Deveron UAS Corp. (CSE:DVR) is pleased to report that a trial program of drone-data collection for one of Canada’s largest and most progressive agricultural producers has commenced. The drone data collected by Deveron, specifically focused on higher-value crops, will be used to support its customer’s research opportunities in western and Atlantic Canada. Deveron is providing various layers of data, including thermal, to help drive more informed decisions in crop production.
“Our customer is a progressive, global leader that continues to invest in innovation to improve the way farmers produce crops,” stated David MacMillan, President & CEO of Deveron. “Deveron’s focus on drone-data collection for the most progressive producers in agriculture is a cornerstone of our business model. We are thrilled to continue to see the most innovative global leaders in farming explore cutting edge technology to enhance decision-making.”
According to global consulting firm PwC, the market potential for the commercial drone industry is valued at over $127 billion with agriculture making up $32.4 billion. In addressing this market opportunity, Deveron is building a standardized network of drones and sensors to provide a scalable data solution for growers throughout North America. The Company continues to expand its on-demand data solutions to support the decision-making of companies that are integrating drone technology in precision agriculture.
“We are also excited to highlight the company’s first quarter of positive operating earnings,” said Mr. MacMillan following the recent release of the Company’s 2017 second-quarter financial results. “We continue to see opportunity in providing a network of drones to help North American farmers make efficient data driven decisions.
“The recent quarter highlights our ability to generate operating margin. As our network and sales continue to grow in Canada and into select areas of the U.S., we see ongoing opportunity to increase efficiencies in the costs of collecting drone data.”