CO2 GRO Inc (TSX-V:GROW, OTCQB:BLONF) said it has sold a second CO2 Delivery Solutions to Hidroexpo S.A de C.V. in El Salvador marking the company’s first repeat sale of the technology to a major international greenhouse vegetable grower.
The company said the CO2 Delivery Solutions—its proprietary technology that mists an aqueous CO2 solution directly onto pants in protected growth facilities—would be installed in one of Hidroexpo’s 36 similar one-hectare greenhouses that grow bell peppers mainly for export.
CO2 GRO’s first sale to Hidroexpo announced in November 2021 came after a one-year technology trial that demonstrated a 20% increase in pepper production using CO2 Delivery Solutions when compared to peppers grown in ambient conditions.
READ: CO2 GRO says Columbia rose trial results show its CO2 Delivery Solutions technology boosted total yield and percentage of high-quality plants
A second trial at Hidroexpo has been completed and showed pepper production increased by 30% under the same conditions.
CO2 GRO VP sales and strategic alliances Aaron Archibald said the company looked forward to helping Hidroexpo transform its business profitability and market position with CO2 Delivery Solutions.
“Hidroexpo's two-year yield improvement data further validates our technology's benefits to other greenhouses globally that are currently conducting trials or are interested in trials,” he said.
Hidroexpo general manager Rodrigo Martinez said the company was very happy with the 20% and 30% yield improvements it had seen using CO2 Delivery Solutions over its past two growing seasons.
“Purchasing the technology again for a second greenhouse was an easy decision,” he said. “Over time, we hope to install the technology in more of our greenhouses.”
“We believe that CO2 Delivery Solutions can transform our business profitability and provide us with a competitive edge in the Central America pepper production market."
CO2 GRO is a people, planet, and prosperity-focused precision ag-tech, clean-tech company.
Contact the author Emily Jarvie at emily.jarvie@proactiveinvestors.com
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