Toronto, Ontario – Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”), a leading agriculture digital services and insights provider in North America, is pleased to announce the Company has signed a $750,000 enterprise contract with a carbon credit-focused investment company, Generic Carbon Credit Corp. (“Generic”). The contract provides the client access to Deveron’s new scalable and streamlined platform for collecting, analyzing, and sharing in-field soil carbon data. Additionally, Deveron will work with Generic to create, certify and invest in Canadian carbon credits.
“Deveron has invested significantly in our digital ecosystem and boots on the ground network to create a vertically integrated soil carbon data solution. This network uniquely positions Deveron to act as an intermediary between buyers of carbon credits and the aggregated growers, allowing for buyers to acquire any volume of credits to match their ESG needs.” said David MacMillan, Deveron’s President and CEO.
This is the fifth enterprise contract signed to use Deveron’s carbon services platform since its launch in Q3/2021. It is the first to include the purchase of credits directly from the Company. The platform eliminates significant impediments to the accurate measurement of carbon sequestration in agricultural land and is a key enabler for creating reliable and credible carbon credits. The platform is built on three key principles highlighted below:
- Leverage Deveron’s growing network of trained and dedicated soil technicians across North America, thus ensuring consistency of sampling
- Provide single chain of custody from the farm to the lab to the client in a digital platform
- Ensure soil data integrity via best-in-class data security
To find out more about our carbon platform, visit: https://deveron.com/carbon/