AppHarvest Announces Floor-Breaking for Fourth and Fifth Significant-Tech Indoor Farms

The company’s most recent huge-scale controlled ecosystem facilities, found in Somerset and Morehead, Ky., will

The company’s most recent huge-scale controlled ecosystem facilities, found in Somerset and Morehead, Ky., will mature strawberries and leafy greens, respectively

MOREHEAD, Ky., June 21, 2021 (World NEWSWIRE) — AppHarvest, Inc. (NASDAQ: APPH, APPHW), a leading AgTech business, general public gain company and Accredited B Corp focused on farming additional sustainably making use of up to 90% considerably less water than open up-subject agriculture and only recycled rainwater, now declared the start of design for two new substantial-tech indoor farms in Central Appalachia. The company’s new farms, positioned in Somerset and Morehead, Ky., will improve berries and leafy greens, respectively.

The significant-tech Somerset farm marks the company’s enlargement into increasing berry crops. The Somerset indoor farm will be 30 acres.

The superior-tech Morehead, Ky. farm is the 2nd AppHarvest farm in Rowan County to date. The new Morehead facility will make leafy greens and will be about 15 acres.

AppHarvest’s latest indoor farms in Morehead and Somerset are preceded by the company’s flagship 2.76-million-square-foot facility rising tomatoes in Morehead a 15-acre facility in Berea that will mature leafy greens and a 60-acre facility in Richmond that will increase vine crops.

“These new facilities place us particularly in which we want to be at the forefront of AgTech. With today’s dual announcement, we put ourselves ahead of our advancement schedule,” said AppHarvest Founder & CEO Jonathan Webb. “Our Somerset and Morehead farms will construct on the accomplishment of our flagship farm to offer bigger quality create making use of chopping-edge engineering at a substantial scale.”

AppHarvest’s target is to work 12 high-tech indoor farms by the end of 2025, and today’s announcement signifies 5 of those now have been place on the map. Construction for equally the Somerset and Morehead facility is expected to complete by the conclusion of 2022.

“AppHarvest has positioned Kentucky as a chief in the AgriTech field, established hundreds of very good-having to pay work opportunities for our folks and pushed by means of and thrived for the duration of some of our most difficult occasions,” stated Gov. Beshear. “Even as a pandemic raged, Jonathan Webb and his team constructed just one of the largest indoor farming functions anywhere using a person of the most advanced LED-lights techniques at any time established. We know the positions and investments of the upcoming will stream to people who can fulfill these difficulties, so why not us? AppHarvest is producing it take place.” AppHarvest’s latest facilities will provide hundreds of well-paying employment to Japanese Kentuckians in and around Somerset-Pulaski and Rowan Counties.

Both the Somerset-Pulaski and Rowan County amenities will develop non-GMO fruits and vegetables absolutely free of harsh chemical pesticides, to be dispersed to top U.S. grocers and dining places. Due to the fact of the company’s strategic location in Appalachia, AppHarvest can achieve practically 70% of the U.S. populace in a day’s drive, with up to 80% fewer diesel gasoline when compared to present growers in Mexico and the Southwestern U.S.

Supporting Estimates
Congressman Hal Rogers: “I am psyched to welcome AppHarvest to Pulaski County and the Lake Cumberland location. Our prosperous farming background and expert workforce would make southern Kentucky a key associate for this innovative AgTech business. As AppHarvest expands attempts to farm for our foreseeable future, they are also inspiring a new generation of ingenuity and stellar function ethic that will benefit our region for generations to occur.”

Somerset Mayor Alan Keck: “AppHarvest is breaking floor actually and imaginatively across Southern and Jap Kentucky, and the company’s record growth makes a stunning synergy with the record advancement we are observing in Somerset and Pulaski County. We share a eyesight for what this local community and this area of Kentucky can develop into, that it can develop and thrive with the proper nurturing and financial commitment. We are thrilled AppHarvest chose Somerset and Pulaski County to expand and are honored to companion with this visionary firm.”

Morehead Mayor Laura White-Brown: “This groundbreaking continues to spotlight the development of Eastern Kentucky and Appalachia. AppHarvest continues to pave the way for communities in this region by contributing to the workforce and economic growth and at the similar time helping to battle environment hunger.”

Pulaski County Choose Government Steve Kelley: “What an remarkable time this is to witness up-shut an industry disruption. Who would have imagined that Southern and Japanese Kentucky could be an sector chief in make provide? With AppHarvest’s vision and perseverance, we have that prospect. We welcome AppHarvest to our county with open up arms, and we can’t wait around to see its prosperity here. It is victories like these that make me proud of my county.”

About AppHarvest
AppHarvest is an utilized technology organization developing some of the world’s largest high-tech indoor farms in Appalachia that grow non-GMO, chemical pesticide-absolutely free make working with up to 90% fewer water than open up-discipline agriculture and only recycled rainwater although creating yields up to 30 instances that of classic agriculture on the exact same amount of land with zero agricultural runoff. The Business brings together typical agricultural procedures with reducing-edge engineering together with synthetic intelligence and robotics to improve obtain for all to nutritious meals, farming much more sustainably, setting up a domestic food stuff source, and rising expense in Appalachia. The Company’s 60-acre Morehead, Ky. facility is among the the biggest controlled ecosystem agriculture amenities in the U.S. For more info, check out https://www.appharvest.com/.

Ahead-Searching Statements
Selected statements incorporated in this push release that are not historical facts are ahead-looking statements for applications of the safe and sound harbor provisions underneath the United States Private Securities Litigation Reform Act of 1995. Ahead-hunting statements usually are accompanied by text these types of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and comparable expressions that predict or indicate future situations or trends or that are not statements of historic issues. All statements, other than statements of current or historical reality provided in this press launch, about Novus Capital’s proposed acquisition of AppHarvest, Novus Capital’s means to consummate the transaction, the gains of the transaction and the mixed company’s foreseeable future monetary performance, as properly as the mixed company’s development plans and approach, future operations, believed fiscal position, approximated revenues and losses, projected prices, prospective clients, strategies and targets of management are ahead-searching statements. These statements are centered on various assumptions, no matter if or not identified in this press launch, and on the present-day anticipations of AppHarvest’s management and are not predictions of precise performance. These forward-hunting statements are furnished for illustrative reasons only and are not meant to serve as, and ought to not be relied on as, a warranty, an assurance, a prediction, or a definitive assertion of truth or chance. True functions and situation are challenging or not possible to forecast and will vary from assumptions. Many real events and circumstances are outside of the manage of AppHarvest. These ahead-searching statements are subject to a variety of challenges and uncertainties, which includes people mentioned in Novus Capital’s registration statement on Sort S-4, filed with the SEC on Oct 9, 2020 (the “Registration Statement”), under the heading “Risk Elements,” and other files Novus Capital has filed, or will file, with the SEC. If any of these challenges materialize or our assumptions prove incorrect, true benefits could vary materially from the final results implied by these ahead-looking statements. In addition, forward-seeking statements reflect AppHarvest’s expectations, strategies, or forecasts of potential occasions and sights as of the date of this push release. AppHarvest anticipates that subsequent occasions and developments will bring about its assessments to modify. Nevertheless, though AppHarvest could elect to update these ahead-seeking statements at some place in the foreseeable future, AppHarvest especially disclaims any obligation to do so. These forward-on the lookout statements need to not be relied on as representing AppHarvest’s assessments of any date subsequent to the day of this push release. Appropriately, undue reliance should not be put on the ahead-searching statements.

Vital Data for Buyers and Stockholders
In relationship with the proposed transaction, Novus Capital has submitted the Registration Statement with the SEC, which includes a preliminary proxy statement to be distributed to holders of Novus Capital’s common inventory in connection with Novus Capital’s solicitation of proxies for the vote by Novus Capital’s stockholders with regard to the proposed transaction and other matters as explained in the Registration Assertion, as nicely as the prospectus relating to the offer you of securities to be issued to AppHarvest’s stockholders in link with the proposed transaction. Immediately after the Registration Assertion has been declared powerful, Novus Funds will mail a definitive proxy statement, when offered, to its stockholders. Investors and safety holders and other interested parties are urged to study the proxy assertion/prospectus, any amendments thereto and any other documents filed with the SEC diligently and in their entirety when they develop into obtainable due to the fact they will incorporate important info about Novus Capital, AppHarvest and the proposed transaction. Traders and protection holders might acquire free copies of the preliminary proxy statement/prospectus and definitive proxy assertion/prospectus (when out there) and other documents submitted with the SEC by Novus Capital by the web page maintained by the SEC at http://www.sec.gov, or by directing a ask for to: Novus Money Corporation, 8556 Oakmont Lane, Indianapolis, IN 46260. The data contained on, or that may well be accessed by way of, the internet websites referenced in this push release is not included by reference into, and is not a portion of, this push launch.

Individuals in the Solicitation
Novus Funds and its directors and officers may well be deemed participants in the solicitation of proxies of Novus Capital’s shareholders in connection with the proposed small business blend. Stability holders may possibly get hold of extra specific information and facts concerning the names, affiliations and interests of selected of Novus Capital’s executive officers and directors in the solicitation by studying the Registration Statement and other relevant materials submitted with the SEC in connection with the business mix when they become readily available. Data relating to the passions of Novus Capital’s members in the solicitation, which may possibly, in some cases, be various than those people of their stockholders frequently, is set forth in the Registration Assertion.

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