Sandnes,
Desert Control today published its Annual Report and
via the Company's website: https://www.desertcontrol.com/investors.
Strategic Shift and Pilot Expansion:
Transitioned to a licensed operator model in the
Operational and Technological Advancements:
Demonstrated a substantial increase in the efficiency and scalability of LNC production and application. Achieved
more than a 2X increase in production capacity for all existing LNC production units and significantly improved the
scalability of LNC application.
Research and Development:
The ongoing 5-year validation program with the
Financial Milestones:
Added over
United States Achievements:
Secured the first commercial LNC rollout with
commercial viability and scalability. Received OMRI (
in compliance with the USDA National Organic Program.
Middle East Momentum:
Finalized strategic partnership agreements, expanding the operational footprint with partners in the
Global Recognition:
LNC received awards and global recognition for innovation in sustainability. Official product approvals and certifications in the
KEY FINANCIAL FIGURES 2023
[2022 in brackets]
Total cash balance
Equity 31.12.2023:
Revenue:
EBITDA:
Loss for the year:
Grants
For more information, please contact:
President and Group CEO
Email: oks@desertcontrol.com
Mobile (NOR): +47 957 77 777
Mobile (
Mobile (
Chief Financial Officer
Email: leonard.chaparian@desertcontrol.com
Mobile (NOR): +47 90 66 55 40
About Desert Control:
Desert Control specializes in climate-smart
desertification, soil degradation, and water scarcity. Its patented Liquid
Natural Clay (LNC) restores and enhances soil ecosystems to reduce water usage
and improve the efficiency of fertilizers and natural resources for agriculture,
forests, and green landscapes. LNC enables sandy and arid soil to retain water
and nutrients, thus increasing crop yields, plant health, and ecosystem
resilience while preserving water and natural resources by up to 50%.
For more about Desert Control, visit https://www.desertcontrol.com
Cautionary Note:
Disclaimer related to forward-looking statements.
This release contains forward-looking information and statements relating to the
business, performance, and items that may be interpreted to impact the results
of Desert Control and/or the industry and markets in which Desert Control
operates.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "aims", "anticipates", "believes", "estimates",
"expects", "foresees", "intends", "plans", "predicts", "projects", "targets",
and similar expressions. Such forward-looking statements are based on current
expectations, estimates, and projections, reflect current views concerning
future events, and are subject to risks, uncertainties, and assumptions, and may
be subject to change without notice. Forward-looking statements are not
guaranteeing any future performance, and risks, uncertainties, and other
important factors could cause the actual business, performance, results, or the
industry and markets in which Desert Control operates in, to differ materially
from the statements expressed or implied in this release by such forward-looking
statements.
No representation is made that any of these forward-looking statements or
forecasts will come to pass or that any forecasted performance, capacities, or
results will be achieved, and you are cautioned not to place any undue reliance
on any forward-looking statements.
Annual Report 2023
The information enclosed is subject to the disclosure requirements pursuant to
sections 5-12 in the Norwegian Securities Trading Act
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