Soon to be listed, Christchurch-based, precision agricultural technology firm, CropLogic Limited (CropLogic), has announced that it has been named as one of the most promising early stage companies at New Zealand’s annual Technology Investment Network 100 Awards (TIN100 Awards), announced in Auckland on Wednesday, 19 October 2016.
CropLogic’s proprietary technology gives farmers daily optimal prescriptions for applying water and nitrogen together with a rolling yield prediction. The success of this system has seen CropLogic awarded as an early stage technology company at the TIN100 Awards, ahead of the Company’s Australian Securities Exchange (ASX) listing.
On 14 July 2016, CropLogic announced that it had successfully closed its offer on the Equitise Pty Ltd crowd funding platform and had appointed Ventnor Capital Pty Ltd as Corporate Advisors, in preparation for the Company’s anticipated listing on the ASX.
Commenting on the TIN100 Awards, Jamie Cairns, Chief Executive Officer of CropLogic, said:
“CropLogic is proud to be recognised at the 2016 TIN100 Awards alongside so many innovative New Zealand companies.
“The Award comes at a time when New Zealand’s technology export sector is really starting to establish itself on an international stage. We’re delighted to be part of that, and to be contributing to the country’s economic success.”
CropLogic was among the ten shortlisted companies awarded most promising early stage companies at the TIN100 Awards, which recognises New Zealand’s leading technology exporters. This shortlist also included 8i, BioLumic, Engender Technologies, Footfalls & Heartbeats, Hydroxsys, Invert Robotics, Mars Bio-imaging Ltd, Parrot Analytics and Timely.
The TIN100 Awards follows the release of the annual Technology Investment Network 100 Report (TIN100 Report), which analyses the performance of the New Zealand’s largest exporters in the areas of Information and Communication Technology, High Technology Manufacturing and, Biotechnology. TIN’s collaborative research has widespread industry support and participation with researchers collating information from approximately 450 companies and reporting on the largest 200.
Jamie Cairns continued:
“Our aim at CropLogic is to become the leading provider of end-to-end agronomy services to global crop-growers. We developed the technology here in New Zealand and have been able to create a proven decision support system to achieve more sustainable farming practices by improving yields, significantly increasing efficiencies and boosting profits.
“This Award reinforces CropLogic’s commitment to increase the Company’s shareholder growth potential through an ASX listing.”