Ageagle Aerial Stock Price, News & Analysis

AgEagle Aerial Systems has successfully completed an order for three eBee VISION drones from the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO), adding to DALO's existing fleet of eBee X drones. The eBee VISION drones are designed for real-time situational awareness in public safety and military intelligence, surveillance, and reconnaissance (ISR) applications. These drones are backpack-portable, hand-launched, and controlled by a single pilot, allowing for quick deployment in dynamic environments. They feature visual and thermal imaging capabilities, even in GPS-denied conditions, and ensure cyber-secure communications with AES-256 encryption. AgEagle CEO Bill Irby highlighted that DALO's purchase demonstrates the reliability and versatility of their UAS in military applications. The final delivery of the drones has been completed, marking a significant step in AgEagle's expansion in the defense market.

AgEagle Aerial Systems (NYSE: UAVS) is urging stockholders to vote on their definitive proxy statement before the deadline of December 19, 2024, at 11:59 p.m. ET. The company seeks shareholder approval to increase authorized share count to enable Series B warrant conversions, supporting a current capital raise initiative. The Special Meeting will be held virtually on December 20, 2024, at 11:00 a.m. ET.

CEO Bill Irby highlighted the company's progress in strengthening market position and product roadmap, particularly in defense and commercial sectors. Both leading proxy advisory firms, ISS and Glass Lewis, recommend voting in favor of all proposed matters. Shareholders can vote online, by telephone, or by mail through Alliance Advisors , the company's proxy solicitor.

AgEagle Aerial Systems (NYSE: UAVS) has received the Green UAS certification from the Association for Uncrewed Vehicle Systems International (AUVSI). This certification verifies that AgEagle's drone technologies meet the highest cybersecurity and NDAA supply chain standards, essential for the non-defense and commercial drone market.

The Green UAS certification builds upon the Defense Innovation Unit's (DIU) Blue UAS certification but is tailored for commercial applications. It ensures that commercial small UAS are cyber-secure, expanding the list of secure UAS available for various missions. AgEagle President Bill Irby highlighted the company's commitment to cybersecurity and NDAA compliance, enhancing value for customers and shareholders.

The certification process, administered by AUVSI with external partners, aims to support the DoD community and provide a trusted pathway for commercial and non-DoD government applications. Green UAS compliant components may also opt-in for data sharing with the DIU for potential inclusion in the Blue UAS Framework.

AgEagle Aerial Systems (NYSE: UAVS) has appointed L.B. Day to its Board of Directors, effective November 17, 2024. Day, who recently retired as president of L.B. Day & Company, brings extensive experience in strategic planning, marketing, and executive team development. His background includes consulting for major corporations like DuPont Air Products, IBM, Intel, and Raytheon. Day has served on multiple boards, notably 27 years with Microchip Technology, and currently serves on the boards of Okika Technologies and Exokeryx. He holds an MBA from George Washington University.

AgEagle Aerial Systems (NYSE: UAVS) has appointed Adrienne Anderson as Interim Chief Financial Officer effective November 14, 2024. Anderson, a CPA with extensive experience in PCAOB auditing standards and SEC reporting, brings significant public sector expertise. She is the founder of Anderson Accounting and Consulting, , and currently serves as interim CFO of a Nasdaq-listed wastewater treatment company. Her previous roles include audit partner at a PCAOB registered firm and partner at WithumSmith+Brown. Anderson holds a BS in Accounting from Eastern Illinois University and is licensed in Florida and Illinois.

AgEagle Aerial Systems (NYSE: UAVS) has appointed Brent Klavon to its Board of Directors, effective November 8, 2024. Klavon, a retired U.S. Navy pilot with over 3,000 flight hours, brings more than 30 years of aviation and strategic leadership experience. He previously served as Chief Strategy Officer at ANRA Technologies and was a board member at AUVSI from 2018-2021. Klavon was also instrumental in launching the Navy's MQ-4C Triton program and holds FAA certifications as both a Commercial Pilot and Remote Pilot.

AgEagle Aerial Systems (NYSE: UAVS) participated in strategic discussions at the White House regarding the future of commercial unmanned aerial vehicles (UAVs). The meeting brought together key UAV industry stakeholders and government officials from the National Security Council and National Economic Council to discuss supply chain security, manufacturing, and policies related to beyond visual line of sight operations (BVLOS) in U.S. airspace. CEO Bill Irby emphasized the company's commitment to innovation and collaboration between private sector and government in advancing drone technology.

AgEagle Aerial Systems (NYSE: UAVS) has secured 17 new purchase orders for eBee TAC drones from U.S. defense and security customers. The eBee TAC platform specializes in tactical mapping, surveillance, and 3D visualization capabilities, designed for defense and cross-industry applications. The company expects to deliver all 17 systems by the end of November. This milestone aligns with AgEagle's U.S. defense and security market growth strategy, positioning the company in the Tactical Intelligence, Surveillance, and Reconnaissance (ISR) vertical.

AgEagle Aerial Systems (NYSE: UAVS), a provider of unmanned aerial systems, sensors and software solutions, has received notice from NYSE American confirming its regained compliance with continued listing standards. The notice, received on November 6, 2024, confirms that AgEagle now meets the requirements of Section 801(h) and Section 803(B(2)(C) of the NYSE American Company Guide by having at least 50% board independence and two independent audit committee members.