Agrify Corporation Celebrates Research Sponsorship with University of Georgia on Leafy Green Production in Vertical Farms
11 Aprile 2024 - 2:00PM
Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a
leading provider of innovative cultivation and extraction solutions
for the cannabis industry, today announced the celebration of newly
published research on leafy green production in vertical farms by
University of Georgia’s (“University of Georgia” or “UGA”)
Controlled Environmental Agriculture (“CEA”) program under Agrify’s
Model R Horticulture LED lights (“Model R”).
Agrify Model R Horticulture LED lights and
controllers have been used by the University of Georgia’s CEA
program since the opening of UGA’s first indoor research facility.
The 630 watts Model R Horticulture LED are spectrum adjustable and
one of the only lights in the industry that has received UL, Design
Lighting Consortium (DLC), and National Sanitation Foundation (NSF)
certifications. Agrify’s lights have been shown to increase
cultivation yields and quality in various plants. Agrify’s Model R
LED were installed in two grow rooms at UGA and used to cultivate
leafy greens such as lettuce and spinach for research investigating
the impact of different light intensity, nutrient uptake, and CO2
levels.
Rhuanito Ferrarezi, Associate Professor of
Controlled Environmental Agriculture at UGA, along with Micah
Gilbert, Manager of Horticulture and Customer Success at Agrify,
have been leading the effort to create a true indoor research
facility for the CEA program. Recently, on March 14th, Ferrarezi
and his team published findings on “Airflow, fertilizer solution
recipes, and calcium concentrations influence on lettuce and
spinach growth in an indoor vertical farm” (Ferrarezi, 2024). This
two-seasonal study unveiled optimal airflow and nutrient levels for
leafy green production in vertical farms.
David Kessler, Chief Science Office of Agrify,
shared that “We are pleased that Agrify’s lighting research
sponsorship has been able to make an impact in furthering
University of Georgia’s research and development for indoor
controlled environmental agriculture and help prepare the next
generation of indoor horticulturalists and farmers for our
ever-evolving world. We hope we can continue supporting the CEA
program’s indoor vertical farm and look forward to seeing more
impactful research under Ferrarezi’s team.”
To read the full research paper, please
visit:
https://www.sciencedirect.com/science/article/pii/S0304423824001080#sec0014.
For information about Agrify’s cultivation and
extraction technologies, please visit www.agrify.com to learn
more.
About AgrifyAgrify is a leading
provider of innovative cultivation and extraction solutions for the
cannabis industry, bringing data, science, and technology to the
forefront of the market. Our proprietary
micro-environment-controlled Vertical Farming Units (VFUs), enable
cultivators to produce the highest quality products with unmatched
consistency, yield, and ROI (return on investment) at scale. Our
comprehensive extraction product line, which includes hydrocarbon,
ethanol, solventless extraction, post-processing, and lab
equipment, empowers producers to maximize the quantity and quality
of extract required for premium concentrates. For more information,
please visit our website at http://www.agrify.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning Agrify and other matters. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements including, without limitation, statements regarding the
consummation of the transaction with University of Georgia,
installation of the equipment, and the receipt of the lifetime of
revenue from the agreements. In some cases, you can identify
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of operations. Forward-looking statements involve known and unknown
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actual results, performance, or achievements to be materially
different from any future results, performance or achievements
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carefully consider the risks and uncertainties that affect our
business, including those described in our filings with the
Securities and Exchange Commission (“SEC”), including under the
caption “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2022 that was filed with the SEC on
November 28, 2023, which can be obtained on the SEC website at
www.sec.gov. These forward-looking statements speak only as of the
date of this communication. Except as required by applicable law,
we do not plan to publicly update or revise any forward-looking
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events, or otherwise. You are advised, however, to consult any
further disclosures we make on related subjects in our public
announcements and filings with the SEC.
Agrify Investor Relations
IR@agrify.com(857) 256-8110
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