Doug Heldoorn, CEO of ACTX, and Shannon Illingworth, Inventor of GrowPods, Describe Future of Farming

Rhea-AI Summary

Advanced Container Technologies, Inc. (ACTX) emphasizes the urgent need for innovative agricultural solutions amidst global food supply challenges. In a recent podcast, CEO Doug Heldoorn discussed the potential of GrowPods, self-contained hydroponic systems, to mitigate the food crisis exacerbated by drought conditions and climate change. As the global population grows, the demand for food production will increase significantly. The hydroponics market is expected to reach $9.7 billion by 2026, presenting a substantial opportunity for ACTX as the U.S. distributor of GrowPods.

Positive

• ACTX is positioned as a key player in the hydroponic farming market with its GrowPods.
• The hydroponic market is projected to grow to $9.7 billion by 2026, indicating strong industry potential.
• GrowPods offer sustainable farming solutions, using a third of the water compared to traditional farming while eliminating most chemicals.

Negative

• None.

Senior executives from Bayer AG, Archer Daniel Midland, and ADM say that worldwide crop supplies are tight, according to the Wall Street Journal, causing many to rethink agriculture methodologies

CORONA, Calif., Sept. 22, 2022 /PRNewswire/ -- Advanced Container Technologies, Inc (Ticker: ACTX), announced that Doug Heldoorn, CEO, and Shannon Illingworth, the inventor of GrowPods, recently appeared on the popular podcast, Gamechangers LIVE – discussing the future of farming in America and the world. ACTX is the exclusive U.S. distributor of GrowPods - self-contained, hydroponic "micro-farms."

According to a recent article in the Wall Street Journal, the global food supply is in critical condition.

Senior executives from Bayer AG, Archer Daniel Midland, and ADM said worldwide crop supplies remain tight, and persistent drought conditions in the U.S. and South America, along with uneven crop production in Ukraine, are making the situation worse, the Journal reported.

High temperatures this summer exacerbated drought conditions in the U.S. Intense heat in Kansas, Nebraska and Oklahoma set in right when plants require the most water. Some crops were also planted late after a wet spring, causing yield loss, according to agriculture analysts.

According to The Guardian, the world's population is expected to reach nearly 10 billion by 2050, and will require a 70% increase in global food production. "But with agricultural land in short supply thanks to climate crisis and urbanization, it's clear today's food systems are not ready."

But according to many, the answer to some of these problems can be in hydroponic or vertical farming, "and investors clearly agree," the Guardian stated.

"Indoor farming raised over $1bn in 2021, exceeding the combined funding generated in 2018 and 2019, and the industry is expected to grow to $9.7bn worldwide by 2026," according to the publication.

Fast Company reported controlled environment farms are "100 times more productive than traditional agriculture."

The publication wrote, "technology can secure the future of food...you can grow almost anything hydroponically—it's just a matter of determining which crops make sense, financially and otherwise."

Heldoorn, CEO of ACTX, said one reason GrowPods are becoming more popular is that people want a healthier lifestyle and they care about the environment.

"One GrowPod will grow about an acre of food with a third of the water compared to traditional farming," he stated. "With an automated and controlled environment, GrowPods can reduce or even eliminate most chemicals, pesticides, contaminants, and disease – so the food is ultra-clean and even better than organic."

"GrowPods can give traditional farmers a niche to grow high-quality produce year-round," Illingworth added. "Because GrowPods can be located virtually anywhere, food can quickly go from farm to the table, dramatically reducing transportation time, so food stays fresh, healthy, and nutritious."

Learn more by viewing the full interview on Gamechangers Live.

For more information, visit the company's website at: www.AdvancedContainerTechnologies.com

Forward-Looking Statements

This press release contains forward-looking statements made under the "safe harbor" provisions of U.S. Securities Acts. Forward-Looking Statements involve inherent risks and uncertainties, and actual results can differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements 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.

Media Contact:
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View original content:https://www.prnewswire.com/news-releases/doug-heldoorn-ceo-of-actx-and-shannon-illingworth-inventor-of-growpods-describe-future-of-farming-301630818.html

SOURCE Advanced Container Technologies, Inc.

FAQ

What is the significance of the recent ACTX podcast appearance?

The podcast highlighted the critical state of global food supplies and discussed how ACTX's GrowPods can offer solutions through innovative farming.

How are climate challenges affecting food production according to ACTX?

Drought conditions and uneven crop production are worsening global food supply issues, prompting a need for alternative farming methods like hydroponics.

What is the expected growth of hydroponic farming?

The hydroponic market is expected to reach $9.7 billion by 2026, reflecting significant growth opportunities for companies like ACTX.

How do GrowPods contribute to sustainable agriculture?

GrowPods use significantly less water than traditional farming and can grow food year-round, reducing transportation and enhancing food freshness.