Latest news with #DroneasFirstResponder
Hamilton Spectator
30-07-2025
- Business
- Hamilton Spectator
Versaterm Acquires DroneSense, Setting the Standard for Drone Operations as Part of the Incident Response Workflow
OTTAWA, Ontario and AUSTIN, Texas, July 30, 2025 (GLOBE NEWSWIRE) — Versaterm , a global leader in public safety solutions, announced today its acquisition of DroneSense, which provides software solutions enabling public safety agencies to leverage drone technology for operations and Drone as First Responder (DFR) programs. The acquisition expands Versaterm's public safety portfolio and establishes the company as the leader in operationalizing drone response as part of the command workflow for faster response times, enhanced situational awareness and greater safety for first responders and the communities they serve. By incorporating DroneSense's hardware-agnostic drone management platform directly into Versaterm's best-in-class Computer-Aided Dispatch (CAD) and Incident Command & Control systems, agencies will be able to deploy drone flights as seamlessly as dispatching any patrol, fire or Emergency Medical Services (EMS) unit. This will provide a more comprehensive picture of every incident, from the initial call to the final report, while reducing the complexities that have slowed the broader adoption of DFR programs. 'This acquisition moves us closer to a future where drones are as routine as any patrol or fire unit,' said Warren Loomis, President and CEO of Versaterm. 'Adding DroneSense expands the capabilities we can offer agencies to deploy aerial support as part of response, delivering new ways to visualize complex scenes, respond with greater precision and keep both responders and communities safe.' DroneSense delivers a comprehensive drone operations platform tailored for public safety agencies, empowering them to de-escalate critical incidents and save lives. The system supports both locally piloted missions and remote DFR deployments, offering seamless live streaming and real-time collaboration across teams and jurisdictions. With a full compliance toolkit, DroneSense simplifies the complexities of drone program management, ensuring transparency and accountability. Agencies retain full ownership and control of their data, including how it is used and shared, with robust, policy-driven tools for tracking, auditing and oversight. The platform is compatible with a wide array of drones and third-party integrations and is built on enterprise-grade cybersecurity infrastructure to uphold the highest standards of data protection and privacy. 'DroneSense was built to give public safety teams a smarter, faster way to use drones when every second counts,' said Christopher Eyhorn, CEO of DroneSense. 'Joining Versaterm allows us to bring that vision to more agencies, with deeper integration into the systems they already rely on. We're excited to grow what we started, bringing advanced flight capabilities, real-time intelligence and unmatched flexibility to the heart of public safety operations.' About Versaterm Versaterm is a global public safety solutions company helping agencies transform their organizations by providing innovative solutions, expertise, and an unwavering dedication to customer service. We are on a journey to build a public safety technology platform that will enhance community safety by creating purposeful integrations across the public safety spectrum. We deliver intuitive tools developed for public safety agencies, forensic labs, court systems, schools, and other institutions. Our selective growth strategy focuses on improving customer and user workflows for more efficient and effective operations, leading to better service and more just outcomes. For more information, visit , LinkedIn , or X . About DroneSense DroneSense provides industry-leading software solutions enabling public safety agencies to leverage drone technology for tactical operations, situational awareness, and Drone as First Responder (DFR) programs. Its hardware-agnostic platform empowers first responders with real-time intelligence, streamlined workflows, and comprehensive mission support. Learn more at . Media Contact Edward Lin Merritt Group Inc., on behalf of Versaterm versaterm@
Yahoo
03-06-2025
- Business
- Yahoo
Axon Enterprise Trades Near 52-Week High: Should You Buy Now or Wait?
Shares of Axon Enterprise, Inc. AXON have been showing impressive gains of late, trading close to its 52-week high of $765.00. The stock closed at $758.57 on Monday, 0.8% below the highest point. Shares of the conducted energy devices (CEDs) manufacturer have surged 27.7% year to date, outpacing the Zacks sub-industry's and the S&P 500's growth of 14.4% and 0.1%, company's peers, including Kratos Defense & Security Solutions, Inc. KTOS and Teledyne Technologies Incorporated TDY, have gained 44.2% and 6.5%, respectively, over the same time frame. Image Source: Zacks Investment Research The stock is also trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. Image Source: Zacks Investment Research The strongest driver of Axon Enterprise's business at the moment is solid momentum in its Connected Devices segment. The segment's revenues increased 26.1% year over year in the first quarter of 2025. The company continues to witness growing popularity for its next-generation TASER 10 products, whose shipment began in 2023. Growth in cartridge revenues, driven by the higher adoption of the TASER products, has been driving the segment's Enterprise introduced its next-generation body-worn camera, Axon Body 4, in April 2023. With upgraded features such as a bi-directional communications facility and a point-of-view camera module option, this body camera is generating significant demand, thus bolstering the segment's growth. Shipment of this body camera began in June 2023 and the customer response has been impressive so increase in the aggregate number of users to the Axon Enterprise network is aiding the Software & Services segment. After witnessing a year-over-year 33.4% jump in 2024, revenues from the segment also increased 39% in the first quarter. Continued momentum in digital evidence management and increased demand for premium add-on features are driving the segment's of premium subscription plans also continues to rise as more customers recognize the value of enhanced capabilities. This ongoing expansion supports a growing base of annual recurring revenues (ARR). Strong customer alignment, broader adoption across sectors and continuous product innovation led Axon Enterprise to raise its guidance for now expects revenues to be in the band of $2.60-$2.70 billion compared with $2.55-$2.65 billion expected earlier, indicating growth of approximately 27% year over year at the company's strategic partnership with other companies enables it to expand its product offerings and customer base. In June 2024, Axon Enterprise entered into a partnership with Skydio (a leading U.S. drone manufacturer) to introduce a comprehensive line of drones in public safety that includes a scalable Drone as First Responder (DFR) solution. The combined offering will support the company's DFR programs across its customer base and strengthen its market position in this category. Axon Enterprise's trailing 12-month return on equity (ROE) is indicative of its growth potential. ROE for the trailing 12 months is 21.98%, higher than the industry's 11.08%. This reflects the company's efficient usage of shareholder funds. In comparison, ROE for its peers, Kratos Defense & Security Solutions and Teledyne Technologies, is pegged at 5.68% and 9.95%, respectively. Image Source: Zacks Investment Research Earnings estimates for AXON have moved north over the past 30 days, reflecting analysts' optimism. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The Zacks Consensus Estimate for 2025 earnings is pegged at $6.15 per share, reflecting an increase of 0.7% in the past 30 days. The figure indicates year-over-year growth of 3.5%. The consensus mark for 2026 earnings is pinned at $7.55 per share, increasing 0.3% in the past 30 days. The figure also indicates year-over-year growth of 22.8%. Image Source: Zacks Investment Research Despite the positives, the escalating costs and expenses are a concern for Axon Enterprise's bottom line. In 2024, its cost of sales soared 39% year over year on higher wages and stock-based compensation expenses. The metric, as a percentage of sales, was 40.4% in the year, up 160 basis points. The trend followed in first-quarter 2025, with the cost of sales increasing 18.2% year over year. Also, the company's quarterly selling, general and administrative expenses increased 48% year over year. AXON's lofty valuation remains another concern. The stock is trading at a forward 12-month price-to-earnings (P/E) ratio of 112.59X, significantly higher than the industry average of 42.04X. This elevated valuation could make the stock vulnerable to further pullbacks if market sentiment sours. In comparison with AXON's valuation, Kratos Defense & Security and Teledyne Technologies are trading at 67.16X and 22.07X. Strong momentum across the Connected Devices and Software & Services segments, along with its investments in the AI space, drones and robotics, positions AXON favorably for impressive growth in the long run. Also, its collaboration with other companies to enhance public safety offerings and positive earnings estimates instill investor confidence. However, a few challenges, such as escalating operating expenses and premium valuation, are limiting this Zacks Rank #3 (Hold) company's near-term current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry point. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teledyne Technologies Incorporated (TDY) : Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS) : Free Stock Analysis Report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error 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
15-05-2025
- Business
- Yahoo
MatrixSpace Delivers AI-Powered Edge Solutions for Public Safety and Smart City Applications
MatrixSpace integrates Dell NativeEdge to enhance real-time AI, strengthen public safety programs, and support next-generation smart city initiatives BURLINGTON, Mass., May 15, 2025 /PRNewswire/ -- Today, MatrixSpace, a leader in AI-enhanced radar sensing technology, announced that MatrixSpace 360 Radar is using Dell Technologies AI-powered edge computing to enhance its radar sensor solutions. By integrating Dell NativeEdge, the advanced edge operations software solution that helps manage and secure technology deployed in the field, MatrixSpace is boosting the speed, security, and scalability of its situational awareness technology to support the future of public safety and smart city operations. "Our vision at MatrixSpace has always centered on the edge," said Dr. Nihar Nanda, Head of AI Products at MatrixSpace. "We needed a partner that could deliver the performance and reliability required for critical, real-time applications. Dell NativeEdge met those needs perfectly, allowing us to accelerate our AI development, enhance user experiences, and get these life-saving solutions into the field faster." The MatrixSpace 360 Radar combines a future-proof edge computing architecture with scalable AI software, delivering real-time object detection and classification, simplified system management, and accelerated decision-making without relying on cloud processing. Powered by Dell NativeEdge, each node provides a full 360-degree field of view with industry-leading detection range for aircraft and small drones and is interconnectable for consistent low airspace awareness across vast distances. The City of Palm Springs Police Department (PSPD) is among the first to deploy this integrated solution. Through a network of MatrixSpace 360 Radars powered by Dell NativeEdge, the department supports its innovative "Drone as First Responder" (DFR) program. The system allows remotely piloted drones to be dispatched immediately to emergency scenes, helping to de-escalate incidents, locate suspects, assist in search and rescue missions, and act as a vital force multiplier for the agency. Working with Dell Technologies, MatrixSpace is helping to lay the foundation for the next generation of public safety and security programs and the future of drone delivery and autonomous air mobility. Please visit MatrixSpace at Dell Technologies World (NativeEdge Pavillon), taking place May 19–22 at the Venetian Conference Hotel in Las Vegas, NV, to learn more about how MatrixSpace and Dell are transforming the way our cities work and play. About MatrixSpaceMatrixSpace provides affordable, AI-enhanced radar sensor solutions for situational awareness, serving customers in public safety, critical infrastructure, transportation, and emerging autonomous markets. Media Contact:Mariah Mckenziemariah@ View original content to download multimedia: SOURCE MatrixSpace Error 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
03-04-2025
- Business
- Yahoo
Flock Safety Opens New Drone Manufacturing Facility
Safety technology solutions provider Flock Safety announced the opening of its new manufacturing facility in Smyrna, Georgia. The 97,000-square-foot facility will produce the company's advanced public safety tools, including Drone As First Responder (DFR) technology. It will also refurbish damaged devices and assemble solar panels. Most Read on 8 New Corvettes Were Stolen from a GM Plant in Kentucky WATCH: Flooring Manufacturer Raided for Alleged Labor Trafficking WATCH: Cleveland-Cliffs Laying Off Hundreds Amid 'Weak' Auto Market Trump Pardons Nikola Founder Flock Safety expects the location, which represents an investment of about $10 million, to meet full operations in 2027 and create 210 new jobs. Last year, the company launched DFR, a fully automated air support system that provides eyes-on-the-scene access for emergency responders. The system positions drones at automated, battery-swapping docks that can reach anywhere within a 3.5-mile radius in an average response time of 86 seconds. 'Drone as First Responder technology stands to transform emergency response, and these made-in-America, NDAA-compliant drones will have a transformative impact on the local communities we aim to serve," Flock Safety CEO and Founder Garrett Langle said. Founded in 2017, Flock Safety reportedly serves more than 4,800 law enforcement agency partners and over 1,000 business customers. Other company products include License Plate Reader cameras and gunshot detection sensors. Click here to subscribe to our daily newsletter featuring breaking manufacturing industry news.
Yahoo
02-04-2025
- Business
- Yahoo
Georgia-based Flock Safety launches Smyrna drone facility
Flock Safety, the Georgia-based technology solutions provider, is opening a new manufacturing facility for drones in Smyrna. On Wednesday, company leaders and state officials gathered in Cobb County for the 97,000-square-foot facility's ribbon-cutting ceremony, where Gov. Brian Kemp and Flock CEO Garrett Langley shared their excitement for the new venture. 'In Georgia, we foster a business environment where innovative companies can get off the ground and grow into leaders in their industry while operating in safe communities,' Kemp said in a statement ahead of the event. 'Flock Safety is a great example of the success that approach has created, and we're proud to celebrate this milestone with them. We look forward to many years of partnership with Flock Safety in their efforts to help keep Georgians safe.'. At Wednesday's ribbon cutting, Channel 2′s Steve Gehlbach heard how Flock plans to hire hundreds of people to work at the new facility. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] The company, founded in 2017 in Georgia, is expected to create 210 new jobs over the next three years. The governor's office said the facility also represents a $10 million investment. In Smyrna, Flock Safety CEO Garrett Langley said 'it's easy to see that drones are the future of law enforcement. They are safer, they are faster, they work 24 hours a day, seven days a week.' TRENDING STORIES: At least 4 tornadoes confirmed during metro Atlanta storms on Monday GA officer accused of stealing suspect's money, passport during traffic stop VIDEO: Hawks fan awkwardly slips during court Tic-Tac-Toe game, injures his knee Flock purchased drone company Aerodome in 2024 before it launched its Drone as First Responder system. Now, the Smyrna facility will produce the company's public safety tools, which includes the drone technology. It'll also refurbish damaged devices and put together solar panels. Currently, Flock Safety employs 250 positions in Georgia and 'over 300 law enforcement agencies and 100 businesses in Georgia have deployed Flock Safety's technology to solve and reduce crime.' 'We feel fortunate to have our roots in Georgia, the state that is undisputedly the leader in the American aerospace industry, and are proud to invest further by creating hundreds of advanced manufacturing and aviation jobs locally,' Langley said in a statement. 'Drone as First Responder technology stands to transform emergency response, and these made-in-America, NDAA-compliant drones will have a transformative impact on the local communities we aim to serve.' Speaking at the ribbon-cutting, Cobb County Police Chief Stuart VanHoozer spoke about how partnering with Flock has helped stop crime in the county. Cobb police have seen dramatic drops in motor auto thefts and violent armed robberies, the chief said. Last week, Channel 2 Action News reported on how Flock technology even helped police find a kidnapping suspect accused of trying to take a child from an Acworth Walmart. 'We caught homicide suspects from metro Atlanta, we seized guns we would have never seized, gang members we would have never taken into custody,' VanHoozer said. 'All for the people of Cobb County.' Hiring for the facility is already underway, the governor's office said. [SIGN UP: WSB-TV Daily Headlines Newsletter]
