Report: CropLogic Releases Dec’18 Quarterly Activities Report


Posted on January 31st, by Bourse Communications in News and Announcements. Comments Off on Report: CropLogic Releases Dec’18 Quarterly Activities Report

CropLogic Limited (ASX:CLI) (“CropLogic” or “Company”) is pleased to update shareholders on its activities for the three month period ending 31 December 2018.

Highlights:

  • Key growth into the Australian Market
    • Mildura, Victoria office well established (announced 30 July)
    • First order for CropLogic realTime received (announced 12 December)
    • Two local agronomy events attended by CropLogic representatives
    • Continued regional partnership and engagement
    • Targeting and continued servicing of key regionally lucrative crops
  • Preparation for 2019 growing season in Columbia Basin, USA (Washington and Oregon)
    • Growth strategy in the Columbia Basin on track for 2019
    • Increase in adoption of CropLogic technology and agronomy skills
    • ProAg CropLogic team attended several agronomy events in Washington State
    • Washington-Oregon Potato Conference & Ag Expo 2019 attended by Pro Ag CropLogic representatives and CropLogic CEO
  • Preparation for 2019 growing season in Idaho, USA
    • Twin Falls, Idaho office establish (announced 29 October)
    • Growth strategy to offer CropLogic technology for the first time in Idaho in 2019 on track
  • Research into industrial hemp market in Oregon, USA
    • Appointment of Corporate Advisor and Lawyer to advise on industrial hemp market in Oregon(announced 26 November)
    • Report received from Corporate Advisor, Green Rush Advisory Group, LLC, (announced 21 January)
    • Continued investigation into virtual integration of Hemp operations in the Oregon market
  • Technology development and research partnerships
    • Time domain reflectometry-based (TDR) soil moisture probe
      • Key milestones in development of TDR technology achieved during period
      • Stage 1 and Stage 2 have been completed. CropLogic currently reviewing findings and investigating progression to Stage 3 (final stage)
  • Corporate developments
    • $2.6 million raised through placement offer (announced 19 November)
    • Appointment of John Corbett as Non-Executive Director

CropLogic’s full Quarterly Activities Report for December 2018 can be accessed here.

For further information please contact:
James Cooper-Jones, Chief Executive Officer
CropLogic Limited
M: 0419 978 062
E: [email protected]

Rod North, Managing Director
Bourse Communications Pty Ltd
T: (03) 9510 8309, M: 0408 670 706
E: [email protected]

About CropLogic
CropLogic is an award-winning New Zealand agricultural technology company listed on the Australian Securities Exchange (ASX). After launching its product into Washington State, USA in 2017, CropLogic is currently servicing a significant portion of horticultural growers in this region, with a market share as high as 30% in some crops. Following significant growth (2017-2018) in Washington State and Northern Oregon, in 2018, CropLogic expanded into the Idaho market. CropLogic offers growers of irrigated crops with digital agricultural technology expertise based upon scientific research and delivered with cutting edge technology – science, agronomy and technology interwoven into an expert system for decision support. For more information please visit: http://www.croplogic.com/





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