AgriFORCE Receives Notice of Allowance Related to its FORCEGH+ Facility from the United States Patent and Trademark Office
VANCOUVER, British Columbia, Nov. 17, 2022 (GLOBE 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 19 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 bsiness 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)
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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.
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