AgriFORCE Announces Exclusive Worldwide Licensing Agreement to Commercialize Radical Clean Solutions’ New Patent-Pending Hydroxyl Generating Devices for the Controlled Environment Agriculture and Food Manufacturing Sectors
February 22 2022 - 8:55AM
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 verticals, has entered into an exclusive
worldwide licensing agreement with Radical Clean Solutions Ltd.
(RCS), to commercialize their new proprietary hydroxyl generating
devices within the controlled environment agriculture (CEA) and
food manufacturing industries. The patent pending system seeks out
and destroys both airborne and surface-based mold, bacteria, virus,
odorous and volatile organic compounds (VOCs), as well as other
pathogens and pollutants in real-time. The license grants the
rights to AgriFORCE in perpetuity as well as joint patent ownership
rights for CEA.
Ingo Mueller, CEO of AgriFORCE Growing Systems,
commented: “Adding to the momentum of our recent definitive
agreement to acquire Delphy Groep BV (Delphy) (Delphy), we are
thrilled to work with Radical Clean Solutions to start
commercializing another set of solutions, which address some of the
most important problem areas in the CEA and food manufacturing
sectors. According to Food and Agricultural Organization (FAO)
reports(1), it is estimated that mycotoxin (mold) affects nearly
25% of the world’s crops. In addition to mold, airborne pathogens,
such as COVID-19, contribute to significant loss of personnel due
to sick leave, which is evident by the massive supply chain issues
that have affected the industry during the current pandemic.
Moreover, by destroying bacteria such as E. coli and Salmonella,
manufacturers can potentially avoid costly recalls, which have both
a financial and lasting brand impact.
Mueller continued, “Through the implementation
of this technology, we believe our end users will not only improve
their bottom line, but also better protect the safety of their
employees and consumers. AgriFORCE is ideally suited to deploy this
technology on a global scale by initially leveraging Delphy’s
customer base, as well as the deep industry knowledge and
relationships of their experienced management team. In addition, we
look forward to deploying the system within our own GrowHouse
facilities, which we believe will further enhance yields and
improve profitability. Overall, this license agreement is closely
aligned with our mission of delivering Clean, Green, Better
AgTech.”
Roger M. Slotkin, CEO of Radical Clean
Solutions, added: “We at RCS are proud to not only be a integral
solution for AgriFORCE’s patented growing systems to ensure a mold
and pathogen free environment, but also to have the opportunity to
work directly with the seasoned management team of AgriFORCE as our
exclusive, worldwide licensee for the marketing, sale and
distribution of our products to the Controlled Environment
Agriculture and food production/manufacturing industries. Unlike
virtually all “air cleaning technologies” on the market today, the
Radical solution does not simply filter or treat the air that
passes through it. Our hydroxyl technology is dispersed throughout
the environment in which it operates, thereby sanitizing all
surfaces, materials, equipment and the very air itself. It does so
through a natural, chemical-free process that is 100% harmless to
people, pets and plants.”
(1) Alshannaq A, Yu JH.
Occurrence, toxicity, and analysis of major mycotoxins in food.
International Journal of Environmental Research and Public Health.
2017;14(6):632. DOI: 10.3390/ijerph14060632
About Radical Clean Solutions
Ltd
Radical Clean Solutions has developed an
advanced product line consisting of “smart hydroxyl generation
systems” focused on numerous industry verticals that is proven to
eliminate 99.99+% of all pathogens, virus, mold, volatile organic
compounds (VOCs) and allergy triggers. Applications for the system
range from home, office, medical and senior care facilities to
restaurants, transportation and more. Radical’s goal is to create a
safe and healthy world, especially in light of the recent COVID
pandemic.
About AgriFORCEAgriFORCE
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.
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.
Company Contact: (AgriForce)Ian PedersenTel:
(604) 757-0952Email: ipedersen@agriforcegs.com
Company Contact: ( Radical Clean Solutions
)Roger M. Slotkin, CEOEmail: rms@radicalcleansolutons.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
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