TSX runs higher on rate cut expectations
BOGOTA - Mining company Drummond Ltd. has received multiple certifications from Colombia’s Civil Aeronautics Authority (CAA) for advanced drone operations using AgEagle Aerial Systems Inc.’s (NYSE:UAVS) eBee X drone, according to a press release statement. AgEagle, with a market capitalization of $64 million, maintains impressive gross profit margins of 52% and strong liquidity metrics, according to InvestingPro data.
The new authorizations cover beyond visual line of sight (BVLOS) flights, night operations, and multi-drone capabilities, expanding Drummond’s operational scope in its Colombian mining activities.
Drummond, which became the first mining company certified to operate drones in Colombia in 2019, uses the eBee X for surveying, mapping, and monitoring its mining sites in Cesar and Magdalena regions.
"Their commitment to expanding what is possible with unmanned systems using the eBee X drone represent a significant step forward in the control, safety, and oversight of Colombian airspace," said Bill Irby, CEO of AgEagle.
The eBee X drone can reportedly cover extensive areas in a single mission, reducing site survey times from weeks to days across Drummond’s mining operations.
The BVLOS certification allows for remote inspections of hazardous areas, while the multi-drone authorization enables simultaneous monitoring of multiple sites. These capabilities support Drummond’s safety protocols and environmental compliance efforts.
AgEagle, founded in 2010, provides unmanned aerial systems, sensors, and software solutions to customers in energy, construction, agriculture, and government sectors.
In other recent news, AgEagle Aerial Systems Inc. has announced the launch of its new RedEdge-P Green multispectral camera, which is designed for precision agriculture applications. This development is aimed at providing farmers with high-resolution imaging to facilitate data-driven decisions throughout the growing cycle. Additionally, AgEagle has expanded its presence in Southeast Asia with the first sale of its eBee VISION drone in Thailand, marking its entry into this market. The eBee VISION drone is intended for use in airborne surveillance, offering live video and tracking capabilities for emergency and security services.
Furthermore, AgEagle’s eBee VISION drone has received Blue UAS certification, making it eligible for procurement by the U.S. Department of Defense and other federal agencies. This certification confirms the drone meets the security and performance standards required by the DoD. The eBee TAC drone, another product from AgEagle, also recently earned the Blue UAS certification, enhancing its suitability for military use. In related regulatory news, the U.S. Transportation Department has proposed new rules to expand commercial drone operations beyond the operators’ visual line of sight. This regulatory change could significantly broaden the use of drone technologies across various industries, including agriculture and manufacturing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.