AgEagle Aerial Systems

AgEagle Aerial Systems, Inc. engages in the design and manufacture of drones for commercial use. The firm also enables the capturing, imaging, editing, and analyzing of images and data captured by drones and intends on using commercial drones to be used for delivery services of goods. It offers contract manufacturing, drone solutions, and agriculture solutions. The company was founded on March 31, 1999 and is headquartered in Wichita, KS.

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Proxy voting deadline is 11:59 p.m. (Eastern Time) on December 19, 2024 WICHITA, Kan.

AgEagle Aerial Systems Board of Directors and Management Urge Stockholders to Vote Their Definitive Proxy Statement Prior to Its Special Meeting of Stockholders

UAVS's Q3 results reflect a narrowed y/y loss, an improved gross margin and strong cost control despite a revenue decline and ongoing liquidity challenges.

AgEagle Aerial Posts Narrower Y/Y Loss in Q3, Mixed Performance

WICHITA, Kan., Nov. 21, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the appointment of L.B. Day to the Company's Board of Directors effective November 17, 2024. AgEagle CEO Bill Irby commented, “We are thrilled to announce the appointment of L.B. Day to our Board of Directors. His unparalleled expertise in strategic planning, marketing, and executive team development will be invaluable as we continue to drive innovation and growth. L.B.'s track record speaks for itself, and we are confident that his insights and leadership will help us navigate the challenges ahead and seize new opportunities as we continue to build long-term shareholder value.”

AgEagle Aerial Systems Announces Appointment of L.B. Day to Board of Directors

WICHITA, Kan., Nov. 21, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the appointment of Adrienne Anderson as Interim Chief Financial Officer effective November 14, 2024.

AgEagle Aerial Systems Appoints Adrienne Anderson as Interim Chief Financial Officer

Retired U.S. Navy pilot and seasoned aviation executive brings over 30 years experience  WICHITA, Kan., Nov. 20, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the appointment of Brent Klavon to the Company's board of directors effective November 8, 2024.

AgEagle Aerial Systems Announces Appointment of Brent Klavon to Board of Directors

WICHITA, Kan., Nov. 13, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (the “Company”) (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announced today that the Company received a notice from the NYSE American LLC (“NYSE American”) on November 6, 2024, advised that the Company had regained compliance with its continued listing standard set forth in Section 801(h) and Section 803(B(2)(C) of the NYSE American Company Guide. Specifically, the Company now has at least 50% board independence and two independent audit committee members.

AgEagle Aerial Systems Regains Compliance with NYSE American Continued Listing Standards

WICHITA, Kan., Nov. 04, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces that on October 30, 2024, the Company received written notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) stating that it is not in compliance with the continued listing standards set forth in (i) Section 801(h) of the NYSE American Company Guide (the “Company Guide”) because the Company's Board of Directors (the “Board”) is not comprised of at least 50% independent directors (the “Board Composition Requirement”) and (ii) Section 803B(2)(c) of the Company Guide because the Company's Audit Committee (the “Audit Committee”) is not comprised of at least two independent members (“Audit Committee Composition Requirement”). The Notice stated that the Company will have until the earlier of its next annual meeting or one year from the date of its noncompliance with the Board Composition Requirement to appoint at least one additional independent director to the Board; provided, however, that if the annual shareholders meeting occurs no later than 180 days following the event that caused the noncompliance, the Company shall instead have 180 days from such event to regain compliance with the Board Composition Requirement. The Notice also stated that the Company will have until the earlier of its next annual meeting or one year from the date of its noncompliance with the Audit Committee Composition Requirement to appoint at least one additional independent member to the Audit Committee; provided, however, that if the annual shareholders meeting occurs no later than 75 days following the event that caused the noncompliance, the Company shall instead have 75 days from such event to regain compliance with the Audit Committee Composition Requirement.

AgEagle Aerial Systems Receives Non-Compliance Notice from NYSE American

WICHITA, Kan., Oct. 30, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the appointment of Kevin Lowdermilk to the Company's board of directors effective October 25, 2024.

AgEagle Aerial Systems Announces Appointment of Kevin Lowdermilk to Board of Directors

WICHITA, Kan., Oct. 22, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, today issues a Letter to Stockholders from Company CEO Bill Irby.

AgEagle Aerial Systems CEO Issues Letter to Shareholders Highlighting Corporate Actions to Position the Company for Long-Term Value

Wichita, Kansas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announced today a reverse stock split of its authorized, issued and outstanding common stock, par value $0.001 per share, at a ratio of one (1) share of common stock for every fifty (50) shares of common stock, effective as of 5:00 p.m. (Eastern Time) on October 14, 2024 (the “Effective Date”). The Company's common stock will begin trading on a split-adjusted basis when the market opens on October 15, 2024. The reverse stock split was authorized by the Company's Board of Directors on October 3, 2024. Pursuant to the laws of the State of Nevada, the Company's state of incorporation, the Company's Board of Directors has the authority to effect a reverse stock split without shareholder approval if the number of authorized shares of common stock and the number of outstanding shares of common stock are proportionally reduced. The Company will file a certificate of change to its articles of incorporation, as amended, with the Secretary of State of Nevada to effect the reverse stock split. The Company's common stock will continue to trade on the NYSE American under the stock ticker “UAVS” but will trade under the new CUSIP number 00848K 309.

AgEagle Aerial Systems Inc. Announces Reverse Stock Split

Annual event featured UAS industry leaders determined through rigorous selection process WICHITA, Kan., Oct. 03, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the Company was selected to participate in the REPMUS 2024 Exercise co-hosted by NATO.

AgEagle Aerial Systems eBee VISION Selected to Participate in REPMUS 2024 Exercise Co-Hosted by NATO

Wichita, Kan., Oct. 01, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced the closing of a public offering with gross proceeds to the Company of approximately $6.5 million, before deducting placement agent fees and other estimated offering expenses payable by the Company.

AgEagle Aerial Systems Inc. Announces Closing of $6.5 Million Public Offering

Wichita, Kan., Sept. 30, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced the pricing of a public offering with gross proceeds to the Company expected to be approximately $6.5 Million, before deducting placement agent fees and other estimated offering expenses payable by the Company.

AgEagle Aerial Systems Inc. Announces Pricing of $6.5 Million Public Offering

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VANCOUVER, BC / ACCESSWIRE / September 24, 2024 / Planet MicroCap presents the Planet MicroCap Showcase: VANCOUVER taking place on September 25-26, 2024, where 50 MicroCap public and private companies will be presenting at the Fairmont Waterfront Vancouver in Vancouver, BC. Event website: www.PlanetMicroCapShowcase.com The Planet MicroCap Showcase begins on Wednesday, September 25, 2024 with back to back keynotes from Paul Andreola, Founder and Editor of Small Cap Discoveries, and Brent Todd, Senior Investment Advisor at Canaccord Genuity Wealth Management, followed by 50 MicroCap public and private company presentations and 1x1 meetings on September 25 and 26.

Keynotes and 50 Companies to Present at the Planet MicroCap Showcase: VANCOUVER in association with Small Cap Discoveries on September 25-26, 2024 at the Fairmont Waterfront Vancouver

Flight event at FAA-designated site evaluated the integration of select UASs with Air Force Research Lab (AFRL) airspace system

AgEagle Aerial Systems eBee VISION Selected by Defense Innovation Unit (DIU) to Participate in Key Collaboration Event

From July to mid-August sensor and sensor-related purchase orders total approximately $800,000 WICHITA, Kan., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, announces the Company has received numerous purchase orders totaling approximately $800,000 of sensors and sensor-related accessories through its network of Value Added Resellers (“VAR”) from July 1, 2024 to Aug 15, 2024, of which approximately $600,000 has shipped to date.

(UPDATED) AgEagle Aerial Systems Provides Positive Update on Sensor Sales

From July to mid-August sensor and sensor-related sales total $833,610 WICHITA, Kan., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, announces the Company has sold $833,610 of sensors and sensor-related accessories through its vast network of Value Added Resellers (“VAR”) from July 1, 2024 to Aug 15, 2024.

AgEagle Aerial Systems Provides Positive Update on Sensor Sales

Cost-control measures and diverse product offerings across its main segments aid AgEagle's (UAVS) earnings in Q2.

AgEagle (UAVS) Reports Y/Y Rise in Q2 Earnings & Revenues

Delivery of the initial 20 of 49 systems effectuates the largest single purchase order in Company history WICHITA, Kan., Aug. 20, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, announces the delivery of the first 20 eBee VISION systems to its reseller for French Army surveillance operations.

AgEagle Aerial Systems Announces Landmark Delivery of eBee VISION Drones to the French Army

Participants explored and received training on all advanced capabilities of the eBee VISION WICHITA, Kan., July 25, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of best-in-class full stack flight hardware, sensors, and software for commercial and government use, announces that the Company has recently completed a training exhibition for key defense and public safety partners in the U.S.: Darley, GeoAcuity, Hexagon US Federal, and Tough Stump Technologies.

AgEagle Aerial Completes eBee VISION Training Exhibition for Prominent Defense and Public Safety Partners in the U.S.

Discover why Zacks rates AgEagle (UAVS) as "Underperform," being the first on Wall Street to initiate the coverage of the stock. Explore how AgEagle faces steep financial and operational hurdles, with declining revenues, high cash burn and substantial debt.

Zacks Initiates Coverage of AgEagle With Underperform Recommendation

AgEagle Aerial Systems Inc. (NYSE:UAVS) CEO Bill Irby joined Proactive to discuss the company's recent announcement it has secured a $2 million contract to deliver 20 eBee VISION systems to a leading distributor in the UAE, highlighting the global need for enhanced public safety and security. This follows AgEagle's recent milestone with the US Army Corps of Engineers using their eBee TAC drone, the first fixed-wing UAV on the Defense Innovation Unit Blue UAS list.

AgEagle Aerial Systems CEO discusses major contract wins, strategic focus on military applications

WICHITA, Kan., June 05, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of best-in-class full stack flight hardware, sensors and software for commercial and government use, has announced that the Company has secured a purchase order to deliver 20 eBee VISION full-stack systems with control systems, batteries, backpacks, and limited spares, to a leading distributor in the United Arab Emirates (UAE). The value of this system contract is expected to be approximately $2 million for fiscal year 2024.

AgEagle Announces $2M Drone (UAV) Sale to United Arab Emirates Distributor

WICHITA, Kan., May 01, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class full stack unmanned aviation systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, today announces the U.S. Army Corps of Engineers (USACE) completed its training for National Guardsman utilizing, among other UAVs, the AgEagle eBee TAC drone, NDAA- compliant and the first fixed-wing drone to be added to the Defense Innovation Unit (DIU) Blue UAS list and cleared to fly over humans.

AgEagle Aerial Systems Announces its Drones Used by U.S. Army Corps of Engineers

WICHITA, Kan., April 30, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, has announced that the Company has secured its largest single purchase order to date to deliver 40 eBee VISION systems, and nine other eBees, including drones, sensors, datalinks, and control stations placed by a reseller to the French Army, specifically tailored for public safety, intelligence surveillance and reconnaissance missions. The revenue from this system contract is expected to be approximately $3.4 million for fiscal year 2024, making this the largest contract in AgEagle's history.

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