NEODESHA, Kan., June 04, 2018 — AgEagle Aerial Systems, Inc. (NYSE American:UAVS) provides growers with important tools that enable them to minimize losses after a frost incident. The Food and Agriculture Organization reports that more economic losses are caused by freezing of crops in the USA than any other weather hazard.
It’s called “Winter Wheat” for good reason. A farmer plants it in the fall, it sprouts and goes dormant for the winter, but then revives and is ready for harvest in the late spring. Not only does this winter crop have economic value but the organic material that is left behind after a harvest provides additional nutrients for the next crop.
Although designed to resist cold temperatures, when frost does strike the crop, it can be very difficult for a farmer to determine the most cost-effective action to take. The decision is determined by what part of the plant is damaged and the percentage of the total crop that is affected.
This spring, winter wheat grower Joe Newland experienced first-hand how a drone could rapidly provide the information needed to make the right decision that would reduce his loss. His wheat was hit by frost in early March, prior to ear emergence, which is a particularly resistant phase for winter wheat. Based on an examination of the plants in the field, it was evident that the damage was to the leaves.
Initially, it was difficult to determine what percentage of the field was impacted. Depending on that figure, the farmer might slash the entire crop, returning nothing; harvest for hay, which could bring some returns; or continue to harvest the wheat, albeit with lower yields. Getting a precise estimate of damaged crop would ensure the right decision.
Using an AgEagle RX-60 drone, Joe collected data over the entire field in just a few minutes. The software identified that approximately 73% of the field had suffered minimal damage from the frost and would likely produce full yield. As a result of the data provided by AgEagle’s RX-60 drone, Joe chose to continue to bring the crop to term and harvest it for wheat.
“When I first walked into the field, my heart sank,” said Joe Newland. “I was worried that I was going to have to disc it all under and go through the expense of replanting soy beans later in the season. However, the AgEagle data made it clear that I had only examined the worst-hit part of the field. Having the drone examine the whole field made my choice simple and I was confident that I had made the right choice.”
About AgEagle Aerial Systems, Inc.
Founded in 2012, 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, soybeans, 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 on 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.
Contacts:
Analysts and Institutional InvestorsLiolios Investor RelationsCody SlachSean MansouriP: 949-574-3860
Individual and Retail InvestorsIntegra Consulting GroupJeremy RoeP: 925-262-8305
(Snyder and de Melo-Abreu, 2005) Source for impact
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