Safe Pro Group Inc. Stock Price, News & Analysis

Safe Pro Group Inc. (Nasdaq: SPAI) has filed a new provisional patent application with the USPTO for technology that uses drones and AI to improve object detection precision, specifically targeting the reduction of false positives in identifying explosives, landmines, and unexploded ordnance. This follows their first patent awarded on November 19, 2024.

The company's SpotlightAI™ platform has demonstrated significant real-world impact in Ukraine, processing over 921,471 images, analyzing more than 12,901 GB of data, and identifying over 16,540 landmines and unexploded ordnance. The technology is being used by multiple humanitarian organizations, including the UNDP.

The system is compatible with commercial drones and can identify 150+ types of land mines and UXO, operating both locally at the Edge and through AWS Cloud for enhanced scalability.

Safe Pro Group Inc. (SPAI) has achieved a significant milestone in Ukraine, detecting over 16,500 lethal explosive items using its AI-powered SpotlightAI™ software and everyday drone imagery. The system has analyzed more than 921,471 drone images across 4,219 hectares, processing each image in under 0.2 seconds on AWS cloud.

The company is collaborating with the Ukrainian government, United Nations, and humanitarian organizations to accelerate demining efforts. SpotlightAI™, their patented system, can identify over 150 types of landmines and explosive remnants of war, creating detailed GPS-tagged maps for clearing operations.

With World Bank estimates suggesting 17 million hectares of Ukrainian land may be contaminated with explosives, Safe Pro is expanding its efforts beyond humanitarian land release to support reconstruction of civilian infrastructure, including roads, bridges, dams, and utilities.

Safe Pro Group's Airborne Response division has achieved key milestones in implementing a Drone-as-First-Responder (DFR) solution for a Florida municipal police department. The contract includes installation of Florida-compliant drones and weatherproof 'drone nest' recharging stations with automated battery swapping. The company has completed multisite installations, secured FAA approvals, integrated radar coverage, and provided pilot training for 24/7/365 operations.

The solution aims to enhance public safety response capabilities at a fraction of the cost of traditional helicopter operations. The system includes real-time video transmission capabilities, allowing trained operators to assess situations and share information with first responders before arrival.

Safe Pro Group's subsidiary Airborne Response has secured a purchase order for drone-based tower inspections from a multinational telecommunications firm in South Florida for 2025. The project involves using Skydio drones to inspect radio towers used by municipal fire & rescue departments. The company recently completed over 500 miles of powerline inspections following Hurricane Milton, contributing to strong Q4 2024 drone services revenue growth. Airborne Response serves energy, telecommunications, and insurance firms across Florida, providing infrastructure monitoring and storm damage assessment services.

Safe Pro Group Inc. (SPAI) has entered into a memorandum of understanding with a U.S. prime contractor to develop threat detection solutions and pursue U.S., E.U., and NATO contracts. The collaboration leverages Safe Pro's AI-powered drone imagery processing technology. Additionally, the company received a purchase order for landmine and UXO imagery from a U.S. subcontractor. Safe Pro's SpotlightAI™ technology, currently operational in Ukraine, has processed over 840,614 images, analyzed over 11,768 GB of data, and identified over 10,912 real-world landmines and unexploded ordnance while working with organizations including the UNDP.

Safe Pro Group (Nasdaq: SPAI) has been awarded US Patent No. 12,146,729 for its SpotlightAI™ technology, which detects and maps explosives using AI-powered drone imagery analysis. The patent, valid until 2043, includes 21 claims covering autonomous detection of explosives in orthomosaic images. The system, powered by AWS, has already identified over 10,000 landmines in Ukraine, processing 840,614 images and 11,768 GB of data. The technology can identify 150+ types of landmines and UXO, creating GPS-tagged, high-resolution maps for clearing efforts. The company has also filed for global patent protection through WIPO covering 157 Contracting States.

Safe Pro Group (Nasdaq: SPAI) announced expectations of a 200+% year-over-year revenue increase for the fourth quarter, with record monthly revenue exceeding $650,000 in October. The significant growth is primarily attributed to increased activity in their drone services business, responding to major hurricanes and storms in the southeastern United States. The company, which specializes in AI solutions for drone imagery processing, reports growing domestic and international interest in their AI-driven technology, with positive developments across their portfolio including their ballistic business.

Safe Pro Group (NASDAQ:SPAI) reported strong financial results for Q3 2024, with revenue increasing 102.2% to $330,756 compared to $163,547 in Q3 2023. Nine-month revenues grew 100.2% to $1.28 million. The company's gross margin improved to 40.6% in Q3 2024 from 38.2% in Q3 2023.

Following its IPO in August 2024, Safe Pro achieved significant milestones, including recording first revenue from its SpotlightAI™ platform in Ukraine, receiving USPTO patent allowance for explosive detection technology, and expanding drone-based services. The SpotlightAI™ platform has processed over 840,614 images and identified over 10,912 landmines.

Safe Pro Group (Nasdaq:SPAI) has released a video showcasing their SpotlightAI™ demining solution at the AWS Summit Washington, D.C. The technology, powered by Amazon Web Services, processes drone-based imagery to detect and geo-locate landmines and unexploded ordnance in Ukraine. SpotlightAI™ utilizes machine learning models capable of identifying 150+ types of explosive devices, generating high-resolution orthomosaic maps with GPS-tagged locations. The system helps humanitarian organizations improve situational awareness and expedite land clearance operations for agricultural and civilian use.