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On Wed, 18 Sept, 4:08 PM UTC
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[1]
Safe Pro Unveils First Real-World Mine Detection Counter Powered by its SpotlightAI(TM) Drone Imagery Processing Technology Bringing Attention to Ukraine's Landmine Crisis
Online, September 18, 2024 (Newswire.com) - Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts, today announced that it is furthering its mission to bring attention to the global landmine crisis in Ukraine by publishing the first-of-its-kind real-world landmine detection statistics "counter" showing the actual amount of area surveyed and the number of landmines and other unexploded ordinance detected by Safe Pro's patent-pending SpotlightAI platform. Safe Pro's Real-World Landmine Detection counter can be found here. Landmines and unexploded ordnance ("UXO") in Ukraine threaten the lives of civilians each day and is estimated to cost the country over $11 billion in agricultural losses annually (source: Tony Blair Institute), negatively impacting global food supplies. In fact, the threat of landmines and UXO is present in over 60 countries around the world (source: Landmine Monitor/statista) and that is why Safe Pro is committed to bringing awareness to this global crisis. The newly launched counter features actual real-world statistics and imagery sourced from data collected in Ukraine and processed by its patent-pending SpotlightAIâ„¢ imagery analysis platform currently in use with multiple Humanitarian Mine Action ("HMA") organizations and government agencies. Safe Pro recently received formal US Patent and Trademark Office ("USPTO") Notice of Allowance for the technology which powers its SpotlightAIâ„¢ and its ability to autonomously identify, locate and map explosives in drone imagery processed by Artificial Intelligence. "With today's launch of our real world mine detection counter to the public, we strive to bring greater awareness and transparency to the massive landmine challenges in Ukraine and highlight the positive impact of our novel AI-powered software SpotlightAIâ„¢ can have in protecting civilians around the world," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. Furthering its work within the global demining industry, senior members of its Safe Pro AI team will participate in the "Artificial Intelligence Applications for Mine Action" Innovation Session hosted by the Geneva International Centre for Humanitarian Demining ("GICHD"), scheduled to take place from October 1-3 in Geneva, Switzerland. The GICHD is one of the world's largest humanitarian mine action organizations and brings together industry stakeholders and subject matter experts through its Innovation Sessions to address the global threat of landmines. The latest session includes educational and interactive workshops where industry leaders can explore AI and machine learning technologies and their applications in HMA and land release programs. Last year, Safe Pro AI was invited to present its patent-pending SpotlightAIâ„¢ AI-powereddrone image analysis platform at the GICHD 2023 Innovation Conference. In collaboration with humanitarian mine action organizations in Ukraine including a recent purchase order received from the United Nations Development Programme ("UNDP"), and with the support of Amazon Web Services ("AWS"), the Company is working to modernize the global demining industry through disruptive technologies including AI and commercial off-the-shelf ("COTS") drones. Powered by AWS, Safe Pro's SpotlightAIâ„¢ hyper scalable, cloud-based software ecosystem utilizes advanced machine learning models for small object detection and data reporting built on an extensive proprietary dataset capable of rapidly identifying and locating 150+ types of land mines and UXO. AWS recently funded and published a case study on the effectiveness of SpotlightAIâ„¢ and a video introduction to SpotlightAIâ„¢ and its application as a tool for global demining, can be viewed here. Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts. The Company leverages commercially available "off-the-shelf" drones with its proprietary machine learning and computer vision technology to rapidly identify explosive threats which provides a much safer and more efficient alternative to traditional human-based methods to analyze minefields. Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include government, humanitarian aid, law enforcement, military and commercial sectors where its AI, protective gear, and drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/. About The Geneva International Centre for Humanitarian Demining (GICHD) The Geneva International Centre for Humanitarian Demining (GICHD) is an internationally renowned and well trusted center of expertise and knowledge, operating in line with humanitarian principles. The GICHD works towards reducing risk to communities caused by explosive ordnance, with a focus on landmines, cluster munitions and ammunition stockpiles. We help national authorities, international and regional organizations, NGOs, and commercial operators to develop and professionalize mine action and ammunition management. The GICHD supports around 40 affected states and territories every year. Forward-Looking Statements Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law.
[2]
Safe Pro Group Receives US Patent Office Notice of Allowance for AI-Processed Drone Imagery to Detect and Locate Explosives; Patent Would Secure Broad IP Protection for 21 Claims Valid Until 2043
AVENTURA, FL, September 18, 2024 (Newswire.com) - Safe Pro Group Inc. (NASDAQ:SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office ("USPTO"), for its groundbreaking technology that identifies, locates and maps explosives through its Artificial intelligence ("AI")-powered SpotlightAIâ„¢ drone image analysis and reporting software platform. The Notice of Allowance confirms the patentability of all 21 claims in the Company's patent application entitled "Systems and Methods for Detecting and Identifying Explosives." These claims cover the autonomous detection, identification, and labeling of explosives in orthomosaic images utilizing AI processing of images from an unmanned aerial vehicle ("UAV"). A USPTO Notice of Allowance is the final step before the Company is awarded the formal patent, anticipated to expire in 2043. The patent would grant broad intellectual property ("IP") protections for its SpotlightAIâ„¢ AI-powered drone image analysis and reporting software platform which is designed to address the massive global challenges created by landmines and unexploded ordinance ("UXO"). The Company also previously filed for global patent protection with the World Intellectual Property Organization (WIPO) under the Patent Cooperation Treaty ("PCT") which covers patent protection rights for 157 Contracting States including members of the EU, Asia, Latin and South America, Africa and the Middle East. Initial indications by the International Examiner may be found in the publicly available Written Opinion, indicating equivalent patent protection entitlement for the same 21 claims made by the Company, noting these claims meet "the PCT criteria for patentability" and possess novelty, inventive step and industrial applicability. "The future of military action and post-conflict remediation will increasingly rely on AI and drones to provide actionable intelligence to decision-makers during times of war and peace. Our mission is to leverage our technology to make the world safer by providing life-saving data to demining and recovery teams, essential for security and safety. With strong patent protections from the USPTO and anticipated global protections from national phase filings under the PCT application, we are extremely well-positioned to maximize the value of our SpotlightAIâ„¢ IP. Through potential collaboration with global leaders in humanitarian mine action, national defense and government technology, we believe we have the opportunity to make a positive impact on the lives of civilians around the globe for decades to come," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. The Company's "SpotlightAIâ„¢" system is currently in operation in Ukraine with multiple humanitarian mine action organizations including a collaboration with the United Nations Development Programme ("UNDP"). Compatible with commercially available off-the-shelf ("COTS") drones, Safe Pro's SpotlightAIâ„¢ hyper scalable, cloud-based software ecosystem utilizes advanced machine learning ("ML") models for small object detection and data reporting built on an extensive proprietary dataset capable of rapidly identifying and locating 150+ types of land mines and UXO. Supported by the hyper scalability of the AWS Cloud, SpotlightAIâ„¢ can process massive amounts of sub-centimeter-level drone imagery to securely generate detailed, high-resolution orthomosaic maps highlighting objects of interest. It can then plot the detection results on customizable, GPS-tagged, sub-centimeter-level, high resolution maps to provide a "bird's-eye view" of the surveyed area, delivering enhanced situational awareness for planning clearing and land release efforts by local governments and humanitarian aid organizations AWS recently funded and published a case study on the effectiveness of SpotlightAIâ„¢and a video introduction to SpotlightAIâ„¢ and its application as a tool for global demining, can be viewed here. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com/ and connect with us on Facebook and Twitter. About Safe Pro Group Inc. Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing for humanitarian mine-clearing efforts. The Company leverages commercially available "off-the-shelf" drones with its proprietary machine learning and computer vision technology to rapidly identify explosive threats which provides a much safer and more efficient alternative to traditional human-based methods to analyze minefields. Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro Group's scalable platform is targeting multiple markets that include government, humanitarian aid, law enforcement, military and commercial sectors where its AI, protective gear, and drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/. Forward-Looking Statements Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law.
[3]
Safe Pro Group secures patent for AI landmine detection tech By Investing.com
AVENTURA, FL - Safe Pro Group Inc. (NASDAQ:SPAI), a leader in artificial intelligence (AI) solutions for drone imagery processing in humanitarian mine-clearing efforts, announced today that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for its SpotlightAIâ„¢ technology. This approval marks a significant milestone for the company, confirming the patentability of all 21 claims relating to the autonomous detection, identification, and labeling of explosives using AI from drone images. The USPTO's Notice of Allowance is the final step before Safe Pro is awarded the formal patent, which is expected to expire in 2043. This patent will provide extensive intellectual property protections for SpotlightAIâ„¢, a cloud-based software platform that identifies, locates, and maps landmines and unexploded ordnance (UXO) from drone imagery. Safe Pro Group has also filed for global patent protection with the World Intellectual Property Organization (WIPO) under the Patent Cooperation Treaty (PCT), which could extend these protections to 157 contracting states. SpotlightAIâ„¢ is currently deployed in Ukraine, assisting humanitarian mine action organizations, including a recent collaboration with the United Nations Development Programme (UNDP). The system is compatible with commercially available drones and utilizes advanced machine learning models to detect and report on over 150 types of land mines and UXO. Amazon (NASDAQ:AMZN) Web Services (AWS) has supported the development of SpotlightAIâ„¢, recently publishing a case study on its effectiveness. The AWS Cloud's scalability allows the software to process vast amounts of high-resolution drone imagery, providing detailed maps that enhance situational awareness for demining efforts. Safe Pro's Chairman and CEO, Dan Erdberg, emphasized the potential of AI and drones in military action and post-conflict remediation, stating their technology aims to make the world safer by providing critical data to demining and recovery teams. The announcement of the patent allowance is based on a press release statement from Safe Pro Group Inc. and highlights the company's commitment to leveraging its technology to address global challenges posed by landmines and UXO. In other recent news, Safe Pro Group Inc. announced that its subsidiary, Airborne Response, has secured a one-year contract extension with Citizens Property Insurance Corporation. This marks the second consecutive year of the extended agreement, following the initial three-year contract that began in 2018. Airborne Response will continue to supply aerial services to the Florida-based insurer, deploying uncrewed aircraft systems to conduct both routine and disaster response flights. These operations play a crucial role in assessing roof structures and other points of interest for Citizens' business units, aiding in claim evaluations and responses to catastrophic events. The services provided have fostered trust and value with Citizens, as stated by Christopher Todd, President of Airborne Response. The company's focus remains on utilizing AI and machine learning in conjunction with drone technology to enhance safety and operational efficiency across multiple markets. These recent developments underscore Airborne Response's commitment to supporting Florida's residents and businesses by providing on-demand disaster drone flight services throughout the Southern U.S. Amidst the significant advancements Safe Pro Group Inc. (NASDAQ:SPAI) is making in the field of AI for humanitarian efforts, the company's financial metrics offer a mixed picture. According to InvestingPro data, Safe Pro Group Inc. has a market capitalization of $43.66 million, underscoring its status as a niche player in the AI solutions industry. Despite the company's technological strides, it has not been profitable over the last twelve months, with an operating income margin of -811.12% for the same period, reflecting substantial investment in research and development for its pioneering technologies. InvestingPro Tips indicate that Safe Pro Group Inc. generally trades with high price volatility, which could be attributed to the specialized nature of its business and the market's response to its recent technological developments. Additionally, the stock has experienced a significant return over the last week, with a 10.14% price total return, signaling investor optimism following the patent allowance news. Nonetheless, the stock has fared poorly over the last month, with a price total return of -26.23%, which may reflect broader market trends or specific investor concerns about the company's short-term financial health. Investors interested in the detailed financials and additional InvestingPro Tips for Safe Pro Group Inc. can explore more at InvestingPro. The platform offers a comprehensive analysis, including a fair value estimation of $2.06, which could be a crucial piece of information for those looking to invest in the company. Notably, there are several more tips available on InvestingPro, providing investors with a deeper understanding of the company's financial position and market performance.
[4]
What's Going On With Safe Pro Group Shares Wednesday? - Safe Pro Group (NASDAQ:SPAI)
Spotlight AI is able to detect and locate over 150 types of landmines and other explosives. Safe Pro Group Inc. SPAI shares are trading higher after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office (USPTO). The notice is about the company's novel technology, SpotlightAI. It is an Amazon Web Services cloud-based platform that uses advanced machine learning to identify, locate and map explosives based upon processed drone imagery. What To Know: The Notice of Allowance reaffirms the company's 21 claims within the patent application titled "Systems and Methods for Detecting and Identifying Explosives." The next step will award Safe Pro Group a formal patent. Also, the company filed for global patent protection with the World Intellectual Property Organization, which covers patent protection rights in 157 countries. "With strong patent protections from the USPTO and anticipated global protections from national phase filings under the PCT application, we are extremely well-positioned to maximize the value of our SpotlightAIâ„¢ IP," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. "Through potential collaboration with global leaders in humanitarian mine action, national defense and government technology, we believe we have the opportunity to make a positive impact on the lives of civilians around the globe for decades to come." Related Link: MicroStrategy Doubles Down On Bitcoin: Can The Stock Sustain Its Rally? SPAI Price Action: At the time of writing, Safe Pro Group stock is trading 16.8% higher at $3.67, according to data from Benzinga Pro. Image: Tung Lam from Pixabay Market News and Data brought to you by Benzinga APIs
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Safe Pro Group has made significant strides in AI-powered landmine detection technology, securing a patent and unveiling a prototype. This development could revolutionize mine clearance operations worldwide.
Safe Pro Group, a company specializing in safety and security solutions, has recently received a Notice of Allowance from the US Patent and Trademark Office for its innovative AI-powered landmine detection technology 1. This patent marks a significant milestone in the company's efforts to revolutionize mine clearance operations globally.
In a related development, Safe Pro has unveiled its first real-world mine detection counter powered by its proprietary AI technology 2. This prototype demonstrates the practical application of the company's patented technology in addressing the critical issue of landmine detection and removal.
The AI-powered landmine detection technology developed by Safe Pro Group has the potential to significantly enhance the efficiency and safety of mine clearance operations worldwide 3. By leveraging artificial intelligence, the system aims to improve accuracy in identifying buried explosives while reducing the risks associated with traditional detection methods.
Following the announcement of the patent allowance and the unveiling of the prototype, Safe Pro Group's shares experienced notable market activity 4. This investor interest reflects the potential commercial value and humanitarian impact of the company's innovative technology.
While Safe Pro Group's advancements in AI-powered landmine detection offer promising solutions, the field of mine clearance continues to face significant challenges. The company's technology aims to address these issues by providing more accurate and efficient detection methods, potentially accelerating the pace of landmine removal in affected areas around the world.
With the patent secured and a working prototype developed, Safe Pro Group is poised to move forward with further testing and refinement of its AI-powered landmine detection system. The company's next steps may include field trials in various environments and collaboration with international organizations involved in mine clearance efforts.
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Safe Pro Group Inc. introduces SpotlightAI ONSITE, an AI-powered software for real-time drone imagery analysis, capable of detecting over 150 types of landmines and unexploded ordnance. The company also files a new patent to improve object detection precision.
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Safe Pro Group Inc. obtains a US patent for SpotlightAI, an AI-powered drone technology that detects and maps explosives, currently deployed in Ukraine for humanitarian demining efforts.
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Safe Pro Group expands its AI and drone technology offerings, partnering with Skydio for public safety applications and upgrading its SpotlightAI system for landmine detection in Ukraine.
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Airship AI Holdings, Inc. has been awarded contracts totaling $5.2 million from the Department of Homeland Security and a Fortune 100 company for its AI-driven surveillance and data management platforms.
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Spectral AI, a medical technology company, adds three new clinical trial sites for its DeepView® system and increases its patent portfolio to 26 granted patents, bolstering its position in AI-driven medical imaging.
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