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Desert Control Secures Agreement with Woodland Hills Country Club for Deployment of Water Conservation Technology
09 Dec 2024 06:00 CET
Issuer
Desert Control AS
Sandnes, Norway, 9 December 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 Woodland Hills
Country Club (WHCC) for the deployment of Desert Control's proprietary water
conservation solution across 43 acres of WHCC's golf course located in Woodland
Hills, California.
The agreement is structured around an outcome-based business model that
generates monthly recurring revenue (MRR) for Desert Control, calculated on
achieved water savings with aligned incentives between both parties to maximize
results. The total contract value for Desert Control has the potential to exceed
NOK 8.5 million, contingent on achieving a minimum of 25% water savings over
five years, representing significant economic benefits for Woodland Hills
Country Club, as water cost has become by far the largest operational expense
and continues to rise every year.
"We are honored to collaborate with Woodland Hills Country Club, a partner with
deep historical roots in the golf industry that shares our vision for
sustainability and responsible water management," said Ole Kristian Sivertsen,
CEO of Desert Control. "By adopting our water conservation solution, the club
makes a forward-thinking leap toward reducing water consumption while
maintaining premium turf quality, aligning environmental stewardship with
economic benefits."
The agreement includes implementing Desert Control's water conservation
technology across all fairways, tees, and roughs of the golf course. The rollout
is scheduled to coincide with the club's regular turf aeration and maintenance
activities, targeted for April 2025. Desert Control's solution enhances soil's
water retention capacity, enabling reduced irrigation needs without compromising
turf health or playability.
"This agreement is vital for the long-term economic sustainability of our club,"
said Rick Stegall, General Manager of Woodland Hills Country Club. "As stewards
of a 100-year-old historic property, we are responsible for conserving
resources, contributing to our local community, and protecting this cherished
land for future generations. Water conservation is not just an environmental
goal but a financial imperative, ensuring we can continue to operate efficiently
while providing a premium experience for our members."
This collaboration reinforces Desert Control's ability to deliver measurable
impact through outcome-based business models.
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
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
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.
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