EagleNXT names UAVSICS as official drone distributor in Chile

SANTIAGO - EagleNXT (NYSE:UAVS), a $68.4 million market cap drone technology company, has appointed UAVSICS as its official drone distributor in Chile, the company announced Wednesday in a move to strengthen its presence in Latin America’s growing unmanned aerial vehicle market. According to InvestingPro data, the company maintains impressive gross profit margins of 52%.

Santiago-based UAVSICS brings over a decade of experience in delivering UAV solutions across sectors including mining, agriculture, defense, and public safety in the Latin American region. The distributor will provide certified technical support and assistance services for EagleNXT’s eBee drone users in Chile.

"Increasing our presence in the Chilean market is a strategic step for EagleNXT," said Bill Irby, CEO of EagleNXT, in a press release statement. "As a key sector in Chile, mining benefits from our drone solutions, which are designed to improve operational outcomes and reinforce safety practices across sites."

The partnership follows EagleNXT’s recent renewal of agreements with its reseller network throughout Latin America. While the company’s stock has shown high volatility with a beta of 2.93 and a YTD return of -42%, the drone market in Chile is expected to grow in line with regional projections, potentially expanding from approximately $40-70 billion in 2025 to up to $260 billion by 2030.

EagleNXT, formerly known as AgEagle Aerial Systems Inc., develops drones, sensors, and software solutions for various applications including defense, public safety, agriculture, and environmental monitoring. With annual revenue of $13.95 million, the company reports that its platforms have completed more than one million flights globally and have achieved industry milestones including FAA approvals for Operations Over People and Beyond Visual Line of Sight operations.

In other recent news, EagleNXT has received an order for 12 eBee TAC tactical mapping drones from Tough Stump Technologies. These drones will be integrated into Tough Stump’s ARTEMIS kits, which are used for aerial reconnaissance and intelligence gathering. Additionally, EagleNXT announced the renewal of reseller agreements with its top partners across the Asia Pacific region, enhancing its distribution network in countries such as India, China, South Korea, and Australia. The company also reported sales of its RedEdge-P Green units to major distributors and two eBee TAC drone units to a customer in Thailand.

Furthermore, EagleNXT has renewed distributor agreements with key partners in Latin America, including Geo Agri and Santiago & Cintra in Brazil, GESTECNER in Paraguay, and INNTAGRI and SYSMAP in Peru and Ecuador. The company has also begun international shipments of its new RedEdge-P Green camera to customers in South Korea, Taiwan, and India. In another development, EagleNXT has successfully integrated its MicaSense RedEdge-P multispectral camera with Ascent AeroSystems’ SPIRIT and SPARTAN coaxial drone platforms. These recent developments highlight EagleNXT’s ongoing efforts to expand its global presence and product offerings.

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