Increasing population and continued urbanization are intensifying the demand for fresh food, especially in densely populated cities around the world. To meet the needs of these areas, growers must tap the potential of greenhouses and vertical cultivation systems, utilizing smart lighting, sensor systems and artificial intelligence. In addition to growing healthy and tasty food, vertical farms reduce the need for long-distance transportation routes. They also lessen the need for pesticides, fertilizers and excessive water use, and ultimately reduce spoilage. These technologies, which also can be used for growers of medicinal plants, contribute to the goal of sustainable agriculture.

Fluence Bioengineering, upon closing, will be positioned within Osram's Professional and Industrial Applications segment in the Specialty Lighting business unit. "We are excited to be teaming up with Osram to drive forward this global expansion and expand our digital product portfolio. Our new and existing customers will benefit from our partnership with Osram in all matters relating to light and sensors," said Fluence CEO Nick Klase.
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