AgriFORCE Granted Patent from the Canadian Intellectual Property Office Related to its AgriFORCE Grow House Facility
25 August 2022 - 11:00PM
GlobeNewswire Inc.
AgriFORCE Growing Systems Ltd. (“the Company") (NASDAQ: AGRI;
AGRIW), an intellectual property (IP)-focused AgTech company
dedicated to advancing sustainable cultivation and crop processing
across multiple platforms, today announced that it was granted a
patent titled “Structure for Growing Plants” from the Canadian
Intellectual Property Office, which relates to the Company’s
proprietary growing facility design, the AgriFORCE GrowHouse. This
granted patent corresponds with the Company’s previously reported
Notice of Allowance in April and covers 20 claims for different
inventive features relating to structures for growing plants.
The Company’s proprietary facility design is an
environmentally friendly and clean form of growing high-value crops
to Good Manufacturing Practices (GMP) pharma-grade standards,
including extreme weather environments. AgriFORCE GrowHouse
facilities are designed as advanced AgTech, high-efficiency
building envelopes supported by proprietary building engineering
and materials. The AgriFORCE facility advantages include a
revolutionary design that harnesses the power of the sun, advanced
hydroponics providing precise and consistent growth cycles with
high crop yields, and the ability to be built anywhere. The design
provides optimal crop yields as near to their full genetic
potential as possible, while substantially eliminating the need for
the use of pesticides, fungicides and irradiation, thereby
providing customers with the next-generation of
controlled-environment agriculture.
“Our objective is to provide an advanced
platform for our customers’ delivery of more sustainable, better
tasting, and nutritious food and plant-based products, as well as
more natural and effective plant-based medicines and supplements,”
said Ingo Mueller, Chief Executive Officer of AgriFORCE. “With this
latest granted patent, we have further strengthened our
intellectual property portfolio and protected our advanced facility
design and operational processes. We believe our foundational IP
has positioned us as a leader in the AgTech industry and marks a
key milestone in our growth strategy.”
The patent encompasses innovative design
elements of the facility structure and operational methodology
including, transmissive panels that maximize the full light
spectrum; automation; Internet-of-Things (IoT) technologies to
artificial intelligence (AI); enhanced insulation for maximizing
energy efficiency; and a sealed positive pressure environment that
provides optimally managed crop cultivation.
“We are proud to have all of our claims allowed
and granted via this patent,” said Troy McClellan, President of
AgriFORCE Solutions. “We believe demand for our facilities will
continue to increase as growers are seeking greater knowledge and
expertise to identify the unique challenges and opportunities for
each specific crop. In response to these needs, we intend to
aggressively penetrate the market and have plans to launch several
Grow House facilities in the near-term.”
About AgriFORCEAgriFORCE Growing Systems
Ltd. (NASDAQ: AGRI; AGRIW) is an agtech company focused on building
an integrated agtech platform that combines the best technology,
intellectual property and knowledge to solve an urgent problem –
providing the best solutions to help drive sustainable crops and
nutritious food for people around the world. Looking to serve the
global market, the Company’s current focus is on North America,
Europe and Asia. The AgriFORCE vision is to be a leader in
delivering plant-based foods and products through an advanced and
sustainable agtech platform that makes positive change in the
world—from seed to table. Additional information about AgriFORCE is
available at: www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems
Ltd.
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.This announcement is for informational
purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities of the issuer. Any
offer to sell or solicitation of an offer to buy securities of the
issuer may only be made pursuant to a valid prospectus pursuant to
an effective registration statement or pursuant to a valid
exemption from registration under the Securities Act of 1933, as
amended and the rules and regulations promulgated thereunder.
Company Contact:Ian PedersenTel: (604)
757-0952Email: ipedersen@agriforcegs.com
Investor Relations:Crescendo Communications,
LLCDavid Waldman/Natalya RudmanTel: (212)
671-1021Email: AGRI@crescendo-ir.com
Media Relations:PeppercommHannah RobbinsTel:
(415) 633-3205Email: AgriFORCE@peppercomm.com
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