Deveron Expands Drone Data Services to US Market
TORONTO, June 19, 2018 (GLOBE NEWSWIRE) — Deveron UAS Corp. (CSE:DVR) (“Deveron” or the “Company”), is pleased to announce that it has launched its drone data services in the US market. Deveron will be offering drone data services to its partners across the US mid-west, where there are some 127 million acres of farmland1.
With the recent integration of these services into Climate FieldView and John Deere data platforms (see press releases dated November 15, 2017 and May 2, 2018), the Company can now offer drone data services to a significant number of new customers. With this launch of its drone data network in the United States, the company looks forward to working with farmers that use such cutting-edge data platforms.
Leaders in agriculture continue to look for new ways to derive data analytics for their business. Drone data offers new applications for analytics and Goldman Sachs, sees drone applications evolving into a $100 billion market by 2020, with agriculture playing a significant role.
“We are excited to be launching our drone data services network to US customers,” commented Deveron’s President & CEO, David MacMillan. “The US represents a tremendous growth opportunity for Deveron as we continue to show farmers the value of drone data in improving their data insights on the farm. We will be working closely with our data integration customers and US farmers initially throughout the states of Indiana, Iowa, Illinois and North Dakota.”
About Deveron UAS: Deveron is a leading drone data services company providing powerful data applications and analytics to the agricultural community. Drone data helps farmers reduce costs and increase both yields and profit using sophisticated Unmanned Aerial Systems (“UAS” or “drones”), sensors, software and analytics. Deveron’s drone imagery service network allows farmers in North America to obtain on-demand, actionable data so they can make timely production decisions with the use of ultra high-resolution data. The Company is focused on building a standardized network of pilots, drones and sensors to provide data to decision makers in the farming industry.
President & CEO
Deveron UAS Corp.
416-367-4571 ext. 221
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.