Nature's Miracle Holdings has launched the Company's efinity brand name dehumidifier. This dehumidifier product is a complementary product under the umbrella of its efinity LED lighting business for a cross sell opportunity to the brand's solid customer base.
The initial roll out of the efinity dehumidifier includes two models: the 345-pint-per-day SJD-07EG model and the 506-pint-per-day SJD-10EG model while the company is working on the even more powerful 876-pint-per-day model. Efinity dehumidifiers adopt R-32 AIM (The American Innovation and Manufacturing Act) standard which reduces the usage of hydrofluorocarbons (HFCs) and has less global warming potential (GWP).
The efinity dehumidifier will be available for shipping starting in Q3 of 2024 and we expect the annual revenue from the sales of this product to exceed $20 million in the $500 million industrial dehumidifier market in the U.S.
James Li, Chairman and Chief Executive Officer of Nature's Miracle, commented, "We have achieved $2.2 million of revenue and 14% gross margin during Q1 of 2024, primarily from the sales of grow light. The addition of the efinity dehumidifier will enhance both our topline growth and margin expansion. In addition, Nature's Miracle can offer a full range of indoor growing products including the industry-leading efinity grow light, MiracleTainer container farm system, efinity dehumidifier and growing medium including Dutch Coco, Dutch Wool. With indoor farming continuing its upward trajectory, Nature's Miracle will continue to enhance its position as a one-stop shopping provider of technology, product and solution for the industry."
For more information:
Nature's Miracle
www.nature-miracle.com