Structures & Equipment
Affinor vertical towers in commercial phase
April 28, 2016 By Dave Harrison
April 28, 2016, Abbotsford, B.C. – Affinor Growers Inc. has signed a non-exclusive licensing agreement with a private B.C.-based company.
The agreement allows the licensee to purchase and install Affinor’s growing towers in order to grow and produce strawberries and romaine lettuce in British Columbia.
The facility will be built in Abbotsford.
The licensee is being financed by the inventor of the equipment, Nick Brusatore, who is also providing the land.
The private company is controlled by a family member of his, and the plan is to purchase and install 24 towers in phase one, and the licensee may install further towers at a later date.
Affinor expects to receive payment for the towers during the summer. When the towers are installed and producing, under the agreement, Affinor will receive 10 per cent of sales as a royalty up to $100,000 in royalty payments and then a three per cent of sales royalty thereafter.
“Having a local partner build and showcasing a commercial facility using Affinor’s technology will not only bring short-term and long-term revenue for the company, but will continue to execute our business plan of commercializing the technology,” said Affinor Growers CEO Jarrett Malnarick.
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