(UPDATED) AgEagle Aerial Systems Provides Positive Update on Sensor Sales
Rhea-AI Summary
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has reported strong sensor sales from July 1 to August 15, 2024. The company received purchase orders totaling approximately $800,000 for sensors and related accessories through its Value Added Reseller (VAR) network. Of this amount, about $600,000 worth of products have already been shipped.
The orders include 87 sensors, comprising RedEdge-P, Altum-PT, and RedEdge-P dual sensors, along with various accessories. To date, 67 sensors have been shipped. AgEagle's sensors are now integrated into over 150 different drones worldwide and distributed in more than 70 countries. The company's product line includes the Altum-PT™, RedEdge-P™, and RedEdge-P dual™ sensors, which offer advanced capabilities for remote sensing, agricultural research, and vegetation analysis.
Positive
- Received purchase orders totaling $800,000 for sensors and accessories in a 1.5-month period
- Shipped approximately $600,000 worth of products to date
- Sold 87 sensors, with 67 already shipped
- Sensors integrated into over 150 different drones worldwide
- Products distributed in more than 70 countries
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, UAVS gained 12.18%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
From July to mid-August sensor and sensor-related purchase orders total approximately
WICHITA, Kan., Aug. 22, 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 Company has received numerous purchase orders totaling approximately
Bill Irby, AgEagle President, stated, “We are grateful for the growth achieved through our trusted VAR network as the Company achieves another notable sales milestone. Our best-in-class multispectral, panchromatic and thermal sensors are now integrated in over 150 different drones worldwide and distributed in over 70 countries. As our sensor products continue to fulfill the diverse needs of our commercial and government customers, we look forward to pursuing growth across our entire product line to best position the company for long-term shareholder value.”
Altum-PT™ - Optimized 3-in-1 solution for advanced remote sensing and agricultural research. Seamlessly integrates a 12 MP high-resolution panchromatic sensor, a thermal sensor, and five discrete spectral bands. NDAA compliant.
RedEdge-P™ - High-resolution multispectral and RGB sensor features a high-resolution panchromatic band for pan-sharpened output resolutions of 2 cm / 0.8 in at 60 m / 200 ft. Its five narrow multispectral bands with scientific-grade filters make it the perfect camera for calculating multiple vegetation indices and composites.
RedEdge-P dual™ - Features 10 spectral bands for enhanced data comparison with satellites. High-resolution multispectral and RGB composite drone sensor for plants classification, weeds identification, environmental research and conservation, and vegetation analysis of water bodies.
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, our ability to fulfill all purchase orders, the timing of completion of purchase orders, 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 was the total value of purchase orders received by AgEagle Aerial Systems (UAVS) from July 1 to August 15, 2024?
How many sensors did AgEagle Aerial Systems (UAVS) sell during the reported period?
What percentage of the ordered sensors has AgEagle Aerial Systems (UAVS) shipped to date?
In how many countries are AgEagle Aerial Systems (UAVS) products distributed?
