Desert Control announces strategic review
ISSUER
DESERT CONTROL AS
Sandnes, Norway, 27 April 2023
Desert Control AS (DSRT) ("Company") announces that its Board of Directors (the
"Board") has appointed Arctic Securities and Pareto Securities ("Financial
Advisors") to explore strategic options available to the Company.
The Board has initiated this review aiming to optimize shareholder value and to
secure funding to pursue the Company's growth strategies. With the support of
its Financial Advisors, the Company aims to explore a broad range of strategic
alternatives, including financing, structural and business development
opportunities.
No assurances can be given as to the outcome or timing of the review process.
Desert Control does not intend to make any further public comment regarding the
review until it has been completed or the Company determines that disclosure is
required or appropriate.
For further inquiries, please contact:
Ole Kristian Sivertsen
President and Group CEO, Desert Control
oks@desertcontrol.com
About Desert Control:
Desert Control specializes in climate-smart AgTech solutions to combat
desertification, soil degradation, and water scarcity. Its patented Liquid
Natural Clay (LNC) restores and enhances soil ecosystems to reduce water usage
and improve the efficiency of fertilizers and natural resources for agriculture,
forests, and green landscapes. LNC enables sandy and arid soil to retain water
and nutrients, thus increasing crop yields, plant health, and ecosystem
resilience while preserving water and natural resources by up to 50%.
For more about Desert Control, visit https://www.desertcontrol.com