Safe Pro Group Inc. (NASDAQ: SPAI) is establishing SPAI Ventures, a wholly owned subsidiary intended to evaluate and pursue selective strategic investments and collaborations with Ukrainian and other international technology developers, according to a company update from Northland Securities analyst Michael Latimore. The subsidiary plans to evaluate investments in drone platforms, sensors and software solutions developed in Ukraine and internationally that may complement Safe Pro’s AI and protective systems.
The initiative aims to combine Safe Pro’s AI capabilities with battle-tested hardware and software to accelerate time to market and expand opportunities. Northland reiterated its Outperform rating and $13 price target and said the initiative could strengthen Safe Pro’s ability to address evolving requirements from U.S. and NATO defense customers, allied governments and humanitarian demining and reconstruction organizations.
The move also positions the company to benefit from Ukraine-driven autonomous systems innovation and shifting landmine policies that the firm believes increase the value of Safe Pro’s explosive threat detection AI. Safe Pro Group is a mission-driven technology company delivering AI-enabled security and defense solutions through cutting-edge platforms like SPOTD, providing advanced situational awareness tools for defense, humanitarian, and homeland security applications globally.
The company leverages commercially available off-the-shelf drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services, Safe Pro Group’s scalable platform targets multiple markets including commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services work in synergy.
For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/. The latest news and updates relating to SPAI are available in the company’s newsroom at http://ibn.fm/SPAI.
