Roots delivers world first renewables-powered condensation irrigation system
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Roots Sustainable Agricultural Technologies Limited (ASX:ROO) has unveiled the world’s first solar or wind-operated Irrigation by Condensation (IBC) system that works ‘off the grid’.
Roots’ IBC system is the first stand-alone Irrigation by Condensation (IBC) system powered by solar or wind energy capable of growing and sustaining entire growth cycles of food, independent of the electricity grid or a normal water supply.
It was specifically designed to enable small and medium scale farmers to grow food crops irrigated only from humidity in the air, even in remote semi-arid areas suffering water scarcity and quality issues with no access to grid electricity or irrigated water.
Today’s announcement follows the successful proof of concept conducted late last year with electric power, which demonstrated the technical and agronomical ability to sustain the full growth cycle of several crops.
The ‘Irrigation by condensation off-grid’ installation is designed initially for growing high protein crops including beans and alfalfa. It will be showcased at the Agri-Tech Israel 2018 International Exhibition and Conference — one of the world's leading agriculture exhibitions from 8-10 May.
Many delegates to the exhibition have expressed interest in viewing the IBC system as well as the company’s root zone heating and cooling technology, its Root Zone Temperature Optimization (RZTO) technology.
RZTO works to heat and cool the roots of crops such as vegetables, herbs and flowers and maintain relatively stable and favourable temperature range throughout the year, improving plant yields. In mid-April the company announced that it had has installed an advanced, hydroponic, nutrient temperature-controlled greenhouse based on its RTZO technology. This greenhouse will also be unveiled next week at Agri-Tech Israel 2018.
It should be noted, however, that this is an early stage tech company and success is no guarantee. Investors should seek professional financial advice before making an investment.
Boaz Wachtel, the inventor of the IBC technology and the co-founder of Roots said, “Roots’ successful installation of the world’s first solar or wind-powered IBC system demonstrates a viable decentralised solution for many of the 500 million smallholder farmers who currently struggle with water for crop production.
“Our patented IBC system has the ability to play a tangible role in benefiting many of the two billion people across the world who depend on these smallholder farms for their livelihoods, by providing a more sustainable living for farmers, families and the communities in which they operate. This is particularly important in areas where rainfall is scarce. The IBC system is also designated for use in advanced agricultural countries to irrigate plantations, covered crops in greenhouses and anywhere where water scarcity is the limiting production factor.”
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
