ClearVue Technologies acquires ROOTS' IP and assets

ClearVue Technologies (ASX:CPV) has announced the acquisition of intellectual property and assets from ROOTS Sustainable Agricultural Technologies. The move aims to enhance ClearVue's solar greenhouse solutions by incorporating ROOTS' Root Zone Temperature Optimization and Irrigation by Condensation technologies. The acquisition was conducted through ClearVue's subsidiary for approximately AUD 170,000.

ClearVue's strategic move and future outlook

ClearVue Technologies' acquisition of ROOTS' assets marks a significant step in enhancing its solar greenhouse offerings. By integrating ROOTS' innovative technologies, ClearVue aims to offer sustainable solutions that improve agricultural productivity. ROOTS' technologies, such as Root Zone Temperature Optimization and Irrigation by Condensation, complement ClearVue's existing solar solutions, potentially enhancing crop yields and resource efficiency. The acquisition supports ClearVue's vision of expanding its market presence in countries like the US, UAE, and China. It also aligns with their goal of providing net-zero greenhouse solutions globally. ClearVue will maintain ROOTS' IP rights and regulatory obligations, strengthening its market position in the ag-tech sector.

Executive insights on ClearVue's strategic acquisition

The acquisition of ROOTS' IP and assets is a strategic move for ClearVue. By integrating these advanced technologies, we aim to enhance our solar solutions and deliver sustainable agricultural productivity. This acquisition is in line with our commitment to provide comprehensive ag-tech solutions that optimize energy and water use while improving crop yields.