UAVS - Earnings call 1 2021 | AgEagle Aerial Systems, Inc.

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Operator

Good day, everyone, and thank you for participating in today's conference call.

Joining us today from AgEagle is Chief Executive Officer, Michael Drozd; Chief Financial Officer, Nicole Fernandez-McGovern and Chief Operating Officer, Brandon Torres Declet.

Following the management team's prepared remarks, they will respond to questions that were previously submitted via e-mail by analysts and investors.

Before I introduce Michael, I remind you that during today's call, including the question-and-answer session, statements that are not historical facts, including any projections, statements regarding future events or future financial performance or statements of intent or belief are forward-looking statements and are covered by the safe harbor disclaimers contained in the company's public filings with the SEC. Actual outcomes and results may differ materially from what is expressed in or implied by these forward-looking statements.

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J. Drozd

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Nicole Fernandez-McGovern

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Brandon Declet

afternoon. [ in seen large-scale the team industry and the adoption you, starting to enterprises ] Measure here leading today's tremendous and I'm Good XXXX, technology commercial part drone demos and drone be technology stay. Since drone Nicole. Mainstream is deployments. from AgEagle concepts participate incredibly quickly many proof to of move on breakthroughs, call. Thank technology has to to of regulatory Michael, excited to of large

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of collective our relationships of reseller to assets customer at and enhancement personnel best existing integrating have engaged more in success and we actively our is cross-functional, tremendous cross-selling marketing which support and customers opportunities already to and The efforts the the enjoying solutions are brand sales to We are teams be consolidation underway of sales nurture pursuing. levels. end-to-end individual the well as common well as AgEagle's

pleased our initiatives for bright, and that that and AgEagle a very just our how will their On are say which I together. of teams These the that. looks excited be innovation more be I'm the are using ultimately to working with excited to order AgEagle hardware part couldn't facilities I'm MicaSense is looking margins. drive in to is few at higher The currently Wichita a advancing, side, future sensors, of manufacture at

you to a back With that, Q&A. floor for and I'll Michael Nicole, turn the

Nicole Fernandez-McGovern

Thanks, Brandon.

on Pfizer Now we're companies utilizing move technology across Michael, vaccines the to to drone and communities have application your deliver on like with made first going and to question. to you globe, any this underserved progress remote medicine our for drones? crucial

J. Drozd

Yes, delivery solution program, drone BEYOND a an we're rural to develop in to for medical delivering and regional collaboration pharmacy active other turnkey supplies as with participant vaccines communities. working a the in medicines,

Nicole Fernandez-McGovern

Great.

on Going to next question. our

As you of that criteria have at strategy, your future you potential for specific evaluating target M&A do growth size terms acquisitions? remains a good of Is archetype when are Measure part in a looking acquisitions? size or

J. Drozd

in that development. to drone on future focused companies end-to-end the to are Any make stack acquisitions our be going tech accretive solutions, are we

a array continue to evaluate We of vast companies.

our make we strategic is a it acquisition However, any is objectives with and as in company. long-term that line vision important

Nicole Fernandez-McGovern

are MicaSense going name? and under Measure until to consolidate umbrella, the one the branding you AgEagle With now

J. Drozd

leader work and the industry. further we as to MicaSense within tremendous we ourselves Measure continue drone that a both to as establish value will leverage have

AgEagle subsidiaries in overall and are process under best fully the integrate the will brands. to meantime, brands In branding the our strategy its accomplish evaluating our objectives. operate continue analyzing We best their of existing to to how and goals and

Nicole Fernandez-McGovern

Great.

of under And these With does the is ]? different how each a additions segments? has its organization between [ of in it see How fundamentally synergies AgEagle ensure leader it Measure belt. the these MicaSense, X and entities the businesses does

J. Drozd

Yes.

we're and necessary create industrial capabilities X addressing effectively the is uses As drone commercial technologies agriculture end-to-end and building together of in best markets. we company, and previously noted, bringing which solutions to other capable

Nicole Fernandez-McGovern

delivery previously packaged key the Perfect. the advantages about competitive acquisition, multispectral be team sensors drones, to saying drones? on the using you package their delivery Can multispectral on will MicaSense Recently, spoke for elaborate centers drones. that

J. Drozd

Yes.

of focus. sensor area the one of in that due a For of the is the clarification, MicaSense specialized purpose innovator we are leading fact technologies, they acquired they this have of reasons and highly to expertise drone

and and agriculture to thermal drone While necessary vital the have centrals applications delivery sensors drones Sense multispectral AgEagle even operation any will of in ensure that include Avoid sensor for applications autonomous markets, develops are industrial technologies in broader drones. package

Nicole Fernandez-McGovern

Great.

that does With regulations of federal U.S.? funds drones it business? in the their ban recent AgEagle common in And delivery are Chinese-made of Is effectively China? components competitors that proposed AgEagle's see the for on expenditure would drones impacting to made AgEagle's drones, how the how many make

J. Drozd

of No, not has Chinese-made the the drones ban our on use business. impacted

drones building China, quality, is common manufactured for America on in our it's be to solutions needs. that serves While end-to-end AgEagle customers' drone focused in

Nicole Fernandez-McGovern

shareholder Are question final lawsuits today. there the Our that remain? here updates for any to

J. Drozd

appointment April from believe As last to able forth call, the be all lead misleading our that in cases we can consolidated and lawsuits equally council the and complaints faults, and Bonitas be from determined easily deadline continue were plaintiffs this related are stated by to court. brought matter inaccurate the meritless. the baseless so to and claims lead was we the refute the XX of and the resulting report for

are X that we filed Today, complaints the aware courts. with been have

However, and intend we we believe against to served ourselves vigorously summons. that we each Nonetheless, been the any have without of these are with claims. complaints merit, defend not

Brandon AgEagle details move. is Nicole, We key thank way myself, that of the forward sharing to on like a organization over of by to everyone today. listening dynamic our behalf I'd releases, and the very an On evening. look developments weeks press coming please hard August. for on our going that great social stay Have results very each be many to work continue remain shareholder. on proud a Till quarter ensure to channels to AgEagle and you webcast media to We're safe. next then, of in is

AgEagle Aerial Systems (UAVS) 17 May 212021 Q1 Earnings call transcript