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

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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 Complete Golf Course: On November 8th, Desert Control signed an agreement with Berkeley Country Club with potential value exceeding NOK 6 million under a new outcome-based business model, marking the first commitment for full-course LNC deployment in the U.S.Agricultural Gains: Harvest data from an LNC-treated date farm in Arizona showed nearly double the yield, underscoring LNC’s economic impact on high-value permanent crops and supporting Desert Control’s agricultural market expansion.

First Licensing Royalties from the Middle East

Revenue Milestone: Desert Control recorded its first licensing royalties from the Middle East. While modest, this revenue marks the beginning of a scalable revenue stream following the strategic shift to a royalty-based licensed operator model for the region. New Contracts and Expanding Pilots: A new contract for 1.8 million liters of LNC was secured for a UAE real estate project. Landscape nursery pilots in the UAE and Saudi Arabia demonstrate LNC’s effectiveness in the growing sustainable landscape management sector.

R&D and Technology Advancements Strengthen Delivery Capabilities for Current and Future Pipeline

Syngenta Partnership Accelerates R&D: Collaboration with Syngenta has shown promising lab results of synergies with LNC. Field trials in the Middle East, set for Q4 2024, aim to further validate the impact on soil health, crop yields, and water efficiency.Next-Gen Production System Progress & Siemens Partnership: Development of the next-generation LNC production system is on track, with capacity nearing the targeted 120,000 liters per hour. Achieving this milestone capacity will unlock large-scale opportunities that require high volumes within short time windows, enabling projects previously out of reach.

Financial Highlights:
In the first nine months of 2024, Desert Control reached a record number of installations, increased LNC deployment volumes, and more than doubled LNC revenue compared to the previous year. These achievements highlight enhanced operational efficiency driven by the new prototype LNC production system, streamlined integration with irrigation systems, and insights gained from pilots and prior projects.

Revenue Increase: Year-to-date LNC revenue totaled NOK 1.88 million, more than doubling from the same period in 2023. Total revenue and other income for Q3 2024 was NOK 0.18 million, up from NOK 0.01 million in Q3 2023.EBITDA Improvement: For the first nine months of 2024, EBITDA improved to NOK -44.95 million from NOK -60.81 million in the same period last year. Q3 2024 EBITDA was NOK -14.16 million, an improvement from NOK -17.9 million in Q3 2023, driven by efficiencies from transitioning to the licensed operator model.Cash Position: The company ended the quarter with a cash balance of NOK 75 million, compared to NOK 35 million at the same time last year. The company continues to operate with no interest-bearing debt.

The growth in project volume and LNC deployment, combined with improved EBITDA figures, underscores the enhanced efficiency of operations. The ability to handle larger volumes at a reduced cost base positions Desert Control to maintain healthy margins as the company scales up. 

Outlook:

With solid progress in the U.S. and Middle East, Desert Control is positioned to transition pilot projects into larger contracts and expand LNC adoption in the year ahead. The upcoming readiness of the next-generation LNC production system, solid R&D progress to expand LNC’s impact on soil health, and strengthened partnerships will further strengthen the company’s foundation and accelerate progress in bringing economical, scalable, and sustainable solutions for soil health and water conservation to global markets. Looking ahead, 2025 is set to be another year of significant breakthroughs for Desert Control. 

Q3 Report 2024: 

The information enclosed is subject to the disclosure requirements pursuant to sections 5-12 of the Norwegian Securities Trading ActThe report and materials can also be downloaded from the company webpage: https://desertcontrol.com/investors/

Cautionary Note:

Disclaimer related to forward-looking statements.

This release contains forward-looking information and statements relating to the business, performance, and items that may be interpreted to impact the results of Desert Control and/or the industry and markets in which Desert Control operates.

Forward-looking statements are statements that are not historical facts and may be identified by words such as “aims,” “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “predicts,” “projects,” “targets,” and similar expressions. Such forward-looking statements are based on current expectations, estimates, and projections, reflect current views concerning future events, and are subject to risks, uncertainties, and assumptions, and may be subject to change without notice. Forward-looking statements are not guarantees of any future performance, and risks, uncertainties, and other important factors could cause the actual business, performance, results, or the industry and markets in which Desert Control operates to differ materially from the statements expressed or implied in this release by such forward-looking statements.

No representation is made that any of these forward-looking statements or forecasts will come to pass or that any forecasted performance, capacities, or results will be achieved, and you are cautioned not to place any undue reliance on any forward-looking statements. 

For more information, please contact:

Ole Kristian Sivertsen
President and Group CEO
Email: oks@desertcontrol.com 
Mobile (NOR): +47 957 77 777
Mobile (USA): +1 650 643 6136

Leonard Chaparian
Chief Financial Officer
Email: leonard.chaparian@desertcontrol.com 
Mobile (NOR): +47 90 66 55 40

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/desert-control-as/r/desert-control-released-its-q3-2024-report-on-15-november-2024-and-provides-access-to-company-update,c4067584

 

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HKU holds Entrance Scholarships Award Ceremony for 2025-26

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HONG KONG, May 5, 2026 /PRNewswire/ — The University of Hong Kong (HKU) recently held the HKU Entrance Scholarships Award Ceremony to recognise the outstanding academic and non-academic achievements of students admitted to the University in the 2025-26 academic year.

Over 700 student awardees, parents, and guests attended the ceremony, which was officiated by Professor Xiang Zhang, President and Vice-Chancellor of HKU. In his welcoming remark, Professor Zhang said that the University was establishing a new AI Hub initiative to fundamentally transform the way of teaching with the integration of AI. Noting that AI development might drastically redefine education and certain professions within the next decade, he encourages students to be creative and equip themselves as future pioneers to help drive the transformation.

Benefactors of the ‘Hon Ping Entrance Scholarship for Nigerian Students,’ ‘Jardine HKU Scholarship,’ ‘Lee Shau Kee Top Athletes Scholarships,’ ‘QRT-HKU Scholarship,’ ‘Rosita King Ho Scholarship,’ ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ and ‘The Hong Kong Jockey Club Striding On Scholarship,’ as well as Professor Jay Siegel, Vice-President and Pro-Vice-Chancellor (Teaching and Learning) at HKU, and Professor Ian Holliday, Registrar at HKU, were among the guests of honour who presented awards to the students.

Representatives from 11 Consulates-General, including Bangladesh, India, Indonesia, Mongolia, Myanmar, Nigeria, Pakistan, the Philippines, Turkey, Thailand, and Vietnam, attended the event to extend their warm wishes to the student awardees. Representatives from over 30 local secondary schools were also present to celebrate with their former students.

The students awarded have excelled in a variety of fields. They include 55 President’s Scholars. Other scholarships awarded include ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ for students with exceptional academic achievements; the ‘Lee Shau Kee Top Athletes Scholarship,’ for outstanding young athletes admitted to HKU through the ‘Top Athletes Direct Admission Scheme’; and the ‘Belt and Road Scholarship,’ which recognises students coming from Belt and Road countries.

In addition to expressing their happiness at receiving the scholarships, the awardees also look forward to their university life and future career endeavours.

João Davi de Morais, recipient of the HKU Scholarship for Future Leaders from the Bachelor of Arts in Humanities and Digital Technologies programme, emphasised the transformative impact of the scholarship in enabling him to become the first person in his community to pursue international higher education. Raised in Brazil’s seventh-largest vulnerable community, João is a strong advocate for education for underprivileged youth. He presented his journalism work on Brazilian early childhood education at the 80th United Nations General Assembly, where he met the Brazilian Minister of Education and contributed to the announcement of new daycare centres in his home state. João hoped his story would inspire low-income youth to pursue education as a path beyond social barriers, and he remains committed to creating positive change in education as a young leader.

Awarded the HKU Undergraduate Entrance Scholarship for President’s Scholars and currently pursuing the Bachelor of Engineering Elite Programme, Aryan Sokhiya recounted his high school project developing and pitching a gamified platform to address plastic litter. This experience inspired him to see engineering as a discipline that can transform ideas into scalable, real-world impact by connecting people, ideas, and purpose. Aryan expressed his appreciation for HKU’s interdisciplinary approach to tackling technological challenges and thanked the scholarship for providing not only financial support but also opportunities for intentional personal growth.

As a recipient of the Lee Shau Kee Top Athletes Scholarship and a long-jump athlete representing Hong Kong at the 15th National Games of China and the Asian Athletics Championships, Jia Wai Yin Tiffany is now pursuing the Bachelor of Biomedical Sciences. Tiffany shared her unique educational journey as a student-athlete. She credited the perseverance and resilience developed through sports for her academic success and expressed deep gratitude to the University and scholarship for providing flexibility, guidance, and support as she continues to pursue excellence in both athletics and academics.

Naziba Sayem, recipient of the Belt and Road Scholarship from Bangladesh and a Bachelor of Science student, highlighted her mother’s resilience in battling a rare autoimmune disease as the inspiration behind her pursuit of Molecular Biology and Biotechnology at HKU. Despite financial constraints, her parents’ unwavering support for her education encouraged Naziba to remain ambitious and hopeful. As a Belt and Road Scholar, she is proud to represent her country and the spirit of the initiative. Naziba hopes to leverage her education at HKU to contribute to research in Bangladesh and inspire others to overcome challenges, pursue their dreams, and further the values of global cooperation.

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MSEED and SCOPE Global Skills University Sign Strategic Partnership to Shape the Future of Experiential Marketing Education

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MUMBAI, India and BHOPAL, India, May 5, 2026 /PRNewswire/ — Premium education institute MSEED (The Management School of Events and Experience Design) today partnered with SCOPE Global Skills University, Bhopal, to introduce a two-year MBA in Event Management and Experiential Marketing.

Besides boosting students academically, this association intends to equip them with the evolving demands of events and the experiential marketing ecosystem. Furthermore, the collaboration will be fueled by industry expertise and academic structure, helping students build a career in the fast-growing fields of events, entertainment, and experiential marketing.

At a time when experiential marketing is ‘evolving from a tactical activation to a strategic growth engine for brands’, this collaboration serves right.

Speaking on this exclusive partnership between MSEED and SCOPE, Joshua Newman, Vice-President – Marketing & Partnerships, MSEED, said, “Our focus has always been on outcomes, not just education. This partnership allows us to extend that vision by working with SCOPE Global Skills University to create a program that prepares students for real careers. From curriculum to classroom delivery and industry exposure, every aspect is designed to ensure that students graduate with confidence, clarity, and practical experience.”

The MBA program is designed to:

Provide a recognized postgraduate qualification with a specialized focusBuild practical skills through real-world projects and case studiesOffering industry interaction, mentorship, and exposureSupport students with internship and placement opportunities

Dr. Vijay Singh, Vice Chancellor of SGSU, hailed the launch as a landmark moment for the city. “This is a remarkable event not just for our university, but for the city of Bhopal. We are witnessing a paradigm shift in how specialized education is delivered in Madhya Pradesh. By launching this MBA in Event Management, we are providing our youth with a platform to master the art of execution, creativity, and management right here in their home state,” he said.

The partnership was formally cemented through the signing of an agreement between the two institutions in the esteemed presence of Mangubhai C. Patel, the current and 19th Governor of Madhya Pradesh, marking a significant milestone in the evolution of industry-integrated education in India.

For more information on events and experiential marketing, please visit our website.

Media Contacts:
For media inquiries, please contact
Tasneem Limbdiwala
tasneem@mseededucation.com 

About MSEED

MSEED, a part of EVA Group, India’s one of the largest live event companies, and backed by 200 odd industry veterans, the institute brings with it deep-rooted industry expertise and real-world insights. It is a creative business institute designed for the next generation of storytellers, strategists, producers, and brand builders. The mission is not just to prepare students for jobs, but to lead industries. 

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ADECCO GROUP DIVIDEND 2026: ANNOUNCEMENT OF FINAL TERMS

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AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

Group press release

Scrip dividend take-up rate of 53.01%Reference share price of CHF 18.02, with an issue price of CHF 16.945,268,324 new shares to be issued

ZURICH, May 5, 2026 /PRNewswire/ — Adecco Group’s Annual General Meeting, held on April 15, 2026, offered its shareholders the option to receive the 2025 dividend in cash or in new Adecco Group shares.

The Adecco Group announces today that 53.01% of the dividend for the financial year 2025 was elected to be paid in the form of new Adecco Group AG shares, while the remaining 46.99% will be paid out in cash.

The reference share price was set at CHF 18.02, based on the daily volume-weighted average price of existing Adecco Group AG shares traded on the SIX Swiss Exchange between April 21, 2026 and May 4, 2026. The issue price of the new shares of CHF 16.94, was set at a 6.0% discount to the reference share price, resulting in a conversion ratio of 16.940.

5,268,324 new Adecco Group AG shares will be issued through a capital increase for the scrip dividend. The delivery of new shares and the total CHF 79 million cash dividend payment is planned for May 7, 2026.

Denis Machuel, Adecco Group CEO, commented:

“We are pleased with the take-up of our scrip dividend and thank our shareholders for their partnership and support of the Group’s strategy. We remain focused on ensuring an attractive and sustainable dividend policy, delivering attractive returns to our shareholders while retaining financial flexibility to invest in our competitive differentiators and prioritize deleveraging.”

Adecco Group will be reporting its first quarter results on May 13, 2026.

The Adecco Group is the world’s leading talent and technology expertise company. Our purpose is making the future work for everyone. Through our three global business units – Adecco, Akkodis and LHH – across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to fostering sustainable employability and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

For further information please contact:

Investor Relations
investor.relations@adeccogroup.com
+41 (0)44 878 88 88

Press Office
media@adeccogroup.com
+41 (0) 79 876 09 21

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SOURCE The Adecco Group

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