WICHITA (Kan.), Nov. 20, 2023 — AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals, and SEALSQ Corp (Nasdaq: LAES) (“SEALSQ”) a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced their partnership to provide secure surveillance drones for public safety, government and defense applications.
In September 2023, AgEagle launched the eBee VISION, a cyber secure Unmanned Aerial System (UAS) designed for Intelligence Surveillance and Reconnaissance (ISR) missions. The eBee VISION embeds a SEALSQ Secure Element which is NIST FIPS140-2 Level 3 compliant and Common Criteria EAL5+ certified. Each chip is personalized with a unique Trusted Identity. This setup protects the drone from any takeover attempt, enables the drone to encrypt all data, protects the integrity of the embedded software, and provides a unique identity to the drone for GCS pairing and strong authentication.
These robust cybersecurity features, added to its unique operational capabilities, make the eBee VISION perfectly suitable to conduct public safety and defense applications. Indeed, the eBee VISION UAS is part of the U.S. Department of Defense (DoD)’s Defense Innovation Unit (DIU) project to develop a customized command and control software that is compatible and fully compliant with the DoD Robotic and Autonomous System-Air Interoperability Profile (RAS-A IOP), within the scope of the Blue UAS program.
The global commercial drone market is projected to reach the size of around $38 billion in 2027 and the market is expected to grow at a CAGR of 7.9 percent between 2022 and 2027 according to Statista. Key sectors such as public safety, security, defense, and inspection are at the forefront of this growth, most of them demanding robust privacy, encryption and security features.
eBee VISION delivers high-resolution video imagery made possible by its 32x zoom and powerful thermal observation capabilities, providing real-time situational awareness. Weighing only 3.5 pounds, the NDAA-compliant fixed-wing features live HD video feed, up to 90 minutes of flight time, and wireless coverage of up to 12 miles. eBee VISION can be deployed in just three minutes by a single operator and is controlled with a Ground Control System (GCS) developed with feedback from U.S. and European special forces to meet defense and public safety requirements.
“With an established track record in supplying leaders of the Commercial Drone Industry, SEALSQ is perfectly positioned to support manufacturers build cybersecure UAVs and achieve fast and cost-effective compliance with the most rigorous agencies standards,” said Carlos Moreira, CEO of SEALSQ.
AgEagle CEO, Barrett Mooney, added, “With the launch of our latest drone technology, the eBee VISION, we are dedicated to ensuring it integrates a certified secure element-a critical feature for safeguarding the data managed by our valued partners in public safety, government, and defense. Our partnership with industry leader SEALSQ underscores our commitment to protecting privacy and security.”
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 drone solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our website at www.ageagle.com
About SEALSQ:
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com
WICHITA, Kan., Nov. 14, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announces its financial results for the three and nine months ended September 30, 2023.
Third Quarter 2023 Financial Highlights
For more detailed information relating to the Company’s second quarter financial performance, please refer to the Interim Report on Form 10-Q filed yesterday afternoon with the U.S. Securities and Exchange Commission and accessible at www.sec.gov or on AgEagle’s website at www.ageagle.com.
Third Quarter 2023 Operational Highlights
Barrett Mooney, AgEagle’s Chairman and CEO, stated, “We enter the fourth quarter of 2023 optimistic about the Company’s long-term growth potential following the commercial release of our new eBee VISION drone. Given the rise in geopolitical conflicts and correlating increase in drone usage, we believe that AgEagle is well-positioned to support the increasing demand while remaining committed to achieving cost and productivity efficiencies and executing ongoing product innovation and our global marketing strategies.”
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 drone 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
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
AgEagle Aerial Systems Contacts:
Investor Relations:Email: UAVS@ageagle.comMedia: Email: media@ageagle.com
SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS
See accompanying notes to these condensed consolidated financial statements.
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(UNAUDITED)
AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)
See accompanying notes to condensed consolidated financial statements.
WICHITA, Kan., Nov. 09, 2023 — AgEagle Aerials Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announces that the Company will be exhibiting at the Milipol Homeland Security and Safety event in Paris from November 14-17, 2023, and during Modern Warfare Week November 13-16, 2023 in the Fayetteville, NC area.
“These international industry events help to shape new relationships with potential customers and strategic counterparts, as well as strengthen our relationships with existing customers and other AgEagle stakeholders. Events of this stature are invaluable to educating the industry on the competitive differentiation and value propositions of AgEagle’s leading edge UAS solutions. Importantly, they provide the opportunity to shine a spotlight on our latest drone innovations, including our new eBee VISION,” stated Barrett Mooney, AgEagle’s Chairman and CEO.
Milipol Paris 2023 is the leading event dedicated to homeland security and safety. The 23rd edition will be held at Paris-Nord Villepinte Exhibition Centre. Its last event welcomed about 800 exhibitors from 65 countries and 21,238 visitors from 138 countries. The Company will exhibit alongside its UK distributor Brigantes, an on-the-man tactical apparel and equipment procurement specialist offering state of the art soldier systems, in Booth H5 N118.
AgEagle will also be featured in Booth H5 L085 as part of the integration with Fischer Connectors’ hub. Fischer Connectors manufactures a next-generation hub military accessory, Fischer KEYSTONE™, which is compatible with AgEagle’s eBee VISION UAS and the Nett Warrior ecosystem. Designed to US Army Next Generation Hub (NGH) standards, Fischer KEYSTONE™ gives dismounted soldiers an easy way to manage the flows of data (USB 2.0 and SMBus) and power (100 W – 5 A max) between sights, sensors, night vision devices, radios, and digital equipment.
“Reliable, simple, does what it’s expected to do: that’s the feedback we receive from customers who have field-tested Fischer KEYSTONE,” stated Olivier Thormann, Product Manager for Fischer KEYSTONE™. “Soldiers already know how to use it – they clip it on, plug it in, and it just works.”
Modern Warfare Week 2023 convenes the Special Operations Forces (SOF) community to both educate and connect through discussions about the future of warfare from a SOF perspective. The event is jointly sponsored by GSOF and USASOC. On November 16, 2023, 10:00AM-6:00PM EST at The Range Complex in nearby Autryville, NC the AgEagle team will demonstrate the eBee VISION UAS, a real-time situational awareness system for security and defense professionals. This 3.5 lbs drone can be easily carried, deployed in 3 minutes, hand-launched, and operated by a single pilot. The team will showcase object detection, tracking and geo-location capabilities in both RGB and thermal views for ISR operation.
Also, for the duration of the event, both the eBee TAC and eBee VISION will be displayed in the exhibitor hall at the Company’s partner Tough Stump Technologies’ booth #417.
Investor Relations: Email: UAVS@ageagle.com
Media: Email: media@ageagle.com
CORE IR to Support Strategic Communications in Conjunction with Corporate Development Activities
WICHITA, Kan., Nov. 08, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announces it has retained CORE IR, a leading investor relations, public relations and strategic advisory firm, to assist the Company with investor relations and shareholder communications services.
AgEagle CEO, Barrett Mooney, commented, “We believe CORE IR’s integrated approach to communications and investor engagement will help AgEagle to expand our breadth of both institutional and retail investors while clearly articulating our story to the public at large. We have a truly unique story that we feel will continue to be well received as we continue our efforts to meet growing global demand for our advanced autonomous robotics solutions from the government/defense and commercial markets.”
CORE IR will focus on expanding market awareness for AgEagle Aerial Systems, conveying the Company’s business model and growth strategies to the institutional and retail investment communities. CORE IR specializes in leveraging the most effective investment, growth and exposure strategies for small to mid-sized publicly traded and privately-held companies through an integrated approach to relationship development and corporate communications.
“CORE IR is a great fit for AgEagle, as the depth of our team’s experience and capabilities will serve the Company’s investor relations goals well by expanding outreach, leveraging our tailored strategies to raise market awareness and engaging with the investment communities. We look forward to a strong strategic partnership that facilitates improved communications and supports shareholder value creation,” added Scott Gordon, president of CORE IR.
About CORE IR
Headquartered in Garden City, New York, CORE IR is comprised of senior market and practice leaders with expertise in Institutional and Retail investor relations and integrated corporate communications and capital markets advisory services. CORE IR provides proprietary integrated Investor and Public Relations Solutions that yield targeted exposure for small to mid-sized companies. For more information, please visit www.coreir.com.
CONTACTS:
Investor RelationsUAVS@ageagle.com
Media Relationsmedia@ageagle.com
Appoints New Chairman of the Board and Welcomes New Interim Chief Financial Officer
WICHITA, Kan., Oct. 19, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced key leadership changes to propel the Company’s strategic growth initiatives forward more rapidly, with emphasis on perpetuating deeper penetration of global sales and servicing the expanding needs of the government/defense industry sector.
Grant Begley, an independent member of the Board of Directors since June 2016, has been elected Chairman of the Board; and former Chairman Barrett Mooney will continue to serve as AgEagle’s Chief Executive Officer and as a member of the Board. In addition, the Board has named Mark DiSiena as the Company’s new Chief Financial Officer, succeeding Nicole Fernandez-McGovern in the position.
Commenting on the appointments, Begley stated, “With serious interest gaining momentum from government and military agencies worldwide in AgEagle’s eBee VISION, our ability to capitalize on opportunities for scaling our future revenue growth on an accelerated basis is dependent on having the necessary infrastructure in place to support it. We believe this shift in board roles will allow Barrett more time to focus on leading the Company’s day-to-day operations and global growth platform. Moreover, as the new Chairman of the Board, I intend to leverage my industry expertise, experience and longstanding relationships within the global defense industry to help advance AgEagle’s strategies to win a much greater share of increasing investments in leading UAS solutions by military and public safety organizations worldwide.”
About Grant Begley
Begley is an accomplished and globally recognized expert in Aerospace, Unmanned Systems and Robotics, currently serving as President of Concepts to Capabilities Consulting, LLC, a specialty consulting firm he founded in 2011 to help lead and guide development of new capabilities in Aerospace and Unmanned Aerial System (“UAS”) technologies for government/defense and commercial clients.
An active Board member of Vaya Space since 2015, Begley also served as the vortex-hybrid rocket company’s CEO from 2018 through 2022. Previous senior leadership roles have included Chief Business Development Officer and SVP of Alion Science and Technology, where he helped develop Alion’s $1 billion annual revenue Business Development Enterprise; Pentagon Senior Advisor for Unmanned Systems at the U.S. Department of Defense; Senior Director of Mission Systems Integration at Raytheon, where he led the Company’s cross-functional and cross-organizational integration of Digital Systems, Avionics, Electronics and Software operations; and Director of Advanced Concepts at Lockheed Martin, where he architected and steered development programs in the areas of UAS, Advanced Energetics and future generation weapon systems.
Retiring from the United States Navy after 26 years of service as an officer, Begley led operational assignments flying fighter aircraft, designated Top Gun, followed by assignments relating to development and management of next generation manned and unmanned aerial systems, weapon systems and joint executive acquisitions. During his distinguished military career, he also served as Director of Stealth, Counter Stealth Technology, Policy and Advance Programs; as well as and Joint and Navy Director of Tactical Aircraft, Missiles and UAS, managing and directing operations with an annual budget of $4 billion and a $30 billion future year budget plan.
Begley holds Master’s degrees in Aerospace and Aeronautic Engineering from the Naval Post-Graduate School and a Bachelor’s degree in General Engineering from the U.S. Naval Academy. From March 2011 to December 2021, he served as a founding member of the Board of Directors for the Association for Uncrewed Vehicle Systems International (“AUVSI”). AUVSI is the global leader for enhancing the advancement of uncrewed, robotic and autonomous systems for the benefit of humanity, the environment and economy.
About Mark DiSiena
In his new role as Interim Chief Financial Officer of AgEagle, DiSiena will oversee corporate finance, SEC reporting, compliance, treasury, financial planning and analysis, taxation, accounting, investor relations, procurement, internal audit, risk management, ERP optimization and corporate strategy. DiSiena, who is both a retired CPA and attorney with a securities and taxation background, brings to AgEagle over 30 years of experience working with domestic and international public and private companies spanning a range of industries.
Since November 2021, DiSiena has offered operational leadership and accounting oversight to clients through Cresset Advisors, a specialty consulting practice he founded to focus on the delivery of tailored interim CFO and advisory services. DiSiena has served in related leadership roles, including Chief Financial Officer for Kyruus Health, Titanium Healthcare, Decentral Life, Cherokee Brands and 4Medica. He has held management positions at Oracle-NetSuite, LVMH and Lucent Technologies/Bell Labs. In addition, he has consulted at notable companies that include PublicSq, World View Enterprises, ICON Aircraft, Cetera Financial Group, Countrywide Bank, Paramount Pictures and HauteLook. He began his career as an assurance auditor at PriceWaterhouseCoopers. DiSiena earned a Bachelor of Science degree with honors from New York University, an MBA from Stanford University and a law degree from Vanderbilt University.
Commenting on DiSiena’s appointment, Mooney added, “We fully expect that having Mark join our leadership team as CFO will prove to be another important inflexion in our business moving forward, and we are delighted he is here. Based on his impressive track record of success, diverse skillset and three decades of professional experience, we believe that he brings us a strong and independent strategic perspective that will positively impact how we tackle challenges and optimize opportunities ahead of us.”
Investor Relations UAVS@ageagle.com
Media Relations media@ageagle.com
WICHITA, Kan., Oct. 10, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced that the Company has been as one of the “Top 20 Artificial Intelligence and Robotics Companies Transforming the Agriculture Sector” by Insider Monkey, a finance website that provides free insider trading and hedge fund data to ordinary investors.
In its September 2023 article, Insider Monkey notes, “The global agriculture market, as of 2023, has witnessed huge growth, with a market size increasing from $12.25 trillion in 2022 to $13.40 trillion in 2023 This expansion can be attributed to several factors, like the increasing global population, which is projected to reach 10 billion by 2050 and has led to a heightened food demand.” Continuing, the article reads, “To list the top AI and robotics companies transforming the agriculture sector, we have included companies that have been actively involved in contributing innovative solutions for agriculture with the help of automation and AI. We have ranked the companies in order of number of employees, as the list is presented in ascending order.”
Listing AgEagle at #19 with an estimated 150 employees, Insider Monkey notes, “AgEagle Aerial Systems Inc. (NYSE:UAVS) contributes to the agriculture sector by offering drone-based data solutions that enable farmers and professionals to improve crop management, reduce input costs and increase yields through precise insights and monitoring. It is one of the top AI and robotics companies transforming the agriculture sector.”
Barrett Mooney, Chairman and CEO of AgEagle, said, “At AgEagle, we greatly appreciate it when our hard work and impact on the industry is publicly recognized.”
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 drone solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our website at www.ageagle.com.
AgEagle Aerial Systems Contacts: Investor Relations Email: UAVS@ageagle.com Media Email: media@ageagle.com
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AgEagle Sells the Only Drones with Both C6 and C2 Markings
WICHITA, Kan., Oct. 04, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced that the eBee X™, eBee TAC™ Public Safety, eBee™ Ag and eBee™ Geo drones (“eBee X Series“) have been designated with the C6 class identification label in accordance with the European Union (“EU”) regulations.
As of January 1, 2024, drone operators of C6-labeled eBees will be able to conduct Beyond Visual Line of Sight (“BVLOS”) operations with airspace observers over a controlled ground area in a sparsely populated environment throughout Europe. Operators simply need to submit a required declaration with their applicable National Aviation Authority indicating whether they intend to fly missions in accordance with the European Standard Scenario- (“STS”) 01 or STS-02.
With this new certification, the eBee X Series become the only professional drones in the market with both C6 and C2 markings, providing distinct advantages to operators throughout Europe.
Barrett Mooney, Chairman and CEO of AgEagle, noted, “The inclusion of the C6 marking alongside our C2-labeled eBee drones will significantly enhance the market advantages for our European customers. It grants access to areas and operational modes restricted to drones weighing over 4 kg, all without the requirement for formal permissions or regulatory waivers. Currently, only eBee drones possess both the C2 and C6 marking, affirming their status as the safest choice for flying over people and conducting BVLOS operations.”
To achieve the C6 classification, eBees underwent rigorous testing and evaluation by the notified body NavCert GmbH to confirm their compliance with specific EU criteria.
Marcel Visser, Managing Director of NavCert GmbH, stated, “Congratulations to AgEagle on achieving the C6 marking for the eBee X series drones. We are honored to have been the Notified Body (NB 2603) responsible for assessing the fixed-wing drones for the C mark. Our extensive experience and our contribution to the development of the EN 4709 standard have been invaluable in conducting the technical assessments mandated by the Commission Delegated Regulation (EU) 2019/945 on unmanned aircraft systems. We remain dedicated to upholding the requisite standards of quality and safety for drone operations within the European Union.”
In addition, beyond the scope of C2 and C6 markings, the eBee X Series achieved another milestone in June 2022 by becoming the industry’s first drones to receive a Design Verification Report (DVR) from EASA on M2 Ground Risk Mitigation. This pertains to the European “Specific Category” and allows for Operations Over People (OOP) and BVLOS flights under conditions not covered by EASA’s standard scenario STS-02. The DVR facilitates European drone operators in seeking approvals from their respective National Aviation Authorities.
The eBee X Series are high-performance fixed-wing mapping drones, autonomous, portable, safe, ultra-light (weighing under 2 kg / 4.4 lbs), and easy to use. eBees can map up to 500 ha / 1,235 ac and flight up to 90 minutes while maintaining a GSD down to 1.5 cm / 0.6 in. Explore eBee drones here: https://ageagle.com/solutions/drones/.
About NavCert GmbH NavCert is the first laboratory ever accredited in Europe in the field of GNSS, since 2018 even with a flexible scope. The firm provides worldwide technical services, like expert opinion, verification, validation, and voluntary certification services in the areas of precise positioning/localization, navigation, velocity and timing. Furthermore NavCert is accredited as certification body for unmanned aircraft systems (UAS) by the Deutsche Akkreditierungsstelle (DAkkS) and is notified (NB 2603) by the German Federal Office of Civil Aeronautics for the EU Type Examination of fixed-wing, copter and multicopter UAS in classes C0 to C4 in the Open Category and C5 to C6 in the Specific Category according to the Delegated Regulation (EU) 2019/945 incl. underlying standards. NavCert chairs the coordination group of notified bodies for UAS. These activities are complemented by GAP analysis of specification and documentation and pre-testing. For additional information, please visit NavCert website at www.navcert.de.
WICHITA, Kan., Oct. 03, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced that Barrett Mooney, Chairman and CEO of AgEagle, will present at the LD Micro Main Event XVI Conference to be held in Los Angeles this week. Mooney will also be available for one-on-one meetings with institutional investors throughout the event.
To be held at the Luxe Sunset Hotel in Los Angeles from October 3-5, 2023, the LD Micro Main Event is widely viewed to be one of the most important and influential conferences in the micro-cap world today. Since 2008, nearly two thousand companies have presented.
PRESENTATION DETAILS AT A GLANCE:
WHO: Barrett Mooney, Chairman and CEO, AgEagle WHEN: Wednesday, October 4, 2023 at 9:00 AM – 9:25 AM PT in Track 3 WHERE: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles
Registration for the live presentation can be accessed on the LD Micro conference website at https://me23.sequireevents.com/.
Represents Ideal Solution for Environmental Monitoring and Conservation Efforts by Commercial and Government Drone Operators
WICHITA, Kan., Sept. 14, 2023 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced that DeltaQuad, a global leader in the development, design and production of electrical, long range Vertical Take-Off and Landing (“VTOL”) drones, is the first to fully integrate AgEagle’s latest sensor innovation, the RedEdge-P™ dual, in its new DeltaQuad EVO.
The EVO is DeltaQuad’s next generation UAV technology offering a wide range of advanced features and exceptional performance. With over four hours of flight time, up to 270 km range, dual payload bays and high quality composites, EVO provides optimal versatility and superior functionality for its global base of commercial and government customers. When equipped with the RedEdge-P dual, the DeltaQuad EVO is empowered to capture imagery that mirrors Landsat 8 and Sentinel-2 satellite bands in just one drone flight and at a higher resolution, making it ideal for plant classification, weed identification, environmental research and conservation and vegetation analysis of water bodies.
Introduced to market in May 2023, the RedEdge-P dual doubles a drone operator’s analytical capabilities with the benefit of a single camera workflow; allows simultaneous capture of up to ten bands; and enables multiple high resolution outputs, such as RGB, crop vigor indices, composites (NDVI, NDRE, CIR) and high resolution panchromatic. Essentially, the new RedEdge-P dual is a blend of AgEagle’s RedEdge-P and RedEdge-P Blue cameras. Its coastal blue band – the first of its kind in the market – is specifically designed for applications such as environmental monitoring, water management, habitat protection and identification of vegetation species and weeds, as well as for differentiating and counting plants, trees and invasive species.
Douwe Zeeman, Chief Executive Officer of DeltaQuad, stated, “Researchers, ocean ecologists, conservationists and commercial and government environmental engineers worldwide are recognizing the immense value of using advanced drone and sensor technologies in lieu of opting for lower resolution satellite photos and slower land surveying equipment for tracking environmental changes and monitoring vital natural ecosystems. We’re very excited to be combining the power and high performance of the EVO with the RedEdge-P dual to offer our customers an all-in-one, cost effective solution that is capable of redefining how environmental monitoring and protection efforts are approached and managed.”
AgEagle Chairman and CEO, Barrett Mooney, added, “Monitoring land and water environments – particularly those in extreme and remote regions of the planet, have long proven to be limited in extent due to the high cost of ground-based sampling and low resolution satellite imagery. Therefore, there is a clear and immediate need to undertake quick and accurate vegetation surveys that are low impact, cost effective and repeatable with high precision – all possible with adoption of advanced drone technologies. When choosing the DeltaQuad EVO paired with AgEagle’s RedEdge-P dual, users can take advantage of our combined capabilities to close the gap in conventional conservation management practices and benefit from actionable data, monitoring environmental change and resources over both short and long timeframes.”
About DeltaQuad DeltaQuad is a pioneer in long-range eVTOL fixed-wing UAVs, designing and manufacturing its smart technology in the Netherlands since 2012. Focused on continuous improvement, DeltaQuad provides creative and economically attractive solutions for mapping, inspection, and surveillance. They are committed to offering one of the most reliable and user-friendly eVTOL platforms on the market, helping companies across different industries innovate together. For more information, please visit www.deltaquad.com.
Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
DeltaQuad Contact: marketing@deltaquad.com
WICHITA, Kan., Sept. 12, 2023 — Barrett Mooney, Chairman and CEO of AgEagle Aerial Systems Inc. (NYSE American: UAVS), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, was interviewed live on FOX Business Network’s “The Big Money Show” yesterday afternoon to discuss the robust applications and benefits of the Company’s new eBee™ VISION unmanned aerial system (“UAS”).
Created specifically for applications in defense, fire and rescue, law enforcement and border patrol, among other sectors, the eBee VISION is a high performance, high endurance UAS designed to detect, track and geo-locate persons or points of interest during both day or night missions. Weighing just 3.5 pounds, deployable by one person in less than three minutes and providing real-time, high resolution video intelligence, surveillance and reconnaissance during its up to 90-minute flight time, the eBee VISION is a powerful alternative to larger, military grade drones on the market.
Commenting on his second appearance on FOX Business in less than a week, Mooney stated, “We are thrilled that AgEagle and our latest drone innovations are beginning to capture the attention of the national media. It is a pleasure to be able to share the details of our team’s innovation with the world and increase awareness of the eBee VISION.”
Broadcast on the FOX Business channel every Monday through Friday at 1:00 PM Eastern Time, “The Big Money Show” co-anchors Brian Brenberg, Jackie DeAngelis and Taylor Riggs host the informative and fast-paced hour filled with business topics that impact everyone and blend their knowledge on economics, markets and policy.
To view a replay of the interview, please click here.
