Curated News
By: NewsRamp Editorial Staff
March 27, 2024

Light Science Technologies Secures Grant for Food Production Research

Reddit Discuss on Reddit
Source News Release

TLDR

  • Light Science Technologies receives a £188,251 grant to transform food production, gaining a competitive advantage in the smart agriculture market.
  • The grant supports the development of soil condition sensors to optimize fertiliser and energy usage, enhancing crop yields and agricultural practices.
  • The project aims to make agricultural practices more cost-efficient, ultimately contributing to a better world by enabling continuous crop growth and increasing food production.
  • The smart agriculture market is projected to reach $55 billion by 2032, with a 12% growth rate, highlighting the potential impact of this initiative.

Impact - Why it Matters

The grant received by Light Science Technologies has the potential to revolutionize food production, enhancing crop yields and making agricultural practices more cost-efficient. The development of sensors for monitoring soil conditions could lead to significant improvements in crop growth and contribute to a more sustainable and productive agricultural industry. This news highlights the growing importance of technology and innovation in the agriculture sector, impacting not only the company but also the global food supply chain.

Summary

Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon discusses a £188,251 grant from The Department for Environment, Food and Rural Affairs (Defra) and Innovate UK, for a collaboration aimed at transforming food production. The grant supports the development of sensors for monitoring soil conditions, complementing the company's existing air zone sensors. This initiative, led by Light Science Technologies in collaboration with Bridge Farms and Zenith Nurseries, aims to enhance crop yields and make agricultural practices more cost-efficient by optimising fertiliser and energy usage. The company expects to integrate the new sensor technology into its SensorGrow product range for commercial sale after a 12-month trial period.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Light Science Technologies Secures Grant for Food Production Research

blockchain registration record for the source press release.