Sunday, 13 September 2020 17:39

Australian agtech firm invites investors to get on board

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Mark Peart: "Our technology provides a cheaper, more effective way of supplementing livestock equally through controlled dosing of their drinking water, with Australian farmers realising up to 15% production gains and 40% cost savings." Mark Peart: "Our technology provides a cheaper, more effective way of supplementing livestock equally through controlled dosing of their drinking water, with Australian farmers realising up to 15% production gains and 40% cost savings." Supplied

Australian agtech firm DIT Technologies has invited locals, who are interested to invest in its operations through equity crowd-funding, to register to show their interest.

The company makes technology for remote monitoring and water supplementation that can be used to monitor the supplements given to animals on a farm.

DIT Technologies chief executive Mark Peart said in a statement: "Australia’s 97 million cattle and sheep are mainly grass fed and need supplements to overcome the nutritional deficiencies of native grasses to increase well-being.

"Our technology provides a cheaper, more effective way of supplementing livestock equally through controlled dosing of their drinking water, with Australian farmers realising up to 15% production gains and 40% cost savings.

“We have a strong base of farmers in the Northern Territory and Queensland using our technology, but we now want to help even more farmers by expanding further across these states and into New South Wales, Victoria and Western Australia.

“We are excited to now engage with investors for the next chapter of our journey. Through equity crowdfunding with Birchal we hope to fund our expansion south, grow our team, increase production, further our data collection to help farmers make sustainable decisions, and commercialise our horticulture offer, where our technology could be used for water conservation, input efficiency and reducing run-off into waterways.”

Birchal co-founder Mark Vittal said: “The CSF industry is helping to raise awareness of impressive Australian businesses by providing opportunities that all Australians can invest in.

"Agtech, in particular, is a sector where Australia has the opportunity to punch well above its weight on the world stage."

Birchal claims to be Australia’s leading equity crowdfunding platform licensed under the national crowd sourced funding regime.

Australians can register their interest to invest in DIT Technologies’ equity crowdfunding campaign right away from at https://www.birchal.com/company/dittechnologies, with crowdfunding expected to open in October.

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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