Latest news with #BillIrby
Yahoo
24-07-2025
- Business
- Yahoo
AgEagle Aerial Systems eBee VISION Drone Receives Blue UAS Cleared Status
Designation Allows for Direct, Expedited U.S. Government Procurement WICHITA, Kan., July 22, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, is proud to announce that its eBee VISION is now Blue UAS certified. This designation comes just a week after the Company's eBee TAC received Blue UAS certification. The Blue UAS certification makes the AgEagle drone eligible for procurement by the U.S. Department of Defense (DoD) and other federal agencies and recognizes the drone as compliant with security and performance standards required by the DoD. 'This is very welcome news, and we are so proud that now the eBee VISION joins our eBee TAC on the Blue UAS Cleared list for the Department of Defense,' said Bill Irby, CEO of AgEagle Aerial Systems. 'This is another pivotal achievement for AgEagle and will allow for fast acquisition and delivery of this much-needed capability into the hands of our Defense community to address swiftly evolving battlefield and security scenarios.' These inclusions enable AgEagle to market the platform as Blue UAS Cleared, reinforcing their suitability for sensitive missions requiring secure, reliable, and scalable uncrewed aerial systems. This platform's certification previously had Green UAS-certification, which is now qualified as a direct on-ramp for Blue UAS classification. The DoD Defense Innovation Unit (DIU) adopted the Green UAS certification as a pathway to Blue UAS Cleared status. This marks a significant step forward in streamlining secure drone acquisition across government applications. This achievement reflects months of collaboration between the Association for Uncrewed Vehicle Systems International (AUVSI), DIU, and federal stakeholders, aligning with Executive Order 14307 and the Secretary of Defense Pete Hegseth's July 10, 2025, memorandum to rapidly field NDAA-compliant Group 1 and 2 drones. Weighing just 3.3 pounds, the eBee VISION UAS offers up to 100 minutes of flight time, advanced electro-optical and thermal imaging, and secure data transmission for real-time situational awareness in disconnected environments. Its compact design, low acoustic signature, rapid three-minute deployment by a single operator, and silent mission mode make it ideal for tactical Intelligence, Surveillance and Reconnaissance (ISR) missions, supporting the DoD's need for low-cost, scalable, and expendable drones as emphasized by Secretary Hegseth. For more information or to schedule a demonstration, visit 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
16-06-2025
- Business
- Yahoo
AgEagle Switzerland Facility Recommended for Prestigious ISO 9001 Certification
Achievement demonstrates manufacturer's drive for excellence in drone production Cheseaux-sur-Lausanne, Switzerland, June 16, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading provider of advanced drone and aerial imaging solutions, is proud to announce their Switzerland facility has been recommended to receive ISO 9001 certification by third-party auditors following an intensive review of the facilities Quality Management System. This prestigious certification reflects AgEagle's commitment to excellence, safety, and innovation. The ISO 9001 standard is widely recognized across all industries and sets rigorous requirements for quality management, customer satisfaction, risk mitigation, safety, and continuous improvement. Earning this certification for the Switzerland facility—home to key research, development, and manufacturing of AgEagle's cutting-edge drone technologies—demonstrates: Unmatched Quality Assurance: The facility meets the highest industry standards for producing reliable drone systems, such as the eBee TAC Public Safety drone and the eBee VISION drone, ensuring precision and performance for worldwide customers. Operational Excellence: The process highlights AgEagle's dedication to streamlining production and maintaining safety, supporting sustainable farming innovations and bringing new technologies to market Enhanced Global Trust: Certification strengthens AgEagle's credibility with international clients, including governments and procurement agencies, aligning with the company's growth into Intelligence, Surveillance and Reconnaissance (ISR) marketplaces and public safety operators. 'This significant achievement is a result of a tremendous amount of hard work and dedication from our Switzerland team,' said Bill Irby, CEO of AgEagle. 'Earning ISO 9001 certification is a clear indicator of commitment and quality, and it sets AgEagle apart. This validates our quality processes and positions us to meet the stringent demands of our worldwide customer base. I'm proud of the team, and we will lead the way in delivering trusted solutions.' The AgEagle Switzerland facility's certification enhances AgEagle's ability to continue serving existing customers at a high level, expand into additional markets and industries, and compete for more government tenders. 'This globally recognized standard opens doors to new opportunities, as many government agencies in defense, aerospace, and technology sectors require ISO 9001 compliance to bid on tenders. By meeting these rigorous quality management criteria, we're well-positioned to expand our impact in public sector markets around the globe,' said Irby. For more information about AgEagle Aerial Systems, visit or contact media@ ### 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@
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
