New deal with one of the largest vertical farms in China

Based in Shanxi, China, Yufeng owns and operates one of the largest vertical farms in the country, which is dubbed as a "plant factory." The parties have agreed to collaborate on a pilot project of 700 square meters (approx. 7,535 sq. ft.) with Mary Agrotech's proprietary automation technology, including its proprietary vertical farming hardware and AI-driven automation software.

"The farm is in a great location as over 600 million people reside within its 500-mile radius. As only about 12% of China's landmass is arable, food security is a key focus for the country, and this pilot is proof that our technology has its unique advantages to be a part of that massive market," said Frank Qin, CEO of the Company. "It's a foot in the door. Now that Yufeng - one of China's leaders in vertical farming and controlled-environment agriculture - is adopting our technology, we are already fielding additional opportunities."

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Photo by Sharat Arackal on Unsplash

Source: MenaFN