Falcon Technologies, Inc. announced that it has filed a trademark application with the United States Patent and Trademark Office for a new subsidiary, XtractionOne Plus. The trademark has been filed as a result of Falcon's ongoing efforts to work with professionals to launch an efficient and quality based system for extraction of base material from Hemp Biomass.

The company has hired Alan Lien as subsidiary President and Chief Operating Officer of XtractionOne Plus. Alan has over ten years of experience in the Hemp and Cannabis industries, along with a strong background in the manufacturing processes. The company expects to open two facilities in the first quarter. The initial facility locations are expected to be in Colorado and Oregon. Alan Lien founded Solis Tek served as the Company's Chairman and CEO through November 2019. Since co-founding the company, Mr. Lien has been responsible for leading the manufacturing, development, and sourcing of Solis Tek products, in addition to the Company's sales and operational strategies.