Deveron Signs New Enterprise Client to End-To-End Carbon Services Platform
The contract, focused on 85,000 acres in the Mississippi Delta, provides the client access to Deveron's platform for collecting, analyzing, and sharing in-field soil carbon data.
Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce the Company has signed a $750,000 enterprise contract with an agricultural carbon provider. The contract, focused on 85,000 acres in the Mississippi Delta, provides the client access to Deveron's platform for collecting, analyzing, and sharing in-field soil carbon data.
"With a growing network of over 100 in-field soil technicians across the US and Canada, Deveron offers the only fully integrated and scalable soil data solution. Our network creates a unique opportunity for Deveron to act as a data aggregator for enterprises to streamline and create scale for their agriculture carbon initiatives and assures the highest value carbon credit by relying on high fidelity soil carbon data," said David MacMillan, Deveron's President, and CEO.
To date Deveron has signed $7M in enterprise contracts to use the Company's carbon services platform since its launch in Q3/2021. This is the first enterprise contract to exclusively leverage our field to cloud solution, where Deveron monetizes the collection, lab analysis and digital workflow. The platform eliminates significant impediments to the accurate measurement of carbon sequestration in agricultural land and is a key enabler for creating reliable and credible carbon credits. The platform is built on three key principles highlighted below:
- Leverage Deveron's growing network of trained and dedicated soil technicians across North America, thus ensuring consistency of sampling
- Provide single chain of custody from the farm to the lab to the client in a digital platform
- Ensure soil data integrity via best-in-class data security
To find out more about our carbon platform, visit: https://deveron.com/carbon/
About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Our team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide, and other farm inputs. Additionally, we have a national network of data technicians that are deployed to collect various types of farm data, from soil to drone. Our geographic focus is the US and Canada where 1 billion acres are actively farmed annually.
For more information, please visit www.deveron.com.
David MacMillan
President & CEO
Deveron Corp. [email protected]
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This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the worldwide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward-looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.
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