VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / Glenbriar Technologies Inc. (GTI-X.CN) (the "Company") wishes to provide an update to its March 15, 2019 press release announcing an arms length agreement to acquire all of the shares of private BC-based Eleos Robotics Inc. ("Eleos"). The agreement contemplated that the Company will issue 100% of the issued and outstanding shares of the Company, at a deemed value of approximately $4.75 million, to the shareholders of Eleos, but only upon certain development and commercialization milestones being met, which was anticipated to take up to12 months.

To date, the Company has advanced $665,000 to Eleos for development purposes. The parties have decided to terminate the proposed reverse take over of the Company by the Eleos shareholders. In its stead, the Company has acquired 18% of Eleos in return for advances made. The Company also has rights of first refusal in respect to future financings, and Eleos will repay $40,000 of out of pocket expenses the Company has incurred in this transaction.

The Company is actively looking at other possible acquisitions in the technology field. Its shares have been halted from trading pursuant to CSE policies governing reverse takeovers. Now that no longer applies, the Company anticipates that trading will resume shortly.

About Eleos

Eleos plans to design a fully autonomous, eco-friendly, and sustainable weeding technology for growers. Once built, the RoboWeeder is anticipated to be sold fully maintained and monitored remotely. The technology better reflects consumer demand for organic produce and uses cutting-edge technology in robotics and artificial intelligence. There are several patents pending surrounding this technology.

Once completed the RoboWeeder is expected to be a technology driven solution to a farm process that is time-consuming, laborious, and expensive and currently has no sustainable alternatives. It proposes to reduces labour and make herbicides obsolete. Unlike pulling or hoeing weeds, it is fully automated, and unlike herbicides, is sustainable and eco-friendly. The RoboWeeder is expected to save time, increase productivity, and is fully organic.

RoboWeeder is anticipated to be able to detect, identify, and then eliminate weeds that destroy growers' crops. It is anticipated that it will autonomously patrol crops searching for weeds, and then eliminate them with a high-precision directed microwave. The target goal will be to create a 10-acre "weed-free zone". It is proposed to be self-charging with an autonomous station and be able to operate day and night without supervision.