Deveron UAS Corp.
CSE : DVR
CSE : DVR.CN
CNSX : DVR

Deveron UAS Corp.

May 29, 2017 07:00 ET

Deveron Receives National Approval to Operate Drones Across Canada

TORONTO, ONTARIO--(Marketwired - May 29, 2017) - Deveron UAS Corp. (CSE:DVR)(CSE:DVR.CN)(CNSX:DVR) ("Deveron" or the "Company"), is pleased to announce that it has been granted approval as a Compliant Operator under its Special Flight Operations Certificate ("SFOC") for the operation of a small unmanned airborne vehicle ("UAV" or "Drone") system within visual line-of-sight, issued under the authority of the Minister, Transport Canada, pursuant to the Aeronautics Act. The certificate is valid for aerial data collection and surveying throughout Canada, and meets the highest level of approvals under Transport Canada's regulatory environment related to UAV activities.

Deveron is one of the first companies in the country to receive this Compliant status as well as one of the first to receive Compliant approval using the senseFly eBee UAV system.

"Our focus is to grow a standardized network of drones to enable scalable data collection at the enterprise level in agriculture," commented Deveron's Co-founder and Head of UAS Agriculture, Norm Lamothe. "Being one of the first nationally compliant operators in Canada is a huge achievement for us and we look forward to continuing to provide commercial feedback in safely operating a national drone data service company. Additionally, we couldn't be more thrilled to achieve compliance with the senseFly platform and are excited about continuing to bring their global leadership in the drone space directly to our customers".

"This award of national compliance is excellent news for Deveron UAS. The company has rapidly become a major and respected player on the North American agricultural scene and its SFOC will give it the flexibility required to continue servicing clients at scale," said Jean-Christophe Zufferey, the CEO of senseFly. "From our side, we are delighted to play a small part in the company's ongoing success through producing fleet-friendly, end-to-end eBee drone platforms that Deveron's team can rely on for accurate, consistent data collection across Canada and beyond."

About Deveron UAS:

Deveron is a Transport Canada Compliant Operator enterprise drone data services company focused on agriculture, offering the opportunity to increase yields and reduce costs using sophisticated Unmanned Aerial Systems ("UAS" or "drones"), sensors, software and analytics. Deveron's drone data service network allows enterprise level customers to obtain on-demand, actionable data without exposure to technology and capital risks. The Company is focused on building a standardized constellation of drones and sensors to provide data in North America.

For more information and to join our community, please visit www.deveronuas.com

This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes 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. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.

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