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WICHITA, Kan. - AgEagle Aerial Systems Inc. (NYSE:UAVS), a drone technology company currently valued at $33.28 million and showing signs of being undervalued according to InvestingPro Fair Value analysis, has completed its first sale of the eBee VISION fixed-wing drone in Thailand, the company announced Tuesday in a press release.
The sale, facilitated by local partner Sky Visual Imaging Venture (SkyVIV), represents AgEagle’s initial entry into the Southeast Asian market. The eBee VISION drone is designed for airborne surveillance with live video and tracking capabilities for emergency and security services.
"We are thrilled to bring the eBee VISION to Thailand through our valued partner SkyVIV, marking a pivotal expansion into Southeast Asia," said Bill Irby, CEO of AgEagle Aerial Systems.
SkyVIV, which has partnered with AgEagle since 2012, has primarily promoted eBee drones for agricultural applications and civil monitoring in Thailand, particularly in the sugar industry.
"With advancements in drone technology, there is strong interest in fixed wing drones for real time video and tracking," said SkyVIV COO Piyadol Pivadol.
According to the press release, the unmanned aerial system market in Southeast Asia is projected to grow at a 14% compound annual growth rate over the next five years, based on data from a Grand View Research report. This growth spans multiple sectors including agriculture, security services, disaster response, construction, energy, and border security. The company’s stock has responded positively to recent developments, posting a 12.74% return over the past week. InvestingPro data reveals 15+ additional insights about AgEagle’s market position and growth potential.
AgEagle, headquartered in Wichita, Kansas, provides drone technology solutions including aircraft, sensors, and software for various industries such as agriculture, public safety, and civil engineering. The company maintains impressive gross profit margins of 49.2% and a healthy current ratio of 1.96, though InvestingPro analysis indicates the company needs to address cash burn concerns to maintain its growth trajectory.
In other recent news, AgEagle Aerial Systems Inc. announced that its eBee VISION drone has received Blue UAS certification, allowing for procurement by the U.S. Department of Defense and other federal agencies. This follows the recent certification of AgEagle’s eBee TAC drone, which similarly meets the security and performance standards required by the DoD. The eBee TAC drone previously held Green UAS certification, which served as a pathway to achieving Blue UAS Cleared status. Additionally, AgEagle received approval from NYSE American for its compliance plan to meet minimum stockholders’ equity requirements by October 23, 2026. The company was initially notified of its non-compliance in April, but the plan submitted in May has now been accepted. In related industry developments, drone stocks, including AgEagle, surged after the Pentagon announced an acceleration in drone production and deployment across the U.S. military. AgEagle led this rally with a notable increase in stock performance.
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