AgriFORCE Granted Patent from the United States Patent and Trademark Office Related to its Proprietary Methods for Processing Nutritious Foods Under the UN(THINK)™ Foods Brand
13 January 2023 - 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 that it was granted a patent from the United States
Patent and Trademark Office (USPTO) related to its proprietary
method of naturally modifying and processing grains, rice, seeds
and pulses into low-starch, high-protein, fiber-rich baking flour
products, as well as a wide range of breakfast cereals, juices,
natural sweeteners and baking enhancers. These unique processes and
methods were acquired through the Manna Nutritional Group
acquisition completed in May 2022.
The IP encompasses technologies designed to
unlock nutritional properties, flavor and other qualities in a
range of modern, ancient and heritage grains, seeds and pulses –
creating specialized all-natural baking and all-purpose flours,
sweeteners, juices, naturally sweet cereals and other valuable
products, providing numerous opportunities for dietary,
nutritional, performance and culinary applications.
Ingo Mueller, CEO of AgriFORCE, stated, “This
patent constitutes a key milestone in our strategy to scale up and
launch our revolutionary UN(THINK)™ foods brand. Our goal is to
redefine the natural fiber content of grains to provide healthy
alternatives without compromising taste, texture, or quality. This
patent comes at an inflection point as we are launching our new
branded product, UN(THINK)™ Awakened Flour this quarter. We believe
this IP provides an opportunity to transform the landscape of food
production across a variety of categories, including flours,
pastries, breads, snack products, as well as dairy alternatives,
high-performance drinks, breakfast cereals, nutrition and
performance bars. Our technology process represents an evolution
around global consumption, as consumers transition from products
with empty calories into tastier, more nutritious, easier-to-digest
products. As a result, we intend to capture a portion of the flour
and bakery market, representing a $200 billion dollar industry in
the U.S alone. We are proud to build upon our robust IP portfolio
and expect to announce additional developments related to the
UN(THINK)™ brand in the coming months.”
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.
The AgriFORCE vision is to be a global 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: @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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