Ageagle Aerial Systems chairman optimistic about company’s future potential

AgEagle Aerial Systems announced a letter to shareholders from Chairman Grant Begley, which read in part, “I want to begin by thanking you, our shareholders, for your ongoing support as we continue to expand our market footprint and focus on building sustainable long-term shareholder value. As AgEagle’s Chairman of the Board of Directors since October 2023 and Interim CEO since January 1, 2024, I have been privileged to engage with AgEagle’s superb professionals, resulting in my objective assessment of AgEagle’s excellent future potential that I share with you now. Sharing AgEagle’s past is foundational to understanding AgEagle’s value of today and future potential. I first met AgEagle’s founder in 2010 at the world’s largest drone conference, AUVSI’s North America. Since then, AgEagle has evolved from a Privately Held company offering simple fix-winged drones constructed in the founder’s barn in Kansas for sale to his fellow farmers. Those heritage drones provided agricultural support, ultimately proving to be foundational to the company name AgEagle. Today, AgEagle is proud to offer best-in-class products; eBee X, eBee TAC, and newly available eBee VISION. AgEagle’s eBee family of drones are a globally recognized brand, now used for missions that include Agriculture, Construction, Defense, Environmental Monitoring, Conservation, Forestry, Mining, Quarries, Public Safety, Research and Education, Surveying, Mapping, Geographic Information Systems, Utilities Engineering, Security, and Military Operations…AgEagle’s market is expanding with the recent introduction of eBee VISION. The eBee VISION is designed to provide defense and security capabilities to quickly detect, track, and geo-locate objects in collaboration with special forces. The initial five production eBee VISIONS were delivered to 5 different potential key customers last quarter, resulting in superb reviews and ongoing follow-up. ..Within the past 2-months, AgEagle has nearly doubled its sensor production capacity with no additional personnel or equipment required. Again, I am pleased to provide you with this shareholder update and I thank you for your AgEagle investment. Your AgEagle Team is extremely and objectively optimistic about AgEagle’s future potential.”