Deveron US Acquisition Targets US AgTech Market

DeveronUAS Acquisition Targets US Ag Tech Market – Toronto, Ontario-Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) a leading agriculture digital services and analytics provider in North America is pleased to announce it has entered into an agreement to acquire Kansas City, Missouri based digital agriculture provider Atlas Team(“Atlas”). The acquisition will allow Deveron to continue to build upon its expansion into the US agriculture market providing data acquisition services for drones and soil sampling as well as data analytics.Atlas currently serves farmers and agriculture industry leaders across 13 states in the US. The US agriculture sector is almost ten times the size of its Canadian counterpart, comprising over 900 million acres of farmland. The USDA recently estimated that agricultural production from the some two million farms in the United States amount to US$389 billion in total agricultural goods.With average crop farm expenditures topping US$205,000 per farm in the US, a considerable opportunity exists for 10% improvement in yields or reduction in costs from digital solutions.

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