AgEagle™ Aerial Systems Expands HempOverview™ Licensing Agreement with State of Florida
June 24 2021 - 8:30AM
AgEagle™ Aerial Systems Inc. (NYSE
American: UAVS) (“AgEagle” or the “Company”), an industry leading
drone solutions provider, today announced the Florida Department of
Agriculture and Consumer Services (FDACS) has expanded its
licensing of AgEagle’s HempOverview Software-as-a-Service (SaaS)
platform, providing access to the platform’s full suite of
technology-enabled capabilities.
In November 2019, FDACS originally licensed
HempOverview’s registration module to manage its online application
submission and registration process for hemp growers and their
farms and hemp fields for the 2020, 2021 and 2022 planting seasons.
The recent licensing expansion allows FDACS to leverage the full
breadth and power of HempOverview’s software platform which
includes four comprehensive modules: registration, real-time best
management practices, oversight and enforcement, and reporting.
Included among a broad range of advanced features and enhanced
functionality, FDACS will engage HempOverview for:
- Unique QR code generation on
licenses and Certificates of Analysis;
- Increased automated reporting
solutions;
- Customer Service Representative
available for customer response and help with online service;
- In-map note-taking and geo-located
document uploading capabilities; and
- Auto-generated hemp crop
destruction orders based on THC testing results.
Holly Bell, Director of Cannabis at FDACS,
stated: “Within the next few years, hemp farming in Florida is
expected to represent approximately half the size of the state’s
citrus industry – growth that is largely being driven by commercial
demand for hemp-derived cannabidiol (CBD). With well over 11,000
licensed acres of hemp cultivation registered to date in our state,
AgEagle’s HempOverview technology has proven to be instrumental in
allowing our department to electronically process registrations
with great ease and efficiency. Consequently, we are very excited
to be expanding our use of HempOverview to streamline and automate
all of the complexities associated with effectively scaling
end-to-end oversight and compliance of Florida’s burgeoning hemp
industry.”
FDACS has also tasked AgEagle with developing a
custom registration software platform to enhance communications,
licensing and general compliance relating to the oversight and
protection of more than 500 endangered and commercially exploited
wild plants native to Florida. For instance, in an effort to curb
exploitation of saw palmetto, a plant whose extract is used in
herbal supplements often marketed for its urinary tract and
prostate health benefits, FDACS requires harvesters and sellers of
saw palmetto berries to obtain a Native Plant Harvesting
Permit. According to a related FDACS notice, “Widespread
gathering of these berries is depleting a wildlife food source and
threatening the stability of some ecosystems.”
Steve Turetsky, Director of Agriculture
Solutions at AgEagle, noted: “We take great pride in the
technological innovations that AgEagle continues to pioneer in
support of state and territorial departments of agriculture. The
expansion of our relationship with the State of Florida is a
testament to the positive impact of our proprietary software
solutions and the numerous productivity and economic benefits we
are proving we can deliver.”
About AgEagle Aerial Systems
Inc.Founded in 2010, AgEagle is one of the nation’s
leading commercial drone technology providers. AgEagle’s mission is
to empower The Drone Age™ by providing American-made, scalable
drone solutions to the world. The Company is leveraging its
reputation as one of the industry’s premium technology solutions
and aerial data intelligence providers to deliver high performance,
end-to-end drone solutions to commercial markets. AgEagle products
are proudly manufactured and assembled in the United States. For
additional information, please visit our websites at
www.ageagle.com,
www.measure.com and
www.micasense.com.
Forward-Looking StatementsThis
press release may contain “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such statements involve
risks and uncertainties that could negatively affect our business,
operating results, financial condition and stock price. Factors
that could cause actual results to differ materially from
management’s current expectations include those risks and
uncertainties relating to our competitive position, the industry
environment, potential growth opportunities, and the effects of
regulation and events outside of our control, such as natural
disasters, wars or health epidemics. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
AgEagle Aerial Systems
Contacts:
Investor Relations: |
Media: |
Gateway Investor Relations |
Clarity PR |
Matt Glover or Cody Cree |
Monica Feig |
Phone: 949-574-3860 |
Phone: 818-917-0770 |
Email: UAVS@gatewayIR.com |
Email: ageagle@clarity.pr |
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