AgEagle Aerial Methods Inc. (NYSE American: UAVS) (“AgEagle” or the “Firm”), an business main drone options supplier, at present introduced its acquisition of Measure International Inc. (“Measure”), an award-winning aerial intelligence options firm, in a mix money and inventory transaction valued at roughly $45 million.
That is the third acquisition by AgEagle, and the second this yr, as a part of the Firm’s core technique to amass and combine solely the best-in-class drone applied sciences required to ship American-made, tailor-made drone options to the world. As industrial and industrial companies proceed to recuperate from the influence of the worldwide pandemic, and using drones throughout all kinds of industries and purposes acquire better acceptance, AgEagle believes firms will search trusted and sturdy companions able to offering a one-stop store for prime quality drone options that successfully deal with enterprise challenges. By including Measure’s superior software program to the AgEagle platform, agriculture, industrial and industrial prospects searching for to capitalize on the numerous financial, security and effectivity advantages made doable by drones used at scale now have a transparent alternative.
Based in 2014 with operations in Washington, D.C. and Austin, Texas, Measure allows enterprises to appreciate the transformative advantages of drone expertise by its game-changing Floor Management SaaS answer. Floor Management is a cloud-based, plug-and-play working system that empowers pilots and huge enterprises with every little thing they should function drone fleets, fly autonomously, collaborate globally, visualize knowledge and combine with present enterprise programs and processes. Measure has a world class buyer base, together with Marathon Pipeline, CNN, CoStar Group, LAPD, Nationwide Insurance coverage, SECO Power, Skanska and Syngenta, in addition to many different Fortune 500 firms.
In August 2019, Measure was acknowledged by Frost & Sullivan with its Frost Radar Finest Practices Award for Progress Excellence within the Drone Companies Supplier market. Measure obtained the best rating on Frost & Sullivan’s Progress Index, which displays an organization’s progress efficiency and monitor document, together with its capacity to develop and execute a completely aligned progress technique and efficient gross sales and advertising techniques. Centered initially on industrial purposes for drones, together with agriculture, infrastructure, building and insurance coverage, Measure has additionally expanded into the federal government and army area, and just lately introduced a venture with the U.S. Air Power.
Michael Drozd, CEO of AgEagle, acknowledged, “Measure represents the following step on our Firm’s continued path as we evolve in turning into a world chief in end-to-end drone options; and it drastically enhances our latest acquisition of superior drone sensor chief MicaSense. Along with established business partnerships with Microsoft, Google, Amazon Net Companies and different main expertise firms, coupled with a rising international buyer base for its Floor Management software program platform, Measure brings to AgEagle a world class staff of drone expertise consultants with deep operational expertise, tens of hundreds of profitable missions and business recognition and respect as one of many world’s main aerial intelligence options firms.”
Brandon Torres Declet, Co-Founder and CEO of Measure and just lately appointed member of the FAA’s Drone Advisory Committee, added, “AgEagle and Measure are utterly aligned on our imaginative and prescient for the way forward for The Drone Age™. As such, this merger represents a strong marriage of strengths, expertise and extremely complementary capabilities and know-how that ought to earn us distinction as the main supplier of true end-to-end drone options on a world foundation.”
For extra detailed details about the acquisition, please check with the associated Type Eight-Okay filed by AgEagle with the U.S. Securities and Change Fee and accessible at www.sec.gov.
About Measure International Inc.
Measure is an aerial intelligence firm that builds software program to automate drone operations workflows. With end-to-end program administration, user-friendly flight management and in-platform knowledge evaluation, Measure’s complete software program answer, Floor Management, helps companies save hundreds of hazardous man-hours and create hundreds of thousands of dollars in operational advantages. Measure has made important contributions to the drone business by marrying high quality design with accessibility and bettering effectivity, security and scalability for industrial drone operations of all sizes and styles. For extra data, please go to www.measure.com.
About AgEagle Aerial Methods Inc.
Based in 2010, Wichita-based AgEagle is likely one of the nation’s main industrial drone expertise, providers and options suppliers. We ship the metrics, instruments and methods essential to outline and implement drone-enabled options that resolve vital issues for our valued prospects. AgEagle’s progress methods are centered on the supply of superior drone applied sciences, contract manufacturing providers and agtech options. Our aim is to ascertain AgEagle as one of many dominant industrial drone design, engineering, manufacturing, meeting and testing firms in the USA and change into the world’s trusted supply for turnkey drone supply providers and options. As well as, we proceed to leverage our fame as one of many main expertise options suppliers to the Agriculture business with best-in-class drones, together with knowledge analytics for hemp and different industrial crops. By means of our subsidiary, AgEagle Sensor Methods, Inc., d/b/a MicaSense, we stay on the forefront of multispectral sensor growth, offering prime quality drone-based cameras to the worldwide market. For extra data, please go to www.ageagle.com and www.micasense.com.
This press launch might comprise “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. Such statements contain dangers and uncertainties that might negatively have an effect on our enterprise, working outcomes, monetary situation and inventory value. Elements that might trigger precise outcomes to vary materially from administration’s present expectations embody these dangers and uncertainties referring to our aggressive place, the business surroundings, potential progress alternatives, and the consequences of regulation and occasions exterior of our management, corresponding to pure disasters, wars or well being epidemics. We expressly disclaim any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements contained herein to replicate any change in our expectations or any adjustments in occasions, circumstances or circumstances on which any such assertion is predicated, besides as required by legislation.
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