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AgEagle Aerial Systems Announces Appointment of Kevin Lowdermilk to Board of Directors

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AgEagle Aerial Systems (NYSE: UAVS) has appointed Kevin Lowdermilk to its Board of Directors, effective October 25, 2024. Lowdermilk brings over 30 years of executive leadership experience, currently serving as CEO and CFO of Vaya Space. His extensive background includes leadership roles at ISO Group, Exostar, and Rolls-Royce Holdings PLC. The appointment aims to leverage his expertise in technology, aerospace, and defense sectors to support AgEagle's global expansion in government and commercial verticals.

AgEagle Aerial Systems (NYSE: UAVS) ha nominato Kevin Lowdermilk nel suo Consiglio di Amministrazione, con effetto dal 25 ottobre 2024. Lowdermilk porta con sé oltre 30 anni di esperienza dirigenziale, attualmente ricoprendo il ruolo di CEO e CFO di Vaya Space. La sua vasta esperienza include ruoli di leadership in ISO Group, Exostar e Rolls-Royce Holdings PLC. Questa nomina mira a sfruttare la sua competenza nei settori della tecnologia, dell'aerospaziale e della difesa per sostenere l'espansione globale di AgEagle nei verticali governativi e commerciali.

AgEagle Aerial Systems (NYSE: UAVS) ha nombrado a Kevin Lowdermilk en su Junta Directiva, con efecto a partir del 25 de octubre de 2024. Lowdermilk aporta más de 30 años de experiencia en liderazgo ejecutivo, actualmente ocupando el cargo de CEO y CFO de Vaya Space. Su amplia trayectoria incluye roles de liderazgo en ISO Group, Exostar y Rolls-Royce Holdings PLC. La designación tiene como objetivo aprovechar su experiencia en los sectores de tecnología, aeroespacial y defensa para apoyar la expansión global de AgEagle en los verticales gubernamentales y comerciales.

AgEagle Aerial Systems (NYSE: UAVS)은 2024년 10월 25일부로 Kevin Lowdermilk을 이사회의 멤버로 임명했습니다. Lowdermilk은 30년 이상의 경영 리더십 경험을 가지고 있으며, 현재 Vaya Space의 CEO이자 CFO로 재직 중입니다. 그의 폭넓은 경력에는 ISO Group, Exostar 및 Rolls-Royce Holdings PLC에서의 리더십 역할이 포함되어 있습니다. 이번 임명은 AgEagle의 정부 및 상업 분야의 글로벌 확장을 지원하기 위해 그의 기술, 항공 우주 및 방산 분야의 전문성을 활용하는 것을 목표로 하고 있습니다.

AgEagle Aerial Systems (NYSE: UAVS) a nommé Kevin Lowdermilk au sein de son Conseil d'Administration, à compter du 25 octobre 2024. Lowdermilk possède plus de 30 ans d'expérience en leadership exécutif, occupant actuellement le poste de CEO et CFO de Vaya Space. Son parcours diversifié inclut des rôles de leadership chez ISO Group, Exostar et Rolls-Royce Holdings PLC. Cette nomination vise à tirer parti de son expertise dans les secteurs de la technologie, de l'aérospatial et de la défense pour soutenir l'expansion mondiale d'AgEagle dans les secteurs gouvernementaux et commerciaux.

AgEagle Aerial Systems (NYSE: UAVS) hat Kevin Lowdermilk in seinen Vorstand berufen, mit Wirkung zum 25. Oktober 2024. Lowdermilk bringt über 30 Jahre Erfahrung in der Führungsebene mit, derzeit als CEO und CFO von Vaya Space tätig. Sein umfangreicher Hintergrund umfasst Führungspositionen bei ISO Group, Exostar und Rolls-Royce Holdings PLC. Die Ernennung zielt darauf ab, seine Expertise in den Bereichen Technologie, Luftfahrt und Verteidigung zu nutzen, um die globale Expansion von AgEagle in den Bereichen Regierung und Kommerzielles zu unterstützen.

Positive
  • Addition of board member with extensive aerospace and defense industry experience
  • Strategic appointment to support global expansion plans
  • New director brings both CEO and CFO experience from relevant industry sectors
Negative
  • None.

WICHITA, Kan., Oct. 30, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the appointment of Kevin Lowdermilk to the Company’s board of directors effective October 25, 2024.

Company CEO, Bill Irby, commented, "It is a privilege to have Kevin join our board. His distinguished career and leadership in some of the most challenging technology sectors speak to his ability to drive success through vision, strategy and execution. We are grateful to work alongside him and leverage his expertise to support the future expansion of our global footprint in both government and commercial verticals, as we position the Company for long-term shareholder value.”

Kevin Lowdermilk has over 30 years of executive leadership experience and currently serves as both the CEO and CFO of Vaya Space. Prior to Vaya Space, he was the CEO of ISO Group, Inc. — a defense and aerospace supply chain company, he has also served as the CFO and then CEO of Exostar — a supply chain / cyber security company with a focus on the aerospace and defense sector, and he served as the Vice President of Finance for a multi-national aerospace division of Rolls-Royce Holdings PLC. He has also held board positions for a number of companies across a variety of industries, including Global Healthcare Exchange (“GHX”) where he chaired the board’s compensation committee through its sale of GHX to Thoma Bravo and publicly traded company, Digital Health Acquisition Corporation. He currently serves as an independent board member and Audit Committee Chair for publicly traded VSee Health, Inc. He earned his undergraduate degree in Economics from Western Kentucky University and his MBA from Ball State University.

About AgEagle Aerial Systems Inc.

Through its three centers of excellence, AgEagle is actively engaged in designing and delivering best-in-class flight hardware, sensors and software that solve important problems for its customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack UAS, sensors and software solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our website at www.ageagle.com.

Forward-Looking Statements 

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “suggest,” “target,” “aim,” “should,” "will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AgEagle’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including risks related to the timing and fulfilment of current and future orders relating to AgEagle’s products, the success of new programs, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of AgEagle in general, see the risk disclosures in the Annual Report on Form 10-K of AgEagle for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by AgEagle. All such forward-looking statements speak only as of the date they are made, and AgEagle undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise.

AgEagle Aerial Systems Contacts
Investor Relations:
Email: UAVS@ageagle.com
Media:
Email: media@ageagle.com


FAQ

Who is the new board member appointed to AgEagle Aerial Systems (UAVS)?

Kevin Lowdermilk was appointed to AgEagle Aerial Systems' board of directors effective October 25, 2024.

What is Kevin Lowdermilk's current role outside of AgEagle (UAVS)?

Kevin Lowdermilk currently serves as both the CEO and CFO of Vaya Space.

What is the purpose of Kevin Lowdermilk's appointment to AgEagle's (UAVS) board?

His appointment aims to support AgEagle's future expansion in government and commercial verticals, leveraging his expertise to enhance long-term shareholder value.

What relevant experience does the new AgEagle (UAVS) board member bring?

He brings over 30 years of executive leadership experience in aerospace and defense, including roles at ISO Group, Exostar, and Rolls-Royce Holdings PLC.

AgEagle Aerial Systems, Inc.

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