Deveron UAS Establishes Advisory Board

TORONTO, ONTARIO–(Marketwired – Nov. 23, 2017) – Deveron UAS Corp. (CSE:DVR)(CSE:DVR.CN)(CNSX:DVR) (“Deveron” or the “Company“) is pleased to announce that it has established an Advisory Board with the initial appointments of Dr. Ian Grant and David F. Masotti. Dr. Grant and Mr. Masotti bring with them a tremendous amount of experience and success in agriculture, technology, and capital markets.

Dr. Grant started his agriculture career in 1984 working for Allelix Crop Technologies. In 1991, he joined Pioneer Hi-Bred as a Canola Research Director before transferring to corn research in 1997. Shortly after, he became the Product Commercialization and Characterization Director for Europe, located in Toulouse, France and was then appointed Worldwide Director in 2000. He was named Pioneer Vice President, Maize Product Development in 2002 and appointed President of Pioneer Hi-Bred Limited Canada in 2007. In 2008 Ian was named Business Director for the Canada Business Unit. He is a former Chairman of the Board of Directors of Crop Life Canada and a former board director of the Canola Council of Canada. He earned a doctorate in plant breeding and genetics from the University of Guelph.

Mr. Masotti has an Electrical Engineering Degree from Queen’s University and an MBA from the Harvard Business School. Mr. Masotti was a member of the board of directors of COM DEV International Ltd., a former TSX company that specialized in satellite technology and was acquired by Honeywell in 2015 for CAD$415 m. Mr. Masotti is currently a member of the board of Firan Technology Group (TSX:FTG), a leading North American manufacturer of high technology printed circuit boards and precision illuminated display systems. Mr. Masotti is also the co-founder and a Director of Defyrus Inc., a life sciences biodefence company.

Previous positions include President of Rogers Telecom Inc., President of Spar Space Systems, a manufacturer of space robotics and satellite components and systems, and Vice President and General Manager of Rogers WAVE™ (@HOME), a provider of high speed internet services. Mr. Masotti is also a recipient of the Top 40 Under 40 business achievement award.

“We are thrilled to welcome Ian and David as the first members of our new Advisory Board,” commented David MacMillan, President & CEO of Deveron. “It is an exciting time for our Company and we look forward to leveraging their expertise in continuing to help us scale Deveron’s service offering in North America.”

Ian Grant commented, “I have spent 30 years trying to improve the productivity of farmers through advanced seed product development. I see other ways to improve productivity on the farm and in particular, the acquisition of on-farm data and turning that data into useable knowledge. Deveron is uniquely positioned in providing on-farm data acquisition services through drone-based sensing technologies. I look forward to assisting Deveron in defining and achieving its strategic goals and seeing this exciting technology deployed on farms in Canada and around the world.”

“Deveron UAS’ timing is perfect to deliver on their simple goal: to help growers increase yields and reduce costs on the farm,” commented David Masotti. “I am delighted to be involved with the Company that is North America’s leading provider of drone collected data, using the most technologically advanced drones, sensors and analytics.”

In connection with the formation of the Advisory Board, the Company also announces that is has granted 3,560,000 incentive stock options (the “Options”) to certain directors, officers and advisors to the Company. The Options may be exercised until 5:00 p.m. EST on November 22, 2022, at a price of $0.365 per share.

About Deveron UAS:

Deveron is a nationally compliant, Transport Canada licensed, UAV operator providing enterprise drone data services to agriculture. Deveron’s data helps farmers increase yields and reduce costs using sophisticated Unmanned Aerial Systems (“UAS” or “drones”), sensors, software and analytics. Deveron’s drone data service network allows enterprise level customers to obtain on-demand, actionable data without exposure to technology and capital risks. The Company is focused on building a standardized network of drones and sensors to provide data in North America.

For more information and to join our community, please visit www.deveronuas.com.

This news release includes certain “forward-looking statements” within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are based on management’s beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the “Risk Factors” section of our annual and interim Management’s Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at
www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward looking statements.

Contact Information:
Deveron UAS Corp.
David MacMillan
President & CEO
416-367-4571 ext. 221
dmacmillan@deveronuas.com
www.deveronuas.com

PHOTO RELEASE–Huntington Ingalls Industries Launches National Security Cutter Midgett

PASCAGOULA, Miss., Nov. 22, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division launched the National Security Cutter (NSC) Midgett (WMSL 757) on Wednesday. Midgett is the eighth NSC Ingalls has built for the U.S. Coast Guard. It will be christened during a ceremony on Dec. 9.

“As the National Security Cutter program continues to mature, we are providing our Coast Guard customer the best ships in their fleet,” said Ingalls Shipbuilding President Brian Cuccias. “Our shipbuilders know and understand the importance of quality in building these highly capable cutters so the men and women of the Coast Guard can perform their important national security missions.”

Midgett was translated via Ingalls’ rail car system to the floating dry dock last week, and the dock was moved away from the pier on Tuesday night. With the assistance of tugboats, Midgett launched off the dock early Wednesday morning.

A photo accompanying this release is available at: http://newsroom.huntingtoningalls.com/file?fid=5a15a0772cfac2469eba1ed8.

“We’ve become very good at building these ships and continue to improve with the incorporation of lessons learned from previous cutters,” said Derek Murphy, Ingalls’ NSC program manager. “Launch is a much-anticipated and exciting event, but it’s still just one step in bringing this cutter to life. Our shipbuilders are ready to get back to work to ensure Midgett is the best NSC to date.”

The ship is named to honor John Allen Midgett, who was awarded the Silver Cup by the U.K. Board of Trade in 1918 for the renowned rescue of 42 British sailors aboard the British tanker Mirlo after it was torpedoed by a German U-boat off the coast of North Carolina. He was also awarded the Gold Lifesaving Medal by the U.S. Coast Guard in 1924. Midgett was a senior enlisted member of the U.S. Lifesaving Service when it merged with the U.S. Lighthouse Service and U.S. Revenue Cutter Service to become today’s U.S. Coast Guard.

Legend-class NSCs are the flagships of the Coast Guard’s cutter fleet. Designed to replace the 378-foot Hamilton-class high-endurance cutters that entered service in the 1960s, they are 418 feet long with a 54-foot beam and displace 4,500 tons with a full load. They have a top speed of 28 knots, a range of 12,000 miles, an endurance of 60 days and a crew of 110.

NSCs are capable of meeting all maritime security mission needs required of the high-endurance cutter. They include an aft launch and recovery area for two rigid hull inflatable boats and a flight deck to accommodate a range of manned and unmanned rotary wing aircraft. The Legend class is the largest and most technologically advanced class of cutter in the Coast Guard, with robust capabilities for maritime homeland security, law enforcement, marine safety, environmental protection and national defense missions. NSCs play an important role enhancing the Coast Guard’s operational readiness, capacity and effectiveness at a time when the demand for their services has never been greater.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Mission Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 37,000 people operating both domestically and internationally. For more information, visit:

Contact:

Bill Glenn
william.glenn@hii-co.com
228-935-1323

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Northrop Grumman to Participate in Credit Suisse 5th Annual Industrials Conference

FALLS CHURCH, Va., Nov. 22, 2017 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE:NOC) will participate in the Credit Suisse 5th Annual Industrials Conference on Thursday, Nov. 30. Ken Bedingfield, corporate vice president and chief financial officer, and Steve Movius, corporate vice president and treasurer, will present beginning at 8:45 a.m. Eastern time. The presentation will be webcast live at www.northropgrumman.com.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

Note: Statements to be made at the conference, including in the presentation and in any accompanying materials, other than statements of historical fact, may constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” “guidance,” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of the subject presentation, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission.

Contact:

Tim Paynter (Media)
703-280-2720 (office)
timothy.paynter@ngc.com

Steve Movius (Investors)
703-280-4575
steve.movius@ngc.com

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