Annual Awards Recognize Innovation in
Agricultural Technologies Around the Globe
VANCOUVER, BC, Aug. 18,
2021 /CNW/ - CubicFarm® Systems Corp. ("CubicFarms" or the
"Company") (TSXV: CUB), a local chain agricultural technology
company, today announced that it has been selected as winner of the
"Overall Indoor Farming Solution Provider of the Year" award in the
2021 AgTech Breakthrough Awards conducted by AgTech Breakthrough, a
leading market intelligence organization that recognizes the top
companies, technologies, and products in the global AgTech market
today.
Founded by farmers, CubicFarms provides automated, onsite
commercial-scale food and livestock feed technologies. The
CubicFarm System and HydroGreen Grow System indoor growing
technologies convert wasteful long supply chain agriculture into
local chains, enabling farmers to grow more with significantly less
land, water, waste, and physical labour in any climate,
year-round.
The HydroGreen Grow System technology for fresh livestock feed
was designed for areas impacted by water scarcity and uses 90% less
water than conventional irrigated field crops. Farmers using
HydroGreen's technology can harvest fresh livestock feed daily,
exponentially increasing output by producing up to 360 harvests
annually, compared to two harvests per year using traditional
farming methods.
For fresh produce, CubicFarms' unique patented Crop Motion™
technology moves the plants, maximizing cubic square footage while
moving trays to the front of the module for seeding and harvesting.
The CubicFarm System uses significantly less land compared to field
farming to grow the same amount of fresh produce. The volume grown
in only one CubicFarm module is the same amount that can grow in an
area the size of a football field.
To grow a head of lettuce in a CubicFarm System it only takes
two bottles worth of water, compared to 40 bottles of water needed
for field farming. Fresh leafy greens are harvested with the root
attached, retaining 45% more nutrients than field farming and
staying fresher for longer.
"Most food requires long-distance shipping. By 2050, more than
half the world's population will rely on food sourced outside their
country. Being dependent on long supply chains has resulted in food
scarcity and waste, contaminated food, and depleted farming
resources," said Bryan Vaughn,
Managing Director of AgTech Breakthrough Awards. "CubicFarms
technologies can significantly improve independent access to
quality food and maximize crop yield all while reducing the
environmental cost of food and feed production in a meaningful way.
We are so pleased to present CubicFarms with the highly competitive
'Overall Indoor Farming Solution Provider of the Year' award for
2021. CubicFarms is truly changing the world one innovation at a
time."
CubicFarms currently has more than 187 modules under contract
with deposits in locations across Canada, the U.S., and Australia.
The mission of the annual AgTech Breakthrough Awards program is
to conduct the industry's most comprehensive analysis and
evaluation of agricultural and food technology categories,
including Internet-of-Things ("IoT") and Artificial Intelligence
("AI") based agricultural technologies, farm management, indoor
farming, food quality, data analytics, and many more. This year's
program attracted more than 1,500 nominations from over 15
different countries throughout the world.
"We're thrilled that CubicFarms and HydroGreen technologies have
won the 'Overall Indoor Farming Solution Provider of the Year'
AgTech Breakthrough Award," said Dave Dinesen, CEO, CubicFarms.
"Innovative indoor farming solutions are changing what's possible
now and for the future of farming. We're proud to create and
deliver technologies that help farmers to keep growing sustainably,
anywhere in the world."
About CubicFarms
CubicFarms is a local chain agricultural technology company
developing and deploying technology to feed a changing world. Its
proprietary ag-tech solutions enable growers to produce high
quality, predictable produce and fresh livestock feed with
HydroGreen Nutrition Technology, a division of CubicFarm Systems
Corp. The CubicFarms™ system contains patented technology for
growing leafy greens and other crops onsite, indoors, all year
round. CubicFarms provides an efficient, localized food supply
solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
About AgTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for global technology innovation and
leadership, the AgTech Breakthrough Awards program is devoted to
honoring excellence in agricultural technologies, services,
companies, and products. The AgTech Breakthrough Awards program
provides a forum for public recognition around the achievements of
AgTech companies and solutions in categories including farm
management, indoor farming, automation, IoT and robotics, food
quality, analytics and more. For more information visit
AgTechBreakthrough.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Forward-looking
statements are not guarantees of future performance and actual
results may vary materially from those statements. General business
conditions are factors that could cause actual results to vary
materially from forward-looking statements.
SOURCE CubicFarm Systems Corp.
