Israeli AgTech play makes IPO debut
Modern agriculture faces a litany of challenges. Among these are severe weather conditions, a global food supply/demand imbalance, water shortages, high energy prices, and ecosystem degradation, to name just a handful.
One Israeli micro-cap operating in the thriving ag-tech space could have a unique solution that’s both cost-effective and environmentally sustainable.
Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) is focused on developing, producing and commercialising disruptive precision technologies that address these kinds of problems.
Roots is currently conducting an IPO to raise $5 million through the issue of 25 million shares at $0.20 each. The offer closes on 17 October 2017 and is expected to list on 2 November 2017. This offer is currently live on Raisebook.com. (Raisebook is a related entity of Finfeed.com’s parent company S3 Consortium Pty Ltd as defined in Section 9 of the Corporations Act 2001).
It’s important to bear in mind that investing in an IPO is highly speculative, so those considering an investment should seek independent professional financial advice.
At the centre of Roots’ business is its IP-protected technology: the only two-in-one, low energy, root zone heating and cooling system.
This technology, which is called Root Zone Temperature Optimisation (RZTO). It has significantly increased crop yields upwards of 50 per cent and simultaneously reduced energy consumption of up to 80 per cent.
The abridged version of how this works:
Roots’ technology has been implemented in a range of pilot and commercialised plants around the world.
Initial R&D has already been completed for RZTO, and it’s now well into its commercialisation phase.
On top of this, the company is also currently researching irrigation by condensation and smart pipe fertigation technologies.
Roots has international commercial operations across Israel, Australia and Spain, with a post-IPO expansion plan into Asia and the US.
Prior to the IPO, $3.5 million had been invested into the business.
Backing the company is also a solid foundation of industry expertise. Roots is a graduate of the Israeli Chief Scientist’s technological incubator program, and its board and management have significant ASX, agricultural and buyout/trade-sale experience.
Capital raised from the IPO will be used to fund commercialisation of current pilot plants, geographic expansion, sales and marketing, and R&D.
Those interested in learning more about the IPO can visit Raisebook.com.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.