(UPDATED) AgEagle Aerial Systems Provides Positive Update on Sensor Sales

From July to mid-August, orders for sensors and sensor-related purchases total approximately $800,000

WICHITA, Kansas, August 22, 2024 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), a leading supplier of full stack flight hardware, sensors and software for commercial and government use, announces that the Company has received numerous purchase orders totaling approximately $800,000 worth of sensors and sensor-related accessories through its network of Value Added Resellers (“VAR”) from July 1, 2024 through August 15, 2024, of which approximately $600,000 has been shipped to date. The Company received purchase orders for 87 sensors, including RedEdge-P, Altum-PT and RedEdge-P double sensors and various accessories, of which 67 have been shipped so far.

Bill Irby, AgEagle President, stated, “We are grateful for the growth we have achieved through our trusted VAR network as the company achieved another notable sales milestone. Our best-in-class multispectral, panchromatic and thermal sensors are now integrated into more than 150 different drones worldwide and distributed in more than 70 countries. As our sensor products continue to meet the diverse needs of our commercial and government customers, we look forward to driving growth across our entire product line to best position the company for long-term shareholder value.”