AgEagle Announces Sale of 50 RedEdge-P Multispectral Sensors to the Greek Ministry of Agriculture in Connection with Tender Award to the Consortium of ALVO
20 Março 2024 - 10:30AM
AgEagle Aerial Systems Inc. (NYSE American: UAVS)
(“AgEagle” or the “Company”), a leading provider of best-in-class
full stack drone, sensors and software solutions for customers
worldwide in the commercial and government verticals, today
announces that
ALVO, its exclusive Value Added
Reseller (“VAR”) serving public and private companies and
organizations in Greece, has been awarded a tender including drones
and sensor payloads by the Hellenic Republic Ministry of Rural
Development and Food in Greece (“Greek Ministry of Agriculture”).
The tender includes the purchase of 50 RedEdge-P™ multispectral
cameras from AgEagle.
Headquartered in Athens, Greece, ALVO offers
integrated vertical solutions based on emerging technologies,
including software, equipment and services. By combining the right
high-end tools to transform any complicated process into a simple,
smart and efficient one, ALVO supports the needs of companies and
organizations that invest in innovation, smart technologies and
IoT, security and cyber security. The tender provides for the
purchase, delivery and deployment of 50 multirotor unmanned aerial
vehicles (“UAVs”) equipped with 50 RedEdge-P sensors, which will be
used for optimum monitoring of agricultural activity such as soil
analysis, irrigation, crop quality/maturity, vegetation indices and
disaster estimations.
Dimitris Messinezis, Founder and CEO of ALVO in
Greece stated, “Delivering an agritech project of this scale intact
requires a significant coordinated effort. We are confident
AgEagle will support us through every stage with the delivery and
deployment of the RedEdge-P multispectral sensors to
ensure our end users receive a seamless experience.”
Introduced to market in late 2021, the RedEdge-P
is AgEagle’s rugged, high quality multispectral sensor with a
high-resolution panchromatic band for pan-sharpened output
resolutions of 2cm (at 60m). It is a single camera solution that
captures calibrated high-resolution multispectral and RGB imagery,
with an optimized field of view and capture rate for efficient
drone flights. The universal popularity of the RedEdge-P is largely
due to its ability to enable pixel-aligned outputs at previously
unattainable resolutions while consistently maintaining optimal
efficiency and reliability – benefits which have earned the RedEdge
brand its trusted reputation over the past decade. The high
performance RedEdge-P was designed specifically for agricultural
applications that include plant counting, phenotyping, plant health
mapping, fertilizer management, plant disease identification,
species differentiation and weed detection, among other proven
uses.
Bill Irby, AgEagle’s President, commented, “Over
the past year, AgEagle has focused on leveraging our
partner/reseller network through enhanced training and marketing
support initiatives to optimize the reach, industry expertise and
influence that our resellers yield in the geographic regions and
market segments they serve. As a result, we are seeing a
groundswell of sizable new commercial and government tenders being
pursued and won which we expect will have measurable impact on our
quarter-over-quarter revenue growth for the foreseeable
future.”
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 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:Gateway
Investor RelationsMatt Glover or Cody CreePhone: 949-574-3860Email:
UAVS@gatewayIR.com
Media: Email:
media@ageagle.com
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