News and Announcements
E Agri Signs MoU with Chisholm Institute & a JV with a Growing Partner & Local Government in Yixing
- Published August 07, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
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.
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.
Company Updates
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Reinventing the Condom: How an Australian Deep-Tech Startup Plans to Disrupt a $12 Billion Market
For more than half a century, the global condom industry has remained fundamentally unchanged, constrained by standard materials like latex and solid synthetic polymers. Despite widespread consumer demand for better alternatives, product design has treated the device strictly as a mechanical barrier, sacrificing feel for function. Sydney-based Eudaemon Technologies is setting out to upend that […]
Backed By Leading Investment Groups and Family Offices
