14:00:58 EDT Thu 02 May 2024
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Deveron Corp
Symbol FARM
Shares Issued 156,413,686
Close 2024-02-06 C$ 0.20
Market Cap C$ 31,282,737
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Deveron to provide PFAS testing for remediation company

2024-02-07 11:37 ET - News Release

Mr. David MacMillan reports

DEVERON PASSES 2-STAGE PILOT AND ONBOARDS NEW PFAS ENTERPRISE CUSTOMER

Deveron Corp. is onboarding a new enterprise contract with a prominent player in per- and polyfluoroalkyl substances (PFAS) remediation in water. PFAS are synthetic chemicals that have garnered significant attention due to their widespread use and potential environmental and health concerns.

After completing a two-stage pilot program, during which the client sent calibrated samples to ensure that Deveron's subsidiary, A&L Laboratories Canada, met specific measurement comparison goals, the company and the client have agreed to utilize A&L for its internal testing needs. This will assess the success of its PFAS water removal technology.

PFAS have found use in a wide range of industrial and consumer products due to their unique properties, including oil and water repellency, heat resistance, and low surface tension. Common applications include non-stick cookware, water-repellent outdoor gear, food packaging (for example, fast-food wrappers) and firefighting foam. One of the most significant concerns with PFAS is their persistence in the environment -- these chemicals do not easily break down and can accumulate in soil, water and living organisms over time. Noteworthy states where PFAS testing, and regulation, have commenced include Michigan, New Jersey, North Carolina, Minnesota, New York, Vermont, California, Maine and New Hampshire.

"PFAS testing presents a very exciting opportunity for Deveron," commented David MacMillan, Deveron's president, and chief executive officer. "A&L's history of both scientific quality and timely turnaround of agricultural soil samples will provide the company with advantages as it enters this new and growing market. With increasing federal regulation and growing societal concern, we see this as a great opportunity to become a leader in the market and support our community."

About Deveron Corp.

Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. The company's team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide and other farm inputs. Additionally, Deveron has a national network of data technicians who are deployed to collect various types of farm data, from soil to drone, that build a basis of the company's best-in-class data layers. Deveron's focus is the United States and Canada, where one billion acres of farmland are actively farmed annually.

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