AgEagle Aerial Systems Receives Green UAS Certification Validating its Drone Technologies to Serve the Commercial and Non-Defense Drone Market
Rhea-AI Summary
AgEagle Aerial Systems (NYSE: UAVS) has received the Green UAS certification from the Association for Uncrewed Vehicle Systems International (AUVSI). This certification verifies that AgEagle's drone technologies meet the highest cybersecurity and NDAA supply chain standards, essential for the non-defense and commercial drone market.
The Green UAS certification builds upon the Defense Innovation Unit's (DIU) Blue UAS certification but is tailored for commercial applications. It ensures that commercial small UAS are cyber-secure, expanding the list of secure UAS available for various missions. AgEagle President Bill Irby highlighted the company's commitment to cybersecurity and NDAA compliance, enhancing value for customers and shareholders.
The certification process, administered by AUVSI with external partners, aims to support the DoD community and provide a trusted pathway for commercial and non-DoD government applications. Green UAS compliant components may also opt-in for data sharing with the DIU for potential inclusion in the Blue UAS Framework.
Positive
- Green UAS certification validates AgEagle's drone technologies as cyber-secure and NDAA compliant.
- Certification expands the market for AgEagle's drones in commercial and non-defense sectors.
- Potential for Green UAS components to be included in the Blue UAS Framework through data sharing with the DIU.
Negative
- None.
Insights
The Green UAS certification represents a significant advancement in AgEagle's market positioning, particularly in the commercial and government drone sectors. This certification validates the company's cybersecurity standards and supply chain integrity, effectively opening doors to broader market opportunities beyond military applications. The alignment with Blue UAS standards while expanding into commercial applications demonstrates AgEagle's strategic approach to capture both defense and civilian markets.
The certification's impact extends beyond mere compliance - it positions AgEagle as a trusted provider in a market where cybersecurity concerns are paramount. The potential inclusion in the Blue UAS Framework list through the opt-in data sharing provision could further expand their addressable market. However, with a relatively small market cap of
The Green UAS certification strategically positions AgEagle in the rapidly growing commercial drone market, where cybersecurity validation is becoming increasingly crucial. This certification addresses a critical market need as commercial entities seek secure drone solutions that meet rigorous standards without the full complexity of military requirements. The potential for seamless consideration for the Blue UAS Framework list creates a valuable dual-market opportunity.
However, investors should note that while this certification enhances AgEagle's competitive position, the company faces significant competition from larger, better-capitalized drone manufacturers. The certification alone doesn't guarantee commercial success - execution of the company's Defense and Public Safety strategy will be important for translating this achievement into revenue growth.
Green UAS certification assesses and verifies commercial drones meet the highest levels of cybersecurity and NDAA supply chain requirements
WICHITA, Kan., Dec. 11, 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 it has been granted Green UAS certification from the Association for Uncrewed Vehicle Systems International (AUVSI), the world's largest nonprofit organization dedicated to the advancement of uncrewed systems, autonomy, and robotics.
Green UAS is an expanded framework for certification built off the Defense Innovation Unit (DIU)’s Blue UAS certification program but designed for non-defense and commercial companies looking to verify their compliance with cybersecurity and supply chain standards.
Green UAS cybersecurity and supply chain risk assessments are held to the same standard as those in Blue UAS but also are expanded upon in the Green UAS program. The certification validates commercial small UAS as cyber-secure and will provide a wider variety of secure UAS than the current Blue 2.0 list to conduct mission sets.
AgEagle President Bill Irby commented, “AgEagle has demonstrated another step in it’s commitment to cyber-security and NDAA compliance through achieving this certification. We are moving forward with our Defense and Public Safety strategy, enhancing value to our buying customer and shareholders.”
AUVSI administers the assessment and certification process in collaboration with external partners and is designed to achieve two goals:
- To support the DoD community by supporting efforts to expand DIU’s Blue UAS with vetted drones that meet the same level of cyber security and supply chain requirements as mandated by Congress in the 2020 and 2022 NDAAs.
- To provide a commercial and non-DoD government pathway to ensure trust in drone security, using robust frameworks and additional areas of assessment not included in Blue UAS, and framework flexibility based on customer demands.
Green UAS compliant components also have the opportunity to opt-in to data sharing with the DIU through AUVSI for a seamless review and consideration for addition to the Blue UAS Framework list.
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 purchase orders relating to AgEagle’s products, the success of new programs, the ability to implement a new strategic plan, the success of a new strategic plan or the ability to maintain compliance with AUVSI’s cybersecurity and supply chain standards. 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
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