AgriFORCE Growing Systems Announces Commercial Launch And First Purchase Order For Its AgriFORCE-RCS Hydroxyl Device; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) has announced the commercial launch and first purchase order for its AgriFORCE-RCS Hydroxyl device, a chemical-free technology that eliminates pathogens, mold, mildew, and volatile organic compounds in food production facilities and indoor farms. The first order has been placed by Commercializadora DESICO, a distributor of AC, heating and air ventilation systems. AgriFORCE expects the device to reduce food spoilage and have a significant impact on the bottom line of its customers.
September 18, 2023 | 12:31 pm
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POSITIVE IMPACT
AgriFORCE's launch of its AgriFORCE-RCS Hydroxyl device and the first purchase order from DESICO could potentially boost the company's revenues and profitability. The device's ability to reduce food spoilage could make it attractive to a wide range of customers in the food production and indoor farming industries.
The launch of a new product and the receipt of the first purchase order is generally a positive development for a company. The AgriFORCE-RCS Hydroxyl device's ability to reduce food spoilage could make it attractive to a wide range of customers in the food production and indoor farming industries, potentially leading to increased sales and profitability for AgriFORCE. However, the actual impact on the company's stock price will depend on the success of the product in the market and the company's ability to secure additional orders.
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