Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a
leading provider of innovative cultivation and extraction solutions
for the cannabis industry, announced the release of PurePacks,
seamless, double filtration rosin bags, under solventless
extraction brand PurePressure.
PurePressure, which Agrify acquired in January 2022, is a leader
in solventless extraction and advanced ice water hash processing
equipment for the cannabis and hemp industry. The release of
PurePacks makes PurePressure the only company in the industry to
offer a stitchless double bag that does not require flipping.
PurePacks are premium, double-layer rosin filter bags used with
rosin presses for heat pressure filtration. As PurePressure’s third
rosin bag release, PurePacks are the result of years of research
and development in response to customer feedback. PurePacks are
available in five different sizes ranging from 2”x3” to 2.5”x9” and
are sold in packs of 25, 100, or 200 on the PurePressure website.
Prices start at $45/pack.
Composed of a small 25 μm bag inside a 120 μm bag, PurePacks
rosin bags feature less wicking and a finer level of filtration in
a single press. Double filtration eliminates the need to manually
double bag and flip bags while reducing slippage and hydroplane
risk. Before going to market, PurePacks were rigorously tested by
industry leaders who observed up to a 4% yield increase in rosin
production when pressing with PurePacks. Testing feedback prompted
a Blowout Warranty for PurePacks: 30-day limited warranty that
replaces rosin bags for customers who have a “blowout” rupture
during pressing.
Lab Manager Sebastian Marquez noted, “At the end of the day,
it's saving labor. The efficiency of not double bagging…if you’re
pressing all day, you're going to cut out that quarter of your day
you spend preparing.”
The monofilament yarn used to manufacture the PurePacks are
composed of substances which comply with the Code of Federal
Regulations (USA), Food and Drugs, Title 21, Part 177. Rather than
traditional stitching, PurePacks utilize sonic welds, with the
welded seam placed on top of the bag. This placement creates a full
perimeter of mesh for filtration, reduces blow out rates along
seams, reinforces seams to prevent ruptures if used as intended,
decreases back slipping, and ensures filtration media has a more
reliable micron rating.
“Our customers’ needs are always front of mind. With the
development of PurePacks, we directly addressed our customers’ pain
points to create a product that performs to their exacting
standards,” said Raymond Chang, Chairman and Chief Executive
Officer of Agrify. “With the release of PurePacks, we continue our
commitment to compliance and quality. Paired with Agrify’s full
suite of offerings, we continue to deliver on our mission to
provide our customers with premium end to end solutions so they can
bring safe, quality extracts to market while continuing to push our
efforts to drive recurring consumable revenue. It’s a win-win.”
PurePacks are available for immediate purchase via PurePressure.
Visit the site to review specifications, compliance, and warranty
information.
About Agrify (Nasdaq:AGFY)
Agrify is a leading provider of innovative cultivation and
extraction solutions for the cannabis industry, bringing data,
science, and technology to the forefront of the market. Our
proprietary micro-environment-controlled Vertical Farming Units
(VFUs) enable cultivators to produce high quality products with
unmatched consistency, yield, and ROI at scale. Our comprehensive
extraction product line, which includes hydrocarbon, ethanol,
solventless, post-processing, and lab equipment, empowers producers
to maximize the quantity and quality of extract required for
premium concentrates. For more information, please visit Agrify at
http://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
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 the expected benefits of using
PurePacks, Agrify’s ability to derive recurring revenue from
PurePacks, and Agrify’s ability to deliver solutions and services,
including the development of new solutions. 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. Agrify has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that it
believes may affect its business, financial condition and results
of operations. 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 filed for
the year ended December 31, 2021 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.
Company Contacts
Investor Relations Inquiries
Caitlin Moakley BrickerChief of
Staffcaitlin.moakley@agrify.com(617) 733-0584
Media Inquiries
Rachel SoulsbyVice President of Marketing
rachel.soulsby@agrify.com(978) 660-9125
Source: Agrify
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