Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Roots Sustainable Agricultural Technologies executes third sale and greenhouse installation with Dagan Agricultural Automation

Proactive Investors Friday, 15 March 2019
Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) has executed a third sale and installation agreement with Israel based Dagan Agricultural Automation for a state-of-the-art greenhouse project. The $64,400 sale follows the $278,000 purchase order in January and the completion of Dagan’s first $323,000 project with Roots in China last year. The installation will involve Roots’ proprietary Root Zone Temperature Optimisation (RZTO) technology in two-thirds of a one-hectare greenhouse in the Guiyang district of Guizhou, China with 70% of the sale payable upon shipment of the equipment. The remaining payment will be received upon project completion in quarter two 2019. READ: Roots Sustainable Agricultural Technologies gains $278,000 from second Chinese sale Roots co-founder & CEO Sharon Devir said: “Roots continues to build momentum in the world’s largest agricultural market, securing our second RZTO installation order from Dagan this quarter. “It highlights the strength of our partnership with one of the world’s largest ag-tech integrators, as well as the significant opportunity for our hearting and cooling technology in a market that produces more than 50 percent of global vegetable production.” The remaining third of the greenhouse will be used a control measure, allowing the farmer to directly compare RZTO crop yield, quality and performance to un-treated control group crops. Under the agreement, Roots will receive 70% of the sale payment upon shipment of equipment with the remainder payable upon installation completion in May 2019. Installation will lead to “further sales activity” Devir added: “This state-of-the-art pilot will further support Roots’ China operations, enabling us to demonstrate the benefits of our root zone technology in a sizeable greenhouse alongside control crops. “A successful pilot is expected to lead to a larger installation phase for this particular project and further sales activity in the future.” The installation forms part of Dagan’s distribution agreement with Roots, with exclusivity conditional on US$19 million in sales over a five-year period.

You Might Like

Recent related videos from verified sources

Don't Miss the Nation's Largest Bike Sale [Video]Don't Miss the Nation's Largest Bike Sale

Warmer weather in Wisconsin means it's time to hit the roads and hit the trails on your bike! If you're in the market for a new two-wheeled ride, we have the event for you! Joining us to discuss the..

Credit: TODAY’S TMJ4     Duration: 05:42Published

March For Our Lives Art Installation Calls Out Congress' Inaction on Gun Violence [Video]March For Our Lives Art Installation Calls Out Congress' Inaction on Gun Violence

This new art installation is calling out Congress on its inaction to prevent gun violence. 735 people die in the U.S. from gun violence each week, according to the CDC. March for Our Lives visualized..

Credit: NowThis News     Duration: 03:41Published

Pitcher Chris Sale Signs Contract Extension With the Red Sox [Video]Pitcher Chris Sale Signs Contract Extension With the Red Sox

Pitcher Chris Sale Signs Contract Extension With the Red Sox According to 'ESPN,' the seven-time All-Star is sticking around Boston for another five years. The extension is said to be worth around $150..

Credit: Wibbitz Studio     Duration: 01:00Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.