AeroFarms Selected as a Red Herring Top 100 North America Tech Startup

ITHACA, NY, – June 28, 2010 – Aero Farm Systems LLC (www.aerofarms.com) announced today that it has been won Red Herring’s North America 100 award, in recognition of the leading private companies from North America, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe AeroFarms embodies the vision, drive and innovation that define a successful entrepreneurial venture. AeroFarms should be proud of its accomplishment, as the competition was very strong.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

“AeroFarms appreciates the recognition from Red Herring and the attention that aeroponic farming has been receiving in the media,” said Ed Harwood, AeroFarms founder and CEO. “We believe that we’re solving some of the biggest problems facing the world – the lack of arable land and water, and concern over food safety and security.”

About AeroFarms

AeroFarms provides aeroponic growing systems that grow produce without soil and without sun, all year round and in any location. AeroFarms modular, vertically stackable systems are designed for locating in old or vacant urban buildings, enabling local production of pesticide-free, fresh, clean greens. AeroFarms systems transform food production into a more sustainable, efficient, and safe process by enabling profitable, commercial-scale vertical farming in urban centers. Founded in 2004, AeroFarms is based in Ithaca, NY. More information can be found at www.aerofarms.com.