ASX-listed Roots Sustainable Agricultural Technologies rises on U.S. sales deal

Roots Sustainable Agricultural Technologies

15/03/2022 03:37

** Shares of ASX-listed Roots Sustainable Agricultural
Technologies Ltd  ROO.AX  leap as much as 22.2% to A$0.0055
    ** Stock to mark best day since Jan. 13, if gains hold
    ** Israel-based agricultural tech co says it signed an
agreement with agricultural equipment supplier GroPro Hydro
 urn:newsml:reuters.com:*:nASX4p30Rb 
    ** Agreement for the marketing, sales, installation and
logistics for ROO's Root Zone Temperature Optimisation
technology in Oklahoma, United States 
    ** ROO says it has received commitment from GroPro to
establish a logistics hub for its U.S. operations
    ** GroPro will be the exclusive marketer, seller and
installer upon achieving certain milestones 
    ** ROO stock hits highest level since March 7 
    ** Stock has lost a quarter of its value this year, as of
last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))