EverBlu Capital was pleased to provide investors the opportunity to participate in the Roots Sustainable Agricultural Technologies Ltd (“Roots” or “the Company”) Initial Public Offering to raise $5 million through the issue of 25 million shares at $0.20 per share.

Company Overview:

• Roots, which is based out of Israel, addresses the global food demand/supply imbalance and water shortages.
• Commercialised the only two-in-one, low energy, root zone heating and cooling system, generating greater crop quality and yield and reduction in energy consumption.
• Software for real-time monitoring and controlling of the root zone system.
• Irrigation by Condensation and Smart Pipe fertigation technologies in R&D.
• Graduate of the Israeli Office of the Chief Scientist technological incubator program.
• 17 active pilot and commercialised plants globally with expansion into new regions and commercialisation of pilot plants occurring post IPO.
• International operations across Europe and Middle east, post IPO expansion plan into Asia, Australia and USA.
• Technology is patent protected across 15 countries.

The Offer closed early and was well oversubscribed. EverBlu anticipates that the company will begin quotation on the ASX by the middle of November.