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, today announced key leadership changes to propel
the Company’s strategic growth initiatives forward more rapidly,
with emphasis on perpetuating deeper penetration of global sales
and servicing the expanding needs of the government/defense
industry sector.
Grant Begley, an independent member of the Board
of Directors since June 2016, has been elected Chairman of the
Board; and former Chairman Barrett Mooney will continue to serve as
AgEagle’s Chief Executive Officer and as a member of the Board. In
addition, the Board has named Mark DiSiena as the Company’s new
Chief Financial Officer, succeeding Nicole Fernandez-McGovern in
the position.
Commenting on the appointments, Begley stated,
“With serious interest gaining momentum from government and
military agencies worldwide in AgEagle’s eBee VISION, our ability
to capitalize on opportunities for scaling our future revenue
growth on an accelerated basis is dependent on having the necessary
infrastructure in place to support it. We believe this shift in
board roles will allow Barrett more time to focus on leading the
Company’s day-to-day operations and global growth platform.
Moreover, as the new Chairman of the Board, I intend to leverage my
industry expertise, experience and longstanding relationships
within the global defense industry to help advance AgEagle’s
strategies to win a much greater share of increasing investments in
leading UAS solutions by military and public safety organizations
worldwide.”
About Grant Begley
Begley is an accomplished and globally
recognized expert in Aerospace, Unmanned Systems and Robotics,
currently serving as President of Concepts to Capabilities
Consulting, LLC, a specialty consulting firm he founded in 2011 to
help lead and guide development of new capabilities in Aerospace
and Unmanned Aerial System (“UAS”) technologies for
government/defense and commercial clients.
An active Board member of Vaya Space since 2015,
Begley also served as the vortex-hybrid rocket company’s CEO from
2018 through 2022. Previous senior leadership roles have included
Chief Business Development Officer and SVP of Alion Science and
Technology, where he helped develop Alion’s $1 billion annual
revenue Business Development Enterprise; Pentagon Senior Advisor
for Unmanned Systems at the U.S. Department of Defense; Senior
Director of Mission Systems Integration at Raytheon, where he led
the Company’s cross-functional and cross-organizational integration
of Digital Systems, Avionics, Electronics and Software operations;
and Director of Advanced Concepts at Lockheed Martin, where he
architected and steered development programs in the areas of UAS,
Advanced Energetics and future generation weapon systems.
Retiring from the United States Navy after 26
years of service as an officer, Begley led operational assignments
flying fighter aircraft, designated Top Gun, followed by
assignments relating to development and management of next
generation manned and unmanned aerial systems, weapon systems and
joint executive acquisitions. During his distinguished military
career, he also served as Director of Stealth, Counter Stealth
Technology, Policy and Advance Programs; as well as and Joint and
Navy Director of Tactical Aircraft, Missiles and UAS, managing and
directing operations with an annual budget of $4 billion and a $30
billion future year budget plan.
Begley holds Master’s degrees in Aerospace and
Aeronautic Engineering from the Naval Post-Graduate School and a
Bachelor's degree in General Engineering from the U.S. Naval
Academy. From March 2011 to December 2021, he served as a founding
member of the Board of Directors for the Association for Uncrewed
Vehicle Systems International (“AUVSI”). AUVSI is the global leader
for enhancing the advancement of uncrewed, robotic and autonomous
systems for the benefit of humanity, the environment and
economy.
About Mark DiSiena
In his new role as Interim Chief Financial
Officer of AgEagle, DiSiena will oversee corporate finance, SEC
reporting, compliance, treasury, financial planning and analysis,
taxation, accounting, investor relations, procurement, internal
audit, risk management, ERP optimization and corporate strategy.
DiSiena, who is both a retired CPA and attorney with a securities
and taxation background, brings to AgEagle over 30 years of
experience working with domestic and international public and
private companies spanning a range of industries.
Since November 2021, DiSiena has offered
operational leadership and accounting oversight to clients through
Cresset Advisors, a specialty consulting practice he founded to
focus on the delivery of tailored interim CFO and advisory
services. DiSiena has served in related leadership roles, including
Chief Financial Officer for Kyruus Health, Titanium Healthcare,
Decentral Life, Cherokee Brands and 4Medica. He has held management
positions at Oracle-NetSuite, LVMH and Lucent Technologies/Bell
Labs. In addition, he has consulted at notable companies that
include PublicSq, World View Enterprises, ICON Aircraft, Cetera
Financial Group, Countrywide Bank, Paramount Pictures and
HauteLook. He began his career as an assurance auditor at
PriceWaterhouseCoopers. DiSiena earned a Bachelor of Science degree
with honors from New York University, an MBA from Stanford
University and a law degree from Vanderbilt University.
Commenting on DiSiena’s appointment, Mooney
added, “We fully expect that having Mark join our leadership team
as CFO will prove to be another important inflexion in our business
moving forward, and we are delighted he is here. Based on his
impressive track record of success, diverse skillset and three
decades of professional experience, we believe that he brings us a
strong and independent strategic perspective that will positively
impact how we tackle challenges and optimize opportunities ahead of
us.”
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.
CONTACTS:
Investor Relations
UAVS@ageagle.com
Media
Relationsmedia@ageagle.com
AgEagle Aerial Systems (AMEX:UAVS)
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