Vivid Technology Limited announced the signing of a Memorandum of Understanding with WePower. Through WePower's blockchain trading platform, businesses can contract directly with green energy producers, allowing them the ability to directly trade power purchase agreements. This enables smaller energy users to aggregate with larger companies and/or between themselves, reducing concerns around long- term energy contracts. Vivid Technology and WePower will leverage data from Vivid Technology's Matrixx intelligent lighting platform backed by its Klarity analytics software, to enable identification and validate customer site energy performance. This data will be used to develop smart contracts on WePower's blockchain trading platform to maximize cost savings from customer existing energy purchasing contracts. Both companies have synergistic aims and capabilities to help individual businesses maximise energy efficiency by combining Vivid Technology "back-of-meter" analytic capability, with WePower's front-of-meter blockchain smart contract trading platform. The MOU will allow both parties to develop and commercialize a market offering, and are committed to work collaboratively to identify, and where appropriate, approach customers to deliver this market offering as a joint energy efficiency solution. Initial opportunities will be focused on Australia.