E Agri Signs MoU with Chisholm Institute & a JV with a Growing Partner & Local Government in Yixing

E Agri continues to attract significant regional interest in its automated, modular vertical cropping system for leafy green vegetables. The growing technology is suitable for both urban food production and large-scale food production facilities at a much lower cost than traditional horticulture.

E Agri has signed an MOU with Chisholm Institute for a 240 square meter, $1.5 million facility to be built in Cranbourne and will be ready in the next three months. A grant with the Victorian Government is being finalised.

E Agri signed a Joint Venture Agreement with its growing partner and the local government in Yixing, China to build a 300 square meter showcase facility in October 2017. This is on a 72,000 square meter site owned by the Joint Venture that will be progressively developed into a major food production facility in the Yangtze Delta over the next three years.

E Agri has also signed an MOU in Singapore with a local partner to pursue a 2-hectare, $60 million facility. The Singapore partner is now applying to the Singapore Government for the tender of this land.

E Agri has also begun preparations for major local capital raisings in the China and Vietnam licensed entities.

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ABOUT E AGRI 

E Agri is an innovative Agri-Technology company that has developed a vertical hydroponic growing system to produce fresh, “clean” food for high-density urban markets.

Using commercially proven hydroponic and sustainable horticulture technologies, E Agri‘s patent-pending systems grow “leafy green” crops at a significantly lower cost and higher yields per square metre relative to traditional horticulture techniques. The modular design of the system and high-levels of automation has extensive global application in both advanced and developing markets.

Developed at its R&D partner’s state of the art hydroponic facilities, E Agri’s growing solutions are designed to minimise carbon impact, water consumption and food miles. This provides consumers with the freshest possible leafy green vegetables and herbs, grown year-round in their local environment regardless of climate and free of pollutants.

E Agri will be building its first two installations in Australia and China in 2017.