Agrify Corporation announced the signing of a term sheet with PDS Ventures, LLC, to provide PDS Ventures with Agrify?s multi-year end-to-end managed extraction services (?Managed Services?). Agrify?s Managed Services is a first-of-its-kind program where Agrify leases turnkey extraction and post-processing lab equipment to qualified operators and provides a full-time customer success specialist to guide and manage extraction-related operations for the customer. The customer success specialist will be on-site at the customer?s facility to provide hands-on support, training, and guidance on how to adhere to standard operating procedures of a full suite of extraction equipment.

Managed Services allows Agrify to significantly increase the average lifetime value of customers. Instead of just selling the hardware, this new innovative partnership allows Agrify to invest alongside qualified operators and enjoy multi-year high margin revenue. Operators also benefit from Agrify?s professional design, support, installation, and ongoing training and SOP enforcement to ensure maximum yield and results.

The multi-year Managed Service contract allows Agrify to collect a monthly production success fee based on the actual amount of finished product produced and a monthly management fee during the duration of the contract term. Agrify could potentially earn up to $2 million throughout the lifetime of this multi-year managed service contract with PDS Ventures. PDS Ventures has signed a 3-year contract with Agrify and together, Agrify and PDS have elected to deploy Agrify?s PX10 Hydrocarbon Extraction System, Hydrocarbon Distillation Unit (HDU), and Diamond Miner from Precision Extraction.

The post-processing capabilities have been enhanced by the selection of a HIVE15 Thin Film Distillation System from Lab Society, and to scale solventless processing, the Axis Trichome Separator turn-key package which includes a Pikes Peak Rosin Press.