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Investing.com -- AgEagle Aerial Systems Inc. (NYSE:UAVS) stock rose 2% after the drone technology company announced the sale of two additional eBee X drones to South Korea, bringing the country’s installed base of AgEagle’s eBee drones to over 100 units.
The company’s flagship fixed-wing mapping drone, the eBee X, is designed for high-precision geospatial data collection and applications including surveying, mapping, and photogrammetry. This milestone strengthens AgEagle’s partnership with South Korea and its position in the Asia-Pacific drone market.
"Achieving our 100th eBee drone sale in South Korea represents a key growth milestone. It reflects the growing global demand for our advanced aerial solutions and validates the strength of our platform across a range of industries and geographies," said AgEagle CEO Bill Irby.
The company noted that according to Grandview Research, the Asia-Pacific consumer drone market is projected to grow at a 15% CAGR through 2030, reaching $4.1 billion in projected value. AgEagle’s expanding presence in South Korea positions the company to meet accelerating regional demand for drone solutions.
The eBee X supports various applications including precision agriculture, environmental monitoring, urban planning, disaster response, and emerging defense and security applications. The drone features a 90-minute flight time and can cover nearly 2,500 acres at 400 feet altitude.
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