- SPAI Ventures is a wholly owned subsidiary of Safe Pro Group Inc., that was established to pursue both strategic collaborations and investments with Ukrainian and other international tech developers.
- The company plans to create a collaborative framework to accelerate growth in defense tech, fostering innovation, and creating optimal conditions for technological advancement.
- Through SPAI Ventures, Safe Pro Group Inc. will evaluate opportunities in which to invest or to commercialize technologies that it believes could complement the capabilities of its portfolio of AI and ballistic protective solutions.
Safe Pro Group Inc. (NASDAQ: SPAI), a developer of AI-powered security and defense solutions, recently announced the formation of a wholly-owned subsidiary called SPAI Ventures (https://nnw.fm/etmPK). This unit was established to evaluate and pursue strategic partnerships and investments with technology developers from the Ukraine and other international markets.
Together with Ukrainian entrepreneurs, defense professionals, and other local stakeholders, SPAI Ventures is creating a collaborative framework with the goal of accelerating growth in defense tech, fostering better innovation, and creating the right conditions for technological advancement.
SPAI Ventures is also intended to support Safe Pro’s existing portfolio which includes the patented Safe Pro Object Threat Detection (“SPOTD”) AI image analysis and detection platform, as well as the company’s ballistic protection solutions.
Safe Pro believes that blending the company’s AI capabilities alongside battle-tested hardware and software solutions can help it better meet the evolving needs and requirements of US and NATO defense customers, governments, and humanitarian organizations.
The formation of the company also comes after interest from both US and UK defense stakeholders in technologies that have undergone real-world operational use in Ukraine.
The SPOTD technology has been used in operational environments throughout Ukraine for nearly three years, and has analyzed over 2.4 million images, identified well over 43,000 threats, and has covered around 29,300 acres of land.
In addition, according to reports out of Washington, D.C., the US may be re-evaluating its policy against the use of anti-personnel mines, while also seeking methods to reduce the risk of harm to non-combatants, which is something Safe Pro is well-equipped to help with.
Safe Pro expects to use SPAI Ventures to evaluate investment, integration, and commercialization opportunities that it believes can improve the performance, scalability, and market applicability of the company’s solutions. SPAI Ventures will be headquartered in the USA, but may operate in the Ukraine through local representation.
Speaking about the announcement, Safe Pro Group Chairman and CEO, Dan Erdberg, said that “SPAI Ventures is intended to allow us to build on our operational experience and extensive relationships in the region while remaining disciplined and selective in how we pursue potential opportunities. We believe this approach is consistent with our strategy of expanding Safe Pro’s capabilities while managing risk and maintaining capital flexibility.”
About Safe Pro Group Inc. (NASDAQ: SPAI)
Safe Pro Group is a tech company that’s delivering AI-powered security and defense solutions for customers in a variety of industries including homeland security, law enforcement, humanitarian, and more. The company’s computer vision technology helps organizations rapidly detect and identify small objects like landmines in drone video and images, to ensure field operations are safe and more efficient.
For more information, visit the company’s website at www.SafeProGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://nnw.fm/SPAI
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
[email protected]
NetworkNewsWire is powered by IBN
