AppHarvest, Inc. (NASDAQ: APPH, APPHW), a leading AgTech company,
public benefit corporation and Certified B Corp building some of
the country’s largest high-tech indoor farms to grow affordable,
nutritious fruits and vegetables at scale while providing good jobs
in Appalachia, has been named one of five finalists for the 24th
annual SXSW Innovation Awards in the New Economy category for its
60-acre high-tech indoor farm in Morehead, Ky.
The SXSW Innovation Awards recognize and celebrate the most
exciting tech developments in the connected world. Of hundreds of
applications submitted, AppHarvest was one of 65 finalists selected
across 13 categories by a panel of judges composed of industry
peers and experts.
Climate change is decimating outdoor crops and threatening the
global food supply. AppHarvest believes high-tech indoor farms are
a key part of the solution to build a climate-resilient food system
by leveraging the best of nature, people and technology including
artificial intelligence and robotics.
“We need sustainable solutions to feed the world’s growing
population using fewer resources while providing good jobs,” said
Jonathan Webb, AppHarvest Founder & CEO. “We’re grateful for
the spotlight that the SXSW recognition puts on this critical issue
and the innovation of our approach to controlled environment
agriculture [CEA] leveraging nature supported by world-class
technology like artificial intelligence and robotics to grow fruits
and vegetables using 90% less water, with up to 30 times yield per
acre versus traditional farming.”
AppHarvest will review the company and its technology in the
SXSW Innovation Awards Showcase on Saturday, March 12, from 11 a.m.
to 6 p.m. at the JW Marriott Austin - Griffin Hall. AppHarvest will
offer virtual reality tours of its flagship farm that is about 50
football fields in size with a rainwater reservoir the size of
around 70 Olympic swimming pools. The winners in each of the 13
categories, plus additional honors, will be awarded at the 24th
annual SXSW Innovation Awards on Monday, March 14, 2022.
AppHarvest’s flagship 60-acre indoor farm in Morehead, Ky.,
produces non-GMO sustainably grown tomatoes that are available in
more than 1,000 top national grocery stores and food service
outlets. The company is quadrupling its farm network and
diversifying its crops to include salad greens and berries by
year-end. The three new high-tech farms—the 15-acre Berea, Ky.,
salad greens facility, the 60-acre Richmond, Ky., tomato facility
and the 30-acre Somerset, Ky., berry facility are currently under
construction and are expected to be operational by the end of
2022.
AppHarvest is developing artificial intelligence, software and
robotics solutions such as Virgo, a prototype universal harvesting
tool, both to optimize its farms and to serve the larger controlled
environment agriculture sector globally. The company is also
investing in the next generation of farmers and futurists by
supporting high school AgTech education in Central Appalachia with
hands-on, high-tech hydroponic classrooms.
For more information about the SXSW Innovation Awards and to
view the complete list of 2022 finalists,
visit www.sxsw.com/awards/innovation-awards/.
About AppHarvest
AppHarvest is an applied technology company in
Appalachia developing and operating some of the world’s largest
high-tech indoor farms, designed to grow non-GMO, chemical
pesticide-free produce, using up to 90 percent less water than
open-field agriculture and only rainwater while producing yields up
to 30 times that of traditional agriculture on the same amount of
land without agricultural runoff. The company combines conventional
agricultural techniques with world-class technology including
artificial intelligence and robotics to improve access for all to
nutritious food, farming more sustainably, building a domestic food
supply, and increasing investment in Appalachia. The company’s
60-acre Morehead, Ky. facility is among the largest indoor farms in
the world. For more information, visit
https://www.appharvest.com/.
Forward-Looking Statements
Certain statements included in this press
release that are not historical facts are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “predict,”
“potential,” “seem,” “seek,” “future,” “outlook,” “can,” “goal,”
“target” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
All statements, other than statements of present or historical fact
included in this press release, regarding AppHarvest’s intention to
build high-tech CEA farms, the anticipated benefits of and
production at such facilities, timing and availability of tomatoes
at top national grocery stores and restaurants, anticipated
benefits of the second season harvest, AppHarvest’s future
financial performance, as well as AppHarvest’s growth and evolving
business plans and strategy, ability to capitalize on commercial
opportunities, future operations, estimated financial position,
projected costs, prospects, plans and objectives of management are
forward-looking statements. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of AppHarvest’s management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as, and must not be relied on as, a guarantee, an assurance,
a prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of AppHarvest. These
forward-looking statements are subject to a number of risks and
uncertainties, including those discussed in the company’s Annual
Report on Form 10-K filed with the SEC by AppHarvest on March 1,
2022, under the heading “Risk Factors,” and other documents
AppHarvest has filed, or that AppHarvest will file, with the SEC.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. In addition,
forward-looking statements reflect AppHarvest’s expectations,
plans, or forecasts of future events and views as of the date of
this press release. AppHarvest anticipates that subsequent events
and developments will cause its assessments to change. However,
while AppHarvest may elect to update these forward-looking
statements at some point in the future, AppHarvest specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing AppHarvest’s assessments
of any date subsequent to the date of this news release.
Accordingly, undue reliance should not be placed upon the
forward-looking statements.
MEDIA CONTACT: Travis Parman,
Travis.Parman@appharvest.com Image/Video
Gallery: Available here
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e859913e-0f1c-4bae-822c-104b8bbef5ce
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