Reflecting on an Innovative Year at Crocus Labs: Key Milestones and Achievements in 2024

As we look back on the remarkable journey of 2024 at Crocus Labs, we are filled with gratitude. This year has been marked by innovative breakthroughs, essential partnerships, and impressive milestones that support our goal of transforming lighting technology.

Innovation and Partnerships 🔬

This year, we made significant strides in our innovation initiatives. A standout achievement was the launch of Licht-2GH, our first adaptive smart lighting solution for greenhouse agriculture, showcased at the GreenTech Fair 2024. This product is designed to optimize plant growth by adjusting light conditions based on real-time environmental data. Initial user feedback indicated an average 20% increase in crop yield for early adopters, setting a new industry standard in agricultural lighting.

In addition to our product launch, we collaborated with the Łukasiewicz - Institute of Microelectronics and Photonics on groundbreaking lighting technology, supported by https://www.photonhub.eu/https://www.photonhub.eu/. This partnership enabled us to explore novel applications in photonics, enhancing our development of advanced lighting solutions.

We teamed up with the Fraunhofer Institute for Silicon Technology ISIT to focus on energy optimization for indoor farms. Early trials showed a potential reduction of 15% in energy consumption while maximizing crop yield, reflecting our commitment to sustainability and efficiency in agriculture.

Our research on strawberry cultivation using the SiriusX.3 dynamic lighting system showed promising results, as we shipped this innovative system to 10 crop science customers. Initial outcomes indicated improved fruit quality, with a 30% rise in marketable berries, emphasizing our technology's effectiveness.

Furthermore, we initiated collaborations with global LED chip manufacturers and quantum dot suppliers, setting a strong foundation for future advancements in lighting technology. One notable partnership is with a leading LED chip supplier, aiming to introduce high-efficiency lighting solutions in the coming years.

A particularly exciting development was our collaboration with Humboldt-Universität zu Berlin, where we started a research project focused on cannabis cultivation. This initiative aims to investigate the specific lighting needs of cannabis plants, further enhancing our expertise in specialized agricultural lighting.

Awards and Recognitions ✨

Our innovative efforts and research have garnered significant recognition. We were proud to be nominated for the Tech Awards Gala 2024 in the DeepTech category, acknowledging our contributions to technology and innovation.

Moreover, we triumphed at the pitch competition during the EU EIC Summit, winning in the Quantum session. This recognition showcases our commitment to advancing quantum technologies in lighting. Additionally, we were shortlisted for the DeepTech Award 2024 in the Photonics and Quantum Technologies category, reinforcing our dedication to excellence and innovation.

Deep tech award - Berlin 2024

Our involvement as a member of the advisory board for the NaPoly project, which focuses on pioneering advancements in quantum dots for lighting, allows us to contribute our expertise while collaborating with other leaders in this field.

Team and Growth 🚀

In our growth phase, we welcomed several key personnel to our team, including Christian Schuette as our new CFO. His extensive experience is essential as we navigate the next stages of growth and innovation in our company.

This year, we started evaluating new markets, including automotive and health tech. This strategic decision enables us to diversify our offerings and explore new avenues for growth, ensuring we stay at the forefront of lighting technology.

Events and Exhibitions

We showcased our innovations at multiple exhibitions across Europe this year. One of the highlights was our display at the GreenTech Fair 2024, where we presented our latest advancements in lighting technology. Attendees included over 10,000 industry leaders and innovators, allowing us to make impactful connections.

Our participation in the EIC Summit 2024 in Brussels provided excellent networking opportunities and enabled us to engage with other industry trailblazers. These events not only allowed us to showcase our products but also helped us learn from others in our field. The exchange of ideas is essential for fostering innovation and driving progress in the industry.

Crocus Labs at EU EIC Summit 2024

Looking Ahead

Reflecting on 2024, we take pride in the milestones we achieved at Crocus Labs. From innovative breakthroughs to essential partnerships and accolades, this year demonstrates our commitment to revolutionizing lighting technology.

We are enthusiastic about the future and the opportunities ahead. With a dedicated team, groundbreaking products, and a strong focus on sustainability, we are well-positioned to continue making significant strides in the industry.

Thank you for being part of our journey. We look forward to sharing more exciting developments in the upcoming year as we push the boundaries of what is possible in lighting technology.