Nature's Miracle And Traxon Technologies Signs Stategic Agreement To Distribute OSRAM General Lighting Luminaires In U.S.; Minimum Sales Expected To Reach At Least $8M In 2026
Portfolio Pulse from Benzinga Newsdesk
Nature's Miracle and Traxon Technologies have signed a strategic agreement to distribute OSRAM General Lighting Luminaires in the U.S., with minimum sales expected to reach at least $8M in 2026. The agreement grants U.S. distributor rights for OSRAM branded General Lighting Luminaires for horticulture applications. Sales are set to commence in the third quarter of 2024.
June 06, 2024 | 12:39 pm
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Nature's Miracle has signed a strategic agreement with Traxon Technologies to distribute OSRAM General Lighting Luminaires in the U.S., with expected sales of at least $8M by 2026. This agreement diversifies Nature's Miracle's lighting portfolio and is expected to boost revenues starting in Q3 2024.
The strategic agreement with Traxon Technologies to distribute OSRAM General Lighting Luminaires is a significant development for Nature's Miracle. The expected sales of at least $8M by 2026 indicate a positive revenue impact. The diversification of their lighting portfolio with a premium product line is likely to enhance their market position and drive growth starting in Q3 2024.
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