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WICHITA, Kan. - AgEagle Aerial Systems Inc. (NYSE:UAVS), a $66.1 million market cap company with impressive gross profit margins of 49.2%, announced Tuesday the release of its new RedEdge-P Green multispectral camera designed for precision agriculture applications.
The camera provides high-resolution multispectral imaging with modular configurations to help farmers make data-driven decisions throughout the growing cycle, according to a company press release.
"The RedEdge-P Green represents a leap forward in precision agriculture, providing unprecedented accuracy and precision in the emerging smart farming vertical," said Bill Irby, CEO of AgEagle Aerial Systems.
The device features specialized spectral bands that capture data on chlorophyll, carotenoids, and flavonoid content in crops. The company states the technology can help farmers reduce fertilizer and irrigation inputs while optimizing harvest timing through indices like the Plant Senescence Reflectance Index.
The camera is available as a standalone unit or in paired configurations with other RedEdge models, offering up to 15 spectral bands for agricultural analysis. Each camera kit includes a Calibrated Reflectance Panel and Downwelling Light Sensor for data calibration under varying light conditions.
The RedEdge-P Green is NDAA-compliant and compatible with multiple drone platforms. Initial production has begun with the first units expected to ship this week.
Founded in 2010, AgEagle provides drone and aerial imaging solutions for customers in energy, construction, agriculture, and government sectors. While the company maintains strong cash positions relative to debt, InvestingPro analysis indicates the stock is currently trading near its Fair Value. Subscribers can access 12 additional ProTips and comprehensive financial metrics to make informed investment decisions.
In other recent news, AgEagle Aerial Systems Inc. has made significant strides with its drone technology. The company announced that its eBee VISION drone has received Blue UAS certification, enabling it for procurement by the U.S. Department of Defense and other federal agencies. This certification comes shortly after the eBee TAC drone received the same designation, confirming both drones meet the security and performance standards required by the DoD. Additionally, AgEagle has expanded its market presence by completing its first sale of the eBee VISION drone in Thailand, marking its entry into the Southeast Asian market. This sale was facilitated by Sky Visual Imaging Venture, a local partner. The U.S. Transportation Department’s proposal to expand commercial drone operations could further benefit AgEagle, as it aims to accelerate the deployment of drones beyond operators’ visual line of sight. These developments indicate a growing opportunity for AgEagle in both domestic and international markets.
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