Safe Pro Group Inc. (NASDAQ:SPAI) shares surged on Wednesday after the company announced it secured a U.S. patent for its AI-driven SpotlightAI drone technology.
SpotlightAI, powered by Amazon Web Services (AWS), is a cloud-based platform that uses advanced machine learning to rapidly detect, GPS-locate, and map over 150 types of landmines and unexploded ordnance (UXO) in drone imagery.
This advanced technology enables efficient, accurate, and scalable mine detection, enhancing safety in hazardous environments.
The patent covers 21 claims for its "Systems and Methods for Detecting and Identifying Explosives," valid until 2043.
This patent underscores the transformative potential of SpotlightAI in applications like humanitarian demining, agriculture, national defense, and reconstruction.
Additionally, the company has previously filed for global patent protection under the Patent Cooperation Treaty (PCT), extending potential rights to 157 countries across multiple regions.
The SpotlightAI system is actively deployed in Ukraine, collaborating with humanitarian mine action organizations, including the UNDP and government entities.
Dan Erdberg, Chairman and CEO of Safe Pro, said, "To date, our patented SpotlightAI technology has helped locate over 10,000 landmines and other explosives in Ukraine in support of humanitarian, agricultural and reconstruction efforts."
"Our goal now is to further leverage our newly protected IP as we seek to collaborate with a broadened array of potential new partners and customers in commercial, humanitarian and national defense markets where our technology can support their critical missions."
Yesterday, the company announced a projected 200%+ year-over-year revenue increase for the fourth quarter, driven by a record monthly revenue of over $650,000 in October.
This growth is attributed to a surge in activity within its drone services business, primarily due to the increased demand for services following major hurricanes and storms that impacted the southeastern U.S.
Price Action: SPAI shares are up 25% at $2.875 at the last check Wednesday.
Image via Shutterstock
Read Next:
- Salesforce Tool Aims To Simplify AI Agent Testing, Deployment
