AgEagle actively pursuing opportunities in Drone Logistics, Transportation
AgEagle Aerial Systems has begun to actively pursue expansion opportunities within the emerging Drone Logistics and Transportation market - a market forecasted to grow to $29B in the next eight years. Barrett Mooney, CEO of AgEagle, stated, "Over the past year, there has been a surge of prominent companies, including Alphabet, FedEx, Intel, Qualcomm, Amazon, Target, Walmart, Alibaba, UPS, 7-Eleven, Uber and many others, actively developing commercial drone-delivery service initiatives as part of their long-term strategic plans. These companies intend to leverage the latest in unmanned aerial vehicle technologies to deliver food, consumer products, medicines and other types of lightweight freight direct to consumers and businesses in the fastest, most cost efficient and environmentally responsible manner possible - a practical alternative to costly auto transport. We have received our first purchase orders to manufacture and assemble UAVs designed to meet the critical specifications for drones that are meant to carry goods in urban and suburban areas. We look forward to providing greater detail in the near future on AgEagle's plans to address the needs of this highly specialized new market and the specific role we expect to play in its ongoing development. AgEagle's proven expertise in manufacturing rugged, reliable and professional grade UAVs makes our company a logical partner for designing, manufacturing, and testing drone platforms in the fast-growing delivery market. Not only does this represent an exciting new revenue channel, but it could yield material growth opportunities for us in the greater drone logistics and transportation market in the years to come."