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Seedo Corp Enters Research Agreement With The Polytechnic University Of ValenciaTEL AVIV, Israel, May 4, 2021 /PRNewswire/ --
Seedo Corp. (OTCQB: SEDO), today announced that it has entered a research agreement with The Polytechnic University of Valencia to develop vertical farming protocols for saffron with Professor Rosa V. Molina . Professor Molina has extensive knowledge in the cultivation of saffron from her university research programs in Spain and will join the scientific committee of the project. "We are thrilled to work with the Polytechnic University of Valencia and welcome Professor Molina as a research advisor to Seedo Corp," says David Freidenberg, CEO, Seedo Corp. "This research agreement will help us develop an alternative to the traditional agricultural process of growing saffron that is both expensive and labor-intensive. Professor Molina is an expert in saffron cultivation and her knowledge will advance our mission to create a new market for the valuable spice and increase its profitability." "This is a significant milestone in the rapid growth of our company," says Dr. Gil Feiler, Chairman, Seedo Corp. "As we head into the next phase of our development, Professor Molina's insights and guidance will provide tremendous value and bring us closer than ever to establishing and utilizing the protocols for ertical farming saffron." The Polytechnic University of Valencia is one of the leading facilities for plant science and agricultural engineering. Professor Molina has spent decades studying saffron growing in an agricultural setting. Her breadth of knowledge is imperative to advance the indoor growing protocols for saffron. Her expert opinion and research findings will support Seedo's future business and operations. "Saffron production has not changed since the ancient times," says Professor Rosa Molina. It requires intensive hand labor, particularly for flower picking and stigma separation. Only in countries with low labor costs is it possible to maintain traditional cultivation techniques. Mechanization and modernization of saffron cultivation and processing is the only alternative for its persistence in the most economically advanced countries for both culinary and medicinal applications. "Developing the protocols for vertical farming of saffron would lead to more widespread use of this valuable plant and recover saffron cultivation in countries where it has been lost due to high labor costs." About Seedo: Seedo Corp. (OTC: SEDO) is an aggrotech company that focuses on the research, development, and commercialization of agriculture products. Seedo's technology is aimed at transforming the way agriculture is done by offering a responsible and sustainable way to grow crops in a world confronted by environmental challenges and dwindling earth reserves, diminishing water sources and unstable weather conditions. Cautionary Note Regarding Forward-Looking Statements This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management's current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to our ability to successfully execute a smooth transition of CFO functions as well as our ability to retain and recruit qualified executives; uncertainties related to, and failure to achieve, the potential benefits and success of our senior management team and organizational structure; our ability to successfully compete in the marketplace; our substantial indebtedness, which may limit our ability to incur additional indebtedness, engage in additional transactions or make new investments; compliance, regulatory and litigation matters; other financial and economic risks; and other factors discussed in our Quarterly Reports on Form 10-Q and in our Annual Report on Form 10-K, including in the sections captioned "Risk Factors" and "Forward Looking Statements." Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements. Media Relations Contact: David Freidenberg, Chief Executive Officer,
SOURCE Seedo Corp. 
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