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AgEagle Aerial Systems, Inc. (symbol: UAVS), based in Kansas, is a renowned provider of cutting-edge unmanned aerial vehicle (UAV) data acquisition drones designed for precision agriculture. As a leading FAA 333 exempt entity, AgEagle’s technology significantly enhances the way farmers monitor and manage crop health.
AgEagle’s drones are engineered to swiftly capture and stitch multi-spectral images of crop fields, enabling growers to identify stress factors such as disease, pests, and improper irrigation days before they become visible to the naked eye. This early detection allows farmers to efficiently utilize their equipment, reduce input costs, increase crop yields, and mitigate environmental impact.
The company is actively involved in designing and delivering top-tier drones, sensors, and software solutions that address critical issues for its customers. AgEagle operates through three primary segments: Drones, Sensors, and Software-as-a-Service (SaaS). The majority of its revenue comes from the commercial sale of drones and related products.
AgEagle's technology is not only instrumental in agriculture but is also expanding into other sectors. The company's recent achievements and ongoing projects reflect its commitment to innovation and customer satisfaction. As they continue to develop sophisticated UAV systems, AgEagle aims to maintain its leadership in the industry and expand its market reach.
For the latest updates and detailed information about AgEagle Aerial Systems, Inc., shareholders and interested parties can contact Investor Relations at UAVS@ageagle.com or Media Relations at media@ageagle.com.
AgEagle Aerial Systems (NYSE American: UAVS) has showcased its eBee TAC Unmanned Aerial System at Tough Stump Technologies’ Tech Demo Day in North Carolina. The eBee TAC, developed by AgEagle’s subsidiary senseFly, is integral to the ARTEMIS system, enhancing military situational awareness with high-resolution imagery. This tactical drone boasts a 17.2-mile range and a 90-minute flight time, targeting military operations and emergency responses. CEO Barrett Mooney emphasizes its role in supporting U.S. military forces and allied partners amid rising geopolitical tensions.
AgEagle Aerial Systems has announced the reappointment of Barrett Mooney as CEO, succeeding Brandon Torres Declet, who resigned. Mooney previously led the company from July 2018 to June 2020, driving its expansion into drone package delivery and data analytics for various sectors. He aims to refocus the company on robotics, automation, and manufacturing while improving its market valuation after a challenging year. Mooney emphasizes innovation and customer satisfaction as key drivers for future growth.
AgEagle Aerial Systems (NYSE American: UAVS) reported significant financial growth for the three and nine months ended September 30, 2021. Revenues surged 169% year-over-year to approximately $2.02 million, while nine-month revenues climbed 389% to $5.66 million, driven by strong demand for sensor and software solutions. However, the company reported a net loss of $3.77 million for Q3 and a total loss of $11.38 million for the nine months. Cash reserves increased to $32.2 million.
AgEagle Aerial Systems has launched the Altum-PT, a revolutionary 3-in-1 drone sensor that integrates panchromatic imaging and thermal imaging. This product offers high resolution imaging, providing double the spatial resolution of its predecessor, enhancing analytical capabilities in agriculture.
With features that enable users to assess plant-level conditions, it includes advanced thermal calibration technologies for improved accuracy. The launch promises to broaden applications across several sectors and aims to fuel future growth for the company, which operates in over 70 countries.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) will host a webcast on November 15, 2021, at 4:30 p.m. Eastern Time to discuss its recent operational developments and third-quarter financial results for the period ending September 30, 2021. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update. Investors can submit questions via email by November 12, 2021, at 5:00 p.m. ET. The webcast will be available live and for replay at this link.
AgEagle Aerial Systems (NYSE American: UAVS) announced that its subsidiary senseFly has been added to the U.S. Department of Defense's Blue sUAS 2.0 list, allowing it to provide advanced drone mapping solutions to U.S. military and government agencies. The eBee TAC drone, weighing 3.5 pounds, features rapid deployment capabilities and digital camouflage for stealth operations. Following successful demonstrations at military installations, senseFly aims to complete the registration process by year-end, enhancing its position within the UAS market for government applications.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has launched the RedEdge-P, a cutting-edge drone sensor boasting triple capture speed and double the spatial resolution compared to its predecessor, the RedEdge-MX. This device facilitates precise multispectral and RGB imagery collection, allowing for detailed plant analyses and effective forestry management. The global drone sensor market is projected to reach $2.54 billion by 2028, driven by demand for high-resolution imaging. AgEagle aims to leverage its expertise to enhance operational efficiency across various industries.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced an acquisition of senseFly, a wholly-owned subsidiary of Parrot, valued at US$23 million. Founded in 2009, senseFly specializes in fixed-wing drones and generated approximately US$12.5 million in revenue in 2020. This acquisition aims to enhance AgEagle's drone solutions, targeting sectors like agriculture and construction. It is expected to foster growth and innovation through senseFly's engineering expertise and established reseller network. The CEO of senseFly will step down, with Michael O’Sullivan appointed as Managing Director.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced plans to launch next-generation multispectral sensors through its subsidiary, MicaSense, aimed at precision agriculture, forestry, and conservation.
The new sensors promise superior economics, resolution, and data analysis capabilities. CEO Brandon Torres Declet emphasized their potential to set new standards in data quality and usability. MicaSense aims to begin global distribution in three months. The global drone sensors market is projected to reach $2.34 billion by 2028, growing at a CAGR of 25.08%.
AgEagle Aerial Systems (NYSE American: UAVS) will showcase its advancements in drone technology at the Commercial UAV Expo Americas 2021 in Las Vegas from September 7-9, 2021. CEO Brandon Torres Declet will deliver a keynote address titled Mapping the Market Curve of Commercial Drone Adoption Today… and Tomorrow on September 8. The company, alongside subsidiaries Measure and MicaSense, will be exhibiting at Booth #423, offering product demonstrations and media interviews.
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