Roto-Gro (ASX:RGI) files three international patent applications – The Market Herald

0
231



Market Herald logo

Subscribe

Be the first with the news that moves the market

  • Roto-Gro International’s (RGI) subsidiary files three international applications under the patent cooperation treaty
  • The patents involve inventions which RGI considers to be integral components of its rotational garden systems technology which provides optimised yields per sqm at reduced operating costs compared to other indoor vertical farming technologies
  • The company says these are important additions to RotoGro’s arsenal of intellectual property, protecting its inventions across the US, Canada, Australia, and Europe
  • Roto-Gro shares have ended the day down 3.23 per cent to close at 3 cents

Roto-Gro International’s (RGI) subsidiary has filed three international applications under the patent cooperation treaty.

Roto-Gro uses automated agricultural cultivation tech to offer sustainable and cost-effective solutions to the indoor vertical farming market. The company’s core technology, Rotational Garden Systems, provides optimised yields per square metre at a reduced operating cost compared to other indoor vertical farming technologies.

Under the treaty, the wholly-owned subsidiary, Roto-Gro Inc, claimed priority arising from the patent applications previously filed under the United States Patent and Trademark Office.

The patents involve inventions which the company considers to be integral components of its rotational garden systems technology. These include “Plant Tray, Feed Nozzle and Plant Tray Feed System”, “Automated Plant Tray Shuttle and System,” and “Rotating Garden Rails for Holding Plant Trays.”

The company said these are important additions to RotoGro’s arsenal of intellectual property, protecting its inventions across the United States, Canada, Australia, and Europe.

“As an agricultural technology company, RotoGro continues to design, redesign, and develop its technology in its state-of-the-art research and design facility,” Chief Executive Officer Michael Di Tommaso said.

“This vitally important segment of the company’s business continues to innovate and introduce disruptive and revolutionary technology which will solidify RotoGro’s position as the pioneer of rotational garden systems and an industry-leader in the Agtech space.”

Roto-Gro shares dropped 3.23 per cent, trading at 3 cents at market close.





LEAVE A REPLY

Please enter your comment!
Please enter your name here