NEODESHA, Kan., May 01, 2018 — AgEagle Aerial Systems, Inc. (NYSE American:UAVS), an aerial drone imagery collection and analytics company, has released the first production fixed wing aerial drone that allows and encourages customers to choose the brand and the type of sensor (camera) to be integrated with AgEagle’s proprietary RX-47 advanced aerial data collection platform.
“AgEagle has earned a reputation for having the most durable and easy-to-operate fixed wing drone, and consequently, customers have increasingly requested drones that can support their preferred sensors,” said Bret Chilcott, founder and CEO of AgEagle. “We are seeing agricultural drones transition from the early adaption phase of the market to mainstream farming, where they are being put to work on a daily basis. As a result, ag drones are becoming an important tool and growers and ag professionals are realizing strong value. We believe that in the near future, the majority of agricultural professionals will use drones on a daily basis, and as a pioneer in the aerial imaging industry, AgEagle is best positioned to deliver significant value to growers today.”
AgEagle’s RX-47 platform now integrates with three of the most advanced agriculture-specific sensors, including:
Using AgEagle’s RX-47 Drone, algorithmic-based computer programs are able to determine the current health of photographed crop by analyzing the amount of near-infrared light reflected from the plants. Using this high resolution, near-infrared image, a farmer or an agronomist can create a “prescription map” that is then fed into the computers that guide large precision crop sprayers so that chemicals, herbicides, pesticides and nutrients can be applied more precisely in the fields.
In order for this to work properly and create value for the farmer, the stability of the flight of the drone is critical to capture clear and precise images, and the quality of the sensor is paramount. This process ultimately saves the farmer money and increases the amount of yield per acre, while also improving the environmental impact of farming, which is increasingly top of mind for large corporations across the globe.
In a 2017 report, Goldman Sachs identified the total addressable market for agriculture drones at $5.9 billion over the next five years.
About AgEagle Aerial Systems, Inc.
Founded in 2015, AgEagle designs, produces, distributes and supports technologically-advanced small unmanned aerial vehicles (UAVs or drones) that it supplies to the precision agriculture industry. The company’s line of automated flying drones collects valuable information for farmers by flying over large fields of corn, soy beans, wheat and other types of crops, collecting thousands of ultra-high-resolution pictures using sophisticated near-infrared sensors, or cameras. These aerial images are ultimately utilized to enhance yield and promote sustainability.
The company is based in Neodesha, Kansas. For more information, please visit www.ageagle.com.
Important Cautions Regarding Forward-Looking Statements
“Forward-looking Statements” as defined in the Private Securities Litigation Reform Act of 1995 may be included in some of the information or materials made available on this website. These statements relate to future events or future financial performance. These statements are only predictions and may differ materially from actual future results or events. AgEagle disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with change in business strategy towards more heavy reliance upon the company’s new talent segment and wholesale channels, actions of regulators concerning business operations or trading markets for AgEagle’s securities, the extent to which the company is able to develop new services and markets for its services, the company’s significant reliance on third parties to distribute its content, and the level of demand and market acceptance of AgEagle’s services.
Analysts and Institutional InvestorsLiolios Investor RelationsCody SlachSean MansouriP: 949-574-3860
Individual and Retail InvestorsIntegra Consulting GroupJeremy RoeP: 925-262-8305
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