Light Science Technologies declare an exclusive distribution agreement with agricultural automation supplier AgriLogiq Technical Systems , which will activate the ship’s company to commercialise and sell its nurturGROW visible radiation in South Africa .
LSTH and AgriLogiq management signing the agreement
direct a rapidly growing market"Due to piddle shortages , pathetic soil for raise crops and harsh growing experimental condition , there is unassailable demand for groundbreaking land solutions - and especially vertical farming - in South Africa " , articulate Non - Executive Director , Richard Mills . " This concord , which is for an initial period of five years and with exclusivity subject to certain performance targets being met , is an authoritative first step in the development of our global partnerships strategy . This scheme help low - toll and low hazard entry into expected high - growth market place with pardner that are already plant in the industry , enabling us to target global customer bases that are actively seeking CEA products and solutions . "
pregnant chance for targeted global partnership strategyFurther distribution agreement arrangement are being developed in other strategic high - growth geographies , an initiative that is being lead by management in conjunction with the assistance of Richard - whose expertness and link base has take to a word of mouth of new development opportunities . " We ’re focused on developing this strategy in the come month and attend forward to allow further update in due trend . "
Simon Deacon , Chief Executive Office at LSTH commented : " We are captivated with this partnership , which is the first of many we look to implement globally . We believe there will proceed to be a compelling backdrop for our answer and look forrard to direct high - growth regions , particularly where growers have been less impacted by gamey input costs and where need is synergistic with our production base . "
Joel van der Schyff , Managing Director at AgriLogiq gloss : " We are emotional to join force with LST because their products surpass in quality , modularity , and design , exactly aligning with our team ’s needs . to boot , their exceptional service and agronomy funding create a interactive partnership , assure our client that they ’re invest in the highest calibre product available for their nursery and grow operations . We look to a bright future , work closely with the LST staff to develop unique and innovative solution for South Africa . "
For more data : Light Science Technologieswww.lightsciencetech.com
