Safe Pro Group Subsidiary Receives Order for Advanced Drone-Based Infrastructure Assessments Under Existing Multi-Year Contract with Major Florida Utility

Rhea-AI Summary

Safe Pro Group Inc. (Nasdaq: SPAI) announced a service expansion for its Airborne Response drone services subsidiary, extending its existing multi-year agreement with a major Florida utility. The expansion moves beyond standard visual inspections and hurricane recovery to include advanced 'Condition Assessment' (CA) services for critical infrastructure.

The new order will enable Airborne Response to deliver enhanced drone-based infrastructure assessment services. The company plans to potentially incorporate proprietary AI imaging technology for proactive fault detection across transmission lines, substations, and pole infrastructure, either through its Safe Pro AI unit's patented AI-powered imagery processing technology or via third-party partnerships.

Airborne Response currently serves as one of Florida's leading providers of drone-based critical infrastructure inspections, serving utilities, telecoms, and insurers with real-time insights.

Positive

• New revenue stream from expanded service offering
• Extension of existing multi-year contract with major utility client
• Potential for AI technology integration to enhance service capabilities

Negative

• Timeline and revenue impact of new services not specified
• AI implementation dependent on future development or partnerships

Insights

Financial Analyst

This contract expansion represents a strategic revenue diversification for Safe Pro Group's Airborne Response subsidiary. By moving from basic visual inspections to advanced Condition Assessment (CA) services for a major Florida utility, SPAI is climbing the value chain toward higher-margin infrastructure assessment work.

The expansion creates a new recurring revenue stream under an existing multi-year framework, indicating strengthening customer relationships and validation of service quality. This type of contract stability is particularly valuable for a company with SPAI's market cap ($33.68M).

Most promising is the potential AI integration path. The mention of leveraging proprietary AI technology for future assessments signals a move toward technology-enabled services that could significantly improve operating margins. The infrastructure assessment market represents massive long-term potential as utilities face increasing pressure to improve grid resilience against climate challenges.

While the announcement lacks specific financial metrics like contract value or revenue projections, the strategic positioning is clear – SPAI is evolving from a service provider to a potential technology platform in the critical infrastructure space. This positions the company at the intersection of two growth markets: infrastructure modernization and AI-enabled predictive maintenance.

New Order Creates Additional Revenue Stream and Accelerates AI-Driven Growth Strategy

AVENTURA, Fla.--(BUSINESS WIRE)-- Safe Pro Group Inc. (Nasdaq: SPAI), a leading innovator in AI-powered defense and security technologies, today announced a service expansion for its Airborne Response drone services subsidiary. Under its existing multi-year agreement with one of Florida’s largest electric utilities, Airborne Response will now deliver enhanced drone-based critical infrastructure assessment services in addition to its routine monitoring and pre/post-hurricane recovery programs

This new order builds on an established partnership and expands Airborne’s role beyond standard visual inspections and hurricane recovery efforts to advanced “Condition Assessment” (CA) services—a mission-critical capability for modern grid resilience. It is anticipated that future assessments could leverage proprietary AI imaging technology to proactively detect faults across transmission lines, substations, and pole infrastructure. As such, the Company intends to explore further support for high-value assessment work in the future utilizing in-house resources such as its Safe Pro AI unit and its patented artificial intelligence (AI)-powered imagery processing technology or through the formation of development partnerships with third-party solution vendors.

“This award reflects our enterprise customer’s growing confidence in Airborne Response’s industry-leading expertise,” said Dan Erdberg, Chairman and CEO of Safe Pro Group. “With this contract expansion, we are looking forward to not just growing revenue—but building a scalable platform that addresses one of the most urgent infrastructure challenges of our time. It’s a bold step toward transforming grid reliability through data, automation, and intelligence.”

Airborne Response is one of Florida’s top providers of drone-based critical infrastructure inspections, trusted by utilities, telecoms, and insurers for real-time, mission-critical insights. Its role in hurricane preparedness and recovery also positions Safe Pro as an essential partner in climate resilience.

For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook, X and Instagram.

About Safe Pro Group Inc.

Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response 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/.

Forward-Looking Statements

Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. 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, including those discussed under Item 1A. “Risk Factors” in our most recently filed Form 10-K filed with the Securities and Exchange Commission (SEC) and updated from time to time in our Form 10-Q filings and in our other public filings with the SEC. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250409509035/en/

Media Relations for Safe Pro Group Inc.:

media@safeprogroup.com

Investor Relations for Safe Pro Group Inc.:

investors@safeprogroup.com

Source: Safe Pro Group Inc.

FAQ

What new services will SPAI's Airborne Response provide under the expanded utility contract?

Airborne Response will provide advanced Condition Assessment (CA) services for critical infrastructure, expanding beyond standard visual inspections and hurricane recovery programs.

How does SPAI plan to enhance its infrastructure assessment capabilities?

SPAI plans to implement AI imaging technology for proactive fault detection across transmission lines, substations, and pole infrastructure, either through its Safe Pro AI unit or third-party partnerships.

What is Airborne Response's current market position in Florida's drone services sector?

Airborne Response is one of Florida's top providers of drone-based critical infrastructure inspections, serving utilities, telecoms, and insurers.

What types of clients does SPAI's Airborne Response subsidiary currently serve?

Airborne Response serves major utility companies, telecommunications providers, and insurance companies, providing real-time, mission-critical insights.