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AgEagle sells 50 RedEdge-P multispectral sensors to the Greek Ministry of Agriculture

March 21, 2024

AgEagle Aerial Systems Inc. (NYSE American: UAVS) has announced that ALVO, the company’s exclusive VAR serving public and private companies and organizations in Greece, has been awarded a tender, including drones and sensor payloads, by the Hellenic Republic Ministry of Rural Development and Food in Greece (Greek Ministry of Agriculture) — this tender includes the purchase of 50 RedEdge-P™ multispectral cameras from AgEagle.

Headquartered in Athens, Greece, ALVO offers integrated vertical solutions based on emerging technologies, including software, equipment and services. By combining the right high-end tools to transform any complicated process into a simple, smart and efficient one, ALVO supports the needs of companies and organizations that invest in innovation, smart technologies and IoT, security and cyber security. The tender provides for the purchase, delivery and deployment of 50 multi-rotor UAVs equipped with 50 RedEdge-P sensors that will be used for optimum monitoring of agricultural activity such as soil analysis, irrigation, crop quality/maturity, vegetation indices and disaster estimations.

Introduced to market in late 2021, the RedEdge-P is AgEagle’s rugged, high quality multispectral sensor with a high-resolution, panchromatic band for pan-sharpened output resolutions of 2cm (at 60m). It is a single camera solution that captures calibrated high-resolution multispectral and RGB imagery, with an optimized field of view and capture rate for efficient drone flights. The universal popularity of the RedEdge-P is largely due to its ability to enable pixel-aligned outputs at previously unattainable resolutions while consistently maintaining optimal efficiency and reliability – benefits which have earned the RedEdge brand its trusted reputation over the past decade. The high performance RedEdge-P was designed specifically for agricultural applications that include plant counting, phenotyping, plant health mapping, fertilizer management, plant disease identification, species differentiation and weed detection, among other proven uses.

Dimitris Messinezis, Founder and CEO of ALVO, said, “Delivering an agritech project of this scale intact requires a significant coordinated effort. We are confident AgEagle will support us through every stage with the delivery and deployment of the RedEdge-P multispectral sensors to ensure our end users receive a seamless experience.”

Bill Irby, AgEagle’s President, said, “Over the past year, AgEagle has focused on leveraging our partner/reseller network through enhanced training and marketing support initiatives to optimize the reach, industry expertise and influence that our resellers yield in the geographic regions and market segments they serve. As a result, we are seeing a groundswell of sizable new commercial and government tenders being pursued and won which we expect will have measurable impact on our quarter-over-quarter revenue growth for the foreseeable future.”

About AgEagle Aerial Systems Inc.
AgEagle is actively engaged in designing and delivering best-in-class flight hardware, sensors and software that solve important problems for its customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack drone solutions for customers worldwide in the energy, construction, agriculture, and government verticals.

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