Sativus Tech Corp., through Saffron-Tech Ltd. (Saffron Tech), focuses on its in-house research and development of agriculture technology products, among others, in the fields of exotic plants and mushrooms.
Saffron Tech plans to roll out its proof of concept in the coming months. This technology is designed to provide turnkey automated growing containers for high-quality, high-yield saffron all year round. The company is in advanced stages of developing and testing a fully automated and remotel...
Sativus Tech Corp., through Saffron-Tech Ltd. (Saffron Tech), focuses on its in-house research and development of agriculture technology products, among others, in the fields of exotic plants and mushrooms.
Saffron Tech plans to roll out its proof of concept in the coming months. This technology is designed to provide turnkey automated growing containers for high-quality, high-yield saffron all year round. The company is in advanced stages of developing and testing a fully automated and remotely managed system for growing high-quality, high-yield saffron anywhere and anytime.
Saffron Tech developed a growth protocol and supporting technology, allowing indoor Saffron cultivation, producing high-quality, high-yield saffron multiple times a year.
In April 2022, Saffron Tech announced its new state-of-the-art indoor research and development center is operational. From April 2022, through to December 2022, Saffron Tech successfully completed three Saffron cultivation cycles using vertical farming technology, while traditional agriculture only produces one harvest of saffron per year.
On January 6, 2022, the company announced that its subsidiary, Saffron Tech, has planted approximately 25,000 Saffron bulbs in fields in the Golan Heights, in Norther Israel. The plantation is being managed in conjunction with the Shamir Research Institute, which operates under the auspices of the Haifa University, Israel.
On March 1, 2023, Saffron Tech entered into an investment agreement with Korean-based company, Dreamtech Co Ltd (Dreamtech), a leading provider and manufacturer of tech components for innovative products, including advanced mobile and medical devices.
Research and Development
For the year ended December 31, 2022, the company's research and development expenses amounted to $673 thousand.
History
The company was founded in 2015. It was incorporated in 2015 under the laws of the state of Delaware. The company was formerly known as Seedo Corp. and changed its name to Sativus Tech Corp. in December 2021.