AgTech
Avalve to export $1.5 mn smart farm solution to Vietnam
Vietnam's Anstech, Appa Group signed a MOU with S.Korean AI smart farm startup worth $500,000 and $1 mn each
By Mar 29, 2024 (Gmt+09:00)
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South Korea's smart farm startup Avalve announced on Friday that it signed a total of $1.5 million in memorandums of understanding (MOUs) with Vietnam's Antech and Appa Group.
One of the Vietnamese companies Anstech specializes in smart solutions and electrical modules, including smart farms. Recently, it entered into a $500,000 smart farm contract with Avalve from South Korea.
Avalve also signed a $1 million contract with Appa Group to expand smart technology into the horticulture and livestock sectors.
Avalve utilizes artificial intelligence (AI) to create optimal growing environments, enabling the production of various high-value crops regardless of external conditions.
Write to Kang-Ho Jang at callme@hankyung.com
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