AgriFORCE Granted New U.S. Patent for Developmental Automated Growing Systems
10 June 2024 - 10:00PM
AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI;
AGRIW), an intellectual property (IP) focused AgTech company,
announces the granting of U.S. Patent #11,997,962 B2, titled,
“Automated Growing Systems” by the United States Patent and
Trademark Office (USPTO). The patent adds to the Company’s
intellectual property portfolio connected to agriculture and
agribusiness.
The patent, which covers moving multiple production
lines of either vegetation or flowering plants to different areas
of a growing facility using conveyor belts and other mechanisms.
The Company believes there are opportunities to incorporate this
technology into their existing innovations for indoor growing
facilities.
“This patent adds dynamic value to our
ever-expanding portfolio of patented technology aimed at innovating
agribusiness,” commented Jolie Kahn, AgriFORCE’s Executive
Turnaround Consultant. “We remain committed to exploring new
opportunities to empower farmers and agribusinesses to maximize
their market position and build long-term shareholder value for our
stakeholders.”
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: @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.
Investor Relations:Richard Wong,
CFO, rwong@agriforcegs.com
CORE IRinvestorrelations@agriforcegs.com
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