TORONTO, May 07, 2019 (GLOBE NEWSWIRE) -- Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) is pleased to announce that it has entered into a partnership and distribution agreement with Airinov (“Airinov”) to provide North American growers with a solution for managing in-season crop nutrient applications.
The offering will use high-resolution in-season imagery collected by UAV (“Drone”) to drive nitrogen placement decisions in crops such as wheat, barley, oats and canola. Airinov, based in France, is a pioneer in drone-based digital agriculture solutions and has demonstrated the success of its algorithms to drive increased profits ranging from $42 to $61 per acre across multiple crops.
“We are excited to be offering our customers yet another product which provides easy turn-key solutions to add to their digital tool boxes” commented Deveron’s President & CEO, David MacMillan. “The North American cereals and canola markets represent over 100 million acres. As precision agriculture begins to take hold across all crops, we see a tremendous growth opportunity for Deveron through this partnership”.
About AIRINOV: AIRINOV is a company born in 2010 from the meeting between two engineers specialized in robotics and telematics, and a son of farmers. Their complementarity has enabled AIRINOV to position itself naturally on the market of agricultural consulting and research and to become a pioneer in crop monitoring and drone testing. AIRINOV now offers products and services based on agronomic mapping to help both farmers and experimenters in their decision-making. AIRINOV benefits from the support of the leader in recreational drones, Parrot, which acquired a stake in 2014.
From the first collaborations with INRA in 2011, for the development of its multispectral sensor, AIRINOV has shown the relevance of the UAV for the monitoring of agricultural and experimental plots. For more information, visit: www.airinov.fr.
About Deveron UAS: Deveron is a leading agriculture technology company focused on providing data acquisition services and data analytics to the farming sector in North America. Through its on-demand network of drone pilots and soil sampling technicians, the company is providing scalable data acquisition solutions in the imagery and soil space. Additionally, through its wholly owned subsidiary Veritas Farm Management, the company provides growers in North America with independent data analytics and insights on the massive amount of data being generated on farms today.
For more information and to join our community, please visit www.deveronuas.com/register or reach us on Twitter @DeveronUAS or @MyVeritas_HQ
David MacMillan
President & CEO
Deveron UAS Corp.
416-367-4571 ext. 221
dmacmillan@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.