Roots Sustainable Agricultural Technologies News
13 articles
growth-positive
ClearVue announces Roots acquisition
ClearVue Technologies Limited has entered into a binding Asset Acquisition Agreement to acquire the intellectual property and assets of Roots Sustainable Agricultural Technologies. This acquisition, approved by the Israel District Court in Lod, includes technologies that enhance plant growth and water usage, which complement ClearVues solar greenhouse solutions. The acquisition aims to create integrated ag-tech offerings, advancing sustainable agriculture solutions. Key members of the Roots team will join ClearVue, contributing to the development and promotion of these technologies. This strategic move is expected to expand ClearVues market presence and product offerings in the ag-tech sector.
Acquisition
growth-negative
חברת הטכנולוגיה החקלאית שבניהולו של מייסד עלה ירוק קיבלה צו עיכוב הליכים
Roots Sustainable Agricultural Technologies, an agricultural technology company managed by the founder of the Green Leaf Party, has received a stay of proceedings order from the court after allegedly suffering losses estimated at tens of millions of dollars. The company has developed innovative systems that help farmers cope with climatic difficulties. The Central District Court issued a stay of proceedings order for the company, responding to the companys request. The company had submitted an urgent request to the court last week for a stay of proceedings in order to convene meetings and approve a creditors arrangement, after accumulating debts and losses.
Management ChangesLayoffs
ROOTS gains key design patent in US, as continues to grow position in target markets - Stockhead
Roots Sustainable Agricultural Technologies launches next-generation agricultural solutions featuring heat-exchange probe
growth-positive
Roots Secures RZTO Israeli Contract With New Patent-Protected Heat Exchange Stub Technology
The article discusses the range of retail stocks offered by the Australian Securities Exchange (ASX) for investors to consider. It highlights the potential bargains and pitfalls in investing in ASX retail stocks. The impact on the company is growth-positive as it provides opportunities for investors. The key theme of the article is evaluating retail stocks on the ASX. The key issue discussed is investment, as investors are encouraged to consider investing in ASX retail stocks. The date of the event described in the article is not provided. The confidence level is 7.
Investment
Roots Sustainable Agricultural Technologies gains $278,000 from second Chinese sale
Roots Sustainable Agricultural Technologies makes first temperature systems sale to cannabis sector
growth-positive
Israeli basil farmers who use Roots technology will get a 30pc subsidy - Stockhead
The Israeli Government has approved a 30% subsidy for basil farmers who use Roots Sustainable Agricultural Technologies Root Zone Temperature Optimisation (RZTO) technology. The RZTO technology heats or cools the roots of crops as needed, resulting in increased yield and energy savings. The subsidy will help farmers mitigate against adverse weather conditions and extend their growth periods. Roots is also considering introducing the technology for other use cases in different jurisdictions. The subsidy is part of the Precision Ag Program, a collaboration between the Israel Ministry of Agriculture and the Ministry of Finance.
Partners
growth-positive
Roots to dispatch first root zone shipment to China
Roots Sustainable Agricultural Technologies has made its first product shipment to China as part of a conditional exclusive distribution agreement with Dagan Agricultural Automation. The agreement allows Dagan to exclusively sell Roots root zone temperature optimization (RZTO) technology and associated products in China for three years. The shipment includes Green Root Zone pipes, which will serve as the foundation for a global color standard for root zone heating and cooling pipes. The RZTO technology has the potential to increase crop yields by up to 80% and reduce energy consumption by up to 60%. Roots is also planning to install demo installations in Australia and is in discussions for additional deals in Israel and the USA.
PartnersCustomers
growth-positive
Roots signs $19m Chinese agritech deal
Roots Sustainable Agricultural Technologies has signed a distribution contract with Israeli agricultural integrator company Dagan in China. The contract is expected to amount to $19 million over five years. Roots develops and markets a system for heating and cooling crop roots, which consumes very little energy. The agreement grants Dagan exclusive rights to sell Roots technology in China for three years, with the possibility of a two-year extension. The sales targets for the agreement are $3 million in the first three years, $6 million in the fourth year, and $10 million a year in the fifth year. The Chinese market currently grows 53% of all the vegetables in the world. Roots share price jumped 7.3% in response to the news.
PartnersCustomers
growth-positive
Roots executes inaugural commercial sale for A$323k
Roots Sustainable Agricultural Technologies has signed its first commercial sale with Dagan Agricultural Automation, a leading global agtech integrator. The transaction will initiate cooperation for additional projects in the China vegetable production market. Dagan has purchased Roots root zone heating and cooling systems for A$323,000. The project installation will begin in early March, allowing Dagan to have exclusive use of Roots patented Root Zone Temperature Optimization (RTZO) technology. This sale is a significant milestone for Roots as it establishes a presence in China, the worlds largest agricultural market.
Partners
growth-positive
Agtech co Roots raises A$5m in Australian IPO
Israeli agro-tech company Roots Sustainable Agricultural Technologies raised A$5 million in its IPO in Australia. The company has developed an energy-saving system for heating and cooling crop roots. The successful financing round puts the company in a strong position for continuing development and commercialization of its technologies. Roots is also working on another technology for irrigation using only condensation. The company is listed for trading in Australia, which is essential for its continued growth in multiple markets around the world. Roots is one of several Israeli companies listed in Australia.
InvestmentPublic Trading
growth-positive
Israeli agtech co Roots set for Australian IPO
Roots Sustainable Agricultural Technologies, an Israeli agro-tech company, is seeking to raise $14 million at a company value of $35 million. The company has developed an environmentally friendly system for heating and cooling crop roots using minimal energy. They are also working on an irrigation-by-condensation technology. Roots has raised NIS 8.6 million to date and plans to use the funds for R&D, production, marketing, sales, and self-development. The company aims to join the growing number of Israeli companies listed on the Australian Securities Exchange. The offering is scheduled for November.
InvestmentExpand
