AgEagle Aerial Systems Announces Landmark Delivery of eBee VISION Drones to the French Army

Rhea-AI Summary

AgEagle Aerial Systems Inc. (NYSE American: UAVS) has announced the delivery of the first 20 out of 49 eBee VISION systems to its reseller for French Army surveillance operations. This marks the largest single purchase order in the Company's history, valued at $3.4 million. Each system includes an eBee VISION UAV, ground control systems, communications and antenna package, and a tactical backpack unit.

Bill Irby, AgEagle President, highlighted this as a significant milestone in their defense market growth strategy. The company's rapidly deployable unmanned vehicle products provide high-value intelligence, surveillance, and reconnaissance support to military operations. AgEagle aims to expand its support for allied and U.S. military customers while focusing on building long-term shareholder value.

Positive

• Largest single purchase order in company history, valued at $3.4 million
• Delivery of 20 out of 49 eBee VISION systems to French Army
• Expansion into defense market with high-value military surveillance products
• Potential for future growth with allied and U.S. military customers

Negative

• None.

Delivery of the initial 20 of 49 systems effectuates the largest single purchase order in Company history

WICHITA, Kan., Aug. 20, 2024 (GLOBE NEWSWIRE) -- 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, announces the delivery of the first 20 eBee VISION systems to its reseller for French Army surveillance operations. Each system consists of an eBee VISION UAV, ground control systems, comms and antenna package, and a tactical backpack unit. The units delivered pursuant to this purchase order will be followed by a comprehensive spares package, with the total order valued at $3.4M.

Bill Irby, AgEagle President, stated, “This marks a significant milestone in our defense market growth strategy. Our best-in-class rapidly deployable unmanned vehicle products continue to provide high-value intelligence, surveillance and reconnaissance support to military operations. We look forward to expanding our support of allied and U.S. military customers as we remain committed to building long-term shareholder value.”

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 timing of future deliveries, 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.com
Media Email: media@ageagle.com 

FAQ

What is the value of AgEagle's recent purchase order for the French Army?

The total order for 49 eBee VISION systems and comprehensive spares package for the French Army is valued at $3.4 million.

How many eBee VISION systems has AgEagle (UAVS) delivered to the French Army so far?

AgEagle has delivered the first 20 out of 49 eBee VISION systems to its reseller for French Army surveillance operations.

What components are included in each eBee VISION system delivered by AgEagle?

Each eBee VISION system consists of an eBee VISION UAV, ground control systems, communications and antenna package, and a tactical backpack unit.

How does this order impact AgEagle's (UAVS) business strategy?

This order marks a significant milestone in AgEagle's defense market growth strategy and demonstrates the company's commitment to expanding support for allied and U.S. military customers.