Safe Pro Group Authorizes $3 Million Share Repurchase Program Citing Confidence in AI Defense Technology

Safe Pro Group Inc. (NASDAQ: SPAI) announced that its board of directors has authorized a share repurchase program of up to $3.0 million of the company's outstanding common stock over the next year. The company cited confidence in its strategy, AI-enabled defense and security technology platform, and long-term growth opportunities as the rationale behind this decision. This move signals management's belief that the company's shares represent an attractive investment opportunity at current market valuations.

The company stated that repurchases may be made from time to time based on market conditions and other considerations through open-market or privately negotiated transactions and other permitted methods. The program will be funded by existing cash, cash equivalents, or future cash flows, while maintaining financial flexibility to support organic growth and strategic initiatives. This balanced approach allows Safe Pro Group to return value to shareholders while continuing to invest in its core business operations and expansion plans.

Safe Pro Group is a mission-driven technology company delivering AI-enabled security and defense solutions through cutting-edge platforms like SPOTD. The company provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. As a leading provider of artificial intelligence solutions specializing in drone imagery processing, Safe Pro leverages commercially available off-the-shelf drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats.

The company's technology provides a 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 targets multiple markets including commercial, government, law enforcement and humanitarian sectors. The company's Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services work in synergy to deliver safety and operational efficiency across these diverse applications.

The share repurchase program represents a strategic financial decision that aligns with the company's growth trajectory and technological advancements in the defense and security sector. By authorizing this program, Safe Pro Group demonstrates its commitment to creating shareholder value while continuing to develop its AI-enabled solutions for global security challenges. The company maintains that this action reflects its strong financial position and confidence in future prospects as it continues to expand its presence in defense technology markets.

For additional information about Safe Pro Group, investors can access the company's newsroom at http://ibn.fm/SPAI. The full details of the share repurchase authorization and the company's strategic outlook are available in the official announcement, which provides comprehensive information about this significant corporate development and its implications for the company's financial strategy moving forward.