AgriFORCE Growing Systems Announces Exclusive Distribution Agreement for Mexico
10 Agosto 2023 - 8:00AM
AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI;
AGRIW), an intellectual property (IP)-focused agtech company, has
contracted Commercializadora DESICO, a leading distributor of AC,
Heating and Air Ventilation systems for Greenhouses and the Food
Manufacturing supply chain in Mexico, to be their exclusive
distributor. Under the terms of the initial three year agreement,
DESICO will promote, market, sell and service AgriFORCE’s
innovative products focused on pathogen and VOC's elimination in
the indoor farming market and food manufacturing across Mexico and
purchase a minimum annual quantity of Hydroxyl generating devices
with contracted minimum first year revenue to AgriFORCE above
$600,000.
AgriFORCE’s disruptive technologies are designed to
provide sustainable solutions to plant and food production that are
better for people and the planet. AgriFORCE-RCS Hydroxyl devices
are chemical-free technologies proven to eliminate pathogens, mold,
mildew and VOCs in food production facilities and indoor farms.
AgriFORCE interim CEO, Richard Wong commented,
“This is an important step in the multi-pronged approach to our RCS
sales strategy into North American markets.”
“We are thrilled to partner with DESICO, a leading
distributor with over 13 years of experience, to bring our
cutting-edge technologies to Mexico,” said Mauro Pennella,
President AgriFORCE Brands. “This partnership will allow AgriFORCE
to enter the growing Controlled Environment Agriculture and Food
Manufacturing verticals in Mexico with a proven and established
solutions provider.”
“DESICO is committed to bringing innovative
solutions to farmers and food producers across Mexico and Latin
America,” said Hector Cardena, CEO of DESICO. “AgriFORCE-RCS’s
devices are unlike anything currently available in our markets. By
eliminating pathogens and VOC’s, AgriFORCE can truly revolutionize
food safety and indoor farming. We look forward to working together
to improve how food is grown and support greater access to fresh,
local produce.”
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.
Follow AgriFORCE on
Twitter: @agriforcegsFollow AgriFORCE on
Facebook: AgriFORCE Growing Systems Ltd.Connect with AgriFORCE
on LinkedIn: AgriFORCE Growing Systems Ltd.
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.
Company Contact:Ian PedersenTel:
(604) 757-0952Email: ipedersen@agriforcegs.com
Investor Relations:Crescendo
Communications, LLCDavid Waldman/Alexandra SchiltTel: (212)
671-1021Email: AGRI@crescendo-ir.com
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