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AVENTURA, Fla. - Safe Pro Group Inc. (NASDAQ:SPAI), a $37.32 million market cap provider of artificial intelligence (AI)-powered defense and security solutions, has announced the completion of its national phase patent applications in nearly 50 jurisdictions. The company’s stock has shown significant momentum recently, gaining over 10% in the past week, according to InvestingPro data. These filings claim priority to the International Patent Application No. PCT/US2023/029909, which was published on March 21, 2024, and seek to protect the company’s technology for identifying and mapping small lethal threats like landmines using AI and drone imagery.
The company’s existing U.S. Patent No. 12,146,729, valid until 2043, encompasses 21 claims for detecting and identifying explosives in orthomosaic images through AI processing. The recent international filings under the Patent Cooperation Treaty (PCT) extend Safe Pro Group’s intellectual property reach across Europe, including Bosnia and Herzegovina, Canada, Australia, New Zealand, Japan, Israel, and Ukraine, covering 47 jurisdictions in total. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 3.08, indicating solid short-term financial stability.
Dan Erdberg, Chairman and CEO of Safe Pro Group, emphasized the alignment of the company’s IP strategy with the increasing reliance on AI and drone technology in modern battlefields and the prevalence of small explosive threats. The patented Safe Pro Object Threat Detection (SPOTD) technology can detect over 150 types of threats, including landmines and unexploded ordnance, which is particularly relevant as some NATO nations reconsider their stance on the 1997 Landmine Convention.
SPOTD’s software architecture is designed to integrate with military systems, providing soldiers with real-time threat alerts on various devices and networks. This capability is expected to be crucial for navigating hazardous environments with precision.
The information presented is based on a press release statement from Safe Pro Group Inc. The company specializes in AI solutions for processing drone imagery and offers a cloud-based platform powered by Amazon Web Services (AWS). Its technology targets commercial, government, law enforcement, and humanitarian sectors, aiming to enhance safety and operational efficiency. InvestingPro data reveals impressive revenue growth of 136% in the last twelve months, though the company remains in investment phase with negative earnings. InvestingPro subscribers have access to 8 additional key insights about SPAI’s financial health and market position.
In other recent news, Safe Pro Group Inc. has been actively expanding its operations and technology offerings. The company has completed its first data delivery under a contract with the US Government, marking a new revenue stream through its AI platform, SpotlightAI™, which is used for landmine and unexploded ordnance detection. This substantial dataset, collected over two years of operations in Ukraine, includes over 1.29 million drone images and the identification of more than 23,000 threats. Additionally, Safe Pro Group has expanded its drone services through its subsidiary, Airborne Response, in a multi-year agreement with one of Florida’s largest electric utilities. This expansion includes enhanced drone-based critical infrastructure assessment services, reflecting growing confidence in the company’s expertise. Furthermore, Safe Pro Group has been selected to present at the SAGEEP 2025 conference, where it will showcase its AI technology for detecting landmines using drones. The company’s technology, supported by Amazon Web Services, is designed to improve safety in high-threat environments and has been adopted by Ukraine’s government and global humanitarian organizations.
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