Unmanned Aerial Vehicle The latest drone news
Agricultural drone firm AgEagle Aerial Systems yesterday introduced a merger with EnerJex Resources in a inventory commerce.
Founded in 2015, AgEagle was named one in every of DroneLife’s “7 Best Agriculture Drones” final 12 months and offers precision ag UAV options. Automated drones gather worthwhile information for farmers by flying over fields of corn, soy beans, wheat and different forms of crops amassing 1000’s of ultra-high-resolution, cloud-loaded imagery utilizing near-infrared sensors and cameras.
EnerJex, in response to the corporate web site is an “independent exploration and production company focused on the acquisition and development of oil and natural gas properties located in the Mid-Continent regions of the United States.” Press releases from each corporations didn’t point out how AgEagle will make the most of the exploration firm’s capital injection of $ four million in inventory
EnerJex might be renamed AgEagle Aerial Systems and now trades on the New York Stock Exchange beneath the ticker image UAVS.
“The completion of this merger and subsequent financing is a significant milestone for our company,” commented Bret Chilcott, founder and CEO of AgEagle.
“We can now aggressively execute on our vision of becoming a leading drone and data analytics company, while generating meaningful value for our shareholders. We plan to invest and grow the data analytics division of our business to provide farmers with actionable insights to help them generate healthier crops more efficiently.”
Using algorithmic-based pc applications, precision-ag drone customers can decide the crop well being indicators by analyzing the quantity of near-infrared gentle mirrored from the vegetation.
“Healthy plants reflect more near-infrared light while unhealthy plants absorb the light. Using this high resolution, near-infrared image, a farmer or an agronomist is able to create a ‘prescription map’ that is then fed into the computers that guide large precision crop sprayers,” an organization spokesperson defined. “As a result, chemicals, herbicides, pesticides and nutrients can be applied more precisely in the fields – saving money, increasing the amount of yield per acre, and improving the environmental impact of farming.”
A current market report foresees a $four.2 billion worth for the agricultural drone market by 2022 — representing a development charge of 30 %.
