Press release

PrecisionHawk Introduces PrecisionAnalytics – Agriculture, Delivering Aerial Insights and A.I. to Growers, Crop Consultants, Researchers, and Insurers

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Sponsored by Businesswire

PrecisionHawk,
Inc.
, a leading provider of drone technology for the enterprise,
today announced PrecisionAnalytics Agriculture, an aerial mapping,
modeling, and agronomy platform purpose-built for precision agriculture.
Using PrecisionAnalytics, business leaders in agriculture can apply the
latest generation of analytics tools and artificial intelligence (A.I.)
to their aerial data, thereby automating plant inventory, size, and
health analysis to help professionals more efficiently, accurately, and
safely assess their fieldwork.

The largest source of drone operators in the world, PrecisionHawk has
150-plus full-time drone pilots and more than 15,000 drone service
providers in their drone pilot network. The company’s clients are using
the expansive operator network to capture data over millions of acres of
land. PrecisionHawk is also one of the only UAV services companies that
can fly BVLOS – dramatically increasing the average amount of data that
be captured per mission.

“By working closely with leading agriculture enterprises for nearly a
decade, we have learned a tremendous amount about what they need to be
successful. Our customers have consistently told us that they need a
more efficient way to scout their crops and analyze plant and livestock
data. PrecisionAnalytics is that solution — applying advanced A.I. and
machine learning to address the complexities of agriculture,” said
Michael Chasen, CEO of PrecisionHawk.

PrecisionAnalytics — Agriculture in Farm Management

PrecisionAnalytics Agriculture is a powerful, but accessible, tool for
turning aerial data into actionable intelligence. Using the software,
farmers can process aerial data from multiple drone missions to identify
and correct areas of concern before a planting season, during the
growing season, or before harvest. Using machine learning models, the
software features vegetative health indexing, plant and livestock
counting, and canopy sizing, all of which can be tailored for specific
crops and use cases. Farmers can aggregate these measures into custom
zones and plots before exporting prescription maps and other data sets
into farm management systems. Ultimately, the technology is empowering a
more accurate and holistic view of the farm.

PrecisionAnalytics — Agriculture in Crop Insurance

Crop insurers can use PrecisionAnalytics Agriculture to accelerate the
crop claims cycle. According to Agri-Pulse, 334 million acres of farm
land were covered by 1.1 million insurance policies in 2018. As crop
insurers annually update policies, they can use the A.I.-driven models
in PrecisionAnalytics to inventory crops and assess total value of the
property. As the scale of crop coverage grows, so does the need for a
means to quickly and effectively inspect crops for damage. With drones,
insurance adjusters can now collect, process, and report precise data—up
to thousands of acres in just one day—in a streamlined system.

PrecisionAnalytics Agriculture also provides machine learning models
that help adjusters after a loss to automatically detect and quantify
the extent of the damage, such as wind, hail and flood. This practice
replaces inefficient and subjective assessments—often conducted manually
by the adjuster from the bed of a truck—with data-rich reports that use
precise aerial measurements.

Getting Started

Now available, PrecisionAnalytics Agriculture has been adopted and
deployed across multiple agriculture enterprises. More information about
the solution can be found https://www.precisionhawk.com/precisionanalytics-agriculture.

PrecisionHawk will debut PrecisionAnalytics at AUVSI
Xponential
, taking place April 29-May 2 at Chicago’s McCormick
Place. PrecisionHawk will be located at booth 1026 and featured in
several panel and speaking sessions, including the event’s main keynote,
which will be delivered by CEO Michael Chasen. Media and analysts
interested in speaking with the team may contact precisionhawk@10fold.com.

About PrecisionHawk

PrecisionHawk is a leading provider of drone technology for the
enterprise. PrecisionHawk’s client list includes Fortune 500 companies
and market leaders in 150 countries, spanning a range of industries,
including agriculture, energy, insurance, government and construction.
To date, PrecisionHawk has raised more than $100 million from leading
venture capital firms including Third Point Ventures and Millennium
Technology Value Partners, with strategic investments from enterprise
customers and partners including Comcast Ventures, DuPont, Intel
Capital, NTT Docomo, and Yamaha Motor. The company, founded in 2010, is
privately held and headquartered in Raleigh, NC. More information about
PrecisionHawk can be found at www.precisionhawk.com
or on Twitter @PrecisionHawk.