EX-99.1
2
ex99_1.htm
EXHIBIT 99.1
Exhibit
99.1
AgEagle Completes
Acquisition of Agribotix
Agribotix's
Advanced Imaging and Data Technology to Enhance AgEagle's Service Offering and Expand its Addressable Market
Neodesha, KS - August 30, 2018 -
AgEagle Aerial
Systems Inc. (NYSE American: UAVS), a provider of drone imagery data analytics for the precision and sustainable agriculture markets,
has completed its acquisition of substantially all the assets of Agribotix, LLC, effective August 28, 2018.
Agribotix is a drone-enabled software company that provides advanced
imaging and data analysis for sustainable and precision agriculture. To enhance AgEagle's recently announced sustainability
initiatives, the company plans to integrate Agribotix's FarmLens data analytics platform within AgEagle's service offerings,
providing the agricultural supply chain with advanced analytic capabilities to identify areas where they can build soil health
and reduce water or chemical usage.
"Agribotix has established one of the premier imaging and
data analytics platforms for sustainable and precision ag", said Barrett Mooney, chief executive officer of AgEagle. "Their
FarmLens platform includes unique technology that I believe will significantly enhance our current service offering and analytic
capabilities, while expanding our addressable market to include major food manufacturers and farmers that seek products and services
that can seamlessly integrate within their current farm management system".
Through the FarmLens platform, Agribotix has processed more than
1.3 million acres of crops to create nearly 11,000 reports, while analyzing data from over 50 countries and examining 53 different
crop types. The FarmLens platform can also directly integrate with several farm management systems, enabling users to maintain
their current technology environment while enhancing the measurement of precision and sustainability metrics.
Mooney continued: "This acquisition is
particularly timely as we focus our efforts on our recently announced sustainability initiatives. The agriculture industry
continues to shift to sustainable farming practices that focus on reducing water and chemical usage, and we believe our new
expanded service offering is very well positioned to capitalize on these secular trends. Ultimately, we believe the FarmLens
platform will provide our customers with the necessary insight and support to reach their sustainability goals before, during
and after the cyclical growing season
through transparent sustainability metrics and
significantly enhanced crop performance".
For more information about Agribotix, please visit
www.agribotix.com
.
About AgEagle Aerial Systems Inc.
Founded in 2012, AgEagle is a provider of drone imagery data analytics
for the precision and sustainable agriculture markets. The company designs, produces, distributes and supports technologically-advanced
small unmanned aerial vehicles (UAVs or drones) that collect valuable information for farmers by flying over large fields of corn,
soybeans, wheat and other types of crops. These UAVs collect thousands of ultra-high-resolution images using sophisticated near-infrared
sensors, or cameras, which are ultimately utilized to enhance yield and identify sustainability opportunities for farmers and agribusinesses
alike.
The company is based in Neodesha, Kansas. For more information,
please visit
www.ageagle.com
.
Contacts:
Analysts and Institutional Investors
Liolios Investor Relations
Cody Slach
Sean Mansouri, CFA
P: 949-574-3860
Individual and Retail Investors
Integra Consulting Group
Jeremy Roe
P: 925-262-8305

EX - 99 . 1 2 ex99 _ 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Ag Eagle Completes Acquisition of Agribotix Agribotix 's Advanced Imaging and Data Technology to Enhance AgEagle 's Service Offering and Expand its Addressable Market Neodesha , KS - August 30 , 2018 - Ag Eagle Aerial Systems Inc . ( NYSE American : UAVS ) , a provider of drone imagery data analytics for the precision and sustainable agriculture markets , has completed its acquisition of substantially all the assets of Agribotix , LLC , effective August 28 , 2018 . Agribotix is a drone - enabled software company that provides advanced imaging and data analysis for sustainable and precision agriculture . To enhance AgEagle 's recently announced sustainability initiatives , the company plans to integrate Agribotix 's FarmLens data analytics platform within AgEagle 's service offerings , providing the agricultural supply chain with advanced analytic capabilities to identify areas where they can build soil health and reduce water or chemical usage . " Agribotix has established one of the premier imaging and data analytics platforms for sustainable and precision ag " , said Barrett Mooney , chief executive officer of AgEagle . " Their FarmLens platform includes unique technology that I believe will significantly enhance our current service offering and analytic capabilities , while expanding our addressable market to include major food manufacturers and farmers that seek products and services that can seamlessly integrate within their current farm management system " . Through the FarmLens platform , Agribotix has processed more than 1.3 million acres of crops to create nearly 11,000 reports , while analyzing data from over 50 countries and examining 53 different crop types . The FarmLens platform can also directly integrate with several farm management systems , enabling users to maintain their current technology environment while enhancing the measurement of precision and sustainability metrics . Mooney continued : " This acquisition is particularly timely as we focus our efforts on our recently announced sustainability initiatives . The agriculture industry continues to shift to sustainable farming practices that focus on reducing water and chemical usage , and we believe our new expanded service offering is very well positioned to capitalize on these secular trends . Ultimately , we believe the FarmLens platform will provide our customers with the necessary insight and support to reach their sustainability goals before , during and after the cyclical growing season through transparent sustainability metrics and significantly enhanced crop performance " . For more information about Agribotix , please visit www.agribotix.com . About AgEagle Aerial Systems Inc . Founded in 2012 , AgEagle is a provider of drone imagery data analytics for the precision and sustainable agriculture markets . The company designs , produces , distributes and supports technologically - advanced small unmanned aerial vehicles ( UAVs or drones ) that collect valuable information for farmers by flying over large fields of corn , soybeans , wheat and other types of crops . These UAVs collect thousands of ultra - high - resolution images using sophisticated near - infrared sensors , or cameras , which are ultimately utilized to enhance yield and identify sustainability opportunities for farmers and agribusinesses alike . The company is based in Neodesha , Kansas . For more information , please visit www.ageagle.com . Contacts : Analysts and Institutional Investors Liolios Investor Relations Cody Slach Sean Mansouri , CFA P : 949 - 574 - 3860 Individual and Retail Investors Integra Consulting Group Jeremy Roe P : 925 - 262 - 8305