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Agrify Announces Launch of Innovative, Project-Based Learning Program, Agrify University
Agrify Corporation, a developer of highly advanced and proprietary precision hardware and software cultivation solutions for the indoor agricultural marketplace, today announced the opening of Agrify University, a brand new 3,500 sq. ft. state-of-the art indoor vertical farming facility featuring Agrify’s latest technology and advanced cultivation methods.
July 19, 2021
Introduces immersive program to assist Agrify customers and next-generation growers in cultivating high-value cannabis with efficiency at scale
Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software cultivation solutions for the indoor agricultural marketplace, today announced the opening of Agrify University, a brand new 3,500 sq. ft. state-of-the art indoor vertical farming facility featuring Agrify’s latest technology and advanced cultivation methods. We believe this new immersive, hands-on project-based learning experience will empower Agrify customers and next-generation growers with the knowledge and education to successfully cultivate cannabis with efficiency at scale by leveraging the power of Agrify’s vertical farming units (“VFUs”) and the Agrify Insights software solution.
Located in Billerica, MA, Agrify University, led by David Kessler, Agrify’s Chief Science Officer, and a team of industry experts, horticulturists, and scientists, will provide participants with in-classroom, on-site, and on-demand learning options. The immersive, multi-sensory curriculum will enable customers and growers to expand their knowledge of how to apply novel scientific research, interpret cultivation data, and leverage Agrify’s technology to improve their indoor cannabis cultivation practices.
“The cultivation methods used by many operators have not evolved as quickly as the industry itself, and we see an opportunity to use the power of data and cutting-edge techniques to dramatically improve the quality and yields from indoor cultivation,” said Mr. Kessler. “Agrify University utilizes our vast cannabis research data sets and technological innovation to provide a curriculum that we believe will support the long-term growth of our industry. We’re proud to add this valuable resource to our comprehensive Agrify ecosystem, and we look forward to welcoming our first cohorts.”
Agrify University classes are available now to all customers. For more information on how to apply and on available program resources, please contact Agrify at info@agrify.com.
About Agrify (NasdaqCM:AGFY)
Agrify is a developer of premium grow solutions for the indoor agriculture marketplace. The Company uses data, science, and technology to empower its customers to be more efficient, more productive, and more intelligent about how they run their businesses. Agrify’s highly advanced and proprietary hardware and software solutions have been designed to help its customers achieve the highest quality, consistency, and yield, all at the lowest possible cost. For more information, please visit Agrify’s website at 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, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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 Agrify University. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events as well as the curriculum and plans that have been developed for Agrify University. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should 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, 2020 filed with the SEC, 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 statements, whether as a result of any new information, future 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.
Netled Signs €15 Million Contract With Oh My Greens To Deliver Vera Vertical Farm To Sweden
Netled and Oh My Greens (OMG) have signed a contract for a three-year investment programme that will see Netled deliver its Vera vertical farm to OMG, a Swedish supplier of potted herbs
July 13, 2021
Netled has signed a contract worth €15 million with Swedish herbs supplier, Oh My Greens.
Netled and Oh My Greens (OMG) have signed a contract for a three-year investment program that will see Netled deliver its Vera vertical farm to OMG, a Swedish supplier of potted herbs. The contract was signed in June 2021 and is worth a total of 15 million euros over three years. The contract also includes a five-year maintenance and cultivation consultancy service, and is estimated to be one of the largest turn-key technology deals specifically between the technology providers and farm operators in the indoor agriculture market to date.
The first delivery for the project is underway and is valued at 3.2 million euros; it is due in Q2 of 2022. After commissioning, Netled will continue to provide technical and consultancy services while OMG will focus on producing and supplying vegetables to retailers in Stockholm. The second phase of the investment plan is due to start in Q4/2022.
OMG is a farm operator company providing consumers with potted herbs and has ambitions to achieve a major market share in Sweden by the end of the investment program.
OMG is part of Applied Value Group, a Swedish-American investment, management consultancy, and social impact firm. OMG operates in Sweden together with its sister company, Bake My Day (BMD). BMD is a 25 million USD revenue company serving 800 customers with daily deliveries including around 400 grocery stores. Working together, BMD and OMG can offer a wide range of the highest quality fresh food products to retail throughout Stockholm and the Mälardalen region, covering 40% of the Swedish population.
“We considered 17 different vertical farming technology providers and came to the conclusion that, in terms of its technology, know-how, and delivery capabilities, Netled is years ahead of the competition,” says CEO of OMG, Moses Isik.
“Netled’s technical and horticultural knowledge, and decades of experience of growing technologies, combined with OMG’s superb logistic network and existing customer relationships, creates an unbeatable competitive advantage which will allow us to quickly increase our market share and supersede traditional herb production with sustainable and ecological vertical farming that will disrupt the existing supply structures.” he continues.
“Netled’s Vera vertical farming technology will allow us to provide customers throughout Sweden with fresher herbs and leafy greens, grown hyper-locally and with a significantly reduced carbon footprint”, Moses adds. “Not only does the customer benefit, but the planet does too!”
Netled Ltd. is the leading vertical farming technology provider in Finland. Netled’s Vera technology offers turn-key indoor farming systems which include a dynamic spacing system, LED lighting, HVAC, and a nutrition system. It also includes automation software, production management and horticulture intelligence software. The Vera family of growing systems range from the Instore growing cabinets to massive-scale Industrial systems.
“The cooperation with OMG and its sister company, BMD, creates a huge opportunity for Netled to increase its market presence in Sweden. It also solidifies our position as the global leader in vertical farming technology,” says CEO of Netled, Niko Kivioja. This contract is the first industrial-scale operation for Netled, which was previously focused on an urban farm scale.
“This contract not only allows OMG to produce fantastic products for customers throughout the whole of Sweden, but it also functions as a clear example to other farm operators of the industrial-scale applications and opportunities our Vera vertical farming technology is capable of.” Kivioja continues.
“Netled is now the premier provider of vertical farming technology globally and we intend to keep it that way.” he concludes.
More information:
Niko Kivioja
CEO, Netled Ltd.
+358 50 360 8121
Moses Isik
CEO, Applied Industries Holding AB
+46 704 269 267
Robert Brooks
Investor Relations & Communications Manager
+358 50 484 0003