On Oct. 18, the company signed an MOU with River Kwai Medicinal Plants Co., Ltd., which produces medical marijuana(HEMP) in Bangkok, Thailand. Under the agreement, AVALVE will provide its smart farm automation solution and software to 26 buildings whose size is about 991.736 m2. The company aims to provide software to the entire smart farms by the first half of 2024.
The company boasts AI software technology for smart farms. With their exclusive technology, the company enables optimal harvests of crops by collecting, processing data, and providing a solution to control AI learning control.
Now, the company has offered its solutions to Vietnam, Indonesia, and Singapore and is continuously expanding in various foreign markets and enhancing its brand value.
CEO Lee Won-jun stated, “We look forward to enhancing cooperation with Thailand in the smart farm field on the technology development and commercialization. To provide AI solutions and help Thailand’s agriculture to go digital, the country will be able to harvest crops in an optimal environment, thus establishing an efficient production system and increasing production volume through sustainable agriculture.”
It plans to strengthen partnerships with R&D investment and foreign customers and increase the proportion of foreign sales by developing intelligent agricultural AI software technology.
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