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AVENTURA, Fla. - Safe Pro Group Inc. (NASDAQ:SPAI), a $46 million market cap technology company whose stock has surged nearly 14% in the past week, is deploying its AI-powered drone technology to detect landmines and unexploded ordnance in Ukraine, where these devices have triggered wildfires across more than 5 million acres of forest and grassland. According to InvestingPro data, the company has demonstrated remarkable revenue growth of 140% over the last twelve months.
The company’s system uses artificial intelligence and drone-based remote sensing to identify over 150 types of landmines and unexploded ordnance in less than a second per image, according to a press release statement from the company. InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt and a current ratio of 1.7, indicating strong operational stability.
To date, the technology has surveyed more than 16,336 acres and detected over 27,450 pieces of unexploded ordnance in Ukraine. The system processes high-resolution drone imagery through either on-site analysis or cloud-based services via Amazon Web Services.
A recent report by the United Nations Economic Commission for Europe noted that Ukraine has experienced approximately €447.73 million in losses to timber production due to the conflict, with damage to protected natural areas estimated at over €2.3 billion.
"Land mines continue to take lives, start fires, and deny civilians their land," said Dan Erdberg, Chairman and CEO of Safe Pro Group.
The company’s work was featured in an investigative piece by Grist Magazine titled "How 3 Years of War Have Ravaged Ukraine’s Forests, and the People Who Depend on Them," which highlighted environmental recovery efforts in the country.
Safe Pro’s technology aims to support humanitarian organizations and government partners in mapping and facilitating safer removal of unexploded ordnance, particularly in areas where these devices have triggered wildfires that threaten both people and ecosystems. While the company’s humanitarian efforts expand, investors should note that InvestingPro has identified several additional key metrics and insights about SPAI’s financial performance, available to subscribers along with detailed analysis and Fair Value estimates.
In other recent news, Safe Pro Group Inc. has announced several significant developments. The company reported a new order from a US Government Contractor for its Explosive Ordnance Disposal protective gear, intended for use in Asia-Pacific landmine and unexploded ordnance (UXO) remediation programs. Additionally, Safe Pro Group completed its first data delivery under a contract with the US Government, marking a new revenue stream with its AI platform, SpotlightAI™, which has been operational in Ukraine. The company has also expanded its global patent filings for its AI threat detection technology across nearly 50 jurisdictions, enhancing its intellectual property reach.
Safe Pro Group has entered into a multi-year agreement with a major Florida electric utility through its subsidiary, Airborne Response, to provide enhanced drone-based critical infrastructure assessment services. Further showcasing its technology, Safe Pro will present a white paper at the SAGEEP 2025 conference, focusing on its AI technology for detecting landmines and UXO using drones. The company’s SpotlightAI™ platform has mapped over 23,000 explosive threats and surveyed more than 5,300 hectares in Ukraine. These strategic moves highlight Safe Pro Group’s commitment to leveraging AI for safety and operational efficiency in various sectors.
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