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    DGB   NL0009169515

DGB GROUP N.V.

(DGB)
Real-time Quote. Real-time Euronext Amsterdam - 09/23 10:55:36 am
1.17 EUR   +3.54%
09/15DGB N : Results of DGB's Annual General Meeting
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

DGB N : acquires specialist data science and artificial intelligence tech company to deliver smart reforestation and ecosystem restoration projects

04/13/2021 | 02:34am EDT

Dutch Green Business Group N.V. (Euronext: DGB, 'DGB' or 'the Group'), a leading reforestation and carbon offsetting company, announces that it has acquired a strategic controlling stake of 75% in software development company, Statix Artificial Intelligence B.V. (¨Statix¨) that specialises in innovative blockchain certification and disruptive advanced technology development.

Statix harnesses artificial intelligence, blockchain, big data and drone technology to validate, measure and help deliver ecological projects for ecosystem restoration. Statix has operations in The Netherlands and India and will operate under the DGB Group umbrella of companies. It will focus on building the most advanced powerful technological tools for ecosystem restoration and smart reforestation by using advanced data science, blockchain, machine learning, satellite imagery and drone technology to assist in the rehabilitation of land and restore biodiverse ecosystems at scale.

This acquisition is a key part of DGB's strategy to offer world leading verification, certification and trading of carbon offsets - alongside an ability to offer customers a proven and highly transparent way of reforesting effectively at scale.

As such Statix will focus on creating a marketplace for reforestation project developers to showcase their projects and as a tool to fund their project, as well as for B2B and B2C customers to buy trees and accumulate credits or neutralise their offsets.

The software development team will work on blockchain certification standards for DGB or third parties to use for the incubation, validation and maintenance of nature-based environmental projects. Utilising encrypted blockchain, DGB will facilitate a trading platform for nature offset tokens providing complete transparency and accountability.

Statix is aiming to launch trading in the cryptocoin, named Quadtreelium, within the next six months.

In addition, Statix will combine the data from a dense sensor network, on ground drone sensors, geostationary and orbital satellites, along with machine learning models trained on historical data to perform extremely high resolution data collection in order show DGB and its customers the vegetation, species, condition and erosion characteristics of every square metre of land in their nature-based solutions portfolio.

Selwyn Duijvestijn, Chief Executive of DGB Group said: ¨We are committed to a high-tech approach to nature restoration, harnessing the latest smart technologies to secure the best outcomes for the business, its customers and ultimately the planet. Every stage of our nature restoration projects will benefit from this approach from detailed analysis at the start, to using specialised machines to mechanically speed up the planting of biodiverse species, to monitoring plant growth with drones and satellite imagery. When planting trees, we aim for quality, scale, speed and high survival rates. Together with Statix we can develop technologies that allow us to reforest thousands of hectares in a single planting session, including a GPS enabled automated-planting system to drive speed and efficiency in the field.'

DGB's vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact. DGB is underpinned by the value of the carbon offsets it is generating and the inherent asset value of the underlying land in which it is investing. DGB plans to reforest the world's land at scale and bring back nature where it cannot return unaided. DGB's strategy is focused on the following:

  • Locate and secure land
  • Protect and plant trees
  • Verify and certify carbon offsets
  • Sell the carbon offsets
  • Land management
Links: About DGB:

Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB's strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB's vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact.

Contact details:

Dutch Green Business Group N.V.
Selwyn Duijvestijn, Chief Executive
+31(0)20 8080825 (NL)
+44(0)20 8064 0936 (EN)
press@dgb.earth

Disclaimer:

This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions . These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.

Disclaimer

DGB Group NV published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 06:34:06 UTC.


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Financials
Sales 2020 1,69 M 1,98 M 1,98 M
Net income 2020 -0,01 M -0,01 M -0,01 M
Net cash 2020 0,16 M 0,19 M 0,19 M
P/E ratio 2020 -549x
Yield 2020 -
Capitalization 10,8 M 12,6 M 12,6 M
EV / Sales 2019 0,80x
EV / Sales 2020 3,23x
Nbr of Employees 78
Free-Float 35,5%
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Managers and Directors
Selwyn A. M. Duijvestijn Chief Executive Officer & Executive Director
H. Hakvoort Head-Finance
L. Sharma Head-Technology
John Mappin Chairman-Supervisory Board
Irina Kudenok-Mappin Member-Supervisory Board
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