- Roots Sustainable Agricultural Technologies (ROO) signs an exclusive binding dealership agreement with TK Solutions for its RZTO technology
- Under the agreement, the UK agricultural project and technology provider will provide the sales, marketing’ logistics and installation of Roots’ RZTO technology
- The RZTO technology optimises plant physiology for increased growth, productivity and quality by stabilising the plant’s root temperature
- Initially, an exclusive 12-month period has been agreed for large agricultural markets in the United Kingdom, Austria and Ireland with the option to extend
- Roots is up 16.7 per cent on the market with shares trading at 0.7 cents
Roots Sustainable Agricultural Technologies (ROO) has signed an exclusive binding dealership agreement with TK Solutions for its RZTO technology.
Under the agreement, the UK agricultural project and technology provider will provide the sales and marketing of Roots’ Root Zone Temperature Optimisation (RZTO) technology.
Further, TK Solutions will also deliver the required logistics and installation of the system components including storage, assembling, packaging and shipment.
Initially, an exclusive 12-month period has been agreed for large agricultural markets in the United Kingdom, Austria and Ireland.
After the initial 12 months, an evaluation will be made by both companies to extend. This evaluation will consider whether TK Solution’s US$60,000 (A$80,246) sales target has been reached.
The RZTO technology optimises plant physiology for increased growth, productivity and quality by stabilising the plant’s root temperature.
It heats and cools the roots as needed, depending on input from the temperature sensor placed within the root zone.
The system is able to maintain an optimum range of temperatures, usually between 16 to 28 degrees celsius, regardless of the air temperature.
“Our continued international expansion efforts provides us with significant opportunity to increase the interest and uptake of our technologies in new international markets,” Chairman and CEO Boaz Wachtel commented.
“The agreement with TK Solutions further expands our network and we now have a foothold into the large agricultural markets of the UK, Ireland and Austria.”
“We anticipate the agreement will lead to an even greater level of interest in our sustainable agricultural solutions. We are continuing to host discussions with a number of potential collaborators, and we remain in a great position to leverage the superior technology of our solutions in order to expedite sales.”
Roots was up 16.7 per cent on the market with shares trading at 0.7 cents at 3:41 pm AEST.