AgriFORCE Granted Further Patent from the USPTO Related to its FORCEGH+ Facilities

PRESS RELEASE
Published February 16, 2024

VANCOUVER, British Columbia, Feb. 16, 2024 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI; AGRIW), an intellectual property (IP) focused AgTech company, today announced that on February 13, 2024, the USPTO granted Patent No. 11,895,958 entitled "STRUCTURES FOR GROWING PLANTS (TO GENERATE MICRO-ENVIRONMENT CONDITIONS)" to the Company.

This continuation patent covers the innovative FORCEGH+ facility design, including its ability to integrate with different automated systems. This patent expands on the Company’s previously announced patent related to its FORCEGH+ facilities. FORCEGH+ is the Company’s proprietary grow facility design, a sustainable methodology and environment, including in extreme macro climates, for growing optimized crops through Good Manufacturing Practices (GMP) equivalent pharma-grade standards. FORCEGH+ facilities are designed as advanced AgTech, high efficiency building envelopes developed through proprietary engineering and materials. FORCEGH+ advantages include facility designs that harness solar power; advanced hydroponics providing precise and consistent high yield crop growth cycles; and the ability to be deployed in a variety of ecosystems. The Company has developed FORCEGH+ with the intent to optimize crop yields to as near maximize genetic potential, while eliminating the need for pesticides, fungicides, and herbicides, thereby providing customers with the next-generation of controlled-environment agriculture.

“We see the benefits of adding another key U.S. patent around our FORCEGH+ technology, which significantly expands the scope of coverage and extends the timeline around our IP,” commented Richard Wong, Chief Financial Officer of AgriFORCE.

ABOUT AGRIFORCE

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an AgTech company focused on building an integrated AgTech platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem – providing the best solutions to help drive sustainable crops and nutritious food for people around the world. The AgriFORCE vision is to be a global leader in delivering plant-based foods and products through an advanced and sustainable AgTech platform that makes positive change in the world—from seed to table. Additional information about AgriFORCE is available at: www.agriforcegs.com.

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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.

Investor Relations:

Mauro Pennella, President Brands and CGO, mpennella@agriforcegs.com


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