AgriFORCE Granted Patent from the
United States Patent and Trademark Office Related to its Automated
Growing Facility, FORCEGH+
Patent Expands IP Portfolio in
Advance of Developing First Coachella Campus
VANCOUVER,
British Columbia – October 12, 2022 -- InvestorsHub NewsWire
-- 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 AgriFORCE
AgriFORCE 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 Pedersen
Tel: (604)
757-0952
Email:
ipedersen@agriforcegs.com
Investor
Relations:
Crescendo Communications,
LLC
David Waldman/Alexandra
Schilt
Tel: (212)
671-1021
Email:
AGRI@crescendo-ir.com
Media
Relations:
Peppercomm
Hannah Robbins
Tel: (415) 633-3205
Email: AgriFORCE@peppercomm.com