SANDNES, Norway, Aug. 20, 2024 /PRNewswire/ -- Desert Control AS (DSRT) announces its second-quarter report and interim financial results for the fiscal period ending 30 June 2024.
Desert Control made significant progress in the second quarter of 2024. Technological advancements drove a record number of installations and expanded the U.S. project portfolio, while collaboration with partners advanced key regulatory and operational milestones in the Middle East.
Operational Highlights:
Technological Breakthroughs Drove Record Growth in Installations
Increased Production Capacity: Achieved a sixfold increase in LNC production capacity with a new compact, lightweight prototype, enhancing deployment efficiency and scalability.
Record Number of Installations: Field-testing the new prototype drove a record number of installations, significantly reducing project execution time and costs.
Enhanced Agility and Scale-Up Readiness: The prototype's high capacity and lightweight design improve mobility, opening profitable pathways to more diverse projects and facilitating the transition from pilots to larger deployments.
Increased Pilot Acquisition Rate and Expanded Markets in the United States
Accelerated Pilot Acquisition: Accelerated the pilot acquisition rate, expanding the U.S. project portfolio from 29 to 38 projects, with strong performance in citrus, dates, vineyards, and landscaping.
Direct to Larger-Scale Pilots: Several projects bypassed small-scale tests and moved directly to extended (stage 2) pilots, demonstrating increased market confidence.
Expansion in High-Value Markets: Significant progress in golf courses and sports fields, with multiple new pilots and promising early results, paving the way for larger-scale contracts by year-end.
Accelerated Regulatory Integration and Solidified Position in the Middle East
Regulatory Framework Integration: Progressing toward integrating LNC into regulatory frameworks as a preferred solution for soil and water conservation requirements in the UAE.
Operational Readiness in Saudi Arabia: Both of Desert Control's licensed operators are now fully operational with offices, production capacity, and initial LNC deployments activated.
Strategic Pilots and Deployments: Ongoing pilots and projects with government entities and large enterprises in the UAE and Saudi Arabia are progressing, with additional strategic deployments underway.
Entered New Strategic Partnerships and Strengthened Market Validation
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