AgriFORCE’s Recent Acquisition of Radical Clean Solutions (RCS) Marks Company’s Initiation of Expansion Beyond AgTech
17 Settembre 2024 - 2:00PM
AgriFORCE Growing Systems Ltd. (the “Company”) (NASDAQ: AGRI), an
intellectual property (IP) focused technology company, highlights
new paths for growth following its recently announced acquisition
of Radical Clean Solutions (RCS) and its patent-pending technology
proven to eliminate pathogens molds, virus and volatile organic
compounds in contained environments without the use of harmful
chemicals.
The RCS Hydroxyl Technology generates and distributes hydroxyl
radicals, highly reactive molecules that target and break down
pathogens, virus, mold, volatile organic compounds, and other
contaminants, at an atomic level. Hydroxyl radicals, often referred
to as “nature’s detergent,” exist naturally in the outdoor
environment and are a key part of the natural cleaning process of
the atmosphere.
Roger Slotkin, founder and president of AgriFORCE’s RCS
division, stated, “The Hydroxyl Technology is expandable to a
variety of markets and verticals beyond the initial application of
agriculture and food storage. While the technology’s original uses
surrounded the extension of the life of produce which normally
experiences natural degradation due to naturally-occurring ethylene
and airborne pathogens, we see additional applications that could
have impact on educational and hospitality structures,
transportation, travel, public health and public safety, as well as
creating better environments to preserve the quality and value of
goods from both a manufacturing and storage perspective.”
This technology is environmentally friendly and compatible with
people, pets and plants. RCS has harnessed the power of
hydroxyl radicals in controlled indoor environments, allowing for
the broad-spectrum disinfection and decontamination without the use
of toxic chemicals. While initially applied to agribusiness and
food storage facilities, the Company is actively pursuing
additional applications for the technology where airborne pathogens
would present significant impact on life or materials. Key
applications include:
- Healthcare - Hospitals, assisted living facilities, clinic
environments of all sizes where pathogens may affect the short- or
long-term health of residents and/or staff and where healthy or
even sterile environments are essential for operations.
- Education - Healthy school environments, as commercial
operations, are particularly important as they prevent the human
spread of these pathogens to other environments, potentially
heading off the spread of disease (e.g., potential new
pandemic).
- Business and commercial - Purify air at facilities where people
gather to work and conduct commerce, including office and retail
shops.
- Storage facilities – RCS has applications at warehouses and
other facilities where both living beings and inanimate objects
need protection from pathogens for their health and for the
preservation of the quality and integrity of the materials stored
within. This is of particular value in larger warehouses and
self-storage facilities where mold and other pathogens can destroy
valuable property, often costing thousands of dollars.
- Hospitality and Residential - As with the healthcare vertical,
hospitality provides a significant opportunity to protect the
environment of facilities where people live, vacation, sleep, and
revitalize.
RCS offers multiple products that are geared toward the
various-sized environments within the multiple verticals that the
Company may pursue. Currently, the Company offers four types of
units --in-duct units, quad pro portable, trailers and transport
units, and wall mount units. The Company believes these will offer
customers flexibility and growth with systems tailored to address
their specific needs.
Company CEO, Jolie Kahn, stated, “As we look beyond our AgTech
roots and continue to strengthen our ability to innovate, it is
critical for investors to understand the broader applications
existing with respect to the RCS technology. Neutralizing pathogens
in contained environments has potentially widespread applications
across multiple industries, and we look forward to systematically
leveraging that technology’s potential while continuing to seek
additional opportunities to develop a foothold in other verticals.
We look forward to keeping our stakeholders informed of this
commercialization progress as we pursue complimentary technology
opportunities that will support the company’s mission to build
long-term shareholder value.”
ABOUT AGRIFORCEAgriFORCE 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.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
Forward-Looking Statements
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:
Richard Wong, CFOrwong@agriforcegs.com
CORE IRinvestorrelations@agriforcegs.com
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