Edible Garden Receives US Patent No. D1, 010,365 S for Self-Watering In-Store Display
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Insights
The issuance of a patent for Edible Garden's Self-Watering Display is a strategic move that could potentially disrupt the retail sector of controlled environment agriculture (CEA). This innovation aligns with the growing consumer demand for sustainability and fresh, locally grown produce. By enhancing product shelf life and reducing spoilage, Edible Garden is likely to see an increase in retailer and consumer satisfaction, potentially leading to stronger relationships with retailers and an expanded consumer base. Moreover, the reduction in waste contributes to operational cost savings and could improve profit margins. The successful implementation at Meijer and plans for expansion indicate a positive market reception and scalability of the technology.
The patent for the Self-Watering Display reflects Edible Garden's commitment to sustainability, resonating with its Zero-Waste Inspired® mission. By reducing spoilage and extending the shelf life of plants, the company is directly contributing to the reduction of food waste in the retail segment. This approach not only has environmental benefits but also aligns with consumer trends favoring sustainable and environmentally responsible products. Additionally, this innovation could serve as a case study for other companies in the industry, potentially setting a new standard for sustainability practices within CEA and retail.
The grant of U.S. Patent No. D1,010,365 S provides Edible Garden with a competitive edge by legally protecting their Self-Watering Display technology. This protection can deter competitors from copying the design and functionality, allowing Edible Garden to maintain a unique position in the market. The patent also adds to the company's intellectual property portfolio, which can be an attractive asset for investors and may increase the company's valuation. As the company expands its deployment, the patent could also be leveraged in licensing agreements or partnerships, potentially creating additional revenue streams.
Consistent with Company’s Zero-Waste Inspired® Mission, Self-Watering In-Store Displays Reduce Waste and Offer Superior Products to Consumers
Edible Garden’s Self-Watering In-Store Display
BELVIDERE, NJ, Feb. 07, 2024 (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 that the U.S. Patent and Trademark Office (USPTO) has issued a patent related to its in-store, Self-Watering Display.
The USPTO has issued U.S. Patent No. D1,010,365 S, titled, “Plant Display Apparatus” to Edible Garden AG Incorporated. The patent encompasses methods and systems designed for the Company’s proprietary in-store, Self-Watering Display, which is designed to increase plant shelf life and provide an enhanced in-store plant display experience.
Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “Our proprietary Self-Watering Display's recent patent underscores our dedication to innovation, following closely on the heels of a third patent awarded for our unique Green Thumb Greenhouse Agriculture System. This Self-Watering Display technology has been transformative in increasing plant shelf life, ensuring maximum freshness, and significantly reducing spoilage at retail locations. Consistent with our Zero-Waste Inspired® mission, our self-watering displays enable retailers to present plants in their prime, reducing waste and offering superior products to consumers. Following a successful initial rollout at Meijer, the display’s effective implementation has led us to expand our deployment across our distribution network.”
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, US 11,410,249 B2 and US 11,830, 088 B2) software optimizes growing in vertical and traditional greenhouses while seeking to reduce pollution-generating food miles. Its patented Self-Watering display (US No: US D1,010,365 S) enables retailers to present plants in their prime, reducing waste and offering superior products to consumers. 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/.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com
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