Desert Control Released its Q3 2024 Report on 15 November 2024 and Provides Access to Company Update Webcast Materials By Investing.com

SANDNES,  Norway, Nov. 18, 2024 /PRNewswire/ — The company update webcast was hosted on 15 November 2024 at 10:00 AM (CET).

Please find below links to Desert Control’s Q3-2024 Report and Year-to-Date Company Update materials:

• Q3-2024 Report and Interim Financial Results “ Report:  https://go.desertcontrol.com/dsrt2024q3report  
• Q3-2024 and YTD Company Update “ Presentation:  https://go.desertcontrol.com/dsrt2024q3presentation  
• Q3-2024 Company Update “ Webcast Presentation Recording “ Replay:  https://go.desertcontrol.com/dsrt2024q3recording  
• Q3-2024 Company Update “ Webcast and Q&A “ Written Transcript:  https://go.desertcontrol.com/dsrt2024q3transcript

(Note: the transcript includes a complete Q&A recap with written answers to all questions of the extensive Q&A session and includes both the questions that time allowed cover in the webcast plus all additional submitted questions).

DSRT Q3 and YTD 2024: Company Update Summary

Desert Control continued its positive momentum in the third quarter of 2024, achieving milestones in market expansion and pilot progress, as well as generating its first licensing revenues from the Middle East. The company has year to date more than doubled deployed  LNC volume, revenue, and pipeline value compared to the same period in 2023. Based on the current development of pilots and sales pipeline supported by groundbreaking technological advances, the company anticipates multiple complete golf courses fully deployed in 2025, several phase 2 deployments in high-value agriculture in the United States, and growing revenue streams from the Middle East.

The past quarter saw strong results from pilots in agriculture and landscaping, supporting negotiations for larger commercial projects in the United States. Growing traction in the Middle East further strengthens the foundation for growth under the royalty-based licensed operator model. Further, the post-quarter event of securing commitment for the first full-scale golf course deployment under a new outcome-based business model marks an important milestone.

Operational Highlights:

Solid Pilot Results Strengthen Validation and Support Negotiations for Larger Contracts in the United States

• Landscaping Success in the U.S.: Landscaping pilots in California achieved over 25% irrigation savings, with some clients reporting water reductions exceeding 50%. These results drive negotiations for larger contracts as high water costs continue to rise.
• First Contract for a…