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AVENTURA, Fla. - Safe Pro Group Inc. (NASDAQ:SPAI), a $60.7 million market cap technology company showing impressive revenue growth of 140% over the last twelve months, announced Monday it has successfully integrated its AI-powered explosive threat detection technology with drone platforms selected for the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record.
The company’s proprietary computer vision technology is designed to enhance military drones with AI models capable of identifying explosive threats and other hazards in complex environments in real-time. InvestingPro data shows the company maintains a healthy financial position with more cash than debt on its balance sheet and a current ratio of 1.7, indicating strong short-term liquidity.
According to a company press release, Safe Pro’s technology can detect and identify over 150 types of landmines and unexploded ordnance in "a fraction of a second per image." The system has been tested in Ukraine over the past 2.5 years, where the company reports it has analyzed over 1.66 million drone images and identified 28,000 threats across 6,705 hectares.
"Building upon our deployments in Ukraine we are hyper-focused on supporting the U.S. Army with cutting-edge, real-time threat detection capabilities," said Dan Erdberg, chairman and CEO of Safe Pro Group.
The company is also working to integrate its technology with the U.S. Army’s ATAK (Android Tactical Assault Kit) platform, which could allow threat detections to be shared across connected devices used by U.S. Armed Forces.
Safe Pro’s announcement comes as the company seeks to capitalize on increased government spending on drones and artificial intelligence following recent legislation that reportedly allocates up to $30 billion for defense modernization.
The company offers both edge-based real-time analysis (SpotlightAI OnSite) and cloud-based solutions leveraging Amazon Web Services for larger-scale operations.
In other recent news, Safe Pro Group Inc. has been actively pursuing new opportunities following the enactment of the One Big Beautiful Bill Act, which allocates approximately $33 billion for drone and AI technologies in defense modernization. The company’s AI-powered drone imagery platform, capable of detecting over 150 types of landmines and unexploded ordnance, is seen as a potential asset in this defense funding initiative. Simultaneously, Safe Pro Group has completed its national phase patent applications in nearly 50 jurisdictions, aiming to protect its AI and drone-based threat detection technology. The company has also announced an order from a U.S. Government Contractor for its Explosive Ordnance Disposal protective gear, to be used in Asia-Pacific remediation programs. Litchfield Hills Research has initiated coverage of Safe Pro Group with a Buy rating, citing the company’s innovative AI solution for small object detection as a key factor. The firm set a price target of $8.00, highlighting the potential for Safe Pro’s technology in global defense and humanitarian applications. Safe Pro’s ongoing work in Ukraine, where its AI system has detected thousands of unexploded ordnance, underscores its commitment to addressing landmine threats. The company continues to expand its intellectual property reach, with patents covering 47 jurisdictions, ensuring robust protection for its technology.
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