Latest news with #BillIrby
Yahoo
21-05-2025
- Business
- Yahoo
Ascent AeroSystems and AgEagle Announce Strategic Collaboration to Integrate the RedEdge-P™ Camera with Spirit UAV
Ascent - AgEagle collaboration pairs best-in-class multispectral sensor with rugged, all-weather UAV hardware to advance UAS capabilities in agricultural markets WILMINGTON, Mass., May 21, 2025 (GLOBE NEWSWIRE) -- Today, at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, Ascent AeroSystems, a global leader in the design and manufacture of rugged, compact, high-performance unmanned aerial systems, announces a memorandum of understanding (MOU) with AgEagle (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, to integrate the AgEagle RedEdge-P multispectral camera with its high-performance Spirit coaxial unmanned aerial vehicle (UAV). The RedEdge-P multispectral camera will be the first multispectral solution integrated with Ascent's high-performance, all-weather coaxial UAV platforms. AgEagle CEO Bill Irby commented, 'Providing high quality, insightful, actionable data through our technology is at the core of what we do, and it's why we are collaborating with Ascent AeroSystems. Combining our advanced camera sensor technology with the Spirit platform is a natural fit. Working with manufacturers like Ascent enables us to deliver a new dimension of precision and capability to the agriculture sector.' Under this MOU, the Ascent-AgEagle collaboration will further showcase the payload flexibility and future-proof nature of Ascent's UAV platforms, while also demonstrating AgEagle's ability to work with OEMs on modularity, compatibility, and custom interfaces, to solve mission-critical integration challenges in the agricultural UAV sector. 'The agricultural drone market is expanding, rapidly, and the need for reliable, high-performance, scalable UAS platforms is critical,' said Peter Fuchs, President of Ascent AeroSystems. 'By pairing the rugged, reliable, all-weather design of the Spirit with the precision and efficiency of AgEagle's industry-leading RedEdge-P camera, we are paving the way for further innovation and future growth within the agricultural sector.' About Ascent AeroSystems Founded in 2014, Massachusetts-based Ascent AeroSystems designs and manufactures rugged, coaxial unmanned aerial vehicles for defense, public safety, and industrial markets. Ascent's compact, all-weather, aircraft-grade vehicles feature a unique cylindrical configuration that's more portable, more durable, and offers greater dispatch reliability than conventional multirotors, ideally suited for mission-critical operations in the toughest environments. Acquired in 2024 by Torrance, CA-based Robinson Helicopter Company (RHC), a premier aerospace OEM with 50 years of manufacturing experience, Ascent operates as a wholly owned RHC subsidiary. For more information, visit About AgEagle 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 energy, construction, agriculture, and government verticals. For additional information, please visit our website at Media ContactsAmy Romano 617.845.3185 Andy Woodward+1 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Ascent AeroSystems and AgEagle Announce Strategic Collaboration to Integrate the RedEdge-P™ Camera with Spirit UAV
Ascent - AgEagle collaboration pairs best-in-class multispectral sensor with rugged, all-weather UAV hardware to advance UAS capabilities in agricultural markets WILMINGTON, Mass., May 21, 2025 (GLOBE NEWSWIRE) -- Today, at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, Ascent AeroSystems, a global leader in the design and manufacture of rugged, compact, high-performance unmanned aerial systems, announces a memorandum of understanding (MOU) with AgEagle (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, to integrate the AgEagle RedEdge-P multispectral camera with its high-performance Spirit coaxial unmanned aerial vehicle (UAV). The RedEdge-P multispectral camera will be the first multispectral solution integrated with Ascent's high-performance, all-weather coaxial UAV platforms. AgEagle CEO Bill Irby commented, 'Providing high quality, insightful, actionable data through our technology is at the core of what we do, and it's why we are collaborating with Ascent AeroSystems. Combining our advanced camera sensor technology with the Spirit platform is a natural fit. Working with manufacturers like Ascent enables us to deliver a new dimension of precision and capability to the agriculture sector.' Under this MOU, the Ascent-AgEagle collaboration will further showcase the payload flexibility and future-proof nature of Ascent's UAV platforms, while also demonstrating AgEagle's ability to work with OEMs on modularity, compatibility, and custom interfaces, to solve mission-critical integration challenges in the agricultural UAV sector. 'The agricultural drone market is expanding, rapidly, and the need for reliable, high-performance, scalable UAS platforms is critical,' said Peter Fuchs, President of Ascent AeroSystems. 'By pairing the rugged, reliable, all-weather design of the Spirit with the precision and efficiency of AgEagle's industry-leading RedEdge-P camera, we are paving the way for further innovation and future growth within the agricultural sector.' About Ascent AeroSystems Founded in 2014, Massachusetts-based Ascent AeroSystems designs and manufactures rugged, coaxial unmanned aerial vehicles for defense, public safety, and industrial markets. Ascent's compact, all-weather, aircraft-grade vehicles feature a unique cylindrical configuration that's more portable, more durable, and offers greater dispatch reliability than conventional multirotors, ideally suited for mission-critical operations in the toughest environments. Acquired in 2024 by Torrance, CA-based Robinson Helicopter Company (RHC), a premier aerospace OEM with 50 years of manufacturing experience, Ascent operates as a wholly owned RHC subsidiary. For more information, visit About AgEagle 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 energy, construction, agriculture, and government verticals. For additional information, please visit our website at Media ContactsAmy Romano 617.845.3185 Andy Woodward+1
Yahoo
16-05-2025
- Business
- Yahoo
AgEagle Aerial Systems Reports First Quarter Fiscal Year 2025 Financial Results
Improved financial performance highlighted by strong gross margin improvement and significant reduction in operating expenses WICHITA, Kan., May 16, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, announces its financial results for the first quarter ended March 31, 2025, highlighted by gross margin improvement and significant reduction in operating expenses. Financial Highlights for the Quarter Ended March 31, 2025 Net income was $7.06 million, compared to a net loss of $6.32 million in Q1 2024, reflecting an income increase of 211.8%. The increase in net income was primarily attributable to the gain on change in fair value of our outstanding warrant liabilities and reductions of costs related to general and administrative, research and development, and sales and marketing. Gross profit was $2.13 million, up 9.2% from $1.95 million in Q1 2024. Loss from operations in Q1 2025 was $1.0 million, a decrease of $1.4 million, or 58.1%, as compared to $2.4 in Q1 2024. Gross margin was 58.5%, compared to 50.2% in the prior-year period. Operating expenses decreased 27.9% to $3.14 million, reflecting disciplined cost reductions across general and administrative, research and development, and sales and marketing. Drone sales revenue was $2,233,409, up 98.4% from $1,146,612 in Q1 2024. Revenue in Q1 2025 was $3.65 million, compared to $3.89 million in Q1 2024, representing a 6% decline due primarily to seasonality in sensor sales and strategic reduction of SaaS operations. Cash as of March 31, 2025, was $3.78 million, a 4.7% increase over year-end 2024. AgEagle CEO Bill Irby commented, 'In the first quarter of 2025 we delivered a significantly improved financial performance marked by strong gross margin improvement and a meaningful reduction in operating expenses. This pivotal milestone is a clear validation of the strategic decisions we have made to streamline operations, sharpen our commercial focus, and prioritize higher-margin product lines. With a strengthened balance sheet, improved cash position, and reduced cash burn, AgEagle is now operating from a healthier and more resilient financial foundation. 'Looking ahead, we will continue to execute a focused strategy centered on relentless innovation and market expansion, further positioning AgEagle for disciplined growth and long-term shareholder value creation,' concluded Mr. Irby. For additional information, please review the full quarterly report on or visit the SEC's EDGAR database. 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 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 future financial and operating results, the timing and fulfilment of current and future purchase orders relating to AgEagle's products, the success of new programs and software updates, 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, 2024, 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 ContactAndy Woodward+1 (469) Facebook X YouTube Investor RelationsEmail: UAVS@ in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
AgEagle Aerial Systems Announces Multi-Unit Camera Sale to Wingtra
Wingtra Vertical Take-Off and Landing (VTOL) drones acquire additional AgEagle RedEdge-P™ cameras for precision agriculture and geospatial applications WICHITA, Kan., May 14, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, announces the sale of 20 high-performance RedEdge-P cameras to Wingtra, a global leader in vertical take-off and landing (VTOL) drone surveying technology. This transaction strengthens the partnership between AgEagle and Wingtra, combining AgEagle's advanced camera technology with Wingtra's innovative drone platforms to deliver unparalleled aerial mapping and surveying solutions. The cameras are designed for precision agriculture and environmental monitoring, water management, and geospatial applications, and support Wingtra's ability to provide high-quality data collection for its customers worldwide. AgEagle CEO Bill Irby commented, 'We continue to build on our longstanding relationship with Wingtra with this latest transaction, supplying our advanced RedEdge-P cameras. The RedEdge-P is designed and built to support professional drone operations by providing survey-grade accuracy with resolutions down to 2cm. Further, this sale reinforces our commitment to equipping industry leaders like Wingtra with reliable, high-performance imaging solutions that drive efficiency, innovation, and actionable data for a diverse group of end users. By deepening our partnerships and consistently delivering differentiated technology, we are laying the foundation for sustainable growth and long-term value creation for our shareholders.' The AgEagle RedEdge-P is a high-resolution multispectral camera designed for use on drones in support of many different industries and applications. RedEdge-P uses advanced optics and industry-leading industrial image sensors. Wingtra drones utilize AgEagle's cameras to further expand their usage in industries such as agriculture, construction, forestry, and environmental management. 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 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 and software updates, 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, 2024, 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. -###- Media ContactAndy Woodward+1 (469) LinkedIn Facebook X YouTube Investor RelationsEmail: UAVS@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-03-2025
- Business
- Yahoo
Ageagle Aerial Systems eBee VISION completes proof-of-concept for DGAMPA
AgEagle Aerial Systems (UAVS) announces the recent completion of a successful four-day proof-of-concept demonstration with France's Directorate General for Maritime Affairs, Fisheries, and Aquaculture, DGAMPA, testing eBee VISION's advanced capabilities. AgEagle CEO Bill Irby commented, 'This successful demonstration underscores the potential of the eBee VISION for enhancing maritime security and environmental protection efforts. Multiple flights were carried out in diverse conditions, both day and night. Our eBee VISION demonstrated outstanding performance, operating within a 20 km range and temperatures as low as 5 degrees C, as well as landing smoothly on sand. Throughout the trials, various observation scenarios were tested for maritime control and surveillance, all of which were completed with positive results. This success not only highlights the robust performance of our technology but also validates the potential for growth across various markets.' Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on UAVS: Questions or Comments about the article? Write to editor@ Ageagle Aerial Systems demonstrates eBee Drone Technologies at Enforce Tac 2025 Ageagle Aerial Systems completes order of 60 RedEdge-P sensors Ageagle Aerial Systems announces participation at XPONENTIAL Europe AgEagle Aerial Systems Unveils eBee VISION Software Update Ageagle Aerial Systems releases 2.1.0 eBee VISION application software
