Light Science Technologies Holdings working to expand into open agriculture and new markets
October 10, 2023 at 09:22 am
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Light Science Technologies Holdings PLC (AIM:LST) (LSTH) CEO Simon Deacon speaks to Thomas Warner from Proactive about some recent developments at the agricultural technology company. Deacon explains that LSTH has been awarded a share of a £2.3 million grant for a project focusing on potato farming.
Collaborating with institutions like Bangor University and James Hunt Institution, the initiative aims to adapt the company's existing sensors for nitric oxide sensing, crucial for understanding soil conditions.
The sensors will monitor 24/7, providing valuable data on nutrient and fertiliser application, reducing wastage and environmental impact. Deacon portrays it as a lucrative opportunity to expand from controlled into open agriculture.
Additionally, the company has appointed Richard Mills to spearhead global partnerships, leveraging his two decades of experience in agriculture and ag-tech.
Addressing concerns about high input costs in markets like the UK and Europe, Deacon emphasises the importance of global product launches and strategic partnerships for continued growth and profitability.
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Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Light Science Technologies Holdings plc is a United Kingdom-based holding company. The Company operates through three divisions: controlled environment agriculture (CEA), contract electronics manufacturing (CEM) and passive fire protection (PFP). It is involved in the design, manufacturing, and installation of products and customized solutions spanning various industry sectors, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. Its CEA division designs and manufactures technology products and control systems for glasshouses, polytunnels, vertical growing, hoophouses and other indoor growing environments. Its CEM division designs, procures and manufactures CEM products, specializing in printed circuit boards (PCBs) which are used in sectors, including audio, lighting, pest control and controlled environment agriculture. Its PFP division relates to the installation of a retrospective cavity barrier in wall and floor constructions.