Ecoark Completes Acquisition of 440labs, Adding Leading Enterprise Cloud Solution Developer to its Portfolio

440labs CEO Scott Durgin Will Join Ecoark Subsidiary Zest Labs as Chief Technical Officer

Rogers, AR – May 24, 2017 – Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), a diversified holding company, today announced that it has completed the acquisition of 440labs, a cloud and mobile software developer, to support its subsidiary, Zest Labs, adding to their leadership in increasing supply chain expertise in an all-stock transaction. The company also announced that 440labs CEO Scott Durgin will join Zest Labs as Chief Technical Officer.

With this acquisition, 440labs will become a wholly-owned subsidiary of Zest Labs. The company will provide development and runtime operations expertise to help expand the depth and breadth of Zest Fresh deployments. 440labs has been a key development partner of Zest Labs for more than four years, contributing its expertise in scalable enterprise cloud solutions and mobile applications.

“After years of collaboration, the acquisition of 440labs was an easy decision for our team as we continue to develop the Zest Fresh solution,” said Peter Mehring, CEO of Zest Labs. “Additionally, having Scott join our team as CTO will be invaluable, as he brings the necessary domain expertise to aid in increasing our supply chain efficiencies.”

At Zest Labs, 440lab’s leadership and engineering teams will augment the company’s development of modern, enterprise-scale solutions that connect to distributed IoT deployments. 440labs blends onshore/offshore resources to optimize development and provide extended runtime operations coverage, which is critical to broad-based deployments. The 440labs name, brands and office locations will not change as a result of the transaction.

“Our team is excited to officially be part of Zest Labs and further strengthen the Zest Fresh solution in the market through our technical expertise,” said Durgin. “Zest Labs is entering into an exciting stage of its growth and 440labs’ technology will help fuel the company as it continues on its successful trajectory.”

About Ecoark Holdings Inc.
Founded in 2011, Ecoark Holdings, Inc. is a diversified holding company focused on delivering long-term shareholder value. The company currently has three wholly-owned subsidiaries: Zest Labs, Pioneer Products and Magnolia Solar. For more information, please visit www.ecoarkusa.com, and follow us on Twitter and LinkedIn.

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: access to growth capital on favorable terms; 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.

Contacts:

Investor Relations:

John Mills, Managing Partner
ICR, Inc.
646-277-1254
John.Mills@icrinc.com

Public Relations:

Keith Watson
fama PR
617-986-5001
ecoark@famapr.com

Ecoark Announces $10 Million Registered Direct Offering

Rogers, AR – May 23, 2017 – Ecoark Holdings, Inc. (OTCQX: EARK), a diversified holding company, today announced that it has entered into definitive agreements with two existing institutional investors for an offering of 2,500,000 shares of common stock, at a price per share of $4.00, issued with warrants to purchase 1,875,000 shares of common stock. The warrants have an exercise price of $5.50 per share and will expire five years from the date of issuance. The closing of the offering is expected to take place on or about May 26, 2017, subject to the satisfaction of customary closing conditions.

Rodman & Renshaw, a unit of H.C. Wainwright & Co., is acting as the exclusive placement agent in connection with this offering. Net proceeds from the offering are expected to be approximately $9.1 million, excluding potential proceeds from the exercise of the warrants. Ecoark intends to use the net proceeds from the offering for growth and working capital to help its subsidiaries’ commercialization efforts, such as Zest Labs, and to add additional strategic acquisitions to its portfolio.

The securities described above are being offered by Ecoark Holdings pursuant to a shelf registration statement (File No. 333-213186) previously filed with and subsequently declared effective by the Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov and following such filing, copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained at the SEC’s website at http://www.sec.gov, or from H.C. Wainwright & Co., LLC by e-mailing placements@hcwco.com or calling 646-975-6996.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein. There shall not be any offer, solicitation of an offer to buy, or sale of securities in any state or jurisdiction in which such an offering, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ecoark Holdings Inc.
Founded in 2011, Ecoark Holdings, Inc. is a diversified holding company focused on delivering long-term shareholder value. The company currently has three wholly-owned subsidiaries: Zest Labs, Pioneer Products and Magnolia Solar. For more information, please visit www.ecoarkusa.com, and follow us on Twitter and LinkedIn.

Forward Looking Statement:
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations and statements relating to our expectations regarding the completion of the proposed registered offering. 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; our ability to list our shares of common stock on a national exchange; the timing, size and closing of the offering, the use of proceeds from the offering and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Other factors that may cause such a difference include, without limitation, risks and uncertainties related to market and other conditions, the satisfaction of customary closing conditions related to the proposed registered offering and the impact of general economic, industry or political conditions in the United States or internationally. 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.

Contacts:
Investor Relations:
John Mills, Managing Partner
ICR, Inc.
646-277-1254
John.Mills@icrinc.com

Public Relations:
Keith Watson
fama PR
617-986-5001
ecoark@famapr.com

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.