AgriFORCE Receives Notice of Allowance Related
to its FORCEGH+ Facility from the United States Patent and
Trademark Office
Patent Strengthens its IP Portfolio and
Further Protects its Innovative Solutions
VANCOUVER, British Columbia - November 17, 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 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.
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