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Desert Control AS ( (DE:8KT) ) has provided an update.
Desert Control AS reported significant progress in its operations during Q1 2025, highlighted by the largest application of its Liquid Natural Clay (LNC) technology to date, treating over nine thousand medjool date trees. The company also secured a multi-year service agreement with Woodland Hills Country Club and saw positive developments in the Middle East market. Financially, Desert Control experienced revenue growth but faced a decrease in cash reserves, with expectations of a tenfold increase in contracted revenues and LNC volumes in the future.
More about Desert Control AS
Desert Control develops innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. The company’s mission is to combat desertification, soil degradation, and water scarcity through its patented Liquid Natural Clay (LNC) technology, which transforms sandy soils to retain water and nutrients, improving crop yields and ecosystem vitality.
YTD Price Performance: 29.43%
Average Trading Volume: 115,894
Current Market Cap: NOK368.7M
Learn more about 8KT stock on TipRanks’ Stock Analysis page.