BOCA RATON, Fla.--(BUSINESS WIRE)--Zero Gravity Solutions, Inc.'s (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications on Earth, announced today that it has received notification from the United States Patent and Trademark Office (USPTO) that its BAM-FX™ patent pending application has been approved for issuance in the United States. The Company is now completing the last procedures necessary for the final issuance of the patent. The approval of the BAM-FX patent represents a significant milestone in the product’s commercialization.
“The rollout and introduction of BAM-FX in multiple markets and crops is well underway; the granting of the patent approval by the USPTO provides necessary protection for our unique and potentially disruptive agricultural technology,” stated Glenn Stinebaugh, ZGSI’s President and Chief Executive Officer. Mr. Stinebaugh further stated, “We believe that the Company’s manufacturing facility will be able to provide commercial quantities of BAM-FX for the current and upcoming growing season. The intended expansion of our agricultural sales, marketing and professional staff enabled by our recently announced equity financing, will allow us to accelerate the pace of our commercialization efforts.”
“My 20 year career with the USDA and over 30 years consulting with the EPA has provided me with a unique perspective into the immense difficulties facing agriculture and I believe BAM-FX can be a very useful tool in dealing with many of these issues,” stated John Wayne Kennedy, Chief Science Officer and co-founder of ZGSI. Mr. Kennedy further stated, “I am gratified by the approval of this patent for a product designed to address the multiple challenges facing world agriculture and the need to feed the world’s growing population in the coming years.”
About Zero Gravity Solutions, Inc.
Zero Gravity Solutions, Inc. (www.zerogsi.com) is an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications on Earth. These technologies are focused on providing valuable solutions to challenges facing world agriculture. ZGSI’s two primary categories of technologies aimed at sustainable agriculture are: 1) BAM-FX™ technology, a cost effective, ionic micronutrient delivery system for plants currently being introduced commercially into world agriculture by Zero Gravity’s wholly owned subsidiary BAM Agricultural Solutions and 2) Directed Selection™, utilized in the development and production, in the prolonged zero/micro gravity environment of the International Space Station, of large volumes of non-GMO, novel, patentable stem cells with unique and beneficial characteristics.
This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, Zero Gravity Solutions undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.