Business
Expansion of nurturGROW Range & CEM update
Expansion of nurturGROW Range & CEM update.
About this update from Light Science Technologies Holdings Plc
[{"type":"text","content":"\n \n \n \n Light Science Technologies Holdings plc\n \n \n \n (\"LSTH\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Expansion of nurturGROW Range\n \n \n \n \n and CEM division update\n \n \n \n \n \n \n \n \n Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture (\"CEA\") technology and contract electronics manufacturing (\"CEM\") group, is expanding its nurturGROW lighting product portfolio with the launch of its 'slimline' Vertical Farm range, further reducing the space and energy required for multi-layer applications.\n \n \n \n \n \n ·\n Expanded range broadens routes to market\n \n \n ·\n Expected margin improvement on Virtical Farm sales\n \n \n ·\n Increasingly sustainable model\n \n \n ·\n CEM division strengthens relationship with Rentokil\n \n \n \n \n \n The Vertical Farm range, which is ideal for cultivation, is designed to maximise space within a vertical/city farm, container or research centre - broadening the reach of nurturGROW's solutions, which currently predominantly target glasshouse and polytunnel growers. As with its existing products, users will benefit from reductions in energy requirement and reduced operating costs without compromising performance. Additionally, the Vertical Farm range has lower production costs, which is expected to have a positive effect on margins as sales scale up in the medium to long term.\n \n \n \n \n \n The nurturGROW lighting portfolio provides growers with a compelling, energy efficient solution and recyclable and reusable design. At least 85% of its components are reusable, allowing growers to easily upgrade units cost effectively and with no downtime - further enabling farmers to maximise yields and reduce costs.\n \n \n \n \n \n nurturGROW's product range delivers up to nine independent light spectrums meaning that growers can choose the right crop recipe. These can easily be changed/updated using the same lighting system, to give the flexibility of a tailored option to create the perfect light spectrum for crops through the complete crop growth cycle.\n \n \n \n \n \n The Company is launching the expanded range at the Indoor Agtech Innovation Summit, New York, which is attended by the world's leading growers, retailers, investors, seed companies and technology providers - with the ...