO of Eco3d

“Eco3d specializes in 3d measurement technology – the fastest, most accurate form of measurement – and in producing 2d/3d digital representations of the collected data for the construction industry. As a leader in this field, we’ve employed LiDAR technology for as-builts for quite some time, and we’re now seeing an upward trend for applications in new construction as well.

I believe that this increased utilization is due to the immediately realizable value in terms of time and materials costs. Once an owner, architect or project manager has experienced first-hand the speed and level of accuracy achievable, they are usually loyal converts. Savings due to schedule compression and the ability to pre-fabricate materials offsite to exact dimensions make a highly favorable impact on a project budget. We’re also able to uncover critical conditions ahead of demolition and/or construction – allowing the team to mitigate previously unforeseen issues in advance, which again contains costs”

To read more from Future of Everything, please visit their website.

Keeping the planes running on time: How construction tech cuts delays during airport upgrades (Construction Dive)

How do you fly a construction drone over an international airport? Start with the same requirements for your average commercial jet airliner, including a licensed and experienced pilot, a few co-pilots, and a live radio link to the air traffic control tower. You’ll also need special permission from the Federal Aviation Administration for take-off and flight operations in Class B restricted airspace.

They are huge profit centers and almost always the largest source of local tax revenue,” said Ken Smerz, president and CEO for Phoenix-based Eco3d, a national reality capture, 3-D modeling and engineering consultancy that has worked on modernization projects at the San Francisco International Airport, McCarran International Airport in Las Vegas, Chicago’s Midway International Airport and LAX, among others.

To read more from Construction Dive, please visit their website.

Scanning Efficiency for Complex Structures (LiDAR Magazine)

Just as rugged terrain poses challenges to survey efforts for construction projects, internal scanning for commercial renovation projects can prove to be just as complicated with complex architectural builds. Structured Real Estate Partners saw just how difficult this could be with their recent renovation and reuse project for an old church based in Scottsdale, Arizona. The project, titled Meetinghouse at 3080, was designed to transform the beautiful and intricate inner workings of an abandoned church into a bustling retail, restaurant and commercial office space.

To maximize measurement accuracy and reduce the amount of time needed when compared to traditional surveying methods, Structured Real Estate turned to Eco3d, a portfolio company of Ecoark Holdings, Inc., that measures structural, mechanical, and architectural conditions using a variety of instruments in 2d and 3d.

To read more from LiDAR Magazine, please visit the digital issue and go to page 10.

Ecoark Holdings, Inc. Highlights Milestones from Successful 2016

Through its subsidiaries, Company continues growth and expansion of market share by providing sustainable technology solutions to reduce waste and improve business efficiencies

Rogers, AR (January 18, 2017) Ecoark Holdings, Inc. (“Ecoark”)(OTCQX: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today commented on several milestones from 2016 that led to growth and a stronger positioning for the Company.

In April, Ecoark successfully completed a $17 million equity offering, infusing the Company with capital to continue the development of its proprietary technologies and solutions. The capital raise exceeded initial targets, as investors showed tremendous support for the Company and its vision moving forward.

Ecoark also announced several key partnerships and acquisitions that enabled the Company to broaden its service offerings and expand upon its potential customer base. The acquisition of Sable Polymer Solutions in May, when rolled up under Ecoark subsidiary Pioneer Products, created a vertically integrated supplier of recyclable products, allowing the Company to target an even bigger piece of the annual $11.5 billion in recyclable products thrown into landfills each year. A partnership with Retail Monster LLC expanded distribution of those recycled products to retail outlets across the United States.

“I am very proud of the dynamic team of individuals and companies that make up Ecoark Holdings. We have emerged as the only end-to-end solution provider reducing waste across industries including retail, agriculture, food services, commercial real estate and architecture, engineering, and construction markets,” said Randy May, Chairman and CEO, Ecoark Holdings, Inc. “This past year we have made impressive strides including mergers and acquisitions which have brought us to be a publicly traded company with incredible growth potential, all made possible by the hard work and dedication of our incredible team.”

Through its subsidiaries, Ecoark has continued to grow its business across multiple verticals and industries, including food waste, construction and imaging, recycled products, and solar. Individual subsidiary highlights include:

Zest Labs. Intelleflex was rebrand as Zest Labs in late 2016 to better reflect the passion and enthusiasm for solving the problem of post-harvest food waste. Zest Fresh, the company’s fresh food quality management solution, significantly improves delivered quality consistency, which is the primary contributor to post-harvest food waste. The USDA has quantified U.S. food waste at $161 billion annually, significantly impacting farmers and retailers. Zest Labs also recently announced the ZIPR code, its newest metric to simplify fresh food management.

Eco3d. As the largest stand-alone 2d and 3d documentation service provider in the nation, Eco3d recently announced milestone growth in 2016, including the completion of more than 440 projects while doubling its employee count. Business grew 92% year-over-year from 2015, as the Company continues its work with leading brands like Marriot, Gensler, Regal Entertainment Group, and more.

Pioneer Products/Sable Polymer Solutions. Through the acquisition of Sable Polymer Solutions, Pioneer Products is now a vertically integrated supplier of recyclable products. The Sable acquisition expands the capabilities of Pioneer and allows the Company to own the entire lifecycle of the product, from reclamation to development to sale, providing it an advantage within the $11.5B market of recoverable plastic materials.

Magnolia Solar. A developer of nanotechnology-based solar technologies, Magnolia Solar signed a teaming arrangement with InSolare for commercial solar installations. The agreement calls for a purchase order of Magnolia’s thin-film solar PV technology to test it on an existing installation of solar panels on a commercial property. This partnership will allow Magnolia to enhance its commercialization efforts and drive market penetration for the technology.

“Our focus is on the integration of people, processes, and data that strives to overcome operational hurdles to enable businesses and organizations to capitalize upon unrealized revenue potential,” continued May. “Whether food and material waste, wasted dollars, or wasted energy – the end game is the same – we aim to boost sustainability and reduce inefficiencies that create significant revenue streams for our clients.”

About Ecoark Holdings, Inc.

Based in Rogers AR and founded in 2011, Ecoark Holdings, Inc. is a growth-oriented company based in the retail and logistics hub of Northwest Arkansas. Ecoark’s portfolio of technology solutions increase operational visibility and improve organizational transparency for a wide range of corporate clients.

Ecoark’s technologies fight waste in Operations, Logistics, and Supply Chains across the evolving global economy. Ecoark’s portfolio of companies and technologies work to integrate people, processes, and data in order to overcome ingrained operational hurdles and create new revenue streams.

Ecoark’s vision is to expose the cycles of waste that reduce efficiency and cost effectiveness across the business landscape. Ecoark’s strategically acquired subsidiaries have anticipated and responded to key economic factors impacting every business today.

Ecoark addresses these vital economic factors through four active subsidiaries, Zest Labs, Eco3d, Pioneer Products, and Magnolia Solar.

For more information, please visit www.ecoarkusa.com.

Forward Looking Statement:

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.