2023-03-14 08:00:07 ET
- Deveron ( OTCPK:DVRNF ) on Tuesday has signed two new enterprise contracts, totaling $9.5M.
- The first contract has a total value of $4M spread over 2 years, via Deveron's subsidiary A&L Canada Laboratories.
- The second contract is for 3-years totaling $5.5M in revenue, of which $2.7M is expected to be recognized in 2023.
- Per the terms, the project utilizes Deveron's vertically integrated soil ecosystem of data collectors and soil labs to measure agricultural carbon in soil.
- The project will primarily focus on our Midwest region in the United States, as well as expand into new territories of pastureland in states such as Montana and Wyoming.
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Deveron secures new enterprise contracts totaling $9.5M