WICHITA, Kan., Oct. 15, 2020 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (the “Company”), an industry leading provider of advanced UAVS and aerial imagery, data collection and analytics solutions, has entered into a two-year exclusive contract manufacturing agreement with Valqari, LLC to produce Valqari’s Drone Delivery Station.
Valqari’s patented station is the only solution that has solved the “last inch” logistic problems associated with drone deliveries and it allows for an entirely automated and safe drone package delivery. Built to Valqari’s patented design specifications, AgEagle will manufacture and assemble the Drone Delivery Stations in its new manufacturing and assembly facility in Wichita, Kansas.
AgEagle CEO Michael Drozd stated, “The excitement surrounding the use of commercial drones for package delivery is giving rise to an entire new ecosystem being built to support the industry. Effective solutions for ground support, like Valqari’s Drone Delivery Station, will prove to be a vital, fundamental component of this new ecosystem, helping to ensure the promising potential of mainstream drone package delivery is fully realized. We are very pleased to be teaming with Valqari and look forward to a long and mutually beneficial relationship between our companies.”
In related news, AgEagle announced that it has also made an equity investment in Valqari in association with its current early stage funding round.
Commenting on the new partnership with AgEagle, Ryan Walsh, CEO and co-founder of Valqari, noted, “We based our decision to partner with AgEagle on three primary factors. One, we were looking for a highly adaptive manufacturing partner that has expertise in drone and drone-related manufacturing. Next, AgEagle is based in the United States which ensures there will not be the same concerns we are seeing with other areas of international manufacturing for the North American drone market. Finally, Valqari and AgEagle are very complementary so we sought a partnership with which we can grow as the market evolves and matures. We also greatly appreciate their vote of confidence in Valqari’s long term vision and value proposition by becoming one of our trusted new stockholders.”
Valqari, a Chicago-based start-up and recently named one of the “Top 50 Startup to Watch in 2020” by Built in Chicago, has created the only drone delivery solution that has solved the “last inch” logistic problems with its patented Drone Delivery Station. It features communication technology that will allow for an entirely automated drone delivery. Valqari patents have been cited by 108 other patents and holds utility patents in 14 countries and territories including: the U.S., the U.K., Germany, China, Hong Kong, Macau, Australia, South Africa, and several other countries in the European Union. To learn more about Valqari visit Valqari.com
About AgEagle Aerial Systems Inc.
Founded in 2010 and based in Kansas, AgEagle has earned distinction as one of the industry’s leading pioneers of technologically advanced drones and aerial imagery-based data collection and analytics solutions.