FOR IMMEDIATE RELEASE: April 13, 2016
TSXV:DVR
Deveron Resources Ltd. (TSX-V: DVR) (“Deveron” or the “Company”), is pleased to announce that it has commenced commercial Unmanned Aerial Systems (“UAS” or “drone”) flying for the 2016 agricultural season in Ontario. Deveron is focused on revenue generating and research driven data collection using drones for the 2016 growing season in Ontario.
“We have recently completed our first revenue generating flight of the 2016 season,” commented David MacMillan, VP Corporate Development, “as we focus on building credibility, relationships and growing our footprint in Ontario, it is encouraging to see such excitement from the agricultural community with respect to our service offering. Our first assignment was completed in conjunction with one of Ontario’s largest farming cooperatives and we look forward to building this relationship as the premier supplier of drone imagery services for agriculture in the region.”
To assist the Company in ramping up for this season, it is has recently ordered additional UAS and multispectral sensors to add to its growing fleet of available drones positioned throughout the province. Deveron continues to develop a fleet of the most technologically advanced drones available for farming and to build an underlying infrastructure to be a leader in the drone imagery market.
Deveron has also hired additional licensed pilots to operate its fleet of drones. The company is taking a proactive approach to its operations and setting a high standard for safety and responsibility with respect to operating UAS. The Company operates under its Special Flight Operations Certificate (“SFOC”) from Transport Canada. The SFOC permits Deveron to operate UAS for the purpose of surveying agricultural land in rural areas.
Drones are transforming the way data collection and analysis are conducted on a farm. Deveron uses industry leading hardware, sensor and software technologies to collect actionable crop data for farmers. Images can be used with existing farm GIS software for variable rate fertilizing, seeding, pesticide applications and other prescription management solutions to ultimately help farmers increase yields and reduce costs.
AboutDeveronUAS:
Deveron’s new business, called Deveron UAS, is a full-service company providing farmers with the opportunity to increase yields and reduce costs through the use of sophisticated Unmanned
Aerial Systems (“UAS” or “drones”), sensors, software and analytics. The service offering is
targeted at farmers, agricultural retailers and independent agronomists using the most advanced drones and sensors on the market today. The company provides a strong value proposition to farmers through reduced costs and/or increased yields (through the optimization of input costs such as water, fertilizer, pesticides, etc.)
For more information and to join our community, please visit www.deveronuas.com
David MacMillan
VP Corporate Development Deveron Resources Ltd.
416-367-4571 ext. 226
dmacmillan@deveronresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Thisnewsreleaseincludescertain“forward-lookingstatements”withinthemeaningofthatphraseunderCanadiansecuritieslaws.Withoutlimitation,statementsregardingpotentialmineralizationandresources,explorationresults,andfutureplansandobjectivesoftheCompanyareforwardlookingstatementsthatinvolvevariousdegreesofrisk.Forward-lookingstatementsreflectmanagement’scurrentviewswithrespecttopossiblefutureeventsandconditionsand,bytheirnature,arebasedonmanagement’sbeliefsandassumptionsandsubjecttoknownandunknownrisksanduncertainties,bothgeneralandspecifictotheCompany.AlthoughtheCompanybelievestheexpectationsexpressedinsuchforward-lookingstatementsarereasonable,suchstatementsarenotguaranteesoffutureperformanceandactualresultsordevelopmentsmaydiffer materiallyfromthoseinourforward-lookingstatements.ThefollowingareimportantfactorsthatcouldcausetheCompany’sactualresultstodiffermateriallyfromthoseexpressedorimpliedbysuchforwardlookingstatements:changesintheworldwidepriceofcommodities,generalmarketconditions,risksinherentinexploration,risksassociatedwithdevelopment,constructionandminingoperations,theuncertaintyoffutureprofitabilityandtheuncertaintyofaccesstoadditionalcapital.Additionalinformationregardingthematerialfactorsandassumptionsthatwereappliedinmakingtheseforwardlookingstatementsaswellasthevariousrisksanduncertaintieswefacearedescribedingreaterdetailinthe“RiskFactors”sectionofourannualandinterimManagement’sDiscussionandAnalysisofourfinancial results and other continuous disclosure documents and financial statements we file withthe Canadiansecuritiesregulatoryauthoritieswhichareavailableatwww.sedar.com. TheCompanyundertakesnoobligationtoupdatethisforward-lookinginformationexceptasrequiredbyapplicablelaw.TheCompanyreliesonlitigation
protectionforforwardlookingstatements.