VANCOUVER, BC,
March 11, 2022 /CNW/ -
CubicFarm® Systems Corp. ("CubicFarms" or the
"Company") (TSX: CUB), a leading local chain agricultural
technology company, today announced that South by Southwest®
("SXSW") has recognized the Company's HydroGreen Automated Vertical
Pastures™ ("AVPs"), an indoor growing technology for fresh
livestock feed, as one of five finalists in the "New Economy"
category of the 2022 SXSW Innovation Awards.
Featuring HydroGreen among 65 of the most exciting tech
developments in the connected world across 13 categories, the
24th annual SXSW Innovation Awards Ceremony will be held
in Austin, Texas, on March 14, 2022.
"This just saved our farm," said Michael
Rigby, owner of Rigby Cattle Co. in Utah, who has two HydroGreen AVPs on his farm.
Extreme drought, rising costs, and climate change are impacting
farmers all over the world. "The severe drought had us worried we
wouldn't be able to feed our herd. The HydroGreen technology allows
us to grow our own on farm fresh livestock feed. Our family has
been in the cattle industry for generations, and we were
considering getting out of the business entirely if we couldn't get
high quality, nutritious feed for our cattle. Having a consistent,
predictable feed supply no matter what the weather is essential for
our family farm."
HydroGreen AVPs are hydroponic vertically stacked growing layers
in a controlled environment, effectively bringing grazing lands
indoors, harvesting fresh livestock feed daily, 365 days a year.
Unlike other vertical farms, the process is fully automated, with
seeding, watering, and harvesting in a clean environment with no
pesticides, less water, less land, and less labour.
A dozen commercial scale AVPs replace 500 acres of farmland, the
equivalent of 378 football fields, and use 95% less water than
traditional outdoor growing. With a dozen machines, that saves 500
gallons of water annually, enough to give one glass of water to
every person on the planet.
"It's an honor just to be nominated among these globally
recognized projects. What started with one farmer's idea to combat
drought has evolved into a revolutionary agricultural technology
that can help farmers all over the world," said Dan Schmidt, President, HydroGreen. "We're
seeing the need for this more than ever. Weather and climate
disasters in 2021 pummeled farms and ranches across the United States, resulting in over
$12.5 billion in crop and rangeland
losses. We're so excited to have our team's hard work and
technology featured at SXSW. At CubicFarms and HydroGreen, we're
passionate about helping farmers to succeed and do more with less,
locally, and sustainably."
"The Innovation Awards are such a huge part of what we do at
SXSW – the title of this competition reflects one of the pillar
tenants of the event. And for this year, the quality of entries we
received was absolutely off-the-charts," said Hugh Forrest, Chief Programming Officer. "Each
2022 finalist is pushing the envelope with the new ideas, new
technologies, and new processes that they are bringing to the
table. I can't wait until the Innovation Awards Ceremony on
March 14 to see which of these
finalists emerge as the best of the best of the best!"
"It's heartbreaking to see the devastation of climate change and
long supply chain disruptions that are impacting so many farms and
ranches across North America and
the world," said Dave Dinesen, Chief Executive Officer, CubicFarms.
"HydroGreen is a technology that helps the communities who need a
solution today and gives hope for future generations of farmers. As
one of only two Canadian companies recognized this year at SXSW,
we're proud to share our impactful and innovative Automated
Vertical Pastures™ technology with an international audience.
Congratulations to all the finalists and category winners of this
year's SXSW Innovation Awards!"
About CubicFarms
CubicFarms is a leading 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.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
This release may contain certain "forward-looking statements" or
"forward-looking information" under applicable securities laws.
Forward-looking terms such as "may," "will," "could," "should,"
"would," "plan," "potential," "intend," "anticipate," "project,"
"target," "believe," "plan," "outlook," "estimate," or "expect" and
other words, terms and phrases of similar nature are often intended
to identify forward-looking statements, although not all
forward-looking statements contain these identifying words.
Forward-looking statements are based on certain key expectations
and assumptions made by the Company. Although management of the
Company believes that the expectations and assumptions on which
such forward-looking statements are based are reasonable, undue
reliance should not be placed on the forward-looking statements
because the Company can give no assurance that they will prove to
be correct.
SOURCE CubicFarm Systems Corp.