Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  Deveron UAS Corp.    DVR   CA2516321056


Delayed Quote. Delayed CANADIAN NATIONAL STOCK EXCHANGE - 02/26 01:21:44 pm
0.17 CAD   -5.56%
01/08RETRANSMISSION : Veritas and Huron Tractor Enhance Agriculture Data Collaboration
01/07Veritas and Huron Tractor Enhance Agriculture Data Collaboration
2019DEVERON UAS : Reports Q3 Revenue Growth of 493%
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Technology Leader Jay Deen Joins Deveron's Advisory Board

share with twitter share with LinkedIn share with facebook
share via e-mail
09/09/2019 | 08:25am EST

Toronto, Ontario--(Newsfile Corp. - September 9, 2019) - Deveron UAS Corp. (CSE: DVR) ("Deveron" or the "Company") a leading agriculture digital services and analytics provider in North America is pleased to announce that Jay Deen has joined its advisory board. On the back of Deveron's recently reported Q2 financials, which highlighted revenue growth of 472% (see press release dated, August 27th, 2019), the Company continues to follow a strategy to excel in its digital offering and data solutions for agriculture.

Mr. Deen has 25 years of experience in software development. Most recently, he was the Chief Technology Officer of UXP Systems Inc., which was acquired by Amdocs Inc., for $102 Million. Throughout his career he has been part of over $40 Million in venture capital funding in the technology space. He has advised numerous companies including SocialDeck, which was acquired by Google and currently serves as an advisor to Rubikloud, a world leader in AI and Machine Learning for enterprise retailers that is backed by Horizon Ventures.

"I'm very excited to work alongside such a talented team at Deveron," commented Jay Deen. "Deveron is at a unique intersection point, providing actionable real-world reports to our farmers and agricultural customers in a way that provides them with both immediate value and also provides improved and additional insights over time as their data grows."

"We could not be more excited to welcome Jay to our advisory board," commented David MacMillan, Deveron's President and CEO. "His track record speaks for itself with respect to leading technology driven organizations and identifying opportunities where technology can have a fundamental change to the way an industry operates. As we continue to invest in our data tools and services, I think it is an exciting time to have people like Jay choose to get involved and help guide us toward building scale."

In addition, Deveron is also pleased to announce that further to its press release of August 13, 2019, the Company has acquired all of the issued and outstanding membership interests of Atlas Team, LLC ("Atlas"), pursuant to the terms of a membership interests purchase agreement (the "Membership Interests Purchase Agreement") dated August 13, 2019 (the "Acquisition").

In connection with the Acquisition, the members of Atlas received 250,000 common shares (the "Consideration Shares") of Deveron at a deemed price of $0.30 per Consideration Share. Under the terms of the Membership Interests Purchase Agreement, the Consideration Shares will be released from escrow in three (3) tranches on an annual basis, commencing on the first anniversary of the closing date of the Acquisition. Further, the Consideration Shares are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation.

About Deveron UAS: Deveron is a leading agriculture technology company focused on providing data acquisition services and data analytics in North America. Through its on-demand network of drone pilots and soil sampling technicians, the Company is providing scalable data acquisition solutions in the imagery and soil space. Additionally, through its wholly owned subsidiary Veritas Farm Management, the company provides growers in North America with independent analytics and insights on the massive amount of data being generated on farms today.

For more information and to join our community, please visit www.deveronuas.com/register or reach us on Twitter @DeveronUAS or @MyVeritas_HQ

David MacMillan
President & CEO Deveron UAS Corp.
416-367-4571 ext. 221

This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47646

© Newsfilecorp 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DEVERON UAS CORP.
01/08RETRANSMISSION : Veritas and Huron Tractor Enhance Agriculture Data Collaboratio..
01/07Veritas and Huron Tractor Enhance Agriculture Data Collaboration
2019DEVERON UAS : Reports Q3 Revenue Growth of 493%
2019Technology Leader Jay Deen Joins Deveron's Advisory Board
2019DEVERON UAS : Reports Q2 Revenue Growth of 472%
2019Deveron US Acquisition Targets US AgTech Market
2019DEVERON UAS : Provides Corporate Update
2019DEVERON UAS : Secures Drone Phenotyping Research Work in Western Canada and US M..
2019DEVERON UAS : Secures Drone Phenotyping Research Work in Western Canada and US M..
2019CBD MED RESEARCH : World Class and Deveron Enter Drone and AI Data Services Agre..
More news
Duration : Period :
Deveron UAS Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
David A. MacMillan President, CEO, Secretary & Director
Carmelo K. Marrelli Chief Financial Officer
James Pirie Director
Christopher E. O. Irwin Independent Director
James S. Borland Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CORTEVA INC0.00%21 268