Enevis Limited To Exclusively Market LumiGrow In Australia, New Zealand And Parts of Asia

  • May 01, 2019 AEST
  • Team Kalkine
Enevis Limited To Exclusively Market LumiGrow In Australia, New Zealand And Parts of Asia

On 1st May 2019, Enevis Limited (ASX: ENE) released its LumiGrow Smart LED Grow Lights Presentation. ENE has been selected by the US grow lighting manufacturer LumiGrow, to aid in its marketing of LED lighting solutions across Australia, New Zealand and parts of Asia, these markets being the most attractive opportunities. Enevis believes that protected cropping and a controlled environment of horticulture has the potential to deliver great consistency and thereby yield better efficiencies. Enevis claims to be the only developer of smart LED grow lighting systems in North America, which offer crisp spectrum control to match the changing requirements of plants throughout their growth cycle. The protected cropping in Australia and New Zealand alone is valued at $1.56 billion per annum at the farm gate and accounts for almost 30% of the total vegetable growers in Australia.

LumiGrow, located in USA, is a horticultural LED lighting business, aims to provide smart lighting and cloud-based software solutions, inclusive of adjustable spectrum LEDs for large-scale glasshouses, research facilities and various horticultural applications. The group aims at deciphering the ways in which lighting efficiencies could be achieved in a controlled environment. The products of the company consist of lighting, sensors, software, mountings, financing and services.

LumiGrow’s Chief Executive Officer, Jay Albere, stated that the Australian and New Zealand markets are sensible next step in terms of the company’s growth, given their potential for the transition from traditional horticultural methods to smarter systems that place fewer demands on the natural environment. He believes that the relationship with Enevis would prove to be strong and productive as ENE is an experienced player, well capable of making ends meet with a vision to introduce the LumiGrow brand and technology to the market.

LumiGrow lighting is expected to be the next revolution in protected cropping to deliver further quantum increases in yield and the quality. Following would be the benefits of the same:

  • There would be a reduced impact on the land and vastly smaller land use.
  • The energy and water efficiencies would improve.
  • There would be a better flavour and longer shelf life.
  • There would be a higher quality produce and better returns for farmers.
  • Better pest and weed control.

To proceed with the above, ENE has created a committed business under the brand name Enegrow, to focus specifically on the protected cropping and other horticultural markets. The new business unit would hence create further efficiencies with three discrete business units. It would use an already established operating platform with a proficient management team, business networks and the ability to offer fully finance solutions to help in the market transition.

Earlier this year in February, as part of the H1 FY19 publication, ENE announced that its sales revenue increased by 55.8% during the half to $19.91 million when compared with $12.78 million in the prior corresponding period. The EBITDA was $516,560 for six months till 31 December 2018. However, for the previous corresponding period the company reported an EBITDA loss of $447,546, representing a $964,106 turnaround in total.

Share price information:

At market close on 1st May 2019, the stock of ENE was trading at a price of $0.230, with a market cap of $15.32 million.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK