09:00 AM EST, 11/21/2024 (MT Newswires) -- Safe Pro Group ( SPAI ) said Thursday that it has signed a memorandum of understanding with a US prime contractor that specializes in threat detection solutions for government stakeholders.

The company said the collaboration will focus on US, EU, and NATO contracts, utilizing AI-powered drone imagery processing technology.

It said the partnership includes opportunities for joint product development and government-funded R&D projects.

Additionally, Safe Pro ( SPAI ) reported a purchase order for landmine and unexploded ordnance imagery from a US subcontractor, which will be fulfilled by its AI unit over a five-month period.

Shares of the company were up nearly 90% in recent premarket activity.

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