New OEM agreement for shelf-and-lighting panels for industrial vertical farming

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LED iBond International A/S (LED iBond) and Senmatic A/S have entered into a strategic partnership for OEM delivery of shelves with built-in grow light to be included in Senmatic’s offering of industrial vertical farming solutions.

When fully phased in over the course of a few years, LED iBond expects that the new partnership will generate annual revenues in excess of DKK 10 million for the company.

The new vertical farming shelves are based on LED iBond’s patented lighting fixture, which combines superior cooling characteristics and minimal space requirements with a high carrying capacity. A shelf-mounted ventilation feature is optional.

Rolf H. Sprunk-Jansen, CEO of LED iBond, says:

- This new partnership with Senmatic marks LED iBond’s commercial entry into the industrial vertical farming market. With their vertical farming technology and their global network of 40 dealers, Senmatic is an ideal partner for us, bringing our LED panel technology into play in an emerging industry with huge growth potential. The agreement with Senmatic makes us even more confident that LED iBond’s financial outlook is well within reach.

The strategic partnership between Senmatic and LED iBond is based on Senmatic’s in-depth knowledge of LED grow lights and software solutions for industrial vertical farming and LED iBond’s unique LED technology platform. Mads Nychel, CEO at Senmatic A/S, says:

- We have more than 40 years of experience with indoor plant production. We will combine LED iBond’s super-slim and energy-efficient shelf-and-lighting panels with our controllers and software to create a multifunctional vertical farming solution with best-in-class growth conditions for industrial indoor horticulture. This new partnership with LED iBond will further contribute to our growth in the vertical farming market, so we are very pleased indeed for this opportunity to join forces with LED iBond.

LED iBond and Senmatic are planning to launch their joint vertical farming offering at the end of Q4 2020. The financial implications of the strategic partnership with Senmatic are already included in LED iBond’s financial outlook.

Further Information

Rolf H. Sprunk-Jansen, CEO
Mobile: +45 2020 3005

Company contact
LED iBond International A/S

Diplomvej 381
2800 Kgs Lyngby

CVR 36041609

+45 7070 7855

Certified advisor contact
Per Lönn
Telephone: +46 40 200 250

Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö

About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative solutions for integrating light and data, based on the company’s deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED basis available, offering a unique value proposition combining total design flexibility, full IoT integration and low total costs of ownership. LED iBond’s technology has been deployed in many projects, ranging from intelligent shelf lighting to large scale indoor illumination projects such as the installation of 3.2 kilometres of Tracy®, the company’s innovative flagship product, at DTU, the Technical University of Denmark.

Due to the data transfer capabilities, superior form factor and cooling properties of the technology platform, LED iBond is focusing on three key markets: smart housing, UV disinfection and vertical farming, all projected to show significant growth in the years to come.

About Senmatic A/S

For more than 40 years Senmatic has been a significant manufacturer of state-of-the-art complete and configurable solutions for horticultural applications as well as sensors measuring temperature, humidity and gas for e.g. the oil & gas industry. With a global network of 40 dealers Senmatic is aiming to strengthen its position both within the sensor and horticulture business areas through solid quality management and flexible engineering. With headquarter in Søndersø, Denmark and a sales office in Shanghai, China, Senmatic employs more than 90 people.

In 2016, Senmatic A/S was acquired by Indutrade, an international technology and industrial business group listed on Nasdaq in Stockholm, Sweden.