Safe Pro AI gears up for Asia-Pacific UXO remediation efforts

AVENTURA, Fla. - Safe Pro Group Inc. (NASDAQ:SPAI), a provider of AI-driven security solutions with a market capitalization of $44.45 million, has announced an order from a US Government Contractor for its Explosive Ordnance Disposal (EOD) protective gear, to be used in Asia-Pacific landmine and UXO remediation programs. According to InvestingPro data, the company has demonstrated impressive revenue growth of 136% in the last twelve months, though it remains in investment phase with negative EBITDA. The contractor will also evaluate Safe Pro’s SpotlightAI™, an AI-powered drone imagery analysis platform, in the region, marking an expansion of the technology’s application beyond its current use in Ukraine.

The International Campaign to Ban Landmines’ Landmine Monitor 2024 Annual Report highlights the presence of landmines and UXO in countries such as Bangladesh, Cambodia, Indonesia, Laos, the Philippines, Thailand, and Myanmar, with over 1,000 casualties reported in Myanmar in 2023 alone.

Dan Erdberg, Chairman and CEO of Safe Pro Group, expressed the company’s commitment to supporting international demining efforts and its anticipation for the field evaluation of SpotlightAI™.

Safe-Pro USA, part of Safe Pro Group, specializes in manufacturing bullet and blast-resistant equipment for military, law enforcement, and humanitarian sectors. The company’s products, including EOD Systems and body armor, are available under a Multiple Award Schedule contract by the U.S. General Services Administration. InvestingPro analysis reveals the company maintains a strong financial position with more cash than debt and a healthy current ratio of 3.08, indicating robust short-term liquidity.

The company’s SpotlightAI™ platform utilizes Safe Pro Object Threat Detection (SPOTD) technology to identify over 150 types of landmines and UXO rapidly. The technology, powered by a dataset of over 1.5 million drone images, has been used to identify 26,000+ threats across 6,000+ hectares in Ukraine.

Safe Pro Group’s solutions are designed to enhance safety and operational efficiency in various markets, leveraging a scalable cloud-based ecosystem hosted on Amazon Web Services (AWS).

This press release contains forward-looking statements subject to risks and uncertainties and reflects expectations as of the date of its release. Safe Pro Group’s future results may differ materially from those expressed in these forward-looking statements. The company does not undertake an obligation to update these statements in light of new information or future events. For deeper insights into SPAI’s financial health and growth prospects, InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis tools.

The information in this article is based on a press release statement from Safe Pro Group Inc.

In other recent news, Safe Pro Group Inc. has completed its national phase patent applications in nearly 50 jurisdictions, extending its intellectual property reach significantly. These filings aim to protect the company’s AI technology for detecting small lethal threats, such as landmines, through drone imagery. Safe Pro Group has also announced the completion of its first data delivery under a contract with the US Government, marking a new revenue stream for the company. This data delivery includes a comprehensive dataset for landmine and unexploded ordnance detection, leveraging its SpotlightAI™ platform.

Furthermore, Safe Pro Group has expanded its drone service offerings through its subsidiary, Airborne Response, as part of a multi-year agreement with a major Florida electric utility. This expansion includes advanced Condition Assessment services for critical infrastructure. The company is also set to present its AI technology at the SAGEEP 2025 conference, showcasing its capabilities in detecting landmines and unexploded ordnance using drones.

These developments highlight Safe Pro Group’s ongoing efforts to enhance its technological offerings and expand its market reach. Additionally, the company’s technology has been notably employed in Ukraine, aiding in land remediation efforts, and is supported by Amazon Web Services. Safe Pro Group’s strategic growth initiatives include expanding its dataset licensing and Software-as-a-Service offerings within the defense and security sectors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.