BUZZ-Safe Pro rises on receiving first patent for drone imagery technology

Reuters

2024-11-20

** Drone image processing software maker Safe Pro's shares rise 14.8% to $2.64 in premarket trading

** Co received first patent from USPTO to detect and locate explosives utilizing image analysis powered by artificial intelligence

** Also secured IP protection for all 21 claims made in the patent, which is valid until 2043

** SPAI's cloud-based platform utilizing machine learning to identify landmine and unexploded ordnance in drone imagery currently deployed in Ukraine

** Co closed its IPO of ~1 mln shares at $5/share in August

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))

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