SPAI

Increased Government Sales Pipeline Driving Momentum Following Successful U.S. Army Exercises and Demonstrations in Q1 AVENTURA, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- Safe Pro Group Inc. (Nasdaq: SPAI) (Safe Pro or the Company), a developer of artificial intelligence (AI)-enabled defense, security, and situational awareness solutions, today announced financial results for the quarter ended March 31, 2026 reflecting the significant impact of a recently commercialized AI-powered Edge compute solution subcontract. First Quarter 2026 Financial and Recent Operational Highlights Include: Record Revenue Growth and High Margins Driven by AI Product Sales Record quarterly revenue of $1,220,129 represents a 560% increase over $184,802 reported in the first quarter of 2025. Safe Pro AI quarterly revenue surged over 2,400%, driven by new contracted sales of the Company’s AI-powered drone-based video and imagery analysis systems. Quarterly consolidated gross margins were more than 68% inclusive of depreciation validating Safe Pro’s highly scalable AI-powered business model. To date, the Company has repurchased 400,000 shares of its common stock under its existing stock repurchase program. The Company ended the quarter maintaining a strong balance sheet with $14.8 million in cash and minimal debt. NODE and NODE-X Edge Processing Solution Drives New Levels of Battlefield Situational Awareness During the quarter the Company received, produced, and delivered multiple Edge processing systems under a $1,000,000 government subcontract, demonstrating its ability to rapidly scale production to meet customer demand. In April, through a contract modification, the subcontract was expanded to provide AI powered Edge processing system support. Interest in the Company’s Navigation, Observation & Detection Engine (NODE) and newly introduced NODE-X miniaturized Edge processing solution continues to grow after successfully completing multiple live fire exercises and demonstrations conducted by the U.S. Army. Participation in these invite-only events provides the Company with opportunities to directly engage with defense sector decisionmakers who can provide a pathway to potential product acquisition and deployment. Expanded Leadership and Government Growth Team Accelerating U.S. Army Engagement and Contract Capture Activities In response to growing requests for product demonstration and evaluation by defense industry stakeholders, Safe Pro appointed Jarret Mathews, Colonel, U.S. Army (Retired), formerly the Director, Joint Acquisitions Task Force of the U.S. Army's Special Operations Command, as its Chief Operating Officer. Supporting further collaboration with U.S. government prime contractors, Safe Pro launched its new Growth Team led by Brian Mack, a former Anduril contracting executive as its Chief Growth Officer and Benjamin Chitty, the former Deputy Director and Senior Program Manager of the Joint Acquisition Task Force of the United States Special Operations Command, as VP of Government Growth. Collectively, the team is leading the Company’s efforts to capture U.S. government contract awards through teaming agreements with Prime Contractors. “Our first quarter results illustrate our AI focused business model is beginning to deliver significant value to our customers and strong margins for our shareholders,” said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. “We believe Safe Pro is well positioned to capitalize on the AI era with the momentum we see building for our patented AI solutions within the U.S. Government. Supported by a strong balance sheet, expanded team of accomplished military acquisition specialists, and an enhanced portfolio of real-world proven solutions, we are excited about our future.” The Company’s Safe Pro Object Threat Detection (SPOTD) AI platform analyzes imagery and video from virtually any drone to automatically detect and classify explosive threats and other objects of interest. The platform converts raw video into high-resolution 2D/3D geospatial models that can be rapidly shared to support operational decision-making in defense, security, and humanitarian missions. SPOTD is capable of identifying more than 150 types of landmines and UXO, enabling scalable situational awareness across large, high-risk areas. SPOTD has been deployed in active operational environments in Ukraine for nearly three years and is supported by a growing proprietary dataset comprising over 2.7 million analyzed images, more than 49,500 identified threats, and coverage of approximately 34,900 acres. The financial information included in this press release should be read in conjunction with the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to be filed with the Securities and Exchange Commission today. For more information about Safe Pro’s real-world landmine and UXO detections, visit: https://safeproai.com/landmine-detections/. For 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 Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It 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 within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Forward-looking statements in this press release include, without limitation, statements regarding Safe Pro’s ability to generate revenue from and achieve high margins on its AI-powered products; perform under, expand or receive additional orders under government subcontracts; convert U.S. Army exercises, demonstrations, customer evaluations, teaming agreements and growth-team initiatives into product acquisition, deployment or additional contract awards; maintain or increase demand for its NODE, NODE-X and SPOTD solutions; and gain acceptance of its solutions by potential government, military, defense, security and humanitarian organizations. 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 under Item 1A. in the Company’s most recently filed Form 10-K and updated from time to time in the Company’s Form 10-Q filings and in other 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. Media Relations for Safe Pro Group Inc.: [email protected] Investor Contact: Ankit Hira, Managing Director Solebury Strategic Communications for Safe Pro Group Inc. [email protected]

Net Revenue of $29.8 Million GAAP EPS of ($0.03) Non-GAAP EPS of $0.04 Increases FY26 Drone Revenue Expectation to a range of $8 Million-$12 Million, up from the prior range of $5 Million-$10 Million IRVINE, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global leader in compute and connectivity IoT solutions powering Edge AI applications, today reported results for the fiscal second quarter ended Dec. 31, 2025. Management Commentary “We continued our momentum into the second quarter through disciplined execution, delivering financial results within our guidance range,” said Saleel Awsare, president and CEO of Lantronix. “Execution across our Edge AI strategy continued to strengthen during Q2, with several customer programs advancing from development and pilot phases into initial production and deployment.” Lantronix experienced particularly strong momentum in the unmanned systems industry where sequential growth in drones reflected deeper customer engagement and expansion in program scope as OEMs increased reliance on Lantronix technology across defense and autonomous applications. As these programs move further into execution, Lantronix’s position increasingly operates as a platform partner rather than a component supplier, supporting longer-duration engagements with attractive lifetime value. Additionally, the Company is encouraged to see many of its partners and customers included in the Department of War’s recently announced initial slate of vendors for its Drone Dominance initiative, underscoring the relevance of its platform within the evolving defense ecosystem. “Convergence around our Edge AI platform is enabling us to scale efficiently across drones, critical infrastructure monitoring and enterprise connectivity while simultaneously strengthening customer relationships and improving operating leverage,” added Awsare. “We remain disciplined and well-positioned to meet accelerating demand in our core markets and are confident that our platform-led strategy and growing execution cadence will continue to drive profitable growth.” Q2 FY2026 Financial Results Net Revenue: $29.8 million GAAP EPS: ($0.03) Non-GAAP EPS: $0.04 Cash and Cash Equivalents: $23.0 million Q2 FY2026 and Recent Business Highlights Lantronix Q2 FY2026 new partnerships and product highlights include: Partnered with Trillium Engineering to power gimbaled imaging systems deployed across intelligence, surveillance and reconnaissance (ISR), infrastructure inspection and wildfire operations, which further validates the performance, security and reliability of Lantronix’s Edge AI architecture for mission-critical applications. Secured first design win with Flock Safety in the Drone-as-First Responder (DFR) category, extending Edge AI capabilities into public safety applications and demonstrating growing demand for real-time, AI-enabled situational awareness beyond defense. Announced collaboration with Safe Pro Group (Nasdaq: SPAI), expanding Lantronix’s role in AI-enabled threat detection by integrating SPAI’s object threat detection models with Lantronix compute modules for real-time, on-device identification of landmines and other ground hazards without cloud dependency. Launched breakthrough Edge AI solutions during CES 2026, reinforcing Lantronix’s transition from component supplier to platform provider: Drone Reference Platform: Introduced a turnkey, NDAA- and TAA-compliant development kit enabling OEMs to accelerate UAV prototyping, deploy AI models in real-world flight conditions and reduce integration timelines from months to weeks. SmartEdge.ai and SmartSwitch.ai: Debuted an integrated Edge AI surveillance and connectivity ecosystem with onboard AI inference, 5G-ready networking and PoE+ aggregation, enabling real-time video analytics, intelligent automation and scalable management across enterprise and industrial environments. Lantronix Q2 FY2026 industry awards and recognition for innovation and execution in Edge AI and IoT include: Recognized as a Top 100 Edge Computing Leader by CRN for 2025, reflecting Lantronix’s momentum in delivering AI-enabled, real-time edge intelligence across defense, smart infrastructure and security applications. Won the 2025 IoT Edge Computing Excellence Award for the Open-Q™ System-on-Module (SoM) portfolio, highlighting innovation and customer traction in distributed, mission-critical Edge AI deployments. CEO Saleel Awsare named to the OC500 Directory of Influence, recognizing Lantronix’s strategic execution and growing impact across high-value markets. Q3 FY2026 Financial Outlook Revenue: $28.5 million to $32.5 million, or $30.5 million at the midpoint Non-GAAP EPS: $0.03 to $0.06 Conference Call and Webcast Management will host an investor conference call and audio webcast today (Wednesday, Feb. 4, 2026) at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its results for the fiscal second quarter of 2026 and financial outlook. To access the live conference call, investors should dial 1-844-802-2442 (U.S.) or 1-412-317-5135 (international) and indicate they are participating in the Lantronix fiscal 2026 second-quarter call. The webcast will also be available simultaneously via the investor relations section of the Company’s website. Investors can access a conference call replay starting at approximately 4:00 p.m. Pacific Time on Feb. 4, 2026, on the Lantronix website. A telephonic replay will also be available through Feb. 11, 2026, by dialing 1-855-669-9658 (US & Canada Toll-Free) or 1-412-317-0088 (international) and entering passcode 3380465. About Lantronix Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity, and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT, and commercial and defense unmanned systems (including drones), Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software, and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security, and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website. Discussion of Non-GAAP Financial Measures Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Non-GAAP net loss consists of net loss excluding (i) share-based compensation and the employer portion of withholding taxes on stock grants, (ii) depreciation and amortization, (iii) interest income (expense), (iv) other income (expense), (v) income tax provision (benefit), (vi) restructuring, severance and related charges, (vii) acquisition related costs, (viii) impairment of long-lived assets, (ix) amortization of purchased intangibles, (x) amortization of manufacturing profit in acquired inventory, (xi) fair value remeasurement of earnout consideration, and (xii) loss on extinguishment of debt. Non-GAAP EPS is calculated by dividing non-GAAP net income by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP EPS, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which, for GAAP purposes, is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method. Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort. Forward-Looking Statements This news release contains forward-looking statements, including statements concerning our revenue and earnings expectations for the second fiscal quarter of 2026, our positioning for sustainable, profitable growth and to capture multi-year, high-margin opportunities as a result of the strategic transformation executed during fiscal 2025, and our expectations regarding the short- and long-term benefits of our recent design wins and strategic hires. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry, and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Other factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to changes in U.S. trade policy, including recently increased or future tariffs, a pandemic or similar outbreak, wars and recent conflicts in Europe, Asia and the Middle East, hostilities in the Red Sea, or other causes; our ability to successfully convert our backlog and current demand; the impact of a pandemic or similar outbreak on our business, employees, customers, supply and distribution chains and the global economy; our ability to successfully implement our acquisition strategy or integrate acquired companies; uncertainty as to the future profitability of acquired businesses, and delays in the realization of, or the failure to realize, any accretion from acquisition transactions; acquiring, managing and integrating new operations, businesses or assets, and the associated diversion of management attention or other related costs or difficulties; our ability to continue to generate revenue from products sold into mature markets; our ability to develop, market, and sell new products; our ability to succeed with our new software offerings; our use of AI may result in reputational, competitive or financial harm and liability; fluctuations in our revenue due to the project-based timing of orders from certain customers; unpredictable timing of our revenues due to the lengthy sales cycle for our products and services and potential delays in customer completion of projects; our ability to accurately forecast future demand for our products; delays in qualifying revisions of existing products; constraints or delays in the supply of, or quality control issues with, certain materials or components; difficulties associated with the delivery, quality or cost of our products from our contract manufacturers or suppliers; risks related to the outsourcing of manufacturing and international operations; difficulties associated with our distributors or resellers; intense competition in our industry and resultant downward price pressure; rises in inventory levels and inventory obsolescence; undetected software or hardware errors or defects in our products; cybersecurity risks; our ability to obtain appropriate industry certifications or approvals from governmental regulatory bodies; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to protect patents and other proprietary rights and avoid infringement of others’ proprietary technology rights; issues relating to the stability of our financial and banking institutions and relationships; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; the impact of rising interest rates; our ability to attract and retain qualified management; and any additional factors included in our Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2025, including in the section entitled “Risk Factors” in Item 1A of Part I of that report; and in our other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections. ©2026 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. Lantronix Investor Contact: Matt Glover and Greg Robles Gateway Group, Inc. [email protected]

SAN JUAN, Puerto Rico, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, reports its financial results for the third quarter ended September 30, 2025. Business and Financial Highlights Q3 quarterly revenue grew 646% year over year and 200% over the prior quarter to $9.6 million, beating consensus expectations. Update on the U.S. Army’s SRR UAS Tranche 2 (T2) Program: The Limited Rate Production (LRIP) Tranche 2 contract, signed in July 2025, has been expanded and is now valued at approximately $35 million. 2025 annual revenue guidance updated to between $34.5 - $37.5 million, Q4 revenue guided to between $20 -$23 million. $212.5 million of cash and accounts receivable at the end of Q3. Launched Maritime Division, Blue Ops: Red Cat’s new division focused on delivering and further developing a family of battle proven uncrewed surface vessel (USV) weapons systems. Blue Ops opened a 155,000 square foot facility in GA with manufacturing capacity of more than 500 vessels per year. 2x expansion of manufacturing space in Salt Lake City (Teal) and Los Angeles (FlightWave) facilities. Teal and FlightWave have recently expanded their manufacturing capacity through new and expanded leased facilities. “Our record-breaking third quarter revenue and the expansion of our contract with the U.S. Army clearly demonstrates the accelerating adoption of our specialized solutions within the defense and national security sectors,” said Jeff Thompson, CEO of Red Cat. “We are seeing significant returns on our focused strategy, with our products being validated by major government agencies and NATO allies and necessitating the recent 2x expansion of our drone manufacturing facilities. This expansion allows us to deliver speed and volume at scale to the Department of War and U.S. Allies through FMS (Foreign Military Sales). Also, the recent launch of our USV division, Blue Ops, and the lease of our 155,000 sq foot vessel building facility positions us to be the leader of delivering critical unmanned systems for use over land and sea.” “Our financial performance this quarter demonstrates the operational leverage and discipline as we effectively scale to meet surging demand. We have substantially improved our balance sheet to be able to execute on our long-term goals,” said Chris Ericson, Red Cat CFO. “We have bolstered our quarter-end cash and receivables of $212.5 million in addition to our $30.6 million in inventory and inventory deposits. This liquidity gives us the appropriate strength and ability to execute the demands of the U.S. Army’s SRR program, continue building out our USV division and take advantage of possible technology acquisitions and international growth opportunities as we look to position ourselves into 2026.” Other Business Updates Blue Ops has partnered with Hodgdon Shipbuilding to produce the first five uncrewed surface vessel prototypes at its facilities in the Boothbay Region and in Damariscotta, Maine, with delivery beginning in Q4. Apium Swarm Robotics joined Red Cat Holdings’ Futures Initiative: Following Red Cat’s successful U.S. Army testing of its autonomous swarming technology on Teal drones, the partnership advances scalable, decentralized drone swarming capabilities for tactical operations, enabling real-time mission adaptability without centralized control. FANG™ FPV Drone Blue UAS Certification: Red Cat’s FANG™ FPV Drone system was officially added to the Department of War’s Blue UAS Cleared List, confirming its compliance with stringent cybersecurity and operational requirements for U.S. government use. Successful Palantir VNav Flight Testing: The Company successfully completed flight testing of Palantir Technologies’ Visual Navigation (VNav) software on its Black Widow™ drone platform, enhancing its capability for operations in GPS-denied environments. Strategic Partnership with AeroVironment (AV): Red Cat announced a partnership to enable the deployment of the FANG™ FPV drone from AV’s P550™ UAS, marking a significant step toward developing multi-domain, networked drone capabilities. Introduced FANG™ - a Low-Cost, NDAA-Compliant FPV Drone Line: Red Cat’s first system in the FANG line is the FANG™ F7, a 7-inch retrievable FPV drone optimized for training and tactical use that is now available for purchase by defense and security operators. AI Collaboration with Safe Pro Group: Red Cat collaborated with Safe Pro Group to embed Real-Time AI-Powered Threat Detection directly onboard the Black Widow™ drone platform, significantly enhancing battlefield intelligence capabilities. NATO NSPA Catalogue Approval: Red Cat’s Teal Drones Black Widow™ System was approved for the NATO Support and Procurement Agency (NSPA) Catalogue, paving the way for sales to a broad range of NATO member and partner nations. Conference Call Details Red Cat will host a live webcast and conference call to discuss the third quarter 2025 earnings at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) on November 13, 2025. Those wishing to participate via the webcast should access the call through the Investor Relations sections of the Red Cat website. Those wishing to participate via the telephone may dial in at 1-844-413-3977 (USA) or 1-412-317-1803 (International). The webcast replay will be available through the Investor Relations section of the Company’s website. About Red Cat Holdings, Inc. Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Its Family of Systems, led by Black Widow™, delivers unmatched tactical capabilities in small, unmanned aircraft systems (sUAS). Expanding into the maritime domain through Blue Ops, Inc., Red Cat is also innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Learn more at www.redcat.red. Forward Looking Statements This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to our intended use of proceeds from the offering, annual revenue guidance, future manufacturing capacities and future market demand. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-KT filed with the Securities and Exchange Commission on March 31, 2025. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law. Contact: INVESTORS: Ankit Hira Solebury Strategic Communications for Red Cat Holdings, Inc. E-mail: [email protected] NEWS MEDIA: Phone: (347) 880-2895 Email: [email protected]

Record quarterly revenue of $10.1 million in Q3; a more than 6-fold increase YoY and 60% growth QoQ With a pro-forma cash balance of $840.4 million, we believe Ondas has one of the strongest balance sheets in the industry Ondas is effectively deploying capital through acquisitions and investments highlighted by Sentrycs, Apeiro Motion, 4M Defense, and Rift Dynamics 2025 revenue target increased to at least $36 million; establishing preliminary revenue target of at least $110 million for 2026 Conference Call Scheduled for Today at 8:30 a.m. ET BOSTON, MA / ACCESS Newswire / November 13, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, reported financial and operating results for the third quarter ended September 30, 2025. "Ondas delivered a record quarter with $10.1 million in revenue, highlighted by sustained growth momentum at OAS amid a powerful demand cycle for our unmanned platforms," said Eric Brock, Chairman and CEO of Ondas Holdings. "I continue to be pleased with the execution of our core growth plan, led by our Iron Drone Raider and Optimus System platforms, and supported by the expansion of our senior leadership team at OAS which is helping to ensure we have the scalable infrastructure to sustain rapid growth in the years ahead. At the same time, our strategic program continues to advance, creating a deep and maturing pipeline of opportunities for the quarters and years ahead." "Our strategic growth plan is advancing and is benefiting from strong investor support as evidenced by the significant capital we've raised since June. Our pipeline is expanding and rapidly maturing, highlighted by the acquisition of Sentrycs scheduled to close this month, which we believe will strengthen our layered counter-UAS capabilities, and the acquisition of Apeiro Motion, which establishes a strong initial position in ground robotics tailored for defense and critical infrastructure markets. Similarly, the acquisition of 4M Defense adds a multi-domain robotics and ISR capability, opening a large subsurface intelligence and demining market with significant unmet demand that is now being addressed by OAS." "We believe these newly acquired companies bring exceptional platforms, leadership talent, and new customer relationships that expand our capabilities and reinforce our position as a leading global provider of next-generation defense and security technologies. Together, they support the buildout of a scalable operating platform designed to deliver sustainable growth, operating leverage, and long-term profitability." "The establishment of Ondas Capital and our expanding partnerships in Europe and Ukraine further strengthen our strategic footprint. We believe these initiatives, together with our investment in and partnership with Rift Dynamics, will advance our localization efforts across Europe and ensure Ondas is positioned to grow in these large and strategically important markets. With what we believe to be one of the strongest balance sheets in the industry, Ondas has demonstrated its ability to deploy capital effectively to drive growth, scale operations, and build a robust financial model characterized by increasing operating leverage and a clear path toward profitability." "At Ondas Networks, we continue to position our dot16 platform as the rail industry's primary roadmap for private network modernization in North America. We were pleased to see the AAR's Wireless Communications Committee formally declare dot16 as the upgrade path for the legacy 160 MHz network, joining the 900 MHz and 450 MHz networks where dot16 has already been adopted. In parallel, multiple Class 1 railroads have begun engaging with us to develop in-field pilots for new critical applications, reinforcing the long-term strategic value of the Ondas Networks platform." "We are doing what we said we would do, when we laid out our core-plus-strategic growth plan at our OAS Investor Day in July. This plan is supported by an exceptionally strong financial position and a growing institutional investor base. With record customer activity, a growing backlog, and increasing visibility, we are building a highly scalable platform at Ondas. We expect to exit 2025 with a record backlog and clear visibility on significant revenue growth into 2026 and beyond," Brock concluded. Third Quarter 2025 and Recent Highlights - Ondas Holdings Raised approximately $855 million in 2025 through four equity offerings and warrant and option exercises, transforming the balance sheet and providing significant capital to support the Company's expanded business plan. Launched Ondas Capital Inc. ("Ondas Capital"), a new advisory service and strategic investment management service platform established to deploy $150 million in capital to advance a Technology Bridge strategy connecting dual-use, combat-proven unmanned and autonomous technologies originating in Ukraine to the United States and Europe. The initiative aims to localize production, accelerate commercialization, and scale proven platforms, strengthening Allied industrial capacity and establishing a sustainable financial framework for integrating next-generation defense technologies across key markets. Appointed James Acuna, former senior CIA operations officer and founder of the Baltic Ghost Wing Center of Excellence, as Chief Operating Officer of Ondas Capital to lead the initial investment and partnership program. Appointed Mark Green, former Head of Technology Investment Banking at Ladenburg Thalmann, as Head of Corporate Development and M&A, supporting strategic growth initiatives across Ondas Holdings, OAS, Ondas Networks, and Ondas Capital. Appointed Brigadier General Patrick Huston, U.S. Army (Ret.), as General Counsel of Ondas Holdings. A former OAS advisor, General Huston brings over 35 years of military, legal, and technology leadership, including senior roles with the 101st Airborne Division, JSOC, and U.S. Central Command. His deep expertise in defense procurement, regulatory affairs, and autonomous systems strengthens Ondas' legal and strategic capabilities as the Company expands its global defense and security operations. Announced a strategic investment in Rift Dynamics AS, a Norway-based defense technology company developing low-cost, attritable drone systems for Allied defense markets. Participated as a strategic investor in offerings by Kopin Corporation, LightPath Technologies, and Safe Pro Group, reinforcing Ondas' engagement with the broader defense and sensing technology ecosystem. Hosted the inaugural Nantucket Defense Tech Summit, convening emerging technology vendors, supply chain partners, and institutional investors to advance collaboration and investment in next-generation defense and autonomous systems. Third Quarter 2025 and Recent Highlights - Ondas Autonomous Systems (OAS) Generated approximately $10.0 million in revenue during the third quarter of 2025, representing a more than 8-fold increase from the same period in 2024. OAS backlog reached $22.2 million as of September 30, 2025, up from $20.7 million at the end of Q2, reflecting continued global demand for the Optimus and Iron Drone platforms. Completed multiple government-led counter-UAS pilot programs in Europe and Asia, validating the Iron Drone Raider's superior performance in GPS-denied and complex environments and paving the way for long-term homeland security C-UAS infrastructure deployments. Secured a $2.7 million order from a major defense customer for Iron Drone Raider for multiple units. Secured a $3.5 million order from a leading defense entity for Apeiro's rugged UGVs and modular payloads, strengthening OAS' position in the global ground robotics market. Secured GreenUAS Cleared List certification for the Optimus drone, positioning the system for Department of War Blue List inclusion as a trusted, NDAA-compliant autonomous platform. Appointed Maj. Gen. (Ret.) Yoav Har-Even, former CEO of Rafael Advanced Defense Systems, to the OAS Advisory Board, adding exceptional global defense leadership and operational experience to guide the scaling of OAS operations and support the Company's strategic acquisition program. Appointed Brig. Gen. (Res.) Yaniv Rotem to the OAS Advisory Board, formally launching an advisory board and reinforcing high-level defense R&D and innovation guidance. Appointed Dr. Irit Idan to the OAS Advisory Board, bringing deep expertise in AI, robotics and defense innovation to support OAS' technology and strategic roadmap. Iron Drone Raider was selected by Securiton Germany, a leading integration partner to the German Armed Forces and other critical security operators, following successful system integration and demonstrations conducted in Germany by Airobotics. The joint demonstrations showcased Iron Drone's advanced counter-UAS capabilities and seamless interoperability within Securiton's defense and security frameworks. American Robotics participated in CUAS - IDICE 2025, an international counter-UAS exercise organized by UAS Norway in cooperation with INTERPOL, showcasing the combat-proven Iron Drone Raider system to global defense, homeland security, and law-enforcement leaders. Established strategic partnership with Rift whereby American Robotics secured exclusive U.S. distribution rights for Rift's Wåsp attritable FPV drone platform. An initial order was placed for 500 units of the Wåsp to support its launch in the U.S. defense market. Expanded the Rift partnership to include Nammo Raufoss AS ("Nammo"), a leading munitions manufacturer with strong U.S. operations, enabling a fully integrated warhead solution for the Wåsp strike drone for defense customers in the U.S. Entered into a definitive agreement with Sentrycs, an Israeli counter-UAS company specializing in RF-based drone detection, identification, and mitigation technologies. We believe Sentrycs' systems will provide passive, signal-intelligence-driven protection against intruder drones, complementing Iron Drone Raider and expanding OAS' layered counter-UAS architecture across detection, interception, and electronic defense. Acquired Apeiro Motion (Apeiro), an Israeli robotics innovator developing advanced unmanned ground vehicles (UGVs), quadrupedal robots, and fiber-optic communication spools for radio-independent UAV and UGV operations expanding OAS' multi-domain autonomy portfolio. Acquired a controlling interest in 4M Defense, a specialized land intelligence and demining company focused on autonomous robotics and AI-driven subsurface mapping for landmine, IED, and UXO detection and clearance. The acquisition extends OAS' Continuum of Autonomy into subsurface operations, adding humanitarian and defense-grade demining capabilities. Acquired a controlling interest in S.P.O. Smart Precision Optics (SPO), an Israeli manufacturer of advanced precision optical components and systems. The acquisition expands OAS' core capabilities in high-end electro-optics supporting missile defense, high-power laser, and counter-drone applications. Acquired a controlling interest in Insight Intelligent Sensors, adding AI-powered electro-optical and situational-awareness technologies that deliver sensor performance comparable to top tactical systems seamlessly integrated across air, ground, and maritime domains. Launched a new line of combat-proven, NDAA-compliant Made-in-the-USA fiber-optic spools based on Apeiro's products for drones and ground robotics. Production will begin at American Robotics in Q4 2025, delivering secure, jam-proof connectivity for defense and homeland security missions. We believe the spools' proven battlefield performance, U.S.-sourced materials, and proprietary packing process position them as the most reliable fiber-communications solution for multi-domain operations. "Business continues to strengthen at OAS, supported by the addition of exceptional talent as we invest in our leadership foundation designed for scale," said Oshri Lugassy, Co-CEO of OAS. "We are aligning the new capabilities provided by Apeiro, SPO, Insight, Sentrycs, and 4M Defense into a single, integrated operating model that amplifies both our technological impact and market reach. This integration is unlocking meaningful cross-domain opportunities-linking air, ground, and sensing systems under one unified vision-while enhancing efficiency and accelerating innovation across the organization." "We are positioning OAS in front of a major demand curve for our autonomous systems. We believe the protection of critical infrastructure and borders in the U.S. and Europe is an urgent and growing priority, and OAS is exceptionally well positioned to meet that need. Our market strength will be further enhanced by the addition of Sentrycs, which we belive will enable us to offer a truly layered counter-UAS solution suite combining detection, cyber-control, and kinetic interception under one integrated architecture." "Across both our go-to-market and product development efforts, we are focused on execution, collaboration, and operational excellence," Lugassy continued. "OAS is executing a disciplined growth strategy-expanding deployments, increasing manufacturing capacity, and deepening strategic engagements across key global markets. We remain on track for a record year in 2025 and are building the foundation for significant, sustained expansion in the years ahead." Third Quarter 2025 and Recent Highlights - Ondas Networks The Association of American Railroads (AAR) Wireless Communications Committee (WCC) announced in September that IEEE 802.16t ("dot16") will serve as the upgrade path for the legacy 160 MHz LMR voice network, joining the 900 MHz and 450 MHz networks where dot16 has already been formally adopted. The WCC decision on 160 MHz now positions Ondas Networks for a multi-year upgrade cycle across all AAR-owned frequencies, covering thousands of miles of railroad infrastructure throughout North America. Several railroads including two Class 1 railroads have immediately engaged with Ondas Networks to develop in-field, Proof of Concept (POC) application testing of dot16 over the 160 MHz network to address telecommunications, signaling and general operational issues. Three POCs are being prepared for deployment on three different properties in Q4 2025 and Q1 2026. Recent security bulletins from Cybersecurity and Infrastructure Security Agency highlighting vulnerabilities in legacy Head-of-Train/End-of-Train (HoT/EoT) technology have accelerated industry efforts to finalize the Next-Generation HoT/EoT (NGHE) Generation 4 specifications in 2026, which will incorporate Ondas' 802.16t Direct-Peer-to-Peer protocol. A Class 1 railroad that had previously deployed 900 MHz equipment on a subdivision in the Chicago area to meet the Federal Communications Commission's deadline for the move to the new A Block has now transitioned its complete installation of base stations and wayside devices to IEEE 802.16. This enables the general-purpose network capabilities of dot16 and allows connecting wayside devices such as hotbox detectors to the dot16 network. Ondas Networks continues to expand the ecosystem for dot16-enabled applications for all dot16-enabled networks. Third-party dot16 enabled applications enjoy end-to-end bi-directional communications over the railroads' existing networks, including both data uploads to the back office and remotely initiated software maintenance activities, enabling the elimination of expensive cell modem connections and costly field maintenance visits. Contractual adjustments are being finalized to accommodate the current tariff environment between the United States and India. This change allows Ondas to commence the production of radio boards destined to the Indian market with first commercial deliveries in early 2026. Markus Nottelmann, Chief Executive Officer of Ondas Networks, commented, "We are encouraged by the broadening industry acceptance of dot16 across all AAR-owned spectrum bands, and especially by the enthusiasm from multiple Class 1 railroads for the opportunities emerging in the 160 MHz network. The Proof-of-Concept programs we have co-designed with our railroad partners-scheduled to launch on three separate properties in Q4 2025 and early 2026-represent important milestones that we expect will lead to full productization and commercialization in 2026." "As we continue to expand the ecosystem of dot16-enabled third-party applications, we remain focused on delivering near-term value through our existing product lines," Nottelmann continued. "We are on track to deliver new Advanced Civil Speed Enforcement System radios for the Northeast Corridor and next-generation Head-of-Train systems for the Indian market in Q4 2025. These efforts reflect our commitment to execution and customer success while positioning Ondas Networks at the center of next-generation rail communications and safety systems." Third Quarter 2025 Financial Summary Ondas reported revenues of $10.1 million for the third quarter of 2025, a 582% increase from $1.5 million in the third quarter of 2024. This significant increase was primarily driven by ongoing deliveries of Iron Drone and Optimus systems under contracts with military and public safety customers and revenue from the recent Apeiro Motion acquisition. Gross profit rose to $2.6 million compared to $0.05 million in the third quarter of 2024. This resulted in a gross profit margin of 26% in the third quarter of 2025 versus 3% in the third quarter of 2024. This improvement is the result of increased revenues absorbing more of the fixed operations costs. Gross margins are expected to fluctuate on a quarter-to-quarter basis depending on the mix of revenue. Operating expenses increased by $9.4 million to $18.1 million, up from $8.7 million in the third quarter of 2024. Approximately $5.0 million of the increase relates to non-cash stock compensation expenses. Approximately $4.4 million of the increase relates to cash operating expense due to increased payroll costs to build out the OAS and corporate management teams supporting the expected continued scaling of business operations and revenue growth, as well as for legal and other professional services related to our acquisition program and other strategic initiatives. A reconciliation of cash operating expenses, a non-GAAP measure, is provided in the attached financial tables. Operating loss was $15.5 million, compared to $8.7 million in the third quarter of 2024, primarily due to the increase in operating expenses partially offset by the increased gross profit. Net loss was $7.5 million, compared to $9.5 million in the third quarter of 2024, which included an increase of $2.0 million in interest and dividend income from the increased cash balance, as well as a $6.9 million unrealized gain on minority equity investments made during the third quarter. Adjusted EBITDA was a loss of $8.8 million, compared to $7.1 million in the third quarter of 2024. A reconciliation of Adjusted EBITDA, a non-GAAP measure, is provided in the attached financial tables. Balance Sheet and Cash Flow Ondas ended the third quarter of 2025 with $433.4 million in cash, cash equivalents and restricted cash, compared to $30.0 million as of December 31, 2024. Pro forma cash balances were approximately $840.4 million, adjusted for the $407.0 million in net proceeds raised in an equity offering on October 7, 2025 and before cash used for operations and to finance acquisitions and investments in Q4 2025. Cash flows from financing activities in the nine-months ended September 30, 2025 was $448.2 million, were provided through various equity offerings, as well as through the exercise of warrants and options. Cash used in investing activities was $18.7 million. Cash used in operating activities was $26.0 million in the current period compared to $25.4 million in the first nine months of 2024. Convertible debt outstanding, net of issuance costs, was $9.5 million as of September 30, 2025, a significant decrease from $52.7 million as of December 31, 2024. The decrease was driven by the conversion of all of the holding-company convertible debt into equity. The remaining convertible debt is convertible into shares of subsidiary companies. As a result of the financing activities and the debt conversions, total shareholders' equity increased to $487.2 million as of September 30, 2025, an increase of $470.6 million from $16.6 million as of December 31, 2024. Operational and Financial Outlook The Company continues to experience strong growth in 2025 and now expects to generate revenue of at least $36 million for the year, an increase from the prior target of at least $25 million. This new revenue target reflects continued strong performance of Ondas' core OAS business and the addition of newly acquired businesses since the beginning of the second quarter of 2025. This outlook is supported by results to date and the $23.3 million in consolidated backlog at the end of Q3 2025, as well as visibility on expected production and delivery schedules with customers. Revenue expectations for Ondas Networks are modest given the delayed ramp in network deployments from the Class I Railroads. The Company expects to end the year with record backlog positioning Ondas for continued strong growth into 2026. The Company has established a preliminary revenue target of at least $110 million for 2026. Bookings and revenue growth are expected to fluctuate from quarter-to-quarter given the variability around both expected orders associated with program expansion with existing customers, as well as the timing of the addition of new customers at OAS, and the timing of rail network buildouts for Ondas Networks. Earnings Conference Call & Audio Webcast Details An earnings conference call is scheduled for today, November 13, 2025, at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time). and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event here and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event. Date: Thursday, November 13, 2025 Time: 8:30 a.m. Eastern Time Toll-free dial-in number: 844-883-3907 International dial-in number: 412-317-5798 Call participant pre-registration link: here The Company encourages listeners to pre-register, which allows callers to gain immediate access and bypass the live operator. Please note that you can register at any time during the call. For those who choose not to pre-register, please call the conference telephone number 10-15 minutes prior to the start time, at which time an operator will register your name and organization. About Ondas Holdings Inc. Ondas Holdings Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems and private wireless solutions through its business units Ondas Autonomous Systems (OAS), Ondas Capital and Ondas Networks. Ondas' technologies offer a powerful combination of aerial intelligence and next-generation connectivity to enhance security, operational efficiency, and data-driven decision-making across essential industries. OAS delivers a portfolio of AI-powered defense and security platforms that are deployed globally to safeguard sensitive locations, populations, and infrastructure. Through its subsidiaries American Robotics, Airobotics, and Apeiro Motion, OAS offers the Optimus System-the first U.S. FAA-certified small UAS for automated aerial security and data capture-the Iron Drone Raider-an autonomous counter-UAS platform-and Apeiro's advanced ground robotics and tethered UAV systems, supported by innovative navigation and communications technologies. Ondas Capital plans to combine advisory services and strategic investment management services to accelerate the rapid scaling and global deployment of unmanned and autonomous systems to Allied defense and security markets. Ondas Networks provides software-defined wireless broadband technology through its FullMAX platform, based on the IEEE 802.16t standard. This standards-based system delivers high-performance connectivity for mission-critical IoT applications in markets such as rail, utilities, oil and gas, transportation, and government. For additional information on Ondas Holdings: www.ondas.com, X and LinkedIn For Ondas Autonomous Systems: LinkedIn For Airobotics: www.airoboticsdrones.com, X and LinkedIn For American Robotics: www.american-robotics.com, X and LinkedIn For Apeiro Motion: www.apeiro-motion.com, LinkedIn For Ondas Networks: www.ondasnetworks.com, X and LinkedIn Non-GAAP Financial Measure As required by the rules of the Securities and Exchange Commission ("SEC"), we provide a reconciliation of Adjusted EBITDA and cash operating expenses, the non-GAAP financial measures, contained in this press release to the most directly comparable measures under GAAP, which reconciliations are set forth in the tables below. We believe that Adjusted EBITDA and cash operating expenses facilitate analysis of our ongoing business operations because such measures exclude items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. Other companies may calculate Adjusted EBITDA and cash operating expenses differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA and cash operating expenses should only be used as supplemental measures of our operating performance. We believe that Adjusted EBITDA improves comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments as set out in the table below, which management has determined are not reflective of core operating activities and thereby assist investors with assessing trends in our underlying businesses. We believe that cash operating expenses improve comparability from period to period by removing the impact of depreciation, amortization and stock-based compensation as set out in the tables below, which management has determined are not reflective of core operating expenses and thereby assist investor with assessing trend in our underlying business. Management uses Adjusted EBITDA and cash operating expenses in making financial, operating, and planning decisions and evaluating the Company's ongoing performance. Forward-Looking Statements Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law. Contacts IR Contact for Ondas Holdings Inc. 888.350.9994 [email protected] Media Contact for Ondas Escalate PR [email protected] Preston Grimes Marketing Manager, Ondas Holdings Inc. [email protected]   ONDAS HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)   ONDAS HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)   ONDAS HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)   ONDAS HOLDINGS INC. RECONCILIATIONS OF ADJUSTED EBITDA (Unaudited) (1) Other (income) expense, net includes interest and dividend income, unrealized gain on investments, interest expense, foreign exchange gain (loss), net, change in fair value of government grant liability, and other income (expense), net included on the Company's Condensed Consolidated Statements of Operations. ONDAS HOLDINGS INC. RECONCILIATIONS OF CASH OPERATING EXPENSES (Unaudited) SOURCE: Ondas Holdings Inc. View the original press release on ACCESS Newswire

Company Gains Traction in Defense and National Security Sector for its Patented Safe Pro Object Threat Detection (SPOTD) Technology for Battlespace Awareness AVENTURA, Fla., May 15, 2025--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI)-driven security solutions, today provided a first quarter 2025 corporate update. "Q1 2025 marked the beginning of a transformative phase for Safe Pro Group as we gained meaningful traction with U.S. government stakeholders. Interest in our Safe Pro Object Threat Detection platform has accelerated, resulting in multiple joint bid preparations alongside leading Department of Defense prime contractors. This development directly aligns us with the Defense Department’s proposed multi-billion-dollar initiative to expand drone deployment across the armed forces. With over two years of proven, battle-tested performance, we believe Safe Pro is uniquely positioned to capture a significant share of this emerging defense technology market while advancing our role in next-generation threat detection and battlefield modernization," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. The Evolving Battlefield Requires New Threat Detection Technologies As current conflicts like the war in Ukraine have shown, the future battlefield will be shaped by the increasing usage of lethal small drone threats, landmines, anti-personnel devices, and cluster munitions. Whether related to new battlefield tactics such as remote mining where drones are strategically delivering small mines or the result of countries exiting the Ottawa Convention on anti-personnel landmines, the result will certainly lead to an increased proliferation of deadly explosive threats. The Company believes these trends are increasingly being recognized by today’s military leadership and has high confidence in the capabilities of its Safe Pro Object Threat Detection (SPOTD) technology which is purpose-built for this evolving environment — leveraging drone-collected visual data to pin-point potential threats in real-time, providing soldiers of today, and in the future, with potentially life-saving domain awareness. Setting the Agenda for Domain Awareness on the Future Battlefield During the first quarter, the Company’s team successfully completed a series of high-level briefings with key officials at the U.S. Department of Defense (DoD), leading DoD Prime Contractors, and participated in multiple on-base presentations discussing the future of soldier safety and battlefield awareness using AI-powered drone-based imagery processing. During these briefings the Company conducted in-depth technical briefings centered around its proprietary SPOTD platform and its relevance to both domestic (CONUS) and overseas (OCONUS) missions. Safe Pro had the privilege of meeting with senior leaders from the U.S. Army and tier-one defense contractors, sharing not just theoretical capabilities, but real-world results—specifically, how SPOTD is actively supporting government and humanitarian operations in Ukraine with landmine and unexploded ordnance (UXO) detection and remediation. At these meetings, the Company had direct access to senior military and prime contracting decision-makers involved with procuring critical enabling technologies which will be required to support the future of military situational awareness – from force protection to C6ISR. Unlike traditional technology briefings, Safe Pro’s presentations were grounded in field-proven data, providing clear demonstrations of how SPOTD enhances situational awareness in actual operational environments. The direct access granted—and the feedback received from military and industry leaders—underscored the urgency and value of the Company’s solutions. These meetings confirmed three key takeaways that set SPOTD apart: First Quarter and Recent Developments Supporting Safe Pro’s efforts to engage the armed forces, it is actively leveraging its operational milestones including: Built on nearly three years of actual usage in Ukraine, Safe Pro has created one of the world’s largest datasets of landmine and UXO, an asset that unlocks a new high margin revenue stream for the Company which it has begun to monetize with prime contractors and government agencies with its first data delivery in April. Entered Memorandum of Understandings (MOUs) with Ukraine’s National Center of Excellence for Mine Action and Environmental Security, Ukraine’s leading grain export and agricultural organization NIBULON Ltd., and a leading University, the Igor Sikorsky Kyiv Polytechnic Institute. Through these relationships, many of Ukraine’s leading commercial and governmental stakeholders have indicated a desire to work to integrate Safe Pro’s patented AI-powered image processing technology, SpotlightAI™, into their demining methodologies and training programs as they seek to modernize the nation’s approach to landmine detection and clearance. In Q1 SpotlightAI™ surpassed 1.3 million real-world image processing milestone detecting over 23,000 explosive threats. "Safe Pro is entering an exciting new growth phase in its ongoing mission - one where we are leveraging our portfolio of technologies to modernize and improve the safety of personnel, whether they are soldiers on the battlefield, law enforcement in our communities, or conducting humanitarian missions around the world protecting civilians from the threats of landmines. We are pleased with the progress and execution of our teams and are confident in the potential for significant growth ahead of us," concluded Mr. Erdberg. Investors are encouraged to refer to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the Securities and Exchange Commission. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook, X and Instagram. 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 within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Forward-looking statements in this press release include, without limitation, Safe Pro’s ability to obtain definitive agreements for its SPOTD platform and to convert its MOUs into definitive agreements. 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 under Item 1A. in the Company’s most recently filed Form 10-K and updated from time to time in the Company’s Form 10-Q filings and in other 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/20250515968345/en/ Contacts Media Relations for Safe Pro Group Inc.: [email protected] Investor Relations for Safe Pro Group Inc.: [email protected]

SpotlightAI™ Drastically Increases Efficiency in Analyzing a 70 Hectare Plot of Farmland Contaminated by Explosives Supporting the Restoration of Ukraine’s Vital Agricultural Production AVENTURA, Fla., April 29, 2025--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI)-driven security solutions, today announced the completion of its single largest drone-based agricultural survey reaching a new milestone in partnership with NIBULON Ltd., Ukraine’s leading grain exporter and agricultural organization. The project leveraged Safe Pro’s patented SpotlightAI™ artificial intelligence platform running on Amazon Web Services (AWS) Cloud infrastructure to rapidly analyze 70 hectares of farmland contaminated by explosive threats—achieving a 366x increase in efficiency compared to traditional human analysis. Key Highlights: 40,309 photos analyzed by AI for deadly explosive threats by SpotlightAI™ with over 77 confirmed detections SpotlightAI™ performed 366x faster in locating detections using AI-powered image analysis vs. human-based image analysis of individual images (estimated at 3 minutes per image) AI-assisted analysis powered by AWS hypercompute completed analysis in 5.5 hours (including human quality control) in comparison to an estimated 252 workdays (8hrs./day) if performed by a human analyst 70 hectares (larger than 52 NFL-sized football fields) of farmland surveyed by commercially available, off-the-shelf drones in less than 8 hours This milestone marks one of the largest agricultural drone-based demining projects ever completed using AI technology, positioning Safe Pro Group at the forefront of the emerging global demining technology market. The completed survey is the latest strategic development in Safe Pro’s multi-year Memorandum of Understanding (MOU) with NIBULON and underpins the growth opportunity for SpotlightAI™ in helping restore Ukraine’s massive contaminated farmland—a key driver for its national economic recovery and global food security. "The impressive results of our largest survey project with NIBULON clearly demonstrates SpotlightAI™’s disruptive potential to transform humanitarian demining, agricultural restoration, and infrastructure rebuilding in Ukraine and in other post-conflict zones worldwide," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. "We are proud to work alongside of NIBULON to address the unprecedented scope of contamination in Ukraine’s farmland. Our AI-powered drone imagery analysis platform can significantly compress demining surveying time from years to months, drastically lowering costs, mitigating risk, and enabling accelerated land release for critical industries like agriculture and mining." According to NASA Harvest, the war in Ukraine has caused the abandonment of between 5.2 and 6.9 million acres of farmland costing Ukraine around $2 billion in lost crops in 2023 – lost production that could have fed more than 25 million people for an entire year. The enormous area of land, located along the front lines of the war and in areas that have recently been retaken by Ukraine, can be potentially surveyed by SpotlightAI™ to determine the precise location of mines and UXO. NIBULON is one of the leaders in Ukrainian grain exports and agricultural production through partnerships with more than 4,500 Ukrainian agricultural producers, who together supply high-quality agricultural products to 76 countries worldwide through its vast rail transportation fleet and 83 vessels built in its own shipyard. In Ukraine, an area estimated to exceed 138,503 km2 (Source: Ministry of Economy of Ukraine) (roughly equivalent to the area of the State of North Carolina) is potentially contaminated by landmines and UXO. Utilizing existing methodologies, it could take more than a decade and cost more than $30 Billion (The World Bank, The Ukraine Rapid Damage and Needs Assessment, February 2025), to survey and clear the contaminated land in Ukraine. Safe Pro’s proprietary AI models have analyzed more than 1,290,679 drone images in Ukraine, pinpointing over 23,286 explosive remnants of war (ERW) across 5,338 hectares (over 13,190 acres). Operating at lightning speed on the AWS cloud, SpotlightAI™ analyzes each drone image in a fraction of a second. In contrast, traditional human analysis can take several minutes per image-a process that could span decades if done manually. The SpotlightAI™ software ecosystem utilizes advanced machine learning (ML) models for small object detection and data reporting built on an extensive proprietary dataset capable of rapidly identifying and locating 150+ types of land mines and UXO. Operating locally for rapid object detection and locating, or through the hyper scalability of the AWS Cloud, SpotlightAI™ can process massive amounts of sub-centimeter-level drone imagery, providing customers with unique flexibility based on evolving operational needs. Enhanced with the hyper scalability of the AWS cloud, SpotlightAI™ can securely generate detailed, high-resolution orthomosaic maps highlighting objects of interest and can plot detection results on customizable, GPS-tagged, sub-centimeter-level, high resolution 2D and enhanced, interactive 3D maps. These maps can provide a "bird’s-eye view" of the surveyed area, delivering enhanced situational awareness for planning clearing and land release efforts by local governments and humanitarian aid organizations. For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook, X and Instagram. 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 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/20250429861079/en/ Contacts Media Relations for Safe Pro Group Inc.: [email protected] Investor Relations for Safe Pro Group Inc.: [email protected]