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AgEagle Aerial Systems, doing business as EagleNXT, reports developments in drones, sensors and software for commercial, government and defense customers. Company news centers on eBee-series unmanned aircraft systems, including the eBee VISION fixed-wing ISR platform and eBee TAC tactical mapping drones, as well as Blue UAS and NDAA-compliant product positioning.
Recurring updates include U.S. Army and allied defense orders, public safety and training applications, sensor and software capabilities, strategic investments in autonomous and counter-drone technologies, financial results, working-capital actions and corporate operating updates.
AgEagle Aerial Systems has launched the Altum-PT, a revolutionary 3-in-1 drone sensor that integrates panchromatic imaging and thermal imaging. This product offers high resolution imaging, providing double the spatial resolution of its predecessor, enhancing analytical capabilities in agriculture.
With features that enable users to assess plant-level conditions, it includes advanced thermal calibration technologies for improved accuracy. The launch promises to broaden applications across several sectors and aims to fuel future growth for the company, which operates in over 70 countries.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) will host a webcast on November 15, 2021, at 4:30 p.m. Eastern Time to discuss its recent operational developments and third-quarter financial results for the period ending September 30, 2021. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update. Investors can submit questions via email by November 12, 2021, at 5:00 p.m. ET. The webcast will be available live and for replay at this link.
AgEagle Aerial Systems (NYSE American: UAVS) announced that its subsidiary senseFly has been added to the U.S. Department of Defense's Blue sUAS 2.0 list, allowing it to provide advanced drone mapping solutions to U.S. military and government agencies. The eBee TAC drone, weighing 3.5 pounds, features rapid deployment capabilities and digital camouflage for stealth operations. Following successful demonstrations at military installations, senseFly aims to complete the registration process by year-end, enhancing its position within the UAS market for government applications.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has launched the RedEdge-P, a cutting-edge drone sensor boasting triple capture speed and double the spatial resolution compared to its predecessor, the RedEdge-MX. This device facilitates precise multispectral and RGB imagery collection, allowing for detailed plant analyses and effective forestry management. The global drone sensor market is projected to reach $2.54 billion by 2028, driven by demand for high-resolution imaging. AgEagle aims to leverage its expertise to enhance operational efficiency across various industries.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced an acquisition of senseFly, a wholly-owned subsidiary of Parrot, valued at US$23 million. Founded in 2009, senseFly specializes in fixed-wing drones and generated approximately US$12.5 million in revenue in 2020. This acquisition aims to enhance AgEagle's drone solutions, targeting sectors like agriculture and construction. It is expected to foster growth and innovation through senseFly's engineering expertise and established reseller network. The CEO of senseFly will step down, with Michael O’Sullivan appointed as Managing Director.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced plans to launch next-generation multispectral sensors through its subsidiary, MicaSense, aimed at precision agriculture, forestry, and conservation.
The new sensors promise superior economics, resolution, and data analysis capabilities. CEO Brandon Torres Declet emphasized their potential to set new standards in data quality and usability. MicaSense aims to begin global distribution in three months. The global drone sensors market is projected to reach $2.34 billion by 2028, growing at a CAGR of 25.08%.
AgEagle Aerial Systems (NYSE American: UAVS) will showcase its advancements in drone technology at the Commercial UAV Expo Americas 2021 in Las Vegas from September 7-9, 2021. CEO Brandon Torres Declet will deliver a keynote address titled Mapping the Market Curve of Commercial Drone Adoption Today… and Tomorrow on September 8. The company, alongside subsidiaries Measure and MicaSense, will be exhibiting at Booth #423, offering product demonstrations and media interviews.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) reported significant growth in its second quarter financial results for 2021, with revenues soaring to $1.94 million compared to approximately $16,000 in 2020. Key contributions came from acquisitions of MicaSense and Measure Global, along with increased sales of the HempOverview platform. The net loss improved to $4.68 million ($0.07 loss per share) versus $10.33 million ($0.31 loss per share) in the prior year. The company also expanded its cash position to $39.21 million as of June 30, 2021.
AgEagle Aerial Systems (NYSE American: UAVS) is set to showcase its drone technology at AUVSI XPONENTIAL 2021 in Atlanta, Georgia, from August 18. The company will exhibit at Booth #2141, providing hands-on product demos and discussions. Emily Ciesielski, Channel Sales Manager at MicaSense, will lead an educational session on Image Classification and Irrigation Monitoring using multispectral and thermal imaging. The event aims to highlight MicaSense’s innovative imaging capabilities and their applications in agriculture.
AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on August 16, 2021, at 11:00 a.m. Eastern time to discuss its Q2 financial results and operational highlights. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update, encouraging investors to submit questions by August 13, 2021. The event will be live-streamed and available for replay. Founded in 2010, AgEagle focuses on providing American-made drone solutions and aerial data intelligence, aiming to empower The Drone Age™.