- Safe Pro Group recently provided an operational update on the company’s progress across its business units – AI, drone services, and ballistics, following some large strategic investments.
- The company’s computer vision technology for drone imagery processing has been validated through real-world usage and demonstrated that it can improve landmine survey productivity and ROI.
- Some other key developments within the operational update include important collaborations and partnerships, the company accelerating solution development and deployment, and expanding its portfolio of ballistic protection products.
Safe Pro Group (NASDAQ: SPAI), a tech company and developer of AI-powered security and defense solutions, recently provided an operational update about the company’s progress across its business – AI, drone services, and ballistics (https://ibn.fm/Bea04).
This update comes after SPAI received over $20 million in new investments, including a recent $14 million equity investment at $7 per share led by Ondas Holdings Inc., an autonomous drone technology provider.
The company is using the funds to speed up product development and go-to-market strategies at SPAI’s three main subsidiaries, which are Safe Pro AI, Airborne Response, and Safe-Pro USA.
Safe Pro AI
Powered by the company’s Safe Pro Object Threat Detection (“SPOTD”) platform, Safe Pro’s SpotlightAI(TM) drone imagery processing and analysis software uses AI to autonomously find and identify small explosive threats like landmines and unexploded ordnance (“UXO”).
The technology has been validated through analyzing over two million real-world images from operations in Ukraine. A next-gen embedded version of SpotlightAI(TM), called InFlight, is also now being integrated into Red Cat Holding’s Black Widow drone, which is being used by the U.S. Army.
The company has also developed and demonstrated SPOTD NODE (Navigation, Observation & Detection Engine) to U.S. Army stakeholders. Guided by user feedback and based on the company’s experience in Ukraine, SPOTD NODE is an edge-based mapping and drone imagery processing solution that works without internet connectivity to provide quick and effective situational awareness to ground teams in challenging areas.
The company, alongside Norwegian People’s Aid (“NPA”), also recently presented a study that demonstrated that SpotlightAI(TM) can improve demining non-technical survey (“NTS”) productivity by more than 800% and detect 550% more UXO and other explosive remnants of war (“ERW”) per hectare than conventional techniques. The results also showed that it can significantly increase accuracy, while also cutting NTS surveying costs by around 50% per hectare (1 hectare = 2.47 acres).
Airborne Response
Airborne Response, Safe Pro’s drone services subsidiary, has begun support of an autonomous drone-based asset inspection solution. Using self-docking drones from Skydio, Airborne Response’s customers are able to perform fully remote inspections of power infrastructure, which cuts response times and provides useful intelligence for ground teams.
It also continues to improve the Drone-as-a-First Responder (“DFR”) program with a police department in South Florida, which demonstrates that Safe Pro has the capability to improve emergency response and situational awareness in several settings and use cases.
Safe-Pro USA
The company’s ballistic protection unit, Safe-Pro USA is going through the certification process under NIJ 0101.07 standards for a new line of thin and light body armor. This division is also working to finish up ISO 9001 certification, an international standard that verifies a company’s quality management system. Both of these are key requirements to access both state and federal contracts.
Safe-Pro USA is also testing lightweight composite armor kits for government and police vehicles, which are designed to stand up to high-powered rifle fire without impacting the performance of the vehicle.
Speaking about the operational update as a whole, Dan Erdberg, the Chairman and CEO of Safe Pro Group said that the company is “entering a new phase of execution and scale.”
He also added that, “With a strengthened balance sheet and strong partners in the drone and defense sectors, we are accelerating the deployment of our AI, aerial services and ballistic products to serve critical defense, infrastructure, public safety and Humanitarian missions globally.”
About Safe Pro Group Inc. (NASDAQ: SPAI)
Safe Pro Group is a mission-driven tech company that delivers cutting-edge security and defense solutions to customers within the homeland security, defense, humanitarian, law enforcement, and commercial markets. The company offers a patented AI and ML-driven computer vision software technology to help rapidly detect and identify small objects like landmines and UXO.
For more information, visit the company’s website at www.SafeProGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI
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