Vancouver, BC, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Pinnacle Food Group Limited (“PFAI” or “the Company”), a seller of smart hydroponic growing systems and technical support services to individual households, community groups, and urban farms, today announced that on August 8, 2025, it sponsored the Smart Farming: Standards-Driven Quality and Safety Forum at Terminal City Club in Vancouver, BC. Attended by more than 50 professionals in the Canadian smart framing sector, as well as by Canadian government repres ...

Company Overview - Pinnacle Food Group Limited (NASDAQ: PFAI) is a leading innovator in the smart farming industry, focusing on selling smart hydroponic growing systems and technical support services to households, community groups, and urban farms [1][4]. - The company is incorporated in the Cayman Islands and offers tailored hardware solutions along with data-driven support to optimize smart farming productivity [4]. Leadership Appointment - Dunruo Andrew Zhu has been appointed as President of Asia Pacific, effective immediately, bringing over 30 years of experience in commercial real estate [1][2]. - Mr. Zhu previously served as Senior Managing Director of CBRE China and co-founded E-Commercial China, showcasing his expertise in navigating complex markets and building strategic partnerships [2]. Strategic Focus - Mr. Zhu will report directly to CEO Jiulong You and will oversee regional business operations with a focus on accelerating growth, expanding market share, and delivering exceptional value to customers and stakeholders [3]. - The leadership believes Mr. Zhu's industry knowledge and experience make him an ideal choice to lead the company's operations in the Asia Pacific region [3].

Core Insights - Pinnacle Food Group Limited reported a revenue of $3,289,862 for the year ended December 31, 2024, representing a 57% increase from $2,100,819 in 2023 [1] - The company experienced a net profit decrease to $286,142, or $0.03 per share, in 2024, down from $917,687, or $0.11 per share, in 2023 [1][3] Revenue Growth - The increase in revenue for 2024 was driven by higher sales of smart farming systems, with over 3,000 units sold compared to 2,600 in 2023 [2] Profitability and Costs - The decline in net profit was attributed to a rise in cost of revenue by $915,998, leading to a gross profit margin decrease to 47% from 61% in 2023 [3] - Total operating costs and expenses surged by $707,085, or 303%, as the company prepared for its IPO [3] IPO and Future Outlook - Pinnacle successfully closed its IPO on April 23, 2025, raising gross proceeds of $7.2 million [4] - The CEO expressed optimism about future revenue growth, anticipating a shift towards larger smart farming systems for community groups and urban farms, and plans to expand into the APAC region [5]

Market Overview - The Asia-Pacific smart farming market is projected to grow from $4.83 billion in 2024 to $29.87 billion by 2034, with a compound annual growth rate (CAGR) of 19.98% during the forecast period [1][11]. Market Drivers - The expansion of the APAC smart farming market is driven by the increasing need for sustainable agricultural practices, effective resource management, and the integration of advanced technologies such as IoT, AI, and robotics [2][3]. - Government programs and subsidies promoting the digitization of agriculture are significantly aiding market growth [4]. Market Applications - Smart farming applications in the region include crop monitoring, livestock management, irrigation automation, and farm management software, which utilize real-time data from sensors, drones, and satellite imagery to enhance decision-making [5]. Market Segmentation - The market is segmented by application, product type, and country, with key applications including precision farming, livestock monitoring, and aquaculture [10]. Key Players - Prominent companies in the Asia-Pacific smart farming market include KUBOTA Corporation and Eruvaka Technologies Pvt. Ltd [15][19]. Future Trends - The report highlights trends such as the impact of 5G technology and the use of LoRa Wide Area Network (LoRaWAN) in smart farming [16].