Next Investors logo grey

Roots signs collaboration agreement with solar innovator ClearVue Technologies

|

Published 14-OCT-2019 12:24 P.M.

|

4 minute read

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) and ClearVue Technologies Ltd (ASX: CPV) will collaborate to explore complementary sales opportunities within the growing greenhouse sector.

Roots is developing and commercialising cutting-edge technologies to address critical agricultural issues, including plant climate management and the shortage of water for irrigation.

The collaboration agreement comes just a week after Roots signed a 12-month Letter of Intent (LOI) with leading Italian agtech producer and nursery Cairo & Doutcher to install a commercial demonstration utilising Roots’ patented RZTO technology.

Roots has also recently received an $87,000 signed order of its RZTO technology combined with its newly developed heat exchange stub from Israeli cannabis producer UNIVO to control soil temperatures in pots and grow bags.

It sees further sales opportunities coming to fruition with this latest agreement.

Roots' aims are complementary to ClearVue, which operates in the Building Integrated Photovoltaic (BPIV) sector and develops technology that integrates solar technology into building surfaces, specifically glass and building façades, to provide renewable energy.

This pair of ASX listed companies intend to build a world-first demonstration greenhouse in Israel utilising ClearVue’s energy generating PV solar glazing glass panels to explore powering Roots’ Root Zone Temperature Technology (RZTO) and Irrigation by Condensation (IBC) technologies.

Construction is set to begin shortly and expected to take 12 months.

Roots CEO, Sharon Devir said, “Roots’ RTZO technology significantly reduces energy requirements by maintaining optimal root temperatures for crops and plants, rather than heating or cooling the air. We see substantial opportunities for our greenhouse customers to utilise ClearVue’s solar products to power their RZTO and IBC systems off-grid.

“The collaboration will enable our customers to access a fully integrated, self-sustaining solution that improves crop yield and quality, lowers operational costs and improves profitability for growers.”

Collaboration benefits all

ClearVue’s advanced glass technology incorporates Solar PV cells around the edges of an Insulated Glass Unit (IGU) used in windows, whilst the lamination interlayer between the glass in the IGU incorporates ClearVue’s patented proprietary nano and micro particles, as well as its spectrally selective coating on the rear external surface of the IGU.

Its window technology has application for use in the building and construction industry, but is also vitally important within the agricultural industry.

The agreement will open up sales opportunities for both companies as they leverage each other’s technologies to offer a unique combined offering within the greenhouse market.

ClearVue’s PV clear glass solar glazing solution for greenhouses utilises multi-glazed IGU panels to stabilise the air environment as well as generate enough power to operate Roots’ RZTO technologies, providing an added advantage for Roots.

The greenhouse will be self-sustaining and is intended to be off-grid. It will be designed, developed and constructed at Roots’ Israel-based research hub and will be available to both parties for customer demonstrations and display purposes.

Roots will utilise the greenhouse year-round to conduct RZTO and IBC testing on various crops and plants.

Roots’ RTZO technology in field trials.

ClearVue Executive Chairman, Victor Rosenberg said, “We are extremely proud to be working with Roots who are leaders in providing sustainable agriculture solutions to producers globally. Roots are a natural fit with our solar PV energy efficient glazing solution, and we are looking forward to working with them on the greenhouse demonstration and providing further benefits to our agriculture clients.

“An added benefit for ClearVue is that this collaboration represents our first foray into Israel, which we would also seek to leverage as a way to generate interest in our core sales focus area of high-rise architecture.”

Roots and ClearVue have also agreed to work with each other where possible to deploy Roots’ RTZO Technology into all, or a part of, the CRC-P grant supported greenhouse that ClearVue is currently progressing at Murdoch University in Western Australia.

Murdoch has entered into a Memorandum of Understanding (MOU) with ClearVue Technologies to build the commercial-scale glasshouse, which will use ClearVue’s photovoltaic glass technology to generate renewable energy.

The MOU will see both parties work on the construction of ClearVue’s Cooperative Research Centres Project grant-funded glasshouse, which will be located close to other greenhouses within Murdoch University’s new agricultural precinct.



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.