Mr. Andrew Jacklin reports

AGI DEFEATS FARMERS EDGE CHALLENGES TO PATENTS

Ag Growth International Inc.'s subsidiary, AGI SureTrack LLC, was successful in defeating challenges brought by Farmers Edge Inc. and Farmers Edge (U.S.) Inc. to AGI SureTrack patents relating to the Farmobile PUC device. The Farmobile PUC device enables real-time automation and standardization of critical field data collected by farm machinery.

On May 11, 2023, the Patent and Trial Appeal Board (PTAB) rejected all Farmers Edge's petitions for inter partes review (IPR) of the AGI SureTrack patents. The PTAB declined to institute IPR proceedings on its five pending petitions, ruling that Farmers Edge was unlikely to prevail on any of the patent claims challenged in the petitions. A win at this stage of the proceedings is uncommon for patent owners, as well over half of IPR petitions are granted and proceed to trial.

About Ag Growth International Inc.

Ag Growth is a provider of the equipment and solutions required to support the efficient storage, transport and processing of food globally. Ag Growth has manufacturing facilities in Canada, the United States, Brazil, India, France and Italy and distributes its product worldwide.