Signs Multi-Year, Multi-Million Dollar Enterprise Contract Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture digital services and insights provider in North America, is pleased to announce that the Company has signed a four-year enterprise agreement, with an initial two-year statement of work valued at $3.14 million, with a global leader in the agricultural industry. The agreement initially covers nine states in 2021 with an expansion to 17 states in 2022, with an annual value of $1.25M and $1.89M, respectively. The contract provides the client with access to Deveron's new carbon platform, which provides a scalable and streamlined process for collecting, analyzing, and sharing in-field soil carbon data to support the development of the client's carbon program.
"Carbon credits provide agribusiness and growers with a unique opportunity to create an additional revenue stream for their business while implementing environmentally conscious improvements to their operations. We are excited to see leaders in all industries look to agriculture to offset their carbon emissions and decrease their environmental footprint," said David MacMillan, Deveron's President and CEO. "Our turn-key carbon services platform addresses the industry's need to digitize and standardize the collection, analysis and distribution of carbon soil data. Our vertically integrated data technician network and laboratory, provides our clients with an end-to-end platform ensuring the highest fidelity digitized carbon soil data."
This is the third agricultural leader to sign an enterprise contract to use Deveron's carbon services platform since its launch on September 21, 2021. The platform eliminates multiple key bottlenecks impeding the current market for agriculture carbon credits. The Company views these improvements as key enablers for maximizing the creation of 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 in a digital platform
- Ensure soil data integrity via best-in-class data security
To find out more about our carbon platform, visit: https://deveronuas.com/carbon/.
https://www.newsfilecorp.com/release/100075