Order represents the largest sensor sale in Company history
WICHITA, Kan., Dec. 19, 2024 — AgEagle Aerial Systems Inc. (NYSE: UAVS) (“AgEagle” or the “Company”), 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 received order for 60 RedEdge-P Multispectral Sensors from an East Asian value-added reseller (VAR).
AgEagle CEO Bill Irby commented, “This sale marks another significant milestone in 2024 as the Company continues to secure larger quantity orders, in this case, the largest sensor order in our history. We remain dedicated to enhancing our product offerings and driving new revenue streams as AgEagle maintains its course in positioning for long-term shareholder value creation.”
RedEdge-P Multispectral Sensors are NDAA compliant, high-resolution multispectral and RGB sensor featuring a high-resolution panchromatic band for pan-sharpened output resolutions of 2 cm / 0.8 in at 60 m / 200 ft. Its five narrow multispectral bands with scientific-grade filters make it the perfect camera for calculating multiple vegetation indices and composites.
The requisition of AgEagle’s RedEdge-P Multispectral Sensors is to fulfill the customer’s need for effective, high-quality sensors for research on seaweed species. The customer plans to use this equipment primarily to test for seaweed and red tide outbreak. AgEagle expects to deliver all sensors in February 2025.
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 and the success of a new strategic plan. 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
Three eBee VISION units add to DALO’s existing fleet of operational eBee X drones
WICHITA, Kan., Dec. 17, 2024 — 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 a recent expansion upon its existing eBee X drone fleet for the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) with the sale and delivery of three eBee VISION drones.
AgEagle CEO Bill Irby commented, “DALO’s expansion of their existing eBee drone fleet underscores the reliability, performance, and versatility of our UAS in meeting the rigorous demands of military and defense applications. As we continue to demonstrate our ability to provide enhanced intelligence, surveillance, and reconnaissance capabilities, we expect to further solidify our presence in the defense market while building long-term value for all our stakeholders.”
The eBee VISION system is designed for real-time situational awareness for public safety and military intelligence, surveillance, and reconnaissance (ISR) applications. It is carried in a backpack, hand-launched, and is controlled by a single pilot for fast relocation and deployment in rapidly changing environments. The eBee VISION is capable of visual and thermal (IR) imaging, even when GPS satellites are unavailable or in GNSS-denied conditions. The two-way comms between operator and UAS are validated as cyber-secure with AES-256 encryption, which the U.S. government has named the encryption standard for government and military applications.
DALO is responsible for acquiring, maintaining, developing, and phasing out material capacities, ensuring timely provisions for Danish Defence operations. This acquisition included three complete units of eBee VISION to join the existing fleet of eBee X drones, which are already operational in their mapping missions. The final delivery to the client has been completed.
Proxy voting deadline is 11:59 p.m. (Eastern Time) on December 19, 2024
WICHITA, Kan., Dec. 16, 2024 — Management of AgEagle Aerial Systems Inc.(NYSE: UAVS) (“AgEagle” or the “Company”), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, reminds stockholders to vote their proxy ahead of the deadline of 11:59 p.m. (Eastern Time) on Thursday, December 19, 2024.
AgEagle CEO Bill Irby commented, “Over the last year, we have made significant progress in strengthening AgEagle’s market position and product roadmap, defining a clear path toward long-term stockholder value creation. As we continue to build and navigate new interest within the defense and commercial sectors for our best-in-class UAS, we are evaluating a range of options to fund our next phase of production and growth. Part of these efforts requires the flexibility to issue more shares of our stock, specifically a current capital raise that requires an increase in our authorized share count to enable Series B warrant conversions. We are therefore asking stockholders to help us build a financial bridge to continued growth and long-term stockholder value by voting FOR all proposed matters.”
AgEagle’s Board of Directors unanimously recommends that shareholders vote “FOR” all proposed matters that will be voted on at the special meeting of the Company’s shareholders (the “Special Meeting”). The Company’s shareholders are encouraged to read the meeting materials in detail and cast their votes prior to the proxy voting deadline. Both leading proxy advisory firms, ISS and Glass Lewis, are also recommending investors vote in support of all matters.
The Special Meeting will be held on Friday, December 20, 2024 at 11:00 a.m. (Eastern Time). It will be held in a virtual-only format, via live webcast at https://web.viewproxy.com/uavs/2024.
How to Vote and Shareholder Questions
To ensure that your shares will be voted at the Special Meeting, shareholders are encouraged to vote online or by telephone in advance of the proxy cut-off of 11:59 p.m. (Eastern Time) on December 19, 2024. Beneficial owners are urged to check their proxy cards or contact their broker or nominee to determine whether they can vote by telephone or electronically. Stockholders who have questions about the meeting resolutions or need assistance voting may contact Alliance Advisors LLC, AgEagle’s proxy solicitor at:
Alliance Advisors LLC
Telephone: 866-620-1197 (toll free)Email: UAVS@AllianceAdvisors.com
Registered Holders:
INTERNET: Vote online at www.FCRvote.com/UAVS using the control number located on the proxy card.
TELEPHONE: Call 1-866-402-3905 toll free and follow the instructions for telephone voting on your proxy card.
MAIL: Votes may by cast by mail by completing, signing, and dating the proxy card or voting instruction card and mailing it in the accompanying pre-addressed envelope.
Green UAS certification assesses and verifies commercial drones meet the highest levels of cybersecurity and NDAA supply chain requirements
WICHITA, Kan., Dec. 11, 2024 — 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:
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.
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.
WICHITA, Kan., Nov. 21, 2024 — 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 the appointment of L.B. Day to the Company’s Board of Directors effective November 17, 2024.
AgEagle CEO Bill Irby commented, “We are thrilled to announce the appointment of L.B. Day to our Board of Directors. His unparalleled expertise in strategic planning, marketing, and executive team development will be invaluable as we continue to drive innovation and growth. L.B.’s track record speaks for itself, and we are confident that his insights and leadership will help us navigate the challenges ahead and seize new opportunities as we continue to build long-term shareholder value.”
L.B. Day recently retired as president of L.B. Day & Company, whose parent company he co-founded in 1977. Well known for his work in strategic planning and executive team development, Mr. Day has consulted at the senior executive level with organizations that include DuPont Air Products Nanomaterials, Fujitsu, IBM, Intel, Raytheon, Xerox, and various U.S. government agencies, implementing strategic planning, marketing, organization improvement, and executive-team development strategies. Mr. Day has served on numerous boards of directors including those of startups, nonprofits, and publicly held companies. He served for 27 years on the board of directors of Microchip Technology and currently serves on the board of Okika Technologies and on the advisory board of Exokeryx. Mr. Day has been published in various trade publications on strategic planning, leading change, and team leadership and has developed content materials for client companies on strategic planning, leadership development and executive coaching. Mr. Day earned his MBA from George Washington University, where he was a Scottish Rite Fellow.
Investor Relations:Email: UAVS@ageagle.comMedia:Email: media@ageagle.com
WICHITA, Kan., Nov. 21, 2024 — 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 the appointment of Adrienne Anderson as Interim Chief Financial Officer effective November 14, 2024.
AgEagle CEO Bill Irby commented, “Adrienne possesses an impressive track record of financial stewardship and strategic vision, bringing a wealth of public sector experience that will be invaluable as we continue to drive growth and innovation while safeguarding company assets. Her commitment to fostering a culture of transparency and accountability will be instrumental as we strive to enhance our market position and deliver on our commitment to building long-term shareholder value.”
Adrienne Anderson, CPA, is a seasoned financial executive with deep experience in preparing financial statement audits under Public Company Accounting Oversight Board (PCAOB) auditing standards for SEC reporting companies. As founder and owner of Anderson Accounting and Consulting, LLC, Adrienne has focused on assisting public companies with financial reporting, SEC filings, technical accounting matters, complex debt and equity transactions, and creating efficiencies in the financial reporting and external audit processes. Ms. Anderson is currently serving as interim CFO of a Nasdaq listed public company, specializing in the treatment of wastewater since January 2024. Previous leadership roles include audit partner at a PCAOB registered public accounting firm located in Palm Beach Gardens, Fla., where she focused her practice on accounting, auditing, attest and review services, specializing in working with emerging growth and high growth technology, manufacturers, distributors and service companies, as well as government contractors, both SEC registrants and private companies. Additionally, she was a partner with WithumSmith+Brown, a large regional CPA firm, and Audit Committee Chair of a Nasdaq listed company headquartered in Minneapolis, Minn. Ms. Anderson earned a Bachelor of Science in Accounting from Eastern Illinois University and is a certified public accountant licensed in Florida and Illinois.
Ms. Anderson commented, “I am grateful to join AgEagle at such a pivotal time in the company’s evolution. I look forward to enhancing our financial health and strategic direction to ensure our fiscal policies align with our long-term vision and meet the expectations of our stakeholders. Together, we will build on AgEagle’s strong foundation and capitalize on the tremendous opportunities ahead to build sustainable growth.”
AgEagle Aerial Systems Contacts Investor Relations: Email: UAVS@ageagle.com Media: Email: media@ageagle.com
Retired U.S. Navy pilot and seasoned aviation executive brings over 30 years experience
WICHITA, Kan., Nov. 20, 2024 — 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 the appointment of Brent Klavon to the Company’s board of directors effective November 8, 2024.
AgEagle CEO Bill Irby commented, “We are grateful to welcome Brent Klavon to our board of directors. With over 30 years of aviation and strategic leadership experience, Brent brings a wealth of knowledge and expertise that will be invaluable as we continue to innovate and lead in the UAV sector. His deep understanding of aviation regulations, technology advancements, and market dynamics will help us navigate the challenges ahead and seize new opportunities for growth. We are confident that Brent’s leadership will play a crucial role in shaping our strategic vision as we continue to build long-term shareholder value.”
Brent Klavon is a retired U.S. Navy pilot and squadron Commanding Officer with over 3,000 flight hours logged. He was instrumental in the launch of the Navy’s MQ-4C Triton program before transitioning to the private sector serving in pivotal roles, including Chief Strategy Officer at ANRA Technologies as a leader of global operations and strategic planning as well as board member at the Association for Uncrewed Vehicle Systems International (AUVSI) from 2018-2021. He is well-versed in the nexus between policy, regulations, standards, technology, and social acceptance and is an FAA certified Commercial Pilot and Remote Pilot.
Key UAV stakeholders assembled with government officials to confer on U.S. drone technology matters
WICHITA, Kan., Nov. 18, 2024 — 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 the company recently attended the White House by invitation to engage in strategic discussions regarding the future of commercial unmanned aerial vehicles (UAVs).
The meeting assembled key stakeholders from the UAV industry along with government officials from the National Security Council and National Economic Council to explore a variety of issues including supply chain security, manufacturing, and policies related to beyond visual line of sight operations (BVLOS) in U.S. airspace.
AgEagle CEO Bill Irby commented, “We are honored to have been invited to the White House to discuss the transformative potential of the commercial UAV market. This invitation underscores our commitment to innovation and its contributions to the trajectory of drone technology in the United States. This dialogue is an important step toward fostering collaboration between the private sector and government, ensuring that we harness and scale the benefits of this technology in the most effective and responsible manner. We look forward to future opportunities to strengthen our support for safety and compliance measures as the use of UAVs to provide precise real-time intelligence continues to grow in both the government and commercial markets.”
Significant milestone achieved as Company executes on US market expansion strategy
WICHITA, Kan., Nov. 14, 2024 — 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 secured 17 new purchase orders for eBee TAC drones from U.S. defense and security customers.
Bill Irby, CEO of AgEagle commented, “We are grateful to reach a pivotal milestone in the execution of our U.S. defense and security market growth strategy outlined previously in my letter to shareholders. With the increasing demand for our eBee TAC drones, we are strategically positioned to lead in the Tactical Intelligence, Surveillance, and Reconnaissance (ISR) vertical. This demand fuels our commitment to developing innovative UAS platforms designed to solve complex operational challenges and close critical gaps in tactical ISR. Leveraging our expertise, we will continue advancing UAS solutions that provide defense and security operators with precise real-time intelligence, ensuring that we meet and exceed the evolving needs of our defense partners while strengthening our commitment to building long-term shareholder value.”
The eBee TAC platform, known for its robust tactical mapping capabilities, offers unparalleled advantages in surveillance, mapping, and 3D visualization-vital capabilities for both defense and cross-industry applications that demand accuracy and operational reliability. The platform has proven itself in various operational environments, supporting defense forces with its seamless integration into diverse networks utilizing existing architecture.
Delivery of the 17 eBee TAC systems is expected to occur by the end of November.
Attachment
WICHITA, Kan., Nov. 13, 2024 — AgEagle Aerial Systems Inc. (the “Company”) (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, announced today that the Company received a notice from the NYSE American LLC (“NYSE American”) on November 6, 2024, advised that the Company had regained compliance with its continued listing standard set forth in Section 801(h) and Section 803(B(2)(C) of the NYSE American Company Guide. Specifically, the Company now has at least 50% board independence and two independent audit committee members.
