Vivid Technology begins developing high-energy efficiency solutions for agritech and medical cannabis markets
Tuesday, 19 March 2019 Vivid Technology Ltd (ASX:VIV) has started work with several interested parties to develop high energy efficiency solutions for the horticulture lighting and medical cannabis markets. The company will design, specify and supply optimised MATRIXX intelligent lighting control and Klarity reporting systems to support requirements for the horticulture and agritech market, as well as the more highly-regulated medical cannabis cultivation industry. Vivid’s patented technology will substantially reduce both lighting operating costs and energy consumption, providing customers with a sustainable strategic competitive advantage. Partnering with local and international groups The company is in advanced discussions with several medical cannabis growers to provide an adapted horticulture version of its MATRIXX intelligent lighting control and Klarity reporting systems for both new and retrofit builds. It will leverage the experience and technology developed within its MATRIXX lighting system to assist with solving one of the major challenges in the industry, the cost and efficiency levels of lighting greenhouses. Vivid Technology is partnering with local and international groups to prove its technology in Australia before launching globally.
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