| Business Summary | | OrganiTECH
USA,
Inc.,
formerly
Incubate
This!,
Inc.,
is
a
development
stage
company
that
intends
to
develop
technologies
that
automate
the
method
by
which
many
foods,
plants
and
extracts
are
cultivated.
The
Company
operates
through
its
subsidiary,
Organitech
Ltd.
(Organitech),
which
it
acquired
in
January
2001.
Since
its
formation,
Organitech
has
been
developing
its
first
proprietary
solution,
the
GrowTECH
2000,
which
is
a
low-input/high-output,
self-contained,
portable,
robotic,
sustainable
agricultural
platform
designed
to
automatically
seed,
transplant
and
harvest
commercial
quantities
of
hydroponic,
pesticide-free,
green
leaf
vegetables.
During
fiscal
year
2000,
the
Company
focused
most
of
its
research
and
development
activities
on
identifying
potential
acquisitions
and
investment
opportunities.
Due
to
the
acquisition
of
Organitech,
the
Company
plans
to
shift
all
of
its
research
and
development
activities
to
Organitech
and
its
development
of
the
GrowTECH
2000. | More from
Market Guide: Expanded
Business Description |
| Financial Summary | | OrganiTECH
USA,
Inc.,
is
a
development
stage
company
that
intends
to
develop
technologies
that
automate
the
method
by
which
many
foods,
plants,
and
extracts
are
cultivated.
The
Company
has
developed
a
proprietary
platform
solution,
the
GrowTech
2000.
For
the
six
months
ended
6/01,
the
Company
reported
no
revenues.
Net
loss
rose
90%
to
$858
thousand.
Results
reflect
increased
spendings
on
developing
the
GrowTech
2000
platform. | More from
Market Guide: Significant
Developments |
| | |
| Position | Josef Sperling | Chairman | Lior Hessel, 32 | CEO, Director | Ehud Almon | CEO, Organtech | Ohad Hessel | Director and VP, Organitech |
| More from
Market Guide on Officers & Directors: Expanded List, Bios,
Compensation, Options
|
|