Edible Garden Deploys Grant Funded Technology from BRISEA; Recently Funded New Grant Received from NJ Economic Development Authority

Rhea-AI Summary

Edible Garden AG Incorporated (Nasdaq: EDBL, EDBLW) announces a partnership with BRISEA Group Inc. to deploy a nanobubble generator demo unit at their Belvidere, New Jersey facility. This collaboration aims to demonstrate the capabilities and potential impact of the innovative technology, generating valuable data for ongoing partnerships involving NJIT, USDA, and EPA in examining the effects of nanobubble technology on the safety of fresh produce and processing methods. The partnership was granted approval by the NJ Economic Development Authority for a two-year nanobubble generator demonstration and evaluation.

BELVIDERE, NJ, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced a partnership with high-tech firm BRISEA Group Inc, to deploy BRISEA’s nanobubble generator demo unit at the Company’s Belvidere, New Jersey facility.

Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to partner with BRISEA Group Inc., a leading provider of end-to-end prototyping services for environmental applications including water, air, and solid waste treatment, which was granted approval by the NJ Economic Development Authority (NJEDA) for the Demo Project Grant as part of the recently funded NJEDA CSIT Pilot Clean Tech Demonstration Grant Program, for a two-year nanobubble generator demonstration and evaluation, a major milestone in the study of nanobubble technology. The deployment of the agricultural nanobubble generator unit at our Belvidere, New Jersey facility aims to demonstrate both the capabilities and the potential impact of the innovative technology. Additionally, we are confident that this collaboration will generate valuable data that can be effectively integrated with our ongoing partnership involving NJIT, the USDA, and the EPA examining the effects of nanobubble technology on the safety of fresh produce and the enhancement of processing methods.”

Likun Hua, PhD., Director of Technology Validation & Prototype Department at BRISEA Group, Inc. stated, “Edible Garden's expertise will be invaluable in the next phase of this project, and we are excited to work closely with them to make the project a resounding success. We believe this collaboration holds immense promise for revolutionizing green agriculture practices, and we are eager to showcase the potential benefits.”

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products backed by Zero-Waste Inspired® next generation farming. Offered at over 5,000 stores in the US, Edible Garden is disrupting the CEA and sustainability technology movement with its safety-in-farming protocols, use of sustainable packaging, patented GreenThumb software and self-watering in-store displays. The Company currently operates its own state-of-the-art greenhouses and processing facilities in Belvidere, New Jersey and Grand Rapids, Michigan, and has a network of contract growers, all strategically located near major markets in the U.S. Its proprietary GreenThumb 2.0 patented (US Nos.: US 11,158,006 B1 and US 11,410,249 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Edible Garden is also a developer of ingredients and proteins, providing an accessible line of plant and whey protein powders under the Vitamin Way® and Vitamin Whey® brands. In addition, the Company offers a line of sustainable food flavoring products such as Pulp gourmet sauces and chili-based products. For more information on Edible Garden go to https://ediblegardenag.com/.

Forward Looking Statements

This press release contains forward-looking statements, including with respect to the Company’s growth strategies, the potential benefits of agricultural technology for the Company’s business, and performance as a public company. The words “aim,” “believe,” “could,” “expect,” “look forward,” “objective,” “plan,” “potential,” “seek,” “strategy,” “will,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company’s ability to achieve its growth objectives. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com

FAQ

What is Edible Garden AG's partnership announcement about?

Edible Garden AG has partnered with BRISEA Group Inc. to deploy a nanobubble generator demo unit at their Belvidere, New Jersey facility.

Who granted approval for the partnership?

The partnership was granted approval by the NJ Economic Development Authority for a two-year nanobubble generator demonstration and evaluation.

What is the purpose of the collaboration?

The collaboration aims to demonstrate the capabilities and potential impact of the innovative technology, generating valuable data for ongoing partnerships involving NJIT, USDA, and EPA in examining the effects of nanobubble technology on the safety of fresh produce and processing methods.

What is the potential impact of the partnership?

The potential impact of the partnership is to revolutionize green agriculture practices and showcase the potential benefits of nanobubble technology.