Business and Financial Review • Sep 30, 2021
Business and Financial Review
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Non-regulatory press release
Factory Acceptance Test (FAT) of the two new units was completed on 26 September 2021, and field operation will commence in October as planned. The unit performance is according to previously announced specifications, increasing the company's LNC production capacity by 30,000 liters per hour.
Desert Control maintains its ambition to increase LNC production capacity by another 120,000 liters per hour by the end of the year with the additional completion of two production clusters consisting of four units each.
Ole Kristian Sivertsen Chief Executive Officer Email: [email protected] Tel (NOR): +47 957 77 777 Tel (UAE): +971 52 521 7049
Desert Control is a company specialized in climate-smart agri-tech solutions to combat desertification, soil degradation, and water scarcity. Its patented Liquid Natural Clay restores and protects soil, reducing water usage for agriculture, forests, and green landscapes.
Liquid Natural Clay (LNC) enables sand and degraded soil to retain water and nutrients. LNC increases crop yields while reducing water and fertilizer consumption by up to 50%.
Read more at: https://www.desertcontrol.com
This announcement may contain forward-looking statements relating to inter alia the business, financial performance and results of the company and the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts. Any forwardlooking statements contained in this announcement, including assumptions, opinions and views of the company or cited from third party sources, are solely opinions and forecasts and are subject to risks, uncertainties and other factors that may cause actual results and events to be materially different from those expected or implied by the forward-looking statements. The company cannot provide any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of opinions expressed in this announcement or the actual occurrence of forward-looking statements.
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