Patent Strengthens its IP Portfolio and Further Protects its Innovative Solutions
VANCOUVER, British Columbia – November XX, 2022 – 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 20 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 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.
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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