Agritech specialist Light Science Technologies (LST) has announced it has secured contracts for a further two trials for its recently launched sensorGROW.
If successful, the contracts, including one with a leading UK brand of preserves, marmalades and associated products, could roll into subscriptions and be worth up to £167,000 in recurring revenues over a three-year period. These trials are in addition to the ones announced in September, with a potential value of up to £940,000. LST also remains in talks with a variety of other growers regarding sensorGROW trials.
Following its launch earlier this year, the all-in-one growing intelligence tool is aimed at giving indoor farmers better environmental control, with benefits including reductions in water usage, nutrients, fertilisers and energy while increasing yields, producing healthier crops and reducing waste.
LST has also filed a PCT patent with the Intellectual Property Office for its nurturGROW 'tuneable' luminaire, featuring its pioneering LED grow lighting technology.
The slimline designed grow light allows any indoor grower the ability to adjust both the lighting output to optimise energy costs and also adjust and precisely tune the light emission spectrums to suit a crop's growth cycle, which in turn allows the grower to choose the light recipe for a variety of crops. This level of control is achievable at the touch of a button through nine independent light spectrums.
Ideal for vertical farms and other multi-layer growth applications, nurturGROW is specifically suited for use in a closed, climate controlled growing facility and can maximise space, thanks to its lower profile and bespoke length. It can deliver an efficacy of up to 2.8 umol which aids reductions in energy requirement and lowers operating costs, while maintaining performance.
Simon Deacon, CEO and founder of Light Science Technologies, said: "We remain focused on growing recurring revenues by providing technology, data collection, advisory and maintenance services for the CEA market. Our product range is steadily expanding and we very much look forward to building on our recent momentum.
"We're experiencing strong growth as the sector looks to grow produce more intelligently and sustainably, as global food security becomes more of a critical issue. COP27 is seeking to put more pressure on governments to urgently adopt a shift in thinking to rebuild the broken food system; this in turn will only create more demand for products and technology that offer an energy and cost-efficient solution, reducing reliance on imports."
About Light Science Technologies Ltd
Light Science Technologies Ltd delivers lighting, science and research-proven plant monitoring technology and software in partnership with world-leading university research teams. We work across multiple indoor applications including vertical farming, greenhouses and poly tunnels across different plant species, delivering the right solution no matter what environment. Our integrated technology solution for Controlled Environment Agriculture (CEA) applications for next-generation scalable farming helps customers grow more with less. For further information, visit: www.lightsciencetech.com.
About Light Science Technologies Holdings plc
Light Science Technologies Holdings Plc brings together market-leading controlled environment agriculture technology (Light Science Technologies Ltd) and quality led UK based electronic manufacturing (UK Circuits and Electronics Solutions Ltd) to help our customers grow more with less. We specialise in creating and manufacturing bespoke solutions for global clients across agriculture, electronics, audio, automotive, AI technology and pest control industries.