AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) watched its shares lose ground Wednesday. The British Columbia-based company, an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today announced it will be granted a patent, titled “Automated Growing Systems,” by the United States Patent and Trademark Office related to proprietary systems and technologies within the Company’s controlled environment agriculture facility, FORCEGH+.
The patent is the first to be issued among a group of patent applications related to the Company’s automated grow systems, with this patent specifically covering the grow channel component, which allows a range of plants to be grown within a single channel. AgriFORCE has developed specific, data-driven cultivation strategies that start at tissue culture/micropropagation and that result in crops reaching their full genetic potential.
Throughout the plant’s life cycle, these proprietary and integrated systems provide sustainable and holistic solutions.
“We continue to enhance and strengthen our intellectual property portfolio, which is core to our strategy,” commented CEO Ingo Mueller.
“With this granted patent, we are protecting our innovative technologies and designs that achieve higher crop yields through sustainable processes. The issuance of this latest patent is particularly timely, as we lay the foundation for development of the first Coachella Campus for our proprietary and state-of-the-art FORCEGH+ CEA facility. We believe our revolutionary facility design combined with our advanced indoor agriculture systems represent the next generation of food and plant production for consumers.”
Shares in AGRI dipped six cents, or 4.2%, to $1.38.
Related Stories
