Latest news with #SafeProGroupInc
Business Wire
6 days ago
- Business
- Business Wire
Safe Pro Group Set to Join Russell Microcap ® Index
AVENTURA, Fla.--(BUSINESS WIRE)-- Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI)-driven security solutions, is set to join the Russell Microcap® Index at the conclusion of the 2025 Russell indexes annual reconstitution, effective after the US market opens on June 30, 2025, according to a preliminary list of additions posted on May 23, 2025. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30, 2025, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. 'Joining the Russell Microcap® Index marks another milestone for Safe Pro Group, reflecting the progress we have made in advancing our mission to deliver AI-powered security solutions for defense and humanitarian missions around the world. Our unique combination of technologies can help save lives and support the restoration of critical infrastructure and valuable agricultural land contaminated by explosive threats as a result of war,' said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. 'We look forward to our inclusion in the Russell Microcap® index which can bring greater investor awareness to Safe Pro at this pivotal time as we continue to scale our technology, expand our market reach, and drive innovation and long-term value for all our stakeholders.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit and connect with us on LinkedIn, Facebook, X and Instagram. About Safe Pro Group Inc. Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available "off-the-shelf" drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. Forward-Looking Statements Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Forward-looking statements in this press release include, without limitation, Safe Pro's inclusion in the Russell Microcap® index and its ability to develop and sell its technology and services. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth under Item 1A. in the Company's most recently filed Form 10-K and updated from time to time in the Company's Form 10-Q filings and in other filings with the Securities and Exchange Commission (the 'SEC'), copies of which may be obtained from the SEC's website at The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
Business Wire
12-05-2025
- Business
- Business Wire
Safe-Pro Awarded Order for Ballistic Protective Gear to Support Demining Operations in the Asia-Pacific Region
AVENTURA, Fla.--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ('Safe Pro' or the 'Company'), a leading provider of artificial intelligence (AI)-driven security solutions, announced today that its ballistics protection unit, Safe-Pro USA LLC has received an order for its American-made Explosive Ordnance Disposal (EOD) protective gear from a US Government Contractor (the 'Contractor' or the 'Customer') operating in the Asia-Pacific region. Additionally, the Customer will test the Company's SpotlightAI™ Artificial Intelligence (AI)-powered drone imagery analysis ecosystem in the Pacific Rim. The evaluation represents a significant opportunity for SpotlightAI™ beyond its current use in Ukraine, opening the door to expanded real-world adoption across the Asia-Pacific region and other territories where the Contractor is engaged in humanitarian and government-funded demining programs. According to International Campaign to Ban Landmines, Landmine Monitor 2024 Annual Report, multiple countries in East and South Asia and the Pacific are contaminated with landmines and unexploded ordnance (UXO) including Bangladesh, Cambodia, Indonesia, Laos, the Philippines, Thailand and Myanmar, which recorded over 1,000 casualties in 2023. 'We are pleased to provide this new Customer with our US-manufactured lifesaving personal protective equipment as we work to further expand our support for international humanitarian and government-funded demining efforts around the globe,' said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. 'The request by this new Customer to evaluate our patented SpotlightAI™ drone image analysis platform represents the latest milestone as we expand our operational footprint and address the global challenge of landmines. We look forward to working closely with the Customer to support their field personnel and their efforts to protect civilian lives from the persistent and deadly threat of UXO.' Safe-Pro USA, a HUBZone-certified small business, specializes in the manufacture of ultra-premium bullet and blast resistant protection equipment utilized by domestic and international customers in the military, law enforcement, and humanitarian/peacekeeping markets. It has more than 30 years of combined experience in the US defense industry with proven expertise and strength in the design, engineering, and manufacture of advanced armor composites. Safe-Pro USA offers a full array of bullet and blast resistant personal protective equipment including complete EOD Systems, demining aprons, bomb blankets, body armor and ballistic plates. Many of its products are available for purchase by Federal, State and Local government customers and agencies under a Multiple Award Schedule (MAS) contract by the U.S. General Services Administration (GSA). Safe Pro's AI-powered drone-based imagery analysis platform can detect and identify over 150+ types of landmines and unexploded ordnance in a fraction of a second per image, rapidly delivering mission-critical situational awareness. Its patented Safe Pro Object Threat Detection (SPOTD) technology, whether deployed on the edge in real-time (SpotlightAI™ OnSite) or leveraging Amazon Web Services (AWS) on the cloud (SpotlightAI™), can scale globally, offering solutions for rapid battlefield analysis and force protection, to supporting large-scale commercial and humanitarian demining operations. Powering the Company's SPOTD technology, Safe Pro's unique real-world datasets include high-resolution drone imagery and GPS-tagged geospatial data encompassing over 1.5 million drone images analyzed to date, with 26,000+ threats identified across 6,000+ hectares in Ukraine, an area nearly equivalent in size to Manhattan. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit and connect with us on LinkedIn, Facebook, X and Instagram. About Safe Pro Group Inc. Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available 'off-the-shelf' drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit Forward-Looking Statements Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the 'SEC'), copies of which may be obtained from the SEC's website at Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law.
Yahoo
23-04-2025
- Business
- Yahoo
Safe Pro's AI Edge-Based Small Object Threat Detection Platform Demonstrates Effectiveness in Actual Minefield Operations for Military Force Protection and Humanitarian Applications
Company Publishes Video of Highlighting Advanced Edge AI Processing of Drone-based Imagery for Threat Detection Providing Enhanced Safety, Situational Awareness and Flexibility for Personnel Operating in Contested Environments AVENTURA, Fla., April 23, 2025--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leader in artificial intelligence (AI)-powered defense and security solutions, today announced that its SpotlightAITM OnSite (OnSite) real-time, edge-based, small object threat detection technology, has successfully completed operations in active minefields in Ukraine. This successful deployment highlights the Company's patented capability to rapidly identify and instantly map live explosive threats including small anti-personnel cluster munitions and landmines scattered over large areas. Building on over two years of real-world battlefield testing, this milestone in the Company's development roadmap demonstrates the ability to deliver edge-based small object threat detection reducing a soldier's cognitive load and representing the next generation of force protection. To view a video of SpotlightAITM Onsite please click here. "Evolving threats like remote mining where everyday drones are strategically delivering small mines is a new critical threat profile that our edge-based system is uniquely designed to address. Our recent operational success confirmed that our AI models can reduce the cognitive load on soldiers who are already heavily tasked and may not have the time to recognize explosive threats in their path. This a significant step forward on the Edge where drone-based small object threat detection for force protection is responding to the rapidly changing modern battlefield. Building upon our unmatched real-world experience in detecting, identifying and locating small explosive threats in Ukraine, we believe OnSite can deliver a new level of enhanced situational awareness that will allow military, government and humanitarian personnel to safely conduct their critical missions with greatly enhanced safety," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. "The increasing number of countries exiting the Ottawa Convention on anti-personnel landmines will likely lead to an increased proliferation of deadly anti-personnel mines and that is why we are committed to the further development and deployment of our patented technology so that we can help protect our soldiers and our allies." Real-Time Threat Detection Anywhere, On the Cloud and the Edge The SpotlightAITM OnSite application is a real-time autonomous mine and explosive threat detection software designed for use with virtually any drone and running locally at the Edge on Microsoft Windows-based PCs. Operating on a battlefield or in a contested territory and providing real-time local AI processing of drone-based imagery without internet or battlespace connectivity, SpotlightAITM OnSite can provide enhanced situational awareness for greater soldier safety and enhanced force protection. Whether deployed on the edge in real-time or leveraging Amazon Web Services (AWS) on the cloud, the Company is equipped to scale globally, offering solutions from rapid battlefield analysis and force protection to large-scale commercial and humanitarian demining operations. Powered by Real-World Data and Expertise OnSite is powered by the Company's patented Safe Pro Object Threat Detection (SPOTD) technology which is designed to detect over 150 different kinds of small, hard-to-spot threats including landmines, anti-personnel mines, cluster munitions and UXO. SPOTD's standards-based software architecture makes it easy to seamlessly integrate it with military communication systems, ground vehicles, and C6ISR (Command, Control, Communications, Computers, Cyber-Defense and Combative Systems) frameworks. Soldiers can access real-time threat alerts on mobile devices, vehicle displays, and tactical networks, providing unmatched precision in navigating hazardous environments. Battletested over the past 2 years, Safe Pro's unique real-world datasets include high-resolution drone imagery and GPS-tagged geospatial data encompassing over 1.29 million drone images analyzed to date, and 23,000+ threats identified across 5,300+ hectares in Ukraine, an area nearly equivalent in size to Manhattan. Utilizing this data, Safe Pro is establishing itself as a leading provider in the AI-powered threat detection market. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit and connect with us on LinkedIn, Facebook, X and Instagram. About Safe Pro Group Inc. Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available "off-the-shelf" drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit Forward-Looking Statements Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law. View source version on Contacts Media Relations for Safe Pro Group Inc.:media@ Investor Relations for Safe Pro Group Inc.:investors@ Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Is Safe Pro Group Inc. (SPAI) Among the Worst Performing Defense Stocks So Far in 2025?
We recently published a list of the 10 Worst Performing Defense Stocks So Far in 2025. In this article, we will take a look at where Safe Pro Group Inc. (NASDAQ:SPAI) stands against other worst performing stocks this year. US defense stocks have wobbled this year, amid concerns about government budget cuts. In February, President Trump hinted at significantly reducing future military spending if things settle down with China and Russia. The creation of DOGE has also reshaped investors' views of the industry. READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 13 Best Defense Stocks to Buy According to Billionaires. Elsewhere, particularly in Europe, stocks have soared this year, with governments unlocking billions to supercharge their militaries. EU leaders met in Brussels in March to discuss the 'ReArm Europe Plan', which will allow the bloc to mobilize funds up to $860 million through bonds and relaxed rules on borrowing and spending. Despite a shaky start to 2025, analysts at UBS are hopeful about America's defense sector and believe the downside is shrinking and the FY26 budget request would present a better visibility into long-term expenditure plans. Here is what the firm recently stated: 'Consensus estimates have moved higher since the election despite the 40% sell-off. The downside potential seems increasingly smaller. We believe that the current environment is markedly different from Sequestration and do not believe a similar outcome is likely.' Citi analyst Jason Gursky is also urging investors that this is the right time to buy American defense stocks. 'We recognize the world order is evolving under the current President, perhaps to a multi-polar one in which three countries control spheres of influence over the Americas, Europe and Asia. However, we don't view that world to be any less dangerous or one that decreases the need to acquire the tools of deterrence.' Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. Gursky argues that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. An experienced investor staring at a wall of monitors displaying stocks and mortgaged securities. For this article, we went through screeners to identify stocks in the aerospace and defense industry. From there, we picked the top 10 stocks with the worst year-to-date negative returns in share price, as of the close of business on March 26, 2025. Pure-play aerospace stocks that do not deal in defense contracts have been excluded from the list. The stocks are ranked according to their share price decline. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). YTD Decline in Share Price: -24.07% Safe Pro Group Inc. (NASDAQ:SPAI) is a leading provider of security and protection solutions, with expertise in advanced AI/ML software technology for small object threat detection. On March 3, the company appointed Young J. Bang, former Principal Deputy Assistant Secretary of the Army, as Chairman of the Strategic Advisory Board. The decision is in line with Safe Pro Group Inc. (NASDAQ:SPAI)'s commitment to spearhead advanced AI technology into US military systems. In February, Safe Pro Group Inc. (NASDAQ:SPAI) signed a multi-year agreement with a leading technical university in Ukraine, under which the two organizations will collaborate on utilizing SPAI's AI-powered drone image processing technology to develop training programs and build enhanced demining methodologies. Despite these positive developments, shares are down by over 24% year-to-date, landing it a place among the worst performing stocks this year. Safe Pro Group Inc. (NASDAQ:SPAI) has had volatile returns since its IPO in August 2024, likely due to sharp market reactions to news related to the stock. Another reason behind the stock's volatility could be a lack of analyst coverage, which is resulting in low investor recognition. The general uncertainty in the aerospace and defense industry is also adversely impacting the returns of several companies in the sector. Overall, SPAI ranks 9th among the worst performing defense stocks so far in 2025. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Why Safe Pro Group (SPAI) Declined Last Week?
We recently published a list of Why These Defense Stocks Are Declining This Week. In this article, we will take a look at where Safe Pro Group Inc. (NASDAQ:SPAI) stands against other stocks that are declining this week. Defense stocks across the world are witnessing an unprecedented bull run and soaring to new heights as European governments unlock billions to supercharge their militaries. Stocks in Europe have rallied this year, with several companies in the sector registering double-digit returns. Asian contractors in South Korea and India are also benefiting from the splurge. READ ALSO: 10 Best Performing Defense Stocks So Far in 2025 and 13 Best Defense Stocks to Buy According to Billionaires. However, defense stocks in the US have struggled this year due to concerns about government budget cuts. President Trump has hinted at significantly reducing future military spending if things settle down with China and Russia. The creation of DOGE has also reshaped investors' views of the industry. Despite a shaky start to 2025, analysts at UBS are optimistic about the sector as they believe the downside is shrinking. Here is what the firm recently stated: 'Consensus estimates have moved higher since the election despite the 40% sell-off. The downside potential seems increasingly smaller. We believe that the current environment is markedly different from Sequestration and do not believe a similar outcome is likely.' Citi analyst Jason Gursky, in a note to clients on March 5, also urged investors about this being the right time to buy American defense stocks. While the analyst acknowledged that the world may be moving toward a multi-polar order, he argued that it was not any less dangerous to decrease the need to acquire tools of deterrence. Gursky also stated that as long as the global threat environment remains and the United States maintains its leadership role, regardless of whether it is as a sole superpower or as a power in a multipolar world order, defense spending is expected to remain robust, which would benefit stocks in the sector. With that said, let's now head over to the list of defense stocks that are declining this week. Please note that the stocks listed are based on one week's performance. Our analysis does not reflect the prospects of the companies. Their share prices could go high or low in the future, depending on external market conditions, industry-specific challenges, and the company's capabilities. Additional research and caution are advised before making investment decisions. A portfolio manager in front of their computer screen, evaluating a variety of mid-cap stocks. For this article, we went through screeners to see how stocks in the aerospace and defense industry performed over the past week (March 24-28). From there, we picked the top 10 defense stocks with the highest percentage decline in share price during this period. All data is as of the close of business on Friday, March 28, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Weekly Decline: -9.25% Safe Pro Group Inc. (NASDAQ:SPAI) is a leading provider of security and protection solutions, with expertise in advanced AI/ML software technology for small object threat detection. It is among the defense stocks that are declining this week. The stock has had volatile returns since its IPO in August because of sharp market reactions to news related to the company. There is also a lack of analyst coverage, which has resulted in low investor recognition. The general downturn in the defense sector is also affecting shares. Safe Pro Group Inc. (NASDAQ:SPAI) surged after the signing of a multi-year agreement in late February with a leading Ukrainian university on utilizing SPAI's AI-powered drone image processing technology to develop training programs and build enhanced demining methodologies. However, over the weeks that followed, the stock steadily declined. Overall, SPAI ranks 8th among the defense stocks that are declining this week. While we acknowledge the potential of defense companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
