UAVS AgEagle Aerial Systems Inc

AgEagle Aerial Systems Inc. (NYSE: UAVS) (“AgEagle” or the “Company”), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the completion of its previously announced historic order of eBee VISION systems to its reseller for French Army surveillance operations. Each system consists of an eBee VISION UAV, ground control systems, comms and antenna package, and a tactical backpack unit. The final 15 units have been delivered pursuant to this purchase order, with the total order valued at $3.4M, which represents the largest single order since the Company was founded.

Bill Irby, AgEagle President, stated, “As AgEagle embarks on what we anticipate being a promising new year in the expanding drone market, closing out this historic requisition serves as a strong indicator of what we believe will be our most successful year to date. In conjunction with our reseller partner we have conducted multiple training events with the French Army which provided invaluable real-time feedback we are leveraging to accelerate the evolution of our eBee VISION. We believe these insights, in addition to our recent significant milestone achievements, will be essential to the scaling of our high-value intelligence, surveillance, and reconnaissance product offerings to military and commercial operations worldwide. We look forward to driving ongoing sustainable revenue growth and remain committed to building long-term value for all our stakeholders.”

The eBee VISION system is designed for real-time situational awareness for public safety and military intelligence, surveillance, and reconnaissance (ISR) applications. It is carried in a backpack, hand-launched, and is controlled by a single pilot for fast relocation and deployment in rapidly changing environments. The eBee VISION is capable of visual and thermal (IR) imaging, even when GPS satellites are unavailable or in GNSS-denied conditions. The two-way comms between operator and UAS are validated as cyber-secure with AES-256 encryption, which the U.S. government has named the encryption standard for government and military applications.

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 UAS, sensors and software 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

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “suggest,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AgEagle’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including risks related to the timing and fulfilment of current and future purchase orders relating to AgEagle’s products, the success of new programs, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of AgEagle in general, see the risk disclosures in the Annual Report on Form 10-K of AgEagle for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by AgEagle. All such forward-looking statements speak only as of the date they are made, and AgEagle undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise.

AgEagle Aerial Systems Contacts

Investor Relations:

Email: UAVS@ageagle.com

Media:

Email: media@ageagle.com