AgriFORCE Granted Patent from the United States Patent and Trademark Office Related to its Automated Growing Facility, FORCEGH+
13 October 2022 - 12:00AM
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 it will be granted a patent, titled “Automated Growing
Systems,” by the United States Patent and Trademark Office (USPTO)
related to proprietary systems and technologies within the
Company’s controlled environment agriculture (CEA) facility,
FORCEGH+.
The patent is the first to be issued among a
group of patent applications related to the Company’s automated
grow systems, with this patent specifically covering the grow
channel component, which allows a range of plants to be grown
within a single channel. AgriFORCE has developed specific,
data-driven cultivation strategies that start at tissue
culture/micropropagation and that result in crops reaching their
full genetic potential. Throughout the plant’s life cycle, these
proprietary and integrated systems provide sustainable and holistic
solutions.
“We continue to enhance and strengthen our
intellectual property portfolio, which is core to our strategy,”
commented Ingo Mueller, Chief Executive Officer of AgriFORCE. “With
this granted patent, we are protecting our innovative technologies
and designs that achieve higher crop yields through sustainable
processes. The issuance of this latest patent is particularly
timely, as we lay the foundation for development of the first
Coachella Campus for our proprietary and state-of-the-art FORCEGH+
CEA facility. We believe our revolutionary facility design combined
with our advanced indoor agriculture systems represent the next
generation of food and plant production for consumers.”
“This patent award is a significant milestone,
as it represents the first patent granted by USPTO in a series of
patent applications submitted and is vital in our progression
towards making agriculture clean, green, and better. With this
patent, we are covering important aspects of our fully integrated
technologies that differentiate our solutions from others in the
market. We are proud to build upon our robust IP portfolio and
expect to announce additional developments related to FORCEGH+ and
other IP-driven initiatives in the coming months,” stated Troy
McClellan, President of AgriFORCE Solutions.
About FORCEGH+ (previously, the
AgriFORCE GrowHouse)FORCEGH+, the Company’s proprietary
grow facility design, is a sustainable methodology and environment,
including extreme macro climates, for growing optimized crops
through Good Manufacturing Practices (GMP) equivalent pharma-grade
standards. FORCEGH+ facilities are designed as advanced AgTech,
high-efficiency building envelopes developed through proprietary
engineering and materials. FORCEGH+ advantages include
revolutionary facility designs that harness the power of the sun;
advanced hydroponics providing precise and consistent high yield
crop growth cycles; and the ability to be deployed virtually
anywhere. The Company has developed FORCEGH+ to optimize crop
yields to as near their full genetic potential as possible, while
eliminating the need for pesticides, fungicides, and herbicides,
thereby providing customers with the next-generation of
controlled-environment agriculture.
About AgriFORCEAgriFORCE
Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an AgTech company
focused on the development and acquisition of crop production
know-how and intellectual property augmented by advanced AgTech
facilities and solutions. Looking to serve the global market, the
Company’s current focus is on North and Central America, Europe,
and Asia. The AgriFORCE vision is to be a leader in delivering
plant-based foods and products through advanced and sustainable
AgTech solution platforms that make positive change in the
world—from seed to table. The AgriFORCE goal: Clean. Green. Better.
Additional information about AgriFORCE is available at:
www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegs
Follow 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/Alexandra SchiltTel: (212) 671-1021Email:
AGRI@crescendo-ir.com
Media Relations:PeppercommHannah Robbins Tel:
(415) 633-3205Email: AgriFORCE@peppercomm.com
AgriFORCE Growing Systems (NASDAQ:AGRIW)
Historical Stock Chart
From May 2023 to Jun 2023
AgriFORCE Growing Systems (NASDAQ:AGRIW)
Historical Stock Chart
From Jun 2022 to Jun 2023