Kalera Engages Financial Profiles for Investor Relations

Rhea-AI Summary

Kalera Public Limited Company (Nasdaq: KAL) has engaged Financial Profiles, Inc. as its investor relations firm to enhance its strategic investor relations program. CEO Jim Leighton highlighted the aim to raise awareness of Kalera's vertical farming model, positioning the company to capitalize on a market expected to reach $88 billion by 2028. Financial Profiles emphasizes Kalera's scale and technological advancements in the vital vertical farming industry, focusing on local, fresh greens. The company operates multiple farms in the U.S. and Kuwait with more under development.

Positive

• Engaged Financial Profiles for strategic investor relations.
• Positioned to capitalize on a market projected to reach $88 billion by 2028.
• Leverages technology for a capital-efficient business model.

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• None.

ORLANDO, Fla., July 25, 2022 (GLOBE NEWSWIRE) -- Kalera Public Limited Company (Nasdaq: KAL), a vertical farming company headquartered in Orlando, Florida, announced today that it has engaged Financial Profiles, Inc. as its investor relations firm.

“We are pleased to be working with Financial Profiles to implement a strategic investor relations program for our growing company,” said Kalera President and Chief Executive Officer Jim Leighton. “As a company newly listed on Nasdaq, we will work with Financial Profiles to raise awareness of our unique business model and build a strong financial brand with Wall Street. We have a huge market opportunity ahead and an exciting story to tell. Vertical farming is the future of sustainable agriculture, and Kalera is well positioned to be a leader in this emerging space and to deliver value to our stakeholders.”

“Our team is delighted to collaborate with Kalera, and we look forward to educating investors and analysts about this leader in the vertical farming industry,” said Financial Profiles President Moira Conlon. “Kalera has achieved scale in a growing, vital industry that is expected to reach $88 billion by 2028. They have successfully leveraged technology and agricultural knowhow to build a capital-efficient business model, which is critical to attaining the scale necessary to meet increasing demand for local, fresh, nutritious and affordable greens.”

About Kalera
Kalera is a vertical farming company headquartered in Orlando, Florida. Kalera uses technology to ensure that more people around the world have access to the freshest, most nutritious, and cleanest products available. It has spent several years optimizing plant nutrient formulas and developing an advanced automation and data acquisition system with Internet of Things, cloud, big data analytics and artificial intelligence capabilities. Kalera currently operates farms in the US (in Orlando, Florida; Atlanta, Georgia; Houston, Texas and Denver, Colorado), as well as in Kuwait. Additional farms are under development. More information is available at www.kalera.com.

About Financial Profiles
Established 15 years ago, Financial Profiles is a strategic communications firm that creates value through effective communication. Public and private companies come to us for our expertise in investor relations, transaction support, corporate communications, public relations, ESG advisory and crisis management. We have a demonstrated track record of leveraging best-in-class communications practices to help our clients enhance their profiles to attract capital, talent, customers and media attention. Financial Profiles is a certified woman-owned business. www.finprofiles.com

Forward-Looking Statements
This communication includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the applicable securities laws. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters.

These forward-looking statements include, but are not limited to, statements regarding growth of the business and industry. These statements are based on various assumptions and/or on the current expectations of Kalera's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Kalera. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; changes in the assumptions underlying Kalera's expectations regarding its future business; the effects of competition on Kalera's future business; and the outcome of judicial proceedings to which Kalera is, or may become a party.

If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Kalera presently do not know or currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect expectations, assumptions, plans or forecasts of future events and views as of the date of this communication. Kalera anticipate that subsequent events and developments will cause these assessments to change. However, while Kalera may elect to update these forward-looking statements at some point in the future, Kalera specifically disclaims any obligation to do so, except as required by applicable law. These forward-looking statements should not be relied upon as representing Kalera's assessments as of any date subsequent to the date of this written communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Contact
Financial Profiles, Inc.
Julie Kegley
jkegley@finprofiles.com
310.622.8246

FAQ

What is Kalera's recent investor relations initiative?

Kalera has engaged Financial Profiles, Inc. to strengthen its investor relations strategy.

What market opportunity is Kalera targeting?

Kalera is positioned to tap into the vertical farming market, expected to reach $88 billion by 2028.

What technology does Kalera utilize in its operations?

Kalera employs advanced technology, including IoT and AI, to optimize its vertical farming processes.

What are Kalera's current operational locations?

Kalera operates farms in Orlando, Atlanta, Houston, Denver, and Kuwait.

What is the significance of engaging Financial Profiles for Kalera?

Engaging Financial Profiles aims to enhance Kalera's financial branding and awareness on Wall Street.