Greencastle owns 10,000,000 common shares of Deveron
FOR IMMEDIATE RELEASE CSE:DVR
July 7, 2020
Toronto, Ontario – Deveron UAS Corp., (CSE: DVR) (“Deveron” or the “Company”) a leading agriculture digital services and insights provider in North America and Terramera, a global AgTech leader fusing science, nature and artificial intelligence to transform how food is grown are pleased to announce a collaboration using drones and data across multiple sites throughout North America for the 2020 growing season. The project will provide Terramera access to Deveron’s turnkey drone data network which includes scalable data collection services across numerous sites in Canada and the United States.
The 2020 project brings multiple solutions to the complexity of agricultural field biology research which tends to cover a wide range of geographies where standardizing data collection protocols and deploying similar hardware and sensors may be difficult. Deveron’s drone data network ensures clients can replicate data collection protocol across multiple locations while also ensuring standardized and comparable data sets without the need for capital investment.
“Terramera is committed to reducing the global synthetic pesticide load 80% by 2030 through Actigate, our foundational chemistry platform,” said Karn Manhas, Terramera’s Founder and CEO. “ Deveron’s ability to scale and replicate our high standards of data acquisition made them a great choice to collaborate on our trials.”
“Our vision continues to remain focused on expanding a North American network of agriculture data technicians so global leaders like Terramera have a reliable and low-cost network to help validate the incredible products they are creating,” commented David MacMillan, Deveron’s President and CEO. “In-field and on-farm data collection, especially across multiple geographies, poses deployment challenges that Deveron’s team spends most of their days trying to solve. We are thrilled to be working with such an innovative group who has a mission that is so transformational to our industry.”
About Terramera: Terramera is a global AgTech leader fusing science, nature and artificial intelligence to transform how food is grown and the economics of agriculture in the next decade.
With its revolutionary Actigate™ technology platform, which was recognized by Fast Company as a 2020 World Changing Idea, Terramera is committed to reducing the global synthetic pesticide load 80% by 2030 to protect plant and human health and ensure an earth that thrives and provides for everyone. The privately-held, venture-backed company was founded in 2010 and has grown to include a world-class bench of engineers, scientists, advisors and investors. Terramera is headquartered in Vancouver, British Columbia, with integrated operations in Canada, the US and India that include research labs, a greenhouse and farm, and more than 240 patents in its global IP portfolio. For more information, please visit terramera.com
About Deveron UAS: Deveron is a leading agriculture technology company focused on providing data acquisition services and data insights 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 http://www.deveronuas.com/register or reach us on Twitter @DeveronUAS or @MyVeritas_HQ
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 http://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.