Affinor Growers Acquires Farming Technology Patent from Vertical Designs Ltd
MONTREAL, CANADA–(Marketwired – Jan 13, 2015) – Affinor Growers (CSE:AFI)(1AF.F)(RSSFF) (“Affinor” or the “Corporation) announces they have completed the acquisition and ownership, development and commercialization rights of the farming technology “Method and Apparatus for Automated Horticulture and Agriculture” Patent from Vertical Designs Ltd (“VDL”).
VDL is a patented provider of safe, high quality agricultural and vertical farming technologies and will assign the patent to Affinor to produce a number of high quality agricultural products including herbs, lettuce, spinach, and plants that require pollination such as strawberries. Under the terms, Affinor becomes the patent holder and will issue to VDL in consideration five million common shares at a price of twenty cents per share, such shares to be issued within thirty days after the confirmation by the World Intellectual Property Organization and the regularity approval.
Sebastien Plouffe, President and CEO of Affinor, commented, “This patent creates unique growing conditions and microenvironments for proper tissue development resulting in optimum crops production, quality products and long shelf life. The technology increases the traditional yield per square foot from 10 to 15 times and decreases spoilage or scrap for many leafy green products. And, it eliminates the use of pesticides and other chemical inputs due to a controlled environment. We anticipate this acquisition will contribute meaningfully to our growing IP portfolio and towards our corporate mission to become a leading agricultural technology company focused on solving the world’s food issues.”
The patent process is a continuous cultivation from seed to harvest for perpetual production reducing watering times and amounts, which results in a year round production. The patent provides technological advancements in commercial agriculture with optimized and automated air flow, temperature and CO2 at every level, allowing plants to breathe properly which results in reduced growth times and proper tissue development. Also, the proprietary microenvironments powered by software helps to control cell elongation typically found in hydroponic greenhouse applications. This results in a more stable product and longer shelf life. The patent is ergonomically designed to reduce labor cost for pruning, trimming, transplanting, inspecting and harvesting.
About Affinor Growers Inc.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Sebastien Plouffe”, President & CEO
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