PHILADELPHIA--(BUSINESS WIRE)--AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce freshness solutions, today announced that it had joined Terra as a corporate member. Terra is a unique program with the goal of bringing together the food and agriculture industry’s most disruptive startups and progressive corporations to work hand-in-hand to fuel cross-industry innovation and transformation.
Jordi Ferre, Chief Executive Officer of AgroFresh, said, “I am delighted AgroFresh will be participating in this exciting new accelerator for the agriculture industry. Terra provides us with an opportunity to collaborate with disruptive agricultural startups on real-life product testing and go-to-market solutions, which we believe will enhance our development of new technologies in our existing and adjacent markets.”
Terra is the creation of Rabobank’s Food & Agribusiness Research and Advisory (FAR) group and RocketSpace. Terra was designed to address a powerful industry shift – the emerging growth of food & agriculture startups – while simultaneously leaving behind the traditional accelerator model and enabling open innovation between corporations and startups.
Terra provides early-stage companies access to state-of-the-art facilities and office space, experienced startup management, and scientific and technical expertise and support. Its unique model also connects startups with corporate partners in a dedicated product validation program. AgroFresh joins other leading companies from the global food and agricultural sector in the inaugural cohort of corporate partners.
Ferre continued, “Membership in Terra provides AgroFresh with another prospective growth avenue through active involvement in the selection of startups, product validation and evaluation of new investment opportunities. With applications from over 500 start-ups, we believe Terra is already off to a terrific start.”
AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global horticultural produce industry leader, providing a portfolio of innovative products and specialty services to maintain the freshness, quality and value of fresh produce and flowers. Its core products include SmartFresh™, the proven post-harvest freshness protection technology for produce; Harvista™, the advanced pre-harvest technology for apples and pears; RipeLock™, the innovative post-harvest quality system for bananas; and LandSpring™, an innovative pre-planting transplant shock reduction application for tomatoes and peppers. AgroFresh currently operates commercially in more than 40 countries and employs more than 170 people worldwide. For more information, visit www.AgroFresh.com.
In addition to historical information, this release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions (or the negative versions of such words or expressions). Forward-looking statements include, without limitation, information concerning the anticipated advantages of the Company’s Terra membership, the Company’s possible or assumed future results of operations, including all statements regarding anticipated future growth, adoption of the Company’s products, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s management’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition; the ability of the business to grow and manage growth profitably; changes in applicable laws or regulations, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company’s filings with the SEC, which are available at the SEC’s website at www.sec.gov.