Desert Control enters into strategic agreement for Middle East operations
ISSUER DESERT CONTROL AS Sandnes, Norway, 22 June 2023Desert Control AS (DSRT) ("Company") today announces that it, pursuant to theongoing strategic review, has entered into agreements with Mawarid HoldingInvestment LLC and Mawarid International Investment LLC (jointly referred to as"Mawarid") to change its go-to-market and business model for the Middle Eastregion by transitioning to a royalty-based licensed operator structure. Thechange of business model aims to unlock cash and reduce operating costs forDesert Control. The pivot towards a licensing model will leverage