TROY, Mich, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the successful installation of a PX-30 Hydrocarbon Extraction System at its customer’s Michigan facility.
The PX-30 Hydrocarbon Extraction System is the largest system of Agrify’s PX-Extraction series, and represents a cutting-edge advancement in hydrocarbon extraction technology, designed to enhance efficiency and precision in the extraction process. This installation marks a significant milestone for Agrify, reinforcing the company’s commitment to delivering state-of-the-art solutions to the cannabis and hemp industries as operators around the country continue to purchase and operate with Agrify’s latest technologies.
Lume Cannabis’ (“Lume Cannabis” or the “Customer”) Michigan facility had previously been operating with Agrify’s XMU Hydrocarbon Extraction System. As the Customer’s business grew and the operation required additional speed and throughput from the system, Lume Cannabis purchased the PX-30 system through the Company’s subsidiary Precision Extraction Solutions to elevate its extraction capabilities, meeting the increasing demand for premium extracts in the rapidly growing cannabis and hemp markets. “Having owned a Precision XMU for the past year and a half, the Precision PX-30 was the natural choice for Lume when we decided to expand our resin extraction capabilities. The Precision Extraction team has been great to work with and we appreciate their efforts to do anything in their power to ensure their customers have a smooth installation and startup experience,” said Stan Gourentchik, Lab Manager at Lume Cannabis.
Key features of the PX-30 hydrocarbon extraction system include:
High Extraction Efficiency: The PX-30 ensures optimal extraction yields, maximizing the production of high-quality extracts of up to 240+ lbs. per 8-hour shift.
Operational Design: Created with the operator in mind, the PX-30 offers ultra-low temperature operation with fast recovery times, with or without a compressor. All functions and features are easily accessible in a linear process flow with conveniently located controls and ergonomics designed for the operator.??
Safety/Compliance: Agrify prioritizes safety, and the PX-30 is built with state-of-the-art safety features to comply with 3A sanitary and cGMP standards.
"We are thrilled to announce the successful installation of another PX-30 hydrocarbon extraction system at one of our valued customers here in the state of Michigan," said Brian Towns, EVP & General Manager at Agrify. "This state-of-the-art technology aligns with our mission to provide our clients with the best tools for long-term success in an evolving industry. Agrify is committed to all of our customer’s success as their success is our success.”
As Agrify continues to innovate and invest in cutting-edge technologies, the Company remains at the forefront of the equipment and ancillary cannabis extraction market.
Recent AGFY News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 11:30:24 AM
- Nature's Miracle Mutually Agrees to Terminate Plan to Merge with Agrify Corp. • PR Newswire (US) • 05/20/2024 11:30:00 AM
- Agrify Corporation Mutually Agrees to Terminate Plan to Merge with Nature’s Miracle • GlobeNewswire Inc. • 05/20/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 11:30:30 AM
- Nature’s Miracle and Agrify Corporation Announces Signing of the Definitive Merger Agreement • GlobeNewswire Inc. • 05/16/2024 11:30:00 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 11:00:09 AM
- Nature’s Miracle Holding Inc. and Agrify Corporation Agree to Merge • GlobeNewswire Inc. • 04/17/2024 11:30:00 AM
- Agrify Corporation Reports Full-Year 2023 Earnings • GlobeNewswire Inc. • 04/15/2024 09:42:13 PM
- Agrify Corporation Celebrates Research Sponsorship with University of Georgia on Leafy Green Production in Vertical Farms • GlobeNewswire Inc. • 04/11/2024 12:00:00 PM
- Agrify Corporation Announces Turnkey Hydrocarbon Extraction Equipment Contract with Connecticut-Based Company New England Edibles, dba SoundView • GlobeNewswire Inc. • 03/28/2024 12:00:00 PM
- Agrify Corporation Announces Turnkey Solventless Extraction Equipment Contract with Massachusetts-Based Company Blackstone Valley Cannabis • GlobeNewswire Inc. • 03/20/2024 12:00:00 PM
- Agrify Corporation Announces Turnkey Extraction Equipment Deal with Multi-State Operator Justice Cannabis Co. Expanding into New Jersey Market • GlobeNewswire Inc. • 03/13/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:30:12 PM
- Agrify Corporation Announces CEO Participation in Closing of Public Offering • GlobeNewswire Inc. • 03/05/2024 01:00:00 PM
- Agrify Corporation Announces $3.4 Million Sales Order From New Jersey Woman-Owned Business HarvestWorks Farm • GlobeNewswire Inc. • 02/29/2024 12:30:00 PM
- Form 424B1 - Prospectus [Rule 424(b)(1)] • Edgar (US Regulatory) • 02/28/2024 07:38:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 02:28:59 PM
- Agrify Corporation Announces Pricing of $2.6 Million Public Offering • GlobeNewswire Inc. • 02/28/2024 02:25:00 PM
- Agrify Corporation Announces First Multi-Year and Two-Million Dollar Extraction Managed Services Contract with Customer in Michigan • GlobeNewswire Inc. • 02/22/2024 12:30:00 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 02/21/2024 09:00:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 12:30:28 PM
- Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 and Update on Customer Project • GlobeNewswire Inc. • 02/21/2024 12:30:00 PM
- Agrify Corporation Announces Turnkey Ethanol Extraction Deployment in New Jersey with Denver Cole • GlobeNewswire Inc. • 02/20/2024 12:30:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/15/2024 05:15:23 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:24:33 PM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM