"This is a significant step for Deveron as we continue to build the scale required to serve enterprise customers for their drone data needs," commented Deveron's President and CEO, David MacMillan.
Operating successfully in the United States is a key achievement for the Company while also highlighting the ability of our operations to scale across various regions. Commercial data flights south of the border provide revenue sources outside of the typical Canadian grow season as well as a variety of crops that have different economic margins than typical row crops like corn and soybeans.
California produces 90% of the world's almonds with roughly 1 million acres being grown in the state. The global almond industry is worth roughly $11 billion annually. The opportunity for drones to identify variability within a given orchard can provide growers with important insight, thus helping make more informed decisions with respect to operations.
About Deveron UAS:
Deveron is an enterprise drone data service company focused on agriculture. Drone data provides farmers the opportunity to increase yields and reduce costs using sophisticated Unmanned Aerial Systems ("UAS" or "drones"), sensors, software and analytics. Deveron's drone data service network allows enterprise level customers to obtain on-demand, actionable data and eliminates technology and capital risks.
For more information and to join our community, please visit www.deveronuas.com.
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 world wide 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.
Contacts: Deveron UAS Corp. David MacMillan President & CEO 416-367-4571 ext. 226 dmacmillan@deveronuas.com
