Safe Pro Group Inc. (NASDAQ:SPAI) has begun executing a $742,000 US Army award, delivering its AI Edge Processing NODE alongside Black Widow drones made by Red Cat Holdings, Inc. (NASDAQ:RCAT).
The company said it is rapidly delivering the AI Edge Processing NODE and the Red Cat Black Widow drones under the award, combining its edge artificial intelligence technology with the unmanned aircraft. The award comes from the US Army.
The contract pairs Safe Pro's AI Edge Processing NODE, designed to run artificial intelligence analysis on hardware in the field rather than in a central data center, with Red Cat's Black Widow small drone, positioning the company as a supplier of integrated AI-and-drone capability to the military.
For a micro-cap, a US Army award provides validation of the technology and a reference customer in the defense market, though the dollar value is modest relative to larger procurement programs.
Safe Pro Group is a provider of artificial intelligence and technology solutions for security, defense and humanitarian applications, including AI-based threat detection and edge processing systems.