AgEagle Aerial Systems Reaffirms Compliance Standing with NYSE

AgEagle Aerial Systems Achieves NYSE Compliance

AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of unmanned aerial systems (UAS) and software solutions, is thrilled to announce its recent success in regaining compliance with the NYSE American listing standards. This milestone follows a notification from the NYSE American on November 6, affirming the company now meets the essential listing requirements regarding board independence and audit committee composition.

Board Independence Strengthened

This achievement signifies that AgEagle has made substantial progress in its governance structure, ensuring that at least 50% of its board members are independent and that there are two independent members on its audit committee. Such adjustments are vital for maintaining shareholder trust and demonstrating the company's commitment to transparent and ethical governance.

Innovative Solutions in Drone Technology

Founded in 2010, AgEagle has emerged as a trailblazer in the development of fixed-wing drones and aerial data collection solutions. Initially focused on the agriculture sector, the company has expanded its services across multiple industries, including energy, construction, and government. By investing in research and development, AgEagle consistently delivers state-of-the-art flight hardware, sensors, and software tailored to meet customers' diverse needs.

AgEagle's Expansion Across Industries

AgEagle's adaptability has allowed it to carve out a significant niche within the drone technology landscape. Apart from agriculture, where drones assist in crop monitoring and data analysis, the company’s technology finds applications in the energy sector, enhancing projects such as site inspections and logistics. The construction industry also benefits from AgEagle's innovative solutions, which improve safety and efficiency on job sites.

Customer-Centric Approach

At its core, AgEagle is dedicated to addressing the challenges that customers face through cutting-edge technology. Their commitment to innovation and user-focused solutions ensures that the services they provide are not only effective but also enhance operational capabilities.

Promoting Secured Operations

The integration of UAS technology contributes significantly to safety measures. Aerial systems can perform tasks like monitoring vast land areas and surveying hard-to-reach locations, minimizing risks associated with manual inspections. Because of this emphasis on safety and efficiency, more organizations are adopting AgEagle's UAS and related software solutions.

Engaging with Stakeholders

As AgEagle continues to grow and innovate, maintaining open lines of communication with its stakeholders remains a priority. The company recognizes the importance of investor insights and media relations, establishing dedicated channels for inquiries.

Contacting AgEagle Aerial Systems

For investor-related questions, you may reach out via email at UAVS@ageagle.com. Additionally, media inquiries can be directed to media@ageagle.com. These contacts facilitate an ongoing dialogue about the company’s advancements and strategic direction.

Frequently Asked Questions

What is the primary focus of AgEagle Aerial Systems?

AgEagle Aerial Systems focuses on providing innovative unmanned aerial systems (UAS), sensors, and software solutions across various industries, including agriculture, energy, and construction.

Why is board independence important for AgEagle?

Board independence is crucial for ensuring sound governance, maintaining shareholder trust, and meeting compliance with NYSE listing standards.

How has AgEagle expanded its services over the years?

AgEagle started with a focus on agriculture but has since expanded its services to include sectors like energy, construction, and government, adapting its technology to meet diverse industry needs.

What advantages do UAS provide in operational safety?

UAS technology enhances safety by allowing for remote inspections and monitoring, reducing risks associated with manual tasks and improving operational efficiencies.

How can stakeholders get in touch with AgEagle?

Stakeholders can contact AgEagle Aerial Systems for investor inquiries at UAVS@ageagle.com and media inquiries at media@ageagle.com.

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