Safe Pro Enters into Multi-Year MOU with a U.S. Government Prime Contractor Focused on U.S., European and NATO Contracts
November 21 2024 - 8:04AM
Business Wire
Safe Pro Secures Purchase Order for
Real-World Landmine and Unexploded Ordnance Imagery in Support of
U.S. Government Subcontractor
Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the
“Company”), a leading provider of artificial intelligence (AI)
solutions specializing in drone imagery processing, today announced
that it has entered into a memorandum of understanding (“MOU”) with
a new U.S. prime contractor (“the Prime Contractor”) focused on the
development of novel threat detection solutions for domestic and
international Government stakeholders.
The Prime Contractor currently provides a full range of hardware
and software engineering services to defense, civilian, and
commercial customers worldwide and holds multiple Government-wide
Acquisition Contracts (GWACs), Multiple Award Contracts (MACs) and
stand-alone Indefinite Delivery, Indefinite Quantity (IDIQ)
contracts from government and defense agencies. Through the newly
signed MOU, Safe Pro will collaborate with the Prime Contractor to
pursue U.S., E.U. and NATO related contracts as well as
Government-funded Research and Development opportunities built on
its patented artificial intelligence (AI)-powered drone imagery
processing technology. The MOU also includes the potential to
jointly develop and market new products and technologies to
government end users.
“We are honored to collaborate with this Prime Contractor on the
further application of our AI-powered image analysis technology,
applying it to a number of critical global challenges. Building
upon the Prime Contractor’s decades of technical expertise and
well-established reputation in government contracting, we believe
today’s MOU will result in a mutually beneficial relationship as we
work on a shared commitment to support our Government and our
allied security forces around the world,” said Dan Erdberg,
Chairman and CEO of Safe Pro Group Inc.
Additionally, the Company reported that it has recently received
a purchase order (P.O.) for the sale of real-world landmine and
unexploded ordnance (UXO) imagery from a U.S. subcontractor that
will be fulfilled by its Safe Pro AI artificial intelligence
subsidiary. The term is for up to five months of tasking to provide
UXO imagery.
The Company’s patented AI-powered image analysis technology
called SpotlightAI™, is currently in operation in Ukraine with
multiple humanitarian mine action organizations including the
United Nations Development Programme (“UNDP”) and government
entities where it has now processed over 840,614 images, analyzed
over 11,768 GB of data and identified over 10,912 real-world
landmines and unexploded ordnance. Real-world landmine detection
statistics from Ukraine can be found at the Company’s Real-World
Landmine Detection Counter at
https://safeproai.com/landmine-detections/.
Compatible with commercially available off-the-shelf (“COTS”)
drones, Safe Pro’s SpotlightAI™ hyper scalable, cloud-based
software ecosystem utilizes advanced machine learning (“ML”) models
for small object detection and data reporting built on an extensive
proprietary dataset capable of rapidly identifying and locating
150+ types of land mines and UXO. Supported by the hyper
scalability of the Amazon Web Services (AWS) Cloud, SpotlightAI™
can process massive amounts of sub-centimeter-level drone imagery
to securely generate detailed, high-resolution orthomosaic maps
highlighting objects of interest. It can then plot the detection
results on customizable, GPS-tagged, sub-centimeter-level, high
resolution 2-D and 3-D maps to provide a “bird’s-eye view” of the
surveyed area, delivering enhanced situational awareness for
planning clearing and land release efforts by local governments and
humanitarian aid organizations.
AWS funded and published a case study on the effectiveness of
SpotlightAI™ and its use in Ukraine and a video introduction to
SpotlightAI™ and its application as a tool for global demining, can
be viewed here.
For more information about Safe Pro Group, its subsidiaries, and
technologies, please visit https://safeprogroup.com and connect
with us on LinkedIn, Facebook and X.
About Safe Pro Group Inc.
Safe Pro Group is a leading provider of artificial intelligence
(AI) solutions specializing in drone imagery processing leveraging
commercially available “off-the-shelf” drones with its proprietary
machine learning and computer vision technology to enable rapid
identification of explosives threats, providing a much safer and
more efficient alternative to traditional human-based analysis
methods. Built on a cloud-based ecosystem and powered by Amazon Web
Services (AWS), Safe Pro Group’s scalable platform is targeting
multiple markets that include commercial, government, law
enforcement and humanitarian sectors where its Safe Pro AI
software, Safe-Pro USA protective gear and Airborne Response
drone-based services can work in synergy to deliver safety and
operational efficiency. For more information on Safe Pro Group
Inc., please visit https://safeprogroup.com/.
Forward-Looking Statements
Some of the statements in this press release are forward-looking
statements, which involve risks and uncertainties. Forward-looking
statements relate to future events, future expectations, plans and
prospects. Although Safe Pro Group believes the expectations
reflected in such forward-looking statements are reasonable as of
the date made, expectations may prove to have been materially
different from the results expressed or implied by such
forward-looking statements. Safe Pro Group has attempted to
identify forward-looking statements by terminology including
''believes,'' ''estimates,'' ''anticipates,'' ''expects,''
''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,''
''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or
other words that convey uncertainty of future events or outcomes to
identify these forward-looking statements. These statements are
only predictions and involve known and unknown risks, uncertainties
and other factors, including market and other conditions. More
detailed information about the Company and the risk factors that
may affect the realization of forward-looking statements is set
forth in the Company’s filings with the Securities and Exchange
Commission (the “SEC”), copies of which may be obtained from the
SEC’s website at www.sec.gov. Any forward-looking statements
contained in this press release speak only as of its date. Safe Pro
Group undertakes no obligation to update any forward-looking
statements contained in this press release to reflect events or
circumstances occurring after its date or to reflect the occurrence
of unanticipated events, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121163985/en/
Media Relations for Safe Pro Group Inc.: media@safeprogroup.com
Investor Relations for Safe Pro Group Inc.:
investors@safeprogroup.com
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