Agrify (US:AGFY) Newsfilter·2024-02-06 12:30Core Insights - Agrify Corporation has successfully installed a PX-30 Hydrocarbon Extraction System at a customer's facility in Michigan, marking a significant advancement in hydrocarbon extraction technology for the cannabis industry [1][4] Company Overview - Agrify is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology to enhance market offerings [5] - The company offers a comprehensive extraction product line, including hydrocarbon, ethanol, and solventless extraction systems, aimed at maximizing the quality and quantity of cannabis extracts [5] Product Features - The PX-30 Hydrocarbon Extraction System is designed for high extraction efficiency, capable of producing over 240 lbs. of high-quality extracts per 8-hour shift [3] - The system features an operational design that prioritizes user experience, with ultra-low temperature operation and fast recovery times, ensuring ease of use for operators [3] - Safety and compliance are key aspects of the PX-30, which is built to meet 3A sanitary and cGMP standards [3] Customer Engagement - Lume Cannabis, the customer utilizing the PX-30 system, previously operated with Agrify's XMU Hydrocarbon Extraction System and upgraded to the PX-30 to meet growing demand for premium extracts [2] - The Lab Manager at Lume Cannabis expressed satisfaction with the installation process and the support provided by Agrify's Precision Extraction Solutions team [2]