Roots extends sales relationship with Israeli cannabis company
Israeli-based, Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) continues to roll out its Root Zone Temperature Optimization Technology (RZTO) Technology.
Roots, which is developing and commercialising disruptive, modular, cutting-edge technologies to address critical agricultural problems, including plant climate management and the shortage of water for irrigation, today announced it has received a further A$30,000 signed order for its RZTO technology.
Israeli medical cannabis producer, Barlev Group has been using RZTO technology to control soil temperatures in pots and grow bags and elevated beds. This follow on sale is due to the beneficial effect on cannabis of ROOTS’ RZTO technology at Barlev’s farm.
The sale continues the successful collaboration between the pair in the medicinal cannabis sector. More orders are expected in line with a planned expansion at the grower’s growing facilities.
Under the agreement, Roots will install its unique RZTO technology in a 15,000sqm installation due to be completed this month.
Barlev’s success is due in part to RZTO’s ability to mitigate unique challenges faced by growers, derived from the multiple stages of growth and the special conditions required. Roots’ RZTO technology provides a stable temperature range year-round and assuring a supply stability.
“Commercial sales of our RZTO technology is the ultimate validation that our technology delivers clear measurable commercial benefits for crop growers, said Roots’ CEO Boaz Wachtel.
“The grower is highly respected in the medicinal cannabis sector and this sale gives us increased visibility in the Israeli cannabis sector and in the broader agribusiness market here and in other international markets. The sales pipeline for the RZTO technology continues to build most favourably and we look forward to reporting on more of these successes.”
About Root Zone Temperature Optimization (RZTO)
Root Zone Temperature Optimization (RZTO) optimises plant physiology for increased growth, productivity and quality by stabilising the plant’s root zone temperature. Using either sophisticated heat pumps and/or Ground Source Heat Exchange (GSHE) coils the Technology stabilises root zone temperature year round, by either heating or cooling the roots as needed. Heated (or cooled) water is pumped in a closed cycle through the pipes installed in the root zone, where the heat (or cold) is discharged.
This significantly increases yields and provides flexibility of growing cycle planting options, improves quality, mitigates extreme heat and cold stress on plants, reduces disease load, all these benefits achieved with a fraction of energy compared with air climate control currently available in the market.
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.