Shares of Safe Pro Group Inc. (NASDAQ: SPAI) experienced a notable increase, climbing 25.11% to close at $2.94, following the announcement of its product mobilization for emergency services. This development comes in light of Hurricane Milton, prompting heightened demand for disaster response capabilities.
Mobilization of Airborne Response
Safe Pro (SPAI) revealed that its subsidiary, Mission Critical Unmanned Solutions, has been activated by Florida’s largest power utility operator under an emergency services contract. In response to Governor Ron DeSantis’s declaration of a widespread state of emergency across 51 of Florida’s 67 counties, Airborne Response is deploying its uncrewed aircraft systems (UAS) teams. With over 120 trained pilots on standby, the subsidiary is prepared to assess storm damage and support utility restoration efforts following the hurricane’s landfall.
Threats Posed by Hurricane Milton
Hurricane Milton is anticipated to bring life-threatening conditions to Florida’s Gulf Coast, including high winds, significant storm surges, and heavy rainfall, which may lead to flash flooding. Under a recently extended multi-year contract, Airborne Response’s flight teams will leverage UAS technology to evaluate the state of power lines and poles, aiding utility crews in their restoration efforts.
A Proven Track Record in Disaster Response
Airborne Response has been instrumental in disaster management within Florida for nearly a decade, conducting over 500 drone flights during the recovery phase of Category 4 Hurricane Ian, which generated nearly $1 million in revenue. The current hurricane season has proven particularly challenging, with storms developing rapidly, necessitating the expansion of Airborne’s rapid response crews to support critical infrastructure partners and clients.
Commitment to Community Safety
Safe Pro remains dedicated to the safety of communities potentially affected by Hurricane Milton. The company is focused on aiding recovery efforts with its rapid response teams, emphasizing its commitment to restoring essential services swiftly and safely.
Airborne Response’s clientele includes major energy, telecommunications, and insurance companies throughout Florida, underscoring its pivotal role in the region’s disaster response ecosystem. As it continues to onboard new customers for on-demand disaster drone services, Safe Pro is poised to enhance its support during this critical time.