Business
Official Launch of sensorGROW
Official Launch of sensorGROW.
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 Official Launch of sensorGROW\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, announces the official launch of its sensorGROW product, which provides clients with real time and historical data of their growing environment, at GreenTech 2022, RAI Amsterdam.\n \n \n \n \n \n The technology enables farmers to monitor the following key growing factors (which are known as the nine cardinals of plant life) in real-time: air speed, carbon dioxide levels, humidity, light, oxygen, plant disease, soil, temperature and water pH levels - with possible benefits including reductions in water usage, nutrients, fertilisers and energy while increasing yields and producing healthier crops.\n \n \n \n \n \n Once collected, the data gathered by sensorGROW is relayed to Light Science Technologies' software application, where the grower can observe, in detail, the environment in which their crops grow and make adjustments as required.\n \n \n \n \n \n By providing access to large volumes of real world farming data, the Group aims to further increase the accuracy and precision of its full service CEA offering. Importantly, the sensor offering will operate on a subscription basis, further enhancing the Company's recurring revenue model. The Company has already signed up a number of beta testers, which it is aiming to sign up on three-year contracts as it targets a CEA market estimated to be worth £20.5 billion with a projected CAGR of 21.1% by 2025. Management remains focused on delivering on is sales pipeline of quoted work, which currently stands at over £60 million.\n \n \n \n \n \n For further information please view this video, detailing sensorGROW's capabilities:\n \n \n (13) Light Science Technologies | SensorGROW - YouTube\n \n \n \n \n \n \n \n \n Simon Deacon, CEO and founder of Light Science Technologies, said\n \n : \"Over time, sensorGROW's analysis of the growing environment is expected to enable customers to have knowledge of their crops' health far in advance of when would be humanly possible through traditional observati...