FOR IMMEDIATE RELEASE: January 23, 2019
CSE:DVR
Toronto,Ontario– Deveron UAS Corp. (CSE: DVR) (“Deveron”or the “Company”) is excited to launch new product offerings for crop researchers and breeders. These tools enable the rapid collection of measurements across research trials for more efficient and insightful monitoring.
The Agricultural Institute of Canada reported in 2018 that Canadian public and private investments in research and development topped $720 million between 2015 and 2016, in agriculture.11 These investments emphasize the increasing pressure faced by crop researchers and breeders to advance products and genetics through the selection process. Deveron’s new analyses based on high-resolution imagery collected by UAV (“Drone”) seek to maximize research productivity in a single growing season by freeing up researchers to run more trials in a greater variety of geographies, and to monitor existing trials with greater depth. Deveron delivers experimental results at the individual plot level so that they can be immediately added to field notes as if they were collected like traditional manual measurements.
This launch includes three product packages for use in corn, canola, soybeans, and cereals. The first includes basic plant health indices for in-season monitoring of yield potential and general changes to crop growth. The second product takes this a step further and estimates canopy coverage which is an important trait in genetics selections. Lastly, a canola flowering analysis estimates the extent of yellow flowers and improves yield predictions from imagery at this critical development stage when traditional plant health indices fail to produce results.
“Successful agricultural research programs drive innovations that make farmers more productive and profitable,” commented Deveron’s President & CEO, David MacMillan. “We are thrilled to be a part of digitizing crop research so that our customers can reduce their time to market for new crop products and seeds.”
To register for more information please visit www.deveronuas.com/register.
1
ultural Inno stem.
http://aic.ca/pdf/AIC20170825_DC_CFI_Contextpiece_Short_version_FINAL_11.2.pdf
AboutDeveronUAS: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, the company is providing scalable data acquisition solutions in the imagery space. Additionally, through its wholly owned subsidiary Veritas Farm Management, the company provides growers in North America with independent data insight on the data it collects and is being generated on today’s farm.
For more information and to join our community, please visit www.deveronuas.com or reach us on Twitter @DeveronUAS or @MyVeritas_HQ
David MacMillan
President & CEO Deveron UAS Corp. 416-367-4571 ext. 221
Thisnewsreleaseincludescertain“forward-lookingstatements”withinthemeaningofthatphraseunderCanadian securitieslaws.Withoutlimitation,statementsregardingfutureplansandobjectivesoftheCompanyareforwardlookingstatementsthatinvolvevariousdegreesofrisk.Forward-lookingstatementsreflectmanagement’scurrentviewswith respecttopossiblefutureeventsandconditionsand,bytheirnature,arebasedonmanagement’sbeliefsandassumptionsandsubjecttoknownandunknownrisksanduncertainties,bothgeneralandspecifictotheCompany. AlthoughtheCompanybelievestheexpectationsexpressedinsuchforward-lookingstatementsarereasonable,such statementsarenotguaranteesoffutureperformanceandactualresultsordevelopmentsmaydiffermateriallyfrom thoseinourforward-lookingstatements.ThefollowingareimportantfactorsthatcouldcausetheCompany’sactual resultstodiffermateriallyfromthoseexpressedorimpliedbysuchforwardlookingstatements:changesintheworld- wide priceofagriculturalcommodities,generalmarketconditions,risks inherentin agriculture,the uncertaintyoffuture profitabilityandtheuncertaintyofaccesstoadditionalcapital.Additionalinformationregardingthematerialfactorsand assumptionsthatwereappliedinmakingtheseforwardlookingstatementsaswellasthevariousrisksanduncertaintieswefacearedescribedingreaterdetailinthe“RiskFactors”sectionofourannualandinterimManagement’sDiscussion andAnalysisofourfinancialresultsandothercontinuousdisclosuredocumentsandfinancialstatementswefilewith theCanadiansecuritiesregulatoryauthoritieswhichareavailableatwww.sedar.com. TheCompanyundertakesnoobligationtoupdatethisforward-lookinginformatinexceptasrequiredbyapplicablelaw.TheCompanyrelieson
litigation protection for forward looking statements.