(Surrey, BC, Canada) – February 2, 2012.
RENERGY Foods Canada, Inc. (“Renergy”) announced today it has entered into a joint venture agreement with Wilcox Electric, Inc. (“Wilcox”) for the development, manufacture and marketing of a line of agricultural lighting fixtures based on a patent pending, energy-saving solid state light chip technology.
Today’s commonly accepted greenhouse lighting standards are based largely on energetically-inefficient and often functionally inadequate HID (High Intensity Discharge Lighting) technologies. Wilcox has developed novel horticultural grow lights that are programmable to optimize plant growth, reduce operational energy consumption by up to 80% for the same light output, last significantly longer, and are functionally superior to traditional HID solutions.
Under the joint venture agreement – effective January 15, 2012 – Wilcox agrees to design and manufacture conceptual design layouts for a number of horticultural lighting solutions developed by Renergy (to be branded the “NuSun Grow Light”).
Under the agreement, Renergy has the right to manufacture the NuSun Grow Light should sales exceed Wilcox’s manufacturing capacity.