Deveron Corp. Signs Multi-Year, Multi-Million Dollar Enterprise Contract for Use of Carbon Services Platform
October 19, 2021 at 08:23 am EDT
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Deveron Corp. announced 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. 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: 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.
Deveron Corp. is an agriculture technology company. The Companyâs operating segment include data acquisition services and data analytics sector in Canada and in the United State of America. It uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. It provides full service from collection to soil and analysis. The Company provides a range of services, including field services, laboratory services, and agronomic insights. Its filed services include soil fertility sampling, soil mapping, agriculture drone services, and field boundary mapping. The Companyâs SoilOptix is a premium topsoil analysis system that sets the standard for accuracy and precision in agriculture. Its laboratory services include soil testing and analysis, plant tissue testing, and soil health. Its agronomic insights include soil insights, script insights, image insights, trial analysis, and profit mapping.