AgriFORCE Receives Notice of Allowance Related to its FORCEGH+ Facility from the United States Patent and Trademark Office
18 November 2022 - 01:00AM
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 has received a Notice of Allowance from the United
States Patent and Trademark Office (USPTO) for its patent
application titled “Structures for Growing Plants.”
This Notice of Allowance follows the Company’s
recently granted patent from the USPTO related to its automated
growing systems within its FORCEGH+ facilities. Specifically, this
allowed patent application has 19 claims covering unique
features and designs related to the structures for growing plants
including, transmissive panels that maximize the full light
spectrum, enhanced insulation for maximizing energy efficiency, and
innovative formation of structure support materials. This patent is
among a group of applications the Company has submitted related to
its FORCEGH+ facilities.
“I’m pleased to report another allowed patent
related to our FORCEGH+ facilities,” commented Ingo Mueller, Chief
Executive Officer of AgriFORCE. “As evidenced by the granted
patents announced to date as well as this notice of allowance, we
are diligently working to ensure protection of our assets while
strengthening our intellectual property portfolio. As we progress
towards commencing development of the first Coachella Campus
encompassing our state-of-the-art FORCEGH+ CEA facility, we believe
IP will be a fundamental pillar to our success and differentiate
our solutions from others in the industry.”
“We are achieving significant milestones related
to our IP portfolio,” added Troy McClellan, President of AgriFORCE
Solutions. “We continue to build upon a strong patent foundation
and anticipate additional patents related to our FORCEGH+
facilities in the near-term that would further validate our ongoing
efforts and business strategy. We are covering important aspects of
our facilities including unique designs and technologies that we
believe will set a new industry standard for higher quality and
higher yield crops.”
About FORCEGH+ (previously, the
AgriFORCE GrowHouse)FORCEGH+, the Company’s proprietary
grow facility design, is a sustainable methodology and environment,
including in 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
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