GlobeNewswire Inc | Nov 8, 2021 08:30AM EST

November 08, 2021

WICHITA, Kan and SEATTLE, Nov. 08, 2021 (GLOBE NEWSWIRE) -- AgEagleAerial Systems Inc. (NYSE American: UAVS) (AgEagle or the Company), an industry-leading provider of full-stack drone, sensor and software solutions, today announced the launch of MicaSenses most pioneering drone sensor innovation, to date: Altum-PT.

MicaSense, an AgEagle company, has earned a respected reputation worldwide for delivering many of the drone industrys most dynamic, high performance multispectral imaging solutions which have become vital to the Agriculture, Plant Research, Land Management and Forestry industries. Altum-PT is an optimized three-in-one solution for advanced remote sensing and agricultural research. It seamlessly integrates an ultra-high resolution panchromatic imager, a built-in 320X256 radiometric thermal imager and five discrete spectral bands to produce synchronized outputs such as RGB color, crop vigor, heat maps and high resolution panchromatic in just one flight. Offering twice the spatial resolution of the prior Altum sensor, Altum-PTwill empower users with deeper analytical capabilities and broader, more diverse applications; enable them to discern issues at the plant level, even in the early growth stages; and conduct early stage stand counting, as well as season-long soil monitoring, among other critical uses.

In our agronomic research, high spatial resolution of multispectral data is critical, statedAssociateProfessor Andries Potgieter of the Centre for Crop Science, Queensland Alliance for Agriculture and Food Innovation. In the past, weve flown at very low altitudes to achieve the needed ground sample distance, or GSD. With the GSD capabilities through the pan-sharpening of the Altum-PT, our data collection efforts will be significantly streamlined. Having higher resolution thermal data from the Altum-PT will also be relevant to enhancedaccuracy when determiningthe impact of abiotic andbioticstresseson crop performanceat plant, canopy and field levels across different environments.

MicaSenses Vice President of Research and Development, Justin McAllister, added, The top-of-the-line Altum has been one of MicaSenses best selling sensors for professional-grade agriculture drone mapping since it was first introduced in 2018. Based on customer feedback and evolving industry needs, we have engineered the Altum-PT to be even better. Its enhanced, patented thermal calibration technologies guarantee the most accurate thermal maps available over two times better than Altum, opening the door to highly advanced research applications and even more pronounced user benefits.

Commenting on the new product launch, Brandon Torres Declet, AgEagles Chief Executive Officer, said, We are very proud of the success we have achieved through market adoption of our legacy products and are excited about again raising the bar on drone sensor excellence through our newest market entrants, RedEdge-P and now the Altum-PT. Both sensors represent revolutionary leaps forward in multispectral technology and should serve to fuel even greater future growth for our Company moving forward. With global distribution in over 70 countries worldwide, we are pleased to provide our valued customers with the tools they require to achieve their respective objectives through our novel advancements in drone sensors and their expanding applications.

For sales information, please contact Drew Baustian, Business Development Manager at MicaSense, at https://micasense.com/contact/.

About AgEagle Aerial Systems Inc.AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our 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.For additional information, please visit our websites at www.ageagle.com.

Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from managements current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

AgEagle Aerial Systems Contacts:

Investor Relations: Media Inquiries:Gateway Investor Relations media@ageagle.comMatt Glover or Cody Cree Phone: 949-574-3860 Email: UAVS@gatewayIR.com