Safe Pro Group wins $730,000 U.S. government subcontract for AI tech

Safe Pro Group Inc. (Nasdaq: SPAI) announced it has received a new U.S. government subcontract for its patented AI threat mapping and drone package, valued at approximately $730,000 before the exercise of additional options.

According to a press release, this is the fourth recent U.S. government award the Aventura, Fla.-based company has received for its patented AI technology. The company said the awards expand its installed base and increase visibility into recurring software subscription revenue.

Safe Pro Group develops AI-enabled defense, security, and situational awareness solutions, including drone imagery processing technology that uses machine learning and computer vision for identification of explosive threats.

You May Also Be Interested In

• Google and Blackstone data-center venture hits delays at key sites - Bloomberg
• Alamo Group to discontinue Boxer product line, faces $10M charge
• Jefferies Starts Liberty Formula One (FWONK) at Buy