WICHITA, Kan., Oct. 12, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced the Company will be exhibiting at INTERGEO Expo 2022 in Essen, Germany at Messe Essen conference center on October 18-20, 2022. AgEagle’s exhibit will be located in Expo Hall 1 in Congress Center Essen West in Booth #A1-024, where key members of the AgEagle team will be available for one-on-one product discussions.
In addition, Pierre-Alain Marchand, Head of Regulation at AgEagle, will host an educational lecture, titled “European Drone Regulations Explained: Challenges, Benefits and Opportunities.” Marchand’s presentation will focus on the changing drone regulatory landscape in Europe, detailing the different operational categories defined by the European Commission and sharing considerations for simplifying registration and authorization processes for advanced missions, including Beyond Visual Line of Sight (BVLOS) and Operations Over People (OOP).
DETAILS AT A GLANCE:
INTERGEO Expo 2022 is one of Europe’s top must-attend events for the international geospatial community, showcasing over 450 companies making critical advancements in surveying: from spatial reference and positioning to 4D geospatial IoT and mobile mapping applications. At this year’s event, trend topics, such as Building Information Modeling (BIM) and the diverse application possibilities of the Digital Twins, as well as current requirements for Smart Cities and rural areas, will be in focus. In addition, viewed from the vantage point of climate change, the digital collection of data via remote sensing satellites, UAV, TLS or other sensors offers opportunities and solutions for more sustainable interaction of humans with nature, will also be an area of emphasis at the show.
About AgEagle Aerial Systems Inc.
AgEagle is actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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.
WICHITA, Kan., Aug. 31, 2022 — 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/defense use, today announced that AgEagle CEO Barrett Mooney will be a featured speaker at Commercial UAV Expo 2022 to be held in Las Vegas next week, September 6-8, 2022.
In addition, AgEagle will be exhibiting at the event’s Exhibit Hall in Booth #709, where Company officials will be available for one-on-one product demos and discussions and interviews with the media. AgEagle customers and business partners are eligible to receive Exhibit Hall registrations at no charge. To arrange free registration, please contact media@ageagle.com.
Commercial UAV Expo, presented by Commercial UAV News, is the leading international trade fair and conference focusing on the integration and operation of commercial unmanned aerial systems. Industries covered include Construction, Drone Delivery, Energy & Utilities, Forestry & Agriculture, Mining & Aggregates, Infrastructure & Transportation, Public Safety & Emergency Services, Security and Surveying & Mapping. This year’s conference will feature 200+ best-in-class exhibitors, host over 2,500 attendees and provide engaging keynotes and panel discussions throughout the two-day event. For more information, please visit www.expouav.com.
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 StatementsThis 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:
Three and Six Month Revenues Climb 173% and 151%, Respectively, Over Prior Year’s Comparable Periods
Management to Host Corporate Update Webcast Today at 4:30 PM ET
WICHITA, Kan., Aug. 16, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced its financial results for the three and six months ended June 30, 2022.
Financial Highlights for the Comparable Three-Month Periods Ended June 30, 2022 and June 30, 2021
Financial Highlights for the Comparable Six-Month Periods Ended June 30, 2022 and June 30, 2021
For more detailed information on the Company’s financial performance for the three and six months ended June 30, 2022 and 2021, please refer to the 10-Q filed with the U.S. Securities and Exchange Commission and accessible online via www.sec.gov or on AgEagle’s website at https://ageagle.com/investors/#investors-sec.
Nicole Fernandez-McGovern, AgEagle Chief Financial Officer and Executive Vice President of Operations, stated, “We are very pleased with our financial results for the first half of 2022, reflecting strong revenue growth from our combined 2021 acquisition activities and organic growth initiatives. Robust demand for our autonomous robotics solutions, along with key business improvements implemented this year, are contributing to our efficient management of ubiquitous inflationary pressure, supply chain constraints and other macroeconomic headwinds. We continue to be thoughtful and purposeful about how we are growing our business, while simultaneously managing our investments to capture long-term value for our shareholders.”
Barrett Mooney, Chairman and CEO of AgEagle, added, “We posted another solid quarter for Q2, building on our momentum from the start of the year. Looking forward, we expect another strong quarter in Q3, wherein we remain focused on clearing backlog for our sensors, pursuing large sales opportunities for our eBees and sensors and pressing hard on our new innovations program with a goal of introducing next generation products to market later this year. We remain committed to our goal of becoming cash flow breakeven, while continuing to prudently invest in our products and capabilities to drive profitable growth opportunities on a global scale. “
Second Quarter 2022 Corporate Update Webcast
This afternoon beginning at 4:30 pm Eastern Time, AgEagle’s leadership will host a corporate update webcast that will be broadcast live and available for replay on https://www.webcaster4.com/Webcast/Page/2160/46258. If any difficulty is encountered while connecting to the webcast, please contact Gateway Group at 949-574-3860.
AgEagle and its wholly-owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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 websites at www.ageagle.com.
WICHITA, Kan., Aug. 09, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, will host a webcast on Tuesday, August 16, 2022 at 4:30 p.m. Eastern time to discuss recent operational developments and its financial results for the second quarter ended June 30, 2022.
AgEagle CEO Barrett Mooney and CFO Nicole Fernandez-McGovern will host the corporate update. Investors and analysts are encouraged to submit questions they would like management to address during the discussion via email to UAVS@gatewayir.com by Friday, August 12, 2022 at 5:00 p.m. Eastern time.
Webcast Date: Tuesday, August 16, 2022Time: 4:30 p.m. Eastern time (3:30 p.m. Central time)Webcast Link: https://www.webcaster4.com/Webcast/Page/2160/46258
The corporate update will be broadcast live and available for replay via the link above. If you have any difficulty connecting to the webcast, please contact Gateway Group at 949-574-3860.
About AgEagle Aerial Systems Inc.AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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 websites at www.ageagle.com.
WICHITA, Kan., Aug. 02, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that pursuant to certain waiver agreements dated as of July 22, 2022, the Company has made final holdback payments in full satisfaction of its payment obligations for the 2021 acquisitions of MicaSense, senseFly, SA and senseFly, Inc. in an effort to strengthen its balance sheet and properly position the Company for strategic growth opportunities.
Commenting on the debt negotiation, Barrett Mooney, Chairman and CEO said, “Thanks to our institutional shareholders who have continued to support our capital raising efforts, and in light of the tightening capital markets, we are very pleased to announce that AgEagle was able to settle more than $7.35 million of debt at a significant and beneficial discount.”
On July 22, 2022, AgEagle entered into waiver agreements pursuant to which the Company was released from 50% of its payment obligations relating to holdback amounts in connection with the acquisitions of MicaSense and senseFly. Upon making cash payments totaling $3,650,601 on July 29, 2022, AgEagle fully satisfied its payment obligations.
Nicole Fernandez-McGovern, Chief Financial Officer and Executive Vice President of Operations at AgEagle, stated, “We are very pleased to have satisfied all contractual payment obligations in consideration of our acquisitions of MicaSense and senseFly at highly favorable, cash-preserving terms for our Company. We will continue to seek creative and meaningful strategies to further strengthen our balance sheet and create value for our shareholders in the future.”
For additional details regarding the debt settlement, please refer to the Form 8-K to be filed with the U.S. Securities & Exchange Commission later today and accessible at www.sec.gov.
WICHITA, Kan., July 12, 2022 — AgEagle Aerial Systems Inc. (NYSE:UAVS) (“AgEagle” or the “Company”), an industry leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that the Federal Aviation Administration’s (“FAA”) commercial drone registration data confirms that the Company’s eBee is the most used fixed wing small Unmanned Aerial System (“sUAS” or “drone”) in the United States, accounting for 41% of all commercial fixed-wing drone registrations in the nation since 2016.
According to the Company’s analysis of official FAA Part 107 commercial drone registration data supplied to AgEagle pursuant to its FOIA Request submission, from 2016 – 2021, the eBee was the commercial sUAS of choice for U.S. commercial drone operators, outnumbering all other fixed wing drones registered, including Vertical Take-off and Landing (“VTOL”) aircraft, by a large margin as reflected in the table.
Barrett Mooney, Chairman and Chief Executive Officer of AgEagle, stated, “AgEagle is very proud that the eBee is the commercial fixed wing drone of choice for commercial drone operators in the United States. We believe our leading share of the U.S. market is a direct reflection of our dedication to meeting the needs of our customers through our unrelenting focus on ease of use, flight safety and consistent mission-specific performance. Moreover, we expect that this same focus on drone safety and advanced functionality is why our line of eBee sUAS continues to succeed in meeting evolving Beyond Vision Line of Sight (BVLOS) and Operations Over People (OOP) regulatory requirements in an expanding number of countries worldwide, including, most recently, our BVLOS approvals in Brazil. As the FAA advances towards the safe integration of commercial drones into U.S. airspace and permits BVLOS and OOP on a commercial scale, AgEagle intends to be right at the forefront partnering with industry partners to capitalize on the numerous benefits afforded by safe and reliable drone technologies.”
On the regulatory front, AgEagle’s eBee X was the industry’s first drone to receive EASA design verification essential for beyond visual line of sight (“BVLOS”) flights and operations over people (“OOP”) in the European Union, as well as regulatory approval for BVLOS operations in Brazil and OOP in Canada. Earlier this year, our eBee TAC™ was the industry’s first drone to be added to the Blue UAS Cleared List by the U.S. Department of Defense’s Defense Innovation Unit under the Blue sUAS 2.0 program.
Earlier this month, the Brazilian National Civil Aviation Agency (ANAC) approved BVLOS flights to be carried out in Brazil using AgEagle’s eBee Geo and eBee Ag fixed wing drones. Working in collaboration with technical partners, AL Drones, a drone engineering and consulting specialist, and geotechnology company Santiago & Cintra Geotecnologias, the Design Authorization from ANAC was secured for BVLOS flight clearance. The eBee Geo and eBee Ag drones received approval by demonstrating the safety requirements of the ANAC RBAC-E94 Regulation Unmanned Aircraft through detailed engineering analyses and in-depth flight testing. Following the certification, eBee Geo and eBee Ag drone operators in Brazil now only need to acquire a CAER (Special Airworthiness Certificate for RPA) certificate for the aircraft with Santiago & Cintra before flying BVLOS operations.
AL Drones Co-Founder André Arruda noted, “The Design Authorization process for the eBee Geo and eBee Ag was completed in four months — a record time for this type of ANAC approval. Throughout the process, it was proven that the eBees meet all requirements for BVLOS flights in our country, including safety systems, protection logics, anti-collision lights, systems redundancy and operational and emergency procedures for flights beyond the remote pilot’s view. This demonstrates the design maturity of the eBee line of drones, widely used in Brazil for mapping, and also affirms the high level of safety in BVLOS operations with this equipment.”
AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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 websites at www.ageagle.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/28f75020-757b-4d08-9d10-546f318253a5
WICHITA, Kan., June 30, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that, it has entered into a securities purchase agreement with an institutional investment firm (the “Investor”), which is an existing AgEagle shareholder. Pursuant to the agreement, the Investor will purchase 10,000 shares of Series F 5% Convertible Preferred Stock (the “Series F Convertible Preferred”) and warrants to purchase up to 16,129,032 shares of common stock at an exercise price of $0.96 per share (the “Warrants”), for gross proceeds of approximately $10 million. The Series F Convertible Preferred will be convertible into 16,129,032 shares of the Company’s common stock at a conversion price of $0.62 per share. The Warrants are not exercisable for the first six months after issuance and have a three-year term from the exercise date. Upon exercise of the Warrants in full by the Investor, the Company would receive additional gross proceeds of approximately $15.5 million. A certificate of designation setting forth the terms, dividends, rights and other privileges of the Series F Convertible Preferred will be filed with the Secretary of State of the State of Nevada. The Investor has the right, subject to certain conditions, including shareholder approval, to purchase up to $25,000,000 of additional shares of Series F Convertible Preferred and warrants. That option will be available for a period of 18 months after shareholder approval at a purchase price equal to the average Volume Weighted Average Pricings (“VWAPs”) for three trading days prior to the date the Investor gives notice to the Company that it will exercise the option.
The Company expects the net proceeds from the offering to be approximately $9.92 million after deducting approximately $80,000 in offering expenses. The Company expects to spend the balance of the proceeds for general working capital and capital expenditure purposes. The offering is expected to close on or about June 29, 2022, subject to the satisfaction of customary closing conditions.
Commenting on the financing, Nicole Fernandez-McGovern, CFO of AgEagle, noted, “We are very pleased to be proceeding with this offering, which, upon closing, will further strengthen the Company’s liquidity position.”
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A registration statement relating to the offered securities (File Number 333-252801) has been declared effective by the Securities and Exchange Commission. A prospectus supplement relating to the securities will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov. For more detailed information relating to this transaction, please refer to the related Form 8-K to be filed with the U.S. Securities and Exchange Commission.
WICHITA, Kan., June 29, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today reported that steps taken to increase supply due to significant demand for its new MicaSense Altum-PT and RedEdge-P sensors, and its legacy RedEdge-MX sensors, will enable the Company to ship more than $2 million in backlogged purchase orders in the third quarter, ending September 30, 2022. In addition, AgEagle expects to meet ongoing global market demand for its multispectral sensors moving forward, notwithstanding any further unforeseen delays.
“Since the market launch of AgEagle’s latest drone sensor innovations in the fourth quarter of 2021, market demand for the Altum-PT and RedEdge-P has been skyrocketing due largely to escalating global adoption of advanced sensor technology in Agriculture, Plant Research, Land Management and Forestry Management. We are very pleased to report that our efforts to overcome bottlenecks in our supply chain for electronic components used in the production of our sensors have proven successful, positioning AgEagle to regain momentum on fulfilling millions of dollars in backorders we’ve received over the past three quarters,” stated Barrett Mooney, Chairman and CEO of AgEagle.
Continuing, Mooney said, “Looking ahead, these efforts should also help to ensure that we fulfill future orders on a much timelier basis as we continue to provide premium, high quality solutions for our customers and the industry. We are thrilled that drone operators around the globe are recognizing the value and superior performance capabilities of our advanced sensors. Moreover, we greatly appreciate the patience and understanding our customers have demonstrated as we’ve worked through the supply chain challenges that have delayed our sensor shipments.”
Altum-PT is an optimized three-in-one solution for advanced remote sensing and agricultural research. It seamlessly integrates an ultra-high resolution panchromatic imager, a built-in 320X256 radiometric thermal imager and five discrete spectral bands to produce synchronized outputs such as RGB color, crop vigor, heat maps and high resolution panchromatic in just one flight. Offering twice the spatial resolution of the prior Altum™ sensor, Altum-PT empowers users with deeper analytical capabilities and broader, more diverse applications; enabling them to discern issues at the plant level, even in the early growth stages; and to conduct early stage stand counting, as well as season-long soil monitoring, among other critical uses.
A single camera solution which is compatible with a wide array of drone aircraft ranging from large fixed wing to small multirotor, RedEdge-P captures calibrated high-resolution multispectral and RGB imagery with an optimized field of view and capture rate for efficient flights. This solution seamlessly integrates a high resolution, all-color imager with synchronized multispectral imagers to enable pixel-aligned outputs at previously unattainable resolutions, while maintaining the efficiency and reliability of its RedEdge™ legacy. Processing of data outputs is enabled through industry standard software platforms, including AgEagle’s Ground Control.
Sales inquiries relating to AgEagle’s sensors should be directed to sales@micasense.com.
AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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.
WICHITA, Kan., June 27, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that, it has entered into a securities purchase agreement with an institutional investment firm (the “Investor”), which is an existing AgEagle shareholder. Pursuant to the agreement, the Investor will purchase 10,000 shares of Series F 5% Convertible Preferred Stock (the “Series F Convertible Preferred”) and warrants to purchase up to 10,416,667 shares of common stock at an exercise price of $0.96 per share (the “Warrants”), for gross proceeds of approximately $10 million. The Series F Convertible Preferred will be convertible into 16,129,032 shares of the Company’s common stock at a conversion price of $0.62 per share. The Warrants are not exercisable for the first six months after issuance and have a three-year term from the exercise date. Upon exercise of the Warrants in full by the Investor, the Company would receive additional gross proceeds of approximately $10 million. A certificate of designation setting forth the terms, dividends, rights and other privileges of the Series F Convertible Preferred will be filed with the Secretary of State of the State of Nevada. The Investor has the right, subject to certain conditions, including shareholder approval, to purchase up to $25,000,000 of additional shares of Series F Convertible Preferred and warrants. That option will be available for a period of 18 months after shareholder approval at a purchase price equal to the average Volume Weighted Average Pricings (“VWAPs”) for three trading days prior to the date the Investor gives notice to the Company that it will exercise the option.
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.
For more information, please visit www.ageagle.com.
WICHITA, Kan., June 21, 2022 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that the European Union Aviation Safety Agency (“EASA”) has issued a Design Verification Report (“DVR”) establishing that eBee X meets Ground Risk Class (“GRC”) M2 mitigation qualifications based on Specific Operation Risk Assessment (“SORA”) methodology.
The eBee X is the industry’s first drone to receive a DVR from EASA on M2 mitigation, paving the way for European drone operators to seek approvals from their applicable National Aviation Authorities to use the eBee X to fly Beyond Visual Line of Sight (“BVLOS”) missions and conduct Operations Over People (“OOP”).
The EASA design verification report demonstrates that the eBee X meets the highest possible quality and ground risk safety standards and, thanks to its lightweight design, effects of ground impact are reduced. As such, drone operators conducting advanced drone operations in 27 European Member States, Iceland, Liechtenstein, Norway, and Switzerland can obtain the HIGH or MEDIUM robustness levels of the M2 mitigation without additional verification from EASA.
Adrian Marina, Land Surveyor with SysCAD Solutions in Europe, stated, “We have a project involving capturing data related to quarry excavation volume measurements which will require multiple drone flights throughout the year. However, for this operation to take place, we will require SORA authorization to fly beyond visual line of sight and near a populated area. Now that the eBee X has received the EASA DVR affirming its safety profile, we can move forward with seeking regulatory clearances for this important project. Moreover, as a reseller of eBee UAVs, we are very excited about the growth opportunities this represents to our firm and the benefits eBee‘s M2 mitigation DVR will provide to both current and prospective customers looking to launch or scale their drone operations safely and efficiently.”
“This issuance of the DVR from EASA marks yet another major accomplishment, further distinguishing our eBee line of UAVs; and is a direct reflection of our team’s unwavering commitment to innovation, quality and high performance,” noted Barrett Mooney, AgEagle Chairman and CEO. “Regulatory constraints relating to limitations of BVLOS and OOP have continued to be a gating factor to widespread adoption of commercial drone technologies across a wide range of industry sectors worldwide. Being the first company to receive this DVR from EASA for M2 mitigation is a historic milestone for AgEagle and our industry in the European Union and will be a key factor in fueling growth of our customer base.”
AgEagle’s commitment to our demanding customers has driven its focus to establish recognized centers of excellence in drone airframes, sensors and software, which, in turn, has resulted in the Company’s drone operations receiving official ISO:9001 certification for its Quality Management System (QMS). Meeting a wide variety of strict standards, AgEagle has demonstrated that it delivers consistently high-quality products and services in every aspect of its fixed-wing drone operations, including design, manufacturing, marketing, sales and after-sales. An international certification, ISO:9001 recognizes organizational excellence and good quality practices based on a strong customer focus, robust process approach and proof of continual improvement. The certification was achieved following an extensive audit across our drone operations, led by the Company’s dedicated in-house quality management team. The QMS was developed over a two-year period, outlining a framework of policies, processes and procedures to help achieve the Company’s high-performance objectives.
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.
