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- Desert Control Secures Binding Agreement With Berkeley Country Club For Golf Course Deployment of Its Water Conservation Technology
Desert Control Secures Binding Agreement with Berkeley Country Club for Golf Course Deployment of its Water Conservation Technology
08 Nov 2024 07:31 CET
Issuer
Desert Control AS
Sandnes, Norway, 8 November 2024 - Desert Control AS ("DSRT" or "the Company"),
a leader in soil and water conservation technology, has signed an agreement
through its U.S. subsidiary, Desert Control Americas Inc., with Berkeley Country
Club for the phased deployment of Desert Control's water conservation technology
at the Country Club's prestigious golf course located in the Berkeley Hills
above the community of El Cerrito, California.
This agreement, subject to successful initial validation phases, aims to
implement Desert Control's water conservation technology across the entire 63
-acre golf course. This marks a significant milestone for Desert Control, as its
first commitment to a full-course deployment in the United States.
The agreement's structure includes initial validation stages to ensure the
technology's efficacy on Berkeley Country Club's golf course. Based on
successful outcomes, full deployment is anticipated in the second half of 2025.
The agreement is based on an outcome-based business model that generates monthly
recurring revenue (MRR) for Desert Control calculated on achieved water savings.
Subject to the successful outcome, the contract value over the initial five-year
agreement term has the potential to exceed NOK 6 million for the Company, with
significant economic value creation for Berkley Country Club driven by future
water savings.
"Our collaboration with Berkeley Country Club is a milestone in bringing Desert
Control's water conservation solutions to the U.S. golf market," said Ole
Kristian Sivertsen, CEO of Desert Control. "We are honored to partner with this
prestigious golf club driven by shared goals to achieve substantial water
savings, economic, and sustainability benefits, providing the golf industry with
a leading example of progress on the path toward responsible resource management
and an even greener sport."
"We are excited to partner with Desert Control in pioneering a sustainable
future for the golf industry," said Jeff Perry, General Manager of Berkeley
Country Club. "We are strongly committed to environmental stewardship and the
responsible use of water and natural resources. By adopting Desert Control's
innovative water conservation solution, we aim to improve water retention in the
soil, allowing us to irrigate less frequently without changing the course's turf
conditions. By using less water, we benefit both the environment and our bottom
line."
Desert Control's technology enhances soil's long-term water-holding capacity,
allowing golf courses to reduce irrigation needs while maintaining turf quality.
This aligns with the industry's growing focus on sustainable practices and
operational cost efficiency.
For more information, please contact:
Ole Kristian Sivertsen
President and Group CEO
Email: oks@desertcontrol.com
Mobile (NOR): +47 957 77 777
Mobile (USA): +1 650 643 6136
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
guarantees of 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 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. Readers are cautioned not to place any undue reliance
on any forward-looking statements.
About Desert Control:
Desert Control develops innovative solutions to enhance soil health, conserve
water, and promote ecosystem resilience. The company's mission is to combat
desertification, soil degradation, and water scarcity. Our patented soil and
water conservation solution transforms sandy, fast-draining soils to retain
water and nutrients, improving soil and plant health, yields, and ecosystem
vitality while saving water. Desert Control provides customized solutions to
strengthen sustainability, profitability, and prosperity for agriculture,
forests, and green landscapes. In collaboration with partners and clients, we
aim to preserve natural resources, restore biodiversity, enhance food security,
and ensure a climate-resilient future.
For more information, visit https://www.desertcontrol.com
More information:
Access the news on Oslo Bors NewsWeb site
Source
Desert Control AS
Provider
Oslo Børs Newspoint
Company Name
DESERT CONTROL AS
ISIN
NO0010963275
Symbol
DSRT
Market
Euronext Growth