AVENTURA, Fla.--(BUSINESS WIRE)-- Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the “Company”), a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, today announced it expects to report record-breaking annual 2024 revenue surging in excess of 130% over fiscal 2023. Expected record fiscal 2024 results were fueled by an increase of 200+% in fourth quarter revenue versus the year-ago period driven by strong sales activities in the Company’s mission critical drone services, ballistic products, and artificial intelligence (AI) unit.

“I am extremely proud of our growth and of the impact our organization made in 2024 as we continue to build long-term customer relationships in the US and with our allies. Our revolutionary and patented software ecosystem has been battle tested in Ukraine where our AI located over 16,000 mines and explosive items for our users since the deployment of the platform,” said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. “We continue to see growth across our drone services business and ballistic protection manufacturing unit building upon the strong foundation we have created and laying a path for further growth and success in the coming year.”

The Company expects to file its Annual Report on Form 10-K with the Securities and Exchange Commission for the year ended December 31, 2024, on or before March 31, 2025.

For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook and X.

About Safe Pro Group Inc.

Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response 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 in this press release include, without limitation, the Company’s revenue projections for its current quarterly period. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241220108229/en/