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AgEagle Aerial Systems, Inc. - UAVS STOCK NEWS

Welcome to our dedicated page for AgEagle Aerial Systems news (Ticker: UAVS), a resource for investors and traders seeking the latest updates and insights on AgEagle Aerial Systems stock.

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.

News

AgEagle Aerial Systems Announces Letter to Shareholders From Grant Begley

Rhea-AI Summary
AgEagle Aerial Systems Inc. (UAVS) announced Chairman Begley's letter to shareholders outlining the company's growth strategy. AgEagle has evolved from a local agriculture drone provider to a global leader in various market segments, offering cutting-edge drone technology and sensors. Recent achievements include expanding the leadership team, significant sales contracts with government entities, and recognition as a top AI company in agriculture. Despite trading as a micro cap, AgEagle is poised for growth with the launch of the eBee VISION drone and a reverse stock split to attract more investors.
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AgEagle Aerial Systems Appoints U.S. Army Major General (Retired) Malcolm Frost to Board of Directors

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AgEagle Aerial Systems Inc. (UAVS) appoints retired U.S. Army Major General Malcolm Frost to its Board of Directors. Major General Frost brings 31 years of leadership experience in the U.S. Army, with expertise in strategic communications, operations, and training. His extensive background in military defense industries is expected to enhance AgEagle's market presence and shareholder value.
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AgEagle Announces Sale of Altum-PT Multispectral Cameras to Department of Defense Customer through ADS, Inc.

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AgEagle Aerial Systems Inc. secures a contract with ADS, Inc. for the purchase of Altum-PT™ multispectral cameras for the Department of Defense. The innovative drone sensor will provide high-resolution imagery and aid in military terrain categorization.
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AgEagle Aerial Systems Appoints Seasoned Defense Industry Executive William Irby as President

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AgEagle Aerial Systems Inc. appoints William Irby as President, a seasoned leader in defense and unmanned systems, to drive sustainable growth. Irby's extensive experience in defense industry giants like Northrop Grumman and Steel Partners Holdings L.P. brings valuable expertise to AgEagle. His appointment signifies a strategic move to expand market presence and enhance shareholder value.
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AgEagle Aerial Systems Announces Effectiveness of Reverse Stock Split

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AgEagle Aerial Systems Inc. (UAVS) announced a 1-for-20 reverse stock split to increase per share price and maintain NYSE American listing. The split, effective on February 9, 2024, converted every 20 shares into 1 share without changing authorized shares. Shareholders will receive additional fractions of a share to round up to a full share.
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AgEagle Secures Major Contract for eBee X and eBee TAC Drones for Use by U.S. Department of Energy Laboratory

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AgEagle Aerial Systems Inc. (NYSE: UAVS) announces the procurement of a fleet of eBee X and eBee TAC drones by UT-Battelle, LLC, which manages and operates the Oak Ridge National Laboratory (ORNL) on behalf of the U.S. Department of Energy (DOE). These drones are chosen for operational excellence, NDAA compliance, FAA-approved Operations Over People, and Blue UAS accreditation. The eBee TAC is approved under the Blue UAS Cleared List program for U.S. government procurement, and the eBee X is the only FAA-approved drone for Operations Over People (OOP) without the need for a waiver in the United States. AgEagle’s eBee drones will support the United States Department of Energy in their national security and emergency response efforts.
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AgEagle Aerial Systems Attends UMEX 2024 Together with FEDS to Showcase eBee VISION and TAC Drones Representing Its First Introduction to the Middle East Market

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AgEagle Aerial Systems Inc. (UAVS) announced their attendance at UMEX 2024 Unmanned System Exhibition and Conference, where they showcased their high-performance unmanned aerial systems. The event marked the first sale of their eBee VISION drone in the Middle East, representing a significant milestone for the company's growth strategy. FEDS Drone-powered Solutions, AgEagle's partner and customer, collaborated with them to advance public safety and security through the integration of their drone solutions. The eBee VISION and eBee TAC drones offer HD live video insights and aerial data for professional intelligence, surveillance, and reconnaissance missions, as well as for law enforcement, firefighters, and emergency services teams. AgEagle will provide product training for FEDS in Dubai and the desert in Q1 2024.
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AgEagle Aerial Systems Appoints Chairman Grant Begley as Interim CEO

Rhea-AI Summary
AgEagle Aerial Systems Inc. (NYSE: UAVS) has appointed Company Chairman Grant Begley as the Interim Chief Executive Officer, effective January 1, 2024. Begley is an accomplished expert in Aerospace, Unmanned Systems, and Robotics, with a distinguished military career and extensive experience in the defense industry. His appointment aims to lead the company into a new chapter of growth, capitalizing on the growing interest from government and military agencies worldwide in AgEagle's eBee VISION and increasing investments in leading UAS solutions by military and public safety organizations worldwide.
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AgEagle to Provide Secure Drones Using SEALSQ Certified Secure Element for Defense and Public Safety Applications

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AgEagle Aerial Systems Inc. (NYSE: UAVS) and SEALSQ Corp (Nasdaq: LAES) announce a partnership to provide secure surveillance drones for public safety, government, and defense applications. The eBee VISION, a cyber secure Unmanned Aerial System (UAS) launched by AgEagle, embeds a SEALSQ Secure Element, making it suitable for public safety and defense applications. The global commercial drone market is projected to reach $38 billion in 2027, with key sectors such as public safety, security, defense, and inspection driving the growth.
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AgEagle Announces Third Quarter 2023 Results

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AgEagle Aerial Systems Inc. (UAVS) reports a decrease in revenues for the third quarter of 2023, largely due to lower sales of the eBee™ series of drones, offset by minimal increase in operating expenses. Loss from operations increased by 14% for the three months ended September 30, 2023, while cash position decreased from $4.35 million as of December 31, 2022, to $1.6 million as of June 30, 2023. The Company also highlights operational achievements, including partnerships and commencement of commercial production of the eBee™ VISION.
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FAQ

What is the current stock price of AgEagle Aerial Systems (UAVS)?

The current stock price of AgEagle Aerial Systems (UAVS) is $3.48 as of December 20, 2024.

What is the market cap of AgEagle Aerial Systems (UAVS)?

The market cap of AgEagle Aerial Systems (UAVS) is approximately 19.5M.

What does AgEagle Aerial Systems, Inc. specialize in?

AgEagle specializes in the design, production, and distribution of advanced UAVs, sensors, and software for precision agriculture.

Where is AgEagle Aerial Systems, Inc. based?

AgEagle is based in Kansas, USA.

What are the primary segments of AgEagle's operations?

AgEagle operates in three segments: Drones, Sensors, and Software-as-a-Service (SaaS).

How does AgEagle's technology benefit farmers?

AgEagle's drones capture multi-spectral images that help farmers detect crop stress factors early, reducing costs and increasing yields.

How can I contact AgEagle for investor relations?

You can contact AgEagle's Investor Relations at UAVS@ageagle.com.

What is the significance of AgEagle being FAA 333 exempt?

Being FAA 333 exempt allows AgEagle to operate UAVs commercially, supporting advanced agricultural monitoring and management.

What sectors apart from agriculture is AgEagle expanding into?

AgEagle is exploring applications of its UAV technology in sectors beyond agriculture, though agriculture remains its primary focus.

What recent projects has AgEagle been involved in?

AgEagle continues to work on projects that enhance drone technology and expand its agricultural applications, though specific project details can be obtained through their media contacts.

What is the main source of revenue for AgEagle?

The main source of revenue for AgEagle is the commercial sale of drones and related products.

How do I stay updated on AgEagle's latest news?

You can stay updated by visiting the company's website or contacting their media relations at media@ageagle.com.

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AgEagle Aerial Systems, Inc.

NYSE:UAVS

UAVS Rankings

#5322 Ranked by Market Cap
N/A Ranked by Dividends

UAVS Stock Data

19.45M
4.32M
100.45%
2.7%
31.82%
Computer Hardware
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