SafePro Issues MOUs, Stocks Pop
Safe Pro Group Inc. (NASDAQ: SPAI) shares barreled ahead to begin the week. The leader in artificial intelligence (AI)-powered defense and security solutions, today announced that it has entered into Memoranda of Understanding (MOUs) with Ondas Holdings Inc. (NASDAQ: ONDS) (Ondas) and Unusual Machines Inc. (NYSE: UMAC) (Unusual Machines), leaders in the U.S. drone industry.
Under the MOUs, the Companies will seek to collaborate on the development and integration of Company’s patented AI-powered drone imagery analysis and computer vision technologies into their respective hardware and software offerings. This includes the Company’s patented Safe Pro Object Threat Detection (SPOTD) technology which is designed to rapidly detect over 150 different kinds of small, hard-to-spot threats including landmines, anti-personnel mines, cluster munitions and unexploded ordnance.
Collectively, these new offering could provide enhanced support for end-user customers across the U.S. Government and military, as well as in public safety, commercial and global humanitarian markets. These agreements follow Ondas’ and Unusual Machines’ strategic investments into Safe Pro Group completed last week.
“Powering the Company’s SPOTD technology,” read this morning’s news release, “Safe Pro’s unique real-world datasets include high-resolution drone imagery and GPS-tagged geospatial data encompassing over 1.78 million drone images analyzed to date, and 31,600+ threats identified across 7,819 hectares (19,321 acres) in Ukraine.”
SPAI shares took on 81 cents, or 14.2%, to $6.50.
