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RotoGro International (ASX:RGI) lines up Canadian university partnership

Agriculture
ASX:RGI
22 December 2020 14:30 (AEST)

Source: Roto-Gro

RotoGro International (RGI) is in talks with three Canadian universities to conduct peer review studies on its agricultural cultivation technologies.

The studies are hoped to provide academic verification on RotoGro’s new systems and internal data collected over the past 18 months.

RGI’s testing focused on its three technologies, which include Rotational Garden System, the ‘Model 710’, aptly-named supporting, automated technology, the ‘Automated Technology’ and its monitoring system iGrow Software.

RotoGro’s Model 710 was found to produce approximately 88.32 kilograms of leafy greens throughout a 21-day cultivation cycle, a significant production matrix according to the company.

The cultivation process is also entirely automated, reducing human intervention, potential exposure to pests or pathogens and labour costs.

Results yielded from the studies also found RotoGro’s plant nutrient management systems can recycle up to 95 per cent of water used in the fertilisation process.

The small cap has indicated it is currently assessing the curricula and research laboratory facilities of three respected Canadian universities.

The company has indicated successful third-party academic verification of its data and research findings will solidify its position as a player in the agritech market.

Investors can expect to be updated once the partnership has been formalised.

RGI shares are down 1.75 per cent and trading at 5.6 cents each at 10:42 AEDT.

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