ACTX and GP Solutions Developing New Smaller Controlled Environment Farming Systems for Home and Commercial Use

Rhea-AI Summary

Advanced Container Technologies (Ticker: ACTX) is collaborating with GP Solutions to launch the GrowPod Habitat™, a compact hydroponic system for home and commercial use. Scheduled for market readiness by Q1 2023, these units aim to empower users to grow clean and nutritious food efficiently. The home gardening tool market is projected to exceed $112.09 billion by 2027, expanding at a CAGR of 4.51%. CEO Douglas Heldoorn emphasizes the potential to enter new markets and combat hunger, highlighting the innovative design's appeal to consumers, schools, and various organizations.

Positive

• Collaboration with GP Solutions to develop GrowPod Habitat™ enhances market reach.
• Projected to tap into a home gardening market worth over $112.09 billion by 2027.
• Scheduled market launch by Q1 2023 could drive early revenue.
• CEO highlights the potential for users to begin businesses, aiding in food security.

Negative

• None.

If every gardener grows a little extra and donates the food, it would go a long way towards helping reducing hunger in America

CORONA, Calif., Sept. 14, 2022 /PRNewswire/ -- Advanced Container Technologies, Inc (Ticker: ACTX), in association with GP Solutions, is developing a new series of GrowPods for home and commercial use. The new systems, called "GrowPod Habitat^™" are smaller-sized and will enable virtually anyone to grow their own food.

The units are being made for the consumer market, as well as for schools, churches, non-profits, plus commercial organizations and businesses that want the benefits of growing their own clean, nutritious food, but also want a smaller size unit and reduced cost-of-entry that better matches their needs and budgets.

According to a report by Market Research Future, the home gardening tool market is estimated to reach over $112.09 Billion by the end of 2027. The report further predicts the market will expand at a healthy CAGR of over 4.51% during the review timeframe.

The market "is quite appealing, and established, with consistent growth," the report states.

GrowPods are hydroponic modular farms that can be located almost anywhere, and feature an automated and controlled environment that is finely tuned to grow a wide variety of leafy greens, fruits and vegetables. GrowPods feature a filtered and enclosed environment that makes it possible for virtually anyone to grow healthy, robust, exceptionally clean food.

Douglas Heldoorn, CEO of Advanced Container Technologies, Inc, said the company plans to have GrowPods Habitat^™ ready for market by 1^st quarter.

"Developing this innovative smaller system allows us to enter an enormous new market with tremendous potential" Heldoorn said. "Additionally, this ground-breaking form factor will allow people to take control of their food, feed their families, start a new business, or help fight hunger," he added. "This could be a game-changer for society in many ways."

For more information on Advanced Container Technologies or GrowPods, call: (951) 381-2555 or visit: www.advancedcontainertechnologies.com or www.growpodsolutions.com.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-Looking Statements about ACTX' beliefs and expectations, involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words such as "could," "may,"  "expect," "anticipate,"  "estimate," "intend," "plan," "believe," "potential," or other similar expressions. All information is as of the date of this press release, and ACTX undertakes no duty to update such information, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/actx-and-gp-solutions-developing-new-smaller-controlled-environment-farming-systems-for-home-and-commercial-use-301624312.html

SOURCE Advanced Container Technologies, Inc.

FAQ

What is the GrowPod Habitat™ being developed by ACTX?

The GrowPod Habitat™ is a new, compact hydroponic system designed for home and commercial use, enabling users to grow clean, nutritious food.

When will the GrowPod Habitat™ be available on the market?

The GrowPod Habitat™ is scheduled to be ready for market by the first quarter of 2023.

What market is ACTX targeting with the GrowPod Habitat™?

ACTX is targeting the home gardening market, which is expected to exceed $112.09 billion by 2027.

Who is partnering with ACTX for the development of GrowPod Habitat™?

ACTX is collaborating with GP Solutions for the development of the GrowPod Habitat™.

How does the CEO of ACTX view the potential of the GrowPod Habitat™?

CEO Douglas Heldoorn believes the GrowPod Habitat™ could be a game-changer for society by allowing individuals to take control of their food supply and combat hunger.