Safe Pro Group’s Airborne Response Drone Unit Secures Second Contract Extension With Citizens Property Insurance for Urgent Response and Routine Aerial Services
Safe Pro Group Inc. (Nasdaq: SPAI) announced that its subsidiary, Airborne Response, has secured a one-year contract extension from Citizens Property Insurance for aerial services. This marks the second annual extension since the initial 3-year agreement in 2018. Airborne Response will use Florida-compliant drones for routine and disaster response flight services, helping Citizens assess roof structures and other targets of interest.
The extension demonstrates Citizens' trust in Airborne Response and the value of their services. Airborne Response serves leading energy, telecommunications, and insurance firms across Florida, using drones to assess the power grid condition and evaluate storm damage. The company is also expanding its on-demand disaster drone flight services throughout the Southern U.S.
Safe Pro Group Inc. (Nasdaq: SPAI) ha annunciato che la sua sussidiaria, Airborne Response, ha ottenuto un prolungamento del contratto di un anno da Citizens Property Insurance per servizi aerei. Questo segna il secondo prolungamento annuale dall'accordo iniziale di 3 anni nel 2018. Airborne Response utilizzerà droni conformi alle normative della Florida per servizi di volo di routine e di risposta in caso di calamità, aiutando Citizens a valutare le strutture dei tetti e altri obiettivi di interesse.
Il prolungamento dimostra la fiducia di Citizens in Airborne Response e il valore dei loro servizi. Airborne Response serve aziende leader nei settori dell'energia, delle telecomunicazioni e dell'assicurazione in Florida, utilizzando droni per valutare le condizioni della rete elettrica e valutare i danni causati dalle tempeste. L'azienda sta anche espandendo i suoi servizi di volo con droni per emergenze su richiesta in tutto il sud degli Stati Uniti.
Safe Pro Group Inc. (Nasdaq: SPAI) anunció que su filial, Airborne Response, ha asegurado una prórroga de contrato de un año con Citizens Property Insurance para servicios aéreos. Esta es la segunda prórroga anual desde el acuerdo inicial de 3 años en 2018. Airborne Response utilizará drones conformes a la normativa de Florida para servicios de vuelo de rutina y de respuesta ante desastres, ayudando a Citizens a evaluar las estructuras de los techos y otros objetivos de interés.
La prórroga demuestra la confianza de Citizens en Airborne Response y el valor de sus servicios. Airborne Response atiende a empresas líderes en los sectores de energía, telecomunicaciones y seguros en Florida, utilizando drones para evaluar el estado de la red eléctrica y evaluar daños por tormentas. La empresa también está expandiendo sus servicios de vuelo de drones para desastres bajo demanda en el sur de EE. UU.
Safe Pro Group Inc. (Nasdaq: SPAI)는 그 자회사인 Airborne Response가 Citizens Property Insurance로부터 공중 서비스에 대한 1년 계약 연장을 확보했다고 발표했습니다. 이는 2018년 처음 체결된 3년 계약 이후 두 번째 연장입니다. Airborne Response는 플로리다에 적합한 드론을 사용하여 루프 구조물 및 기타 관심 대상을 평가하는 정기 비행 및 재난 응답 서비스를 제공합니다.
이번 연장은 Citizens의 Airborne Response에 대한 신뢰와 그들의 서비스 가치를 보여줍니다. Airborne Response는 플로리다 전역에서 에너지, 통신 및 보험 분야의 선도 기업에 서비스를 제공하며, 드론을 사용해 전력망 상태를 평가하고 폭풍 피해를 평가합니다. 이 회사는 또한 남부 미국 전역에서 긴급 상황에 대비한 드론 비행 서비스를 확대하고 있습니다.
Safe Pro Group Inc. (Nasdaq: SPAI) a annoncé que sa filiale, Airborne Response, a obtenu une extension de contrat d'un an de Citizens Property Insurance pour des services aériens. Cela constitue la deuxième extension annuelle depuis l'accord initial de 3 ans en 2018. Airborne Response utilisera des drones conformes aux normes de la Floride pour des services de vol de routine et de réponse aux catastrophes, aidant Citizens à évaluer les structures de toiture et d'autres cibles d'intérêt.
L'extension démontre la confiance de Citizens en Airborne Response et la valeur de leurs services. Airborne Response sert des entreprises leaders dans les secteurs de l'énergie, des télécommunications et des assurances en Floride, utilisant des drones pour évaluer l'état du réseau électrique et évaluer les dommages causés par les tempêtes. L'entreprise élargit également ses services de vol de drones pour catastrophes à la demande dans le sud des États-Unis.
Safe Pro Group Inc. (Nasdaq: SPAI) gab bekannt, dass ihre Tochtergesellschaft Airborne Response eine einjährige Vertragsverlängerung von Citizens Property Insurance für Luftdienste gesichert hat. Dies ist die zweite jährliche Verlängerung seit dem ursprünglichen 3-Jahres-Vertrag im Jahr 2018. Airborne Response wird Florida-konforme Drohnen für Routine- und Katastrophenreaktionsflüge einsetzen, um Citizens bei der Bewertung von Dachstrukturen und anderen von Interesse erfassten Zielen zu unterstützen.
Die Verlängerung zeigt das Vertrauen von Citizens in Airborne Response und den Wert ihrer Dienstleistungen. Airborne Response bedient führende Unternehmen in den Bereichen Energie, Telekommunikation und Versicherung in Florida und nutzt Drohnen, um den Zustand des Stromnetzes zu bewerten und Sturmschäden zu beurteilen. Das Unternehmen erweitert auch seine bedarfsgerechten Drohneneinsatzdienste im gesamten Süden der USA.
- Secured second contract extension with Citizens Property Insurance
- Demonstrates continued trust and value of Airborne Response's services
- Expanding customer base for on-demand disaster drone flight services in Southern U.S.
- None.
Insights
The contract extension with Citizens Property Insurance represents a positive development for Safe Pro Group's subsidiary, Airborne Response. While the financial terms are not disclosed, the renewal suggests stable revenue streams and client satisfaction. This continuity is important for investor confidence, especially in the volatile drone services sector.
However, investors should note that this is a single contract renewal and its impact on overall financials may be The company's ability to secure similar extensions and new contracts will be key to long-term growth. The
Airborne Response's drone technology demonstrates practical applications in the insurance sector, particularly for disaster response and property assessment. The contract renewal indicates the technology's reliability and effectiveness in real-world scenarios. This validates Safe Pro's AI-driven approach to drone imagery processing.
The company's focus on both "blue sky" routine services and "gray sky" disaster response showcases versatility in drone applications. This dual-purpose capability could be a competitive advantage in the drone services market. However, investors should monitor technological advancements in this rapidly evolving field to assess Safe Pro's ability to maintain its edge.
The contract extension with Citizens Property Insurance highlights a growing trend in the insurance industry towards leveraging drone technology for claims assessment and risk management. This trend presents significant market opportunities for companies like Safe Pro Group.
The mention of onboarding new customers for disaster drone flight services in the Southern U.S. suggests potential market expansion. However, investors should consider the competitive landscape and regulatory environment in this sector. The company's ability to differentiate its services and navigate regulatory challenges will be important for capturing market share in this emerging field.
Contract Renewal Extends Airborne Response's Support for Rapid Claims, Helping Citizens Property Insurance Deliver Improved Customer Service
AVENTURA, FL / ACCESSWIRE / September 10, 2024 / Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts, today announced that its Mission Critical Unmanned Solutions® subsidiary, Airborne Response (Airborne), has received a one-year aerial services contract extension from Citizens Property Insurance Corporation ("Citizens"). Citizens was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity.
This is the second annual extension Airborne has received since securing its initial 3-year aerial services agreement in 2018 under a public competitive solicitation. Per the agreement, Airborne Response will utilize Florida-compliant uncrewed aircraft systems (UAS) or drones, to provide "blue sky" routine flight services and "gray sky" disaster response and catastrophe flight services to help Citizens' business units assess the condition of roof structures and other targets of interest.
"This second contract extension is evidence of Citizens' trust in Airborne Response and the clear value of the service our flight teams provide," said Christopher Todd, President of Airborne Response. "We are excited to continue growing our relationship with Citizens and help support the peace of mind of Florida's residents and business community."
Airborne Response customers include leading energy, telecommunications, and insurance firms located across Florida. Its flight teams utilize sUAS to help assess the condition of Florida's power grid and evaluate storm damage to Florida residences. It also conducts other emergency and disaster flight services to enable a swift response to severe weather incidents such as rapidly intensifying major hurricanes impacting critical infrastructure. Airborne Response is currently onboarding new customers for on-demand disaster drone flight services throughout the Southern U.S.
A video introduction to Airborne Response's aerial drone services can be found here.
For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com/ and connect with us on Facebook and Twitter.
About Safe Pro Group Inc.
Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts. The Company leverages commercially available "off-the-shelf" drones with its proprietary machine learning and computer vision technology to rapidly identify explosive threats which provides a much safer and more efficient alternative to traditional human-based methods to analyze minefields. Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include government, humanitarian aid, law enforcement, military and commercial sectors where its AI, protective gear, and drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/.
About Airborne Response
Airborne Response is the premier provider of Mission Critical Unmanned Solutions®, capturing aerial intelligence using small uncrewed aircraft systems (sUAS). Airborne Response serves industry and government customers in the critical infrastructure, emergency services, and disaster response sectors. Airborne Response is a wholly owned subsidiary of Safe Pro Group Inc., a U.S. safety and security solutions dedicated to protecting those who protect us all. For more information on Airborne Response, please visit: http://airborneresponse.com
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law.
Contact Information
Media Relations
media@safeprogroup.com
Investor Relations
investors@safeprogroup.com
SOURCE: Safe Pro Group Inc.
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FAQ
What contract extension did Safe Pro Group's Airborne Response receive from Citizens Property Insurance?
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