Patent Application Published for AgriFORCE GrowHouse Facility and Related IP
February 18 2022 - 8:55AM
AgriFORCE Growing Systems Ltd. (“the
Company") (NASDAQ: AGRI; AGRIW), an IP-focused AgTech
company dedicated to advancing sustainable cultivation and crop
processing across multiple verticals, announced today that a
U.S.patent application entitled “Structures for Growing Plants”
(U.S. patent serial number 17/436,275) has been published by the
U.S. Patent and Trademark Office1. There are corresponding patent
publications in other countries, such as Canada, China, and Europe.
The published patent application1 highlights
innovative design elements of the GrowHouse structure and
operational systems, which can allow for: transmissive panels that
maximize the full light spectrum; Internet-of-Things (IoT)
technologies, automation and use of artificial intelligence (AI);
enhanced insulation for maximizing energy efficiency; foam
generators for temperature and ultraviolet light control; and a
sealed positive pressure environment that provides optimal
temperature, humidity, velocity, filtration, and sanitation of
airflow.
Troy McClellan, President of AgriFORCE
Solutions, commented: “We could not be more excited to announce
this published patent application1, which significantly bolsters
our growing IP portfolio. Conventional greenhouses have numerous
drawbacks. They are often inefficient and do not provide an ideal
environment for plants to reach their full genetic potential.
Additionally, current architectural structures utilize columns and
trusses, which create shade and make it difficult to optimize
automated systems. In comparison, our facility design is far more
cost effective, energy efficient, and allows for increased growing
area, enabling our customers to deliver significant yield gains
compared to traditional indoor growing systems. This is the first
in a series of patent applications around our proprietary
facilities, which can be constructed in virtually any environment
and close to consumers, providing a local, pesticide-free, fresh,
and sustainably grown product offering.”
Ingo Mueller, CEO of AgriFORCE Growing Systems,
added “The publication of this patent application1 is timely, given
we have plans to launch a number of these facilities in the near
term. The overall market feedback on our facilities has been
encouraging, given the improved yields and operating economics.
Moreover, with the recent announcement of our definitive agreement
to acquire Delphy Groep BV (Delphy), a Netherlands-based AgTech
consultancy firm with multinational operations across Europe,
Russia, Asia, and Africa, we look forward to leveraging their
extensive experience, established customer base, and deep industry
relationships to accelerate the deployment of our GrowHouse
facilities in additional markets worldwide.”
- Upon publication of a patent application, entities are liable
to the patent holder to pay “reasonable compensation” for
activities that would have infringed the patent if it had been
granted on the publication day. The patent publication can also be
cited by patent examiners to reject patent applications directed to
the same subject matter.
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 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.
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.
Company Contact:Ian PedersenTel: (604)
757-0952Email: ipedersen@agriforcegs.com
Investor Relations:Crescendo Communications,
LLCDavid Waldman/Natalya RudmanTel: (212) 671-1021Email:
AGRI@crescendo-ir.com
Media Relations:AHA Creative Strategies
Inc.Ruth AtherleyTel: (604) 846-8461Email: ruth@ahacreative.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bfc4dc82-fd2b-40fd-86f5-4b365f3e1856
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