Toronto, Ontario–(1. November 2023) – Deveron Corp. (TSXV: FARM) („Deveron“ or the „Company“), a leading agricultural services and data company in North America, is pleased to announce that A&L Canada Laboratories Inc., a subsidiary of Deveron Corp., has introduced a new testing service for the analysis of per- and polyfluoroalkyl substances („PFAS“) in soil, water, compost, and other matrices. PFAS are a group of synthetic chemicals that have garnered significant attention due to their widespread use and potential environmental and health hazards.
PFAS are commonly used in a variety of industrial and consumer products due to their unique properties such as oil and water resistance, heat resistance, and low surface tension. Common uses include non-stick cookware (e.g., Teflon), water-repellent outdoor gear, food packaging (e.g., fast-food packaging), and firefighting foam. One of the major concerns with PFAS is their persistence in the environment. These chemicals are highly resistant to degradation and can accumulate in soil, water, and living organisms over time. States that have tested and regulated PFAS include Michigan, New Jersey, North Carolina, Minnesota, New York, Vermont, California, Maine, and New Hampshire.
The company has been working with a number of pilot customers for whom PFAS is critical in their downstream customer supply chains. Our experiences in engineering services, water testing, compost, and agricultural soils suggest a potential market opportunity for testing. Currently, there is a backlog in the testing of PFAS and other environmental contaminants as long turnaround times for results limit testing volume. Deveron believes it can significantly improve turnaround times for results for customers while ensuring compliance with North American testing standards.
„PFAS appear to pose a significant threat to the health and well-being of our society,“ said David MacMillan, President and CEO of Deveron Corp. „Due to these growing health concerns, governments are starting to take action to phase out these compounds and set guidelines for acceptable levels in drinking water and soil. We see a growing demand for testing in light of the prevalence of PFAS and further regulations. With our extensive laboratory network, we believe we can be a leader in North America by focusing on delivering high-quality results with industry-leading turnaround times.“
About Deveron: Deveron is an agricultural technology company that utilizes data and insights to help farmers and large-scale farming operations increase yields, reduce costs, and improve operational performance. The company employs a digital process that leverages data collected on farms throughout North America to provide unbiased interpretation of production decisions and ultimately deliver recommendations to optimize the use of inputs. Our team of agronomists and data scientists develop products that provide recommendations for improved management of fertilizers, seeds, fungicides, and other inputs. Additionally, we have a nationwide network of data technicians collecting various types of agricultural data from soil to drone, forming the basis for our premium data layers. We focus on the US and Canada where 1 billion acres are actively farmed annually.
For more information and to join our community, please visit www.deveron.com/investors or reach out to us on Twitter @Deveron.
Phil Linton
VP Corporate Development
Deveron Corp.
mailto:Plinton@deveron.com
Tel: 647-622-0076
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain „forward-looking statements“ within the meaning of the Canadian securities laws. Without limitation, statements regarding the Company’s future plans and objectives are forward-looking statements that are subject to various risks. Forward-looking statements reflect the current views of management regarding potential future events and conditions and are inherently subject to known and unknown risks and uncertainties that may cause actual results or developments to differ materially from those in our forward-looking statements. Although the Company believes that 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. Important factors that could cause the Company’s actual results to differ materially from the forward-looking statements expressed or implied in such forward-looking statements include changes in global prices for agricultural commodities, general market conditions, risks associated with agriculture, the uncertainty of future profitability, and uncertainty of access to additional capital. More information about the material factors and assumptions that were applied in creating these forward-looking statements as well as the various risks and uncertainties we face are detailed in the „Risk Factors“ section of our annual and interim Management’s Discussion and Analysis of our financial results, as well as in other continuous disclosure documents and financial reports that we file with Canadian securities regulatory authorities and are available on SEDAR at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements unless required by applicable law. The Company relies on the safe harbor protection for forward-looking statements.
This news release is a translation of the original English release. We assume no responsibility for the accuracy of the translation. You can view the original release here: https://finance.yahoo.com/news/deveron-corp-announces-launch-pfas-113000054.html
NEWSLETTER REGISTRATION:
Receive current press releases directly to your mailbox from this company:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA25162L1040
Press release transmitted by IRW-Press.com. The issuer is solely responsible for the content of this announcement.
Free reprint with source attribution allowed.
