Roots Sustainable Agricultural Technologies (ASX:ROO) - Executive Chairman & CEO, Boaz Wachtel
Executive Chairman & CEO, Boaz Wachtel
Source: Globes – Israel
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  • Roots Sustainable Agricultural Technologies (ROO) has signed a letter of intent (LOI) with Hempoint to begin selling plant-based meat in Europe
  • The companies will review academic intellectual property, technical development, and sourcing protein from hemp for plant-based meat products
  • They will then review the current technologies with aims to increase protein content and will then choose a specific technology that best fits
  • Hemp seeds have a very low fat content, they contain no cholesterol or saturated fat, and they carry all the required amino acids needed for muscle repair and to boost brain function
  • Hempoint has also shown an interest in Roots’ Root Zone Temperature Optimisation (RZTO) technology on hemp cultivation
  • This technology stabilises the plant’s root temperature through a closed-loop pipe system which leads to increased growth and productivity
  • Roots has ended the day 8.33 per cent in the red with shares trading at 2.2 cents

Roots Sustainable Agricultural Technologies (ROO) has signed a letter of intent (LOI) with Hempoint to begin selling plant-based meat in Europe.

Based in the Czech Republic, Hempoint is a leading organic hemp grower and manufacturer that supplies to customers in France, Italy and Poland.

It is part of the CzecHemp cluster which is a non-profit, non-government group of public and private companies that actively develop the Czech hemp and medicinal cannabis industry.

Under the partnership, Roots and Hempoint will review academic intellectual property, technical development, and sourcing of protein from hemp for plant-based meat products.

Both companies will review the current technologies with aims to increase protein content then will choose a specific technology that best fits.

Hemp seeds have a very low fat content, they contain no cholesterol or saturated fat, and they carry all the required amino acids needed for muscle repair, to boost brain function, and regulate the nervous system.

The alternative meat market is a very large and growing industry which is expected to grow over US$240 billion (around A$317.2 billion) over the next 20 years.

“There has been very strong interest in Roots’ plant-based meat department and this LOI with Hempoint represents the first agreement the company has inked off following several inbound inquiries for plant-based meat,” Executive Chairman and CEO Boaz Wachtel said.

“We are very confident this LOI will unlock opportunities in this rapidly growing sector and provide a Roots with a springboard into Europe’s large plant-based meats market,” he added.

Hempoint has also shown an interest in Roots’ Root Zone Temperature Optimisation (RZTO) technology on hemp cultivation.

The company’s RZTO technology optimises plant physiology for increased growth, productivity and quality by stabilising the plant’s root temperature.

A closed-loop system of pipes is installed with the lower part installed where the soil temperature is stable and not affected by the weather, while the upper part is installed in the crop’s root zone just below the surface.

Water flowing through the lower pipes is charged by the soil’s stable temperature and the water (either hot or cold) id pumped through the upper pipes and then released.

Water can be heated during winter and cooled during summer by up to 10 degrees celsius either way.

“We are confident that the technology [RZTO] will have a positive effect on the plant as per previous proof of concept tests. With a shortage of other plant-based meat crops like peas and beans, demand for hemp will surely increase,” Boaz concluded.

Roots has ended the day 8.33 per cent in the red with shares trading at 2.2 cents in a $12.84 million market cap.

ROO by the numbers
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