STOCK TITAN

Sonny Perdue, Former US Secretary of Agriculture and Georgia Governor, Joins Kalera Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

Kalera has announced the appointment of Sonny Perdue, former U.S. Secretary of Agriculture, to its Board of Directors. Perdue brings over 40 years of experience in agriculture and has also invested in Kalera during its latest financing round. His addition signifies Kalera's commitment to innovation in the vertical farming sector. The company recently acquired Vindara Inc, enhancing its capabilities in producing seeds tailored for vertical farming. Kalera aims to lead the industry with its technology-driven approach, focusing on sustainability and efficiency.

Positive
  • Sonny Perdue's appointment to the Board brings significant agricultural expertise.
  • Recent acquisition of Vindara Inc. enhances Kalera's seed development capabilities.
  • Kalera's commitment to innovation and expansion into new markets.
Negative
  • None.

Brings over 40 years of experience in agriculture

ORLANDO, Fla., March 09, 2021 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world and a leader in plant science for producing high-quality produce in controlled environments, today announced that Sonny Perdue, former United States Secretary of Agriculture and Georgia Governor, will join its Board of Directors and has also personally invested in the company in the latest financing round. Perdue’s appointment to the Board follows the addition of Maria Sastre to the Board of Directors, as well as Kalera’s acquisition of Vindara Inc., the first company to develop seeds specifically for use in vertical farming environments.

Sonny Perdue served as the United States Secretary of Agriculture from 2017 to 2021, where he initiated USDA’s Ag Innovation Agenda. Prior to his time as Secretary of Agriculture, Sonny served as Governor of Georgia from 2003 to 2011 and a Georgia State Senator from 1991-2002. As a state senator, he was often praised for tackling issues when no one else had the courage to do so and for his ability to grasp the nuances of complex problems. Sonny was recognized as a leading authority on numerous issues including agriculture, transportation, education, emerging technologies and economic development.

“Kalera remains focused on being global leaders in all that we do, whether it be in technology, expansion, innovation, building an executive team, or having a world class Board of Directors,” said Daniel Malechuk, CEO of Kalera. “The addition of a global industry titan like Sonny Perdue is a testimony to this commitment and validation of Kalera’s role in defining how we feed the world for generations to come. We are humbled that Sonny has chosen to join us as a fully-active participant on our Board, and are excited about the unique perspective and insight he will provide through his experience as Secretary of Agriculture for the world’s leading agriculture and food producer.”

“Kalera is leading the pack in a booming vertical farming industry,” said Sonny Perdue. “Kalera is a perfect example of the power of American innovation, creativity, and entrepreneurship to develop different, better ways to grow and provide food at home and around the globe. Through my travels, I’ve had the opportunity to experience many intriguing ideas in food and agricultural innovation and technology. In my opinion, Kalera captures the intersection of technology and sustainable food production better than anything I have seen. That is why I am excited about the potential I see in Kalera to change the way we grow and consume our food.”

This news follows the Company’s recent acquisition of Vindara Inc., the first company to develop seeds specifically designed for use in vertical indoor farm environments as well as other controlled environment agriculture (CEA) farming methods. Kalera has realized rapid expansion into a number of new markets including Atlanta, Houston, Denver, Columbus, Seattle, and Hawaii. Kalera is the only controlled environment agriculture company with coast-to-coast facilities being constructed, offering grocers, restaurants, theme parks, airports and other businesses nationwide reliable access to locally grown clean, safe, nutritious, price-stable, long-lasting greens. Kalera uses a closed-loop irrigation system which enables its plants to grow while consuming 95% less water compared to field farming.

About Kalera

Kalera is a technology driven vertical farming company with unique growing methods combining optimized nutrients and light recipes, precise environmental controls, and clean room standards to produce safe, highly nutritious, pesticide-free, non-GMO vegetables with consistent high quality and longer shelf life year-round. The company’s high-yield, automated, data-driven hydroponic production facilities have been designed for rapid rollout with industry-leading payback times to grow vegetables faster, cleaner, at a lower cost, and with less environmental impact. To learn more visit www.Kalera.com.

Media Contact
Molly Antos
Phone: (847) 848-2090
Email: molly@dadascope.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/319dcc3d-611d-4faa-8b00-4507119103c3


FAQ

What is the significance of Sonny Perdue joining Kalera's Board of Directors?

Sonny Perdue's expertise in agriculture is expected to guide Kalera in its growth and innovation strategies.

How does the acquisition of Vindara Inc. impact Kalera?

The acquisition allows Kalera to develop specialized seeds for vertical farming, potentially improving crop yields and production efficiency.

What is Kalera's focus in the vertical farming industry?

Kalera focuses on utilizing technology to enhance sustainable food production and expand its market presence.

What experience does Sonny Perdue bring to Kalera?

Sonny Perdue has over 40 years of experience in agriculture, including his role as U.S. Secretary of Agriculture and Governor of Georgia.

What does Kalera aim to achieve with its recent changes?

Kalera aims to strengthen its leadership and drive innovation in vertical farming to meet the growing demand for sustainable food solutions.

KSLLF

OTC:KSLLF

KSLLF Rankings

KSLLF Latest News

KSLLF Stock Data

108.86M
179.03M
7.18%
21.9%
Farm Products
Consumer Defensive
Link
Norway
Oslo