This acquisitions expands AIGI’s reach into the Rocky Mountain region for its commercial drone operating network paving the way for additional acquisitions, soon to be announced
Houston, Texas – May 23, 2023 – American Infrastructure Group, Inc. (“AIGI”) is pleased to announce the acquisition of 1UP Aerial Drone Services, (“1UP”), owned by Chuck Adams and Kimberly Smith-Adams. This is AIGI’s first acquisition of a commercial drone business as it develops its national commercial drone operating network.
The agreement calls for the 100% acquisition of 1UP, in exchange for a cash investment and preferred stock in AIGI with an earn-in structure to share in growth. As part of the agreement, Chuck Adams will continue to run 1UP as the company’s CEO and help expand AIGI’s commercial drone strategy and vision for digitizing infrastructure.
“We are very excited that Chuck Adams chose to join the AIGI team as we have similar visions regarding the future of the drone industry. 1UP also provides us with an e-commerce website that provides a fantastic retail opportunity for direct access to drone businesses and pilots,” William P. McCaughey, the Chief Executive Officer of American Infrastructure Group, Inc. said.
Chuck Adams said, “This was a perfect match for what 1UP was searching for to take the company to the next level. The AiGi resources, tremendous human capital, and with the promise of joining the AIGI technical platform, we can expand our profitable divisions while accessing disruptive artificial intelligence to improve our client experience.”
About 1UP Aerial Drone Services, Inc.
Founded in 2016, 1UP, based in Golden, Colorado, sells drone hardware and software through its e-commerce website, www.1updrones.com. It also performs a variety of drone services to commercial and government clients, as well as provides training to new and veteran pilots.
About Chuck Adams
Chuck Adams is the CEO of 1UP. He is frequently known as the “Land Liberator and 3D Aerial Memory Maker”, and is a FAA Part 107 Certified Pilot. He is a tenured IT Cloud industry veteran who spent 23 years in the high-tech industry and is a well-respected executive speaker on emerging technology, cloud, IoT, and business development. He holds a Bachelor’s degree in Business Administration from the University of Kansas.
Integration with AIGIs Data Technology Division
1UP will join our partner Patriot Drone Operators, LLC, (in which we own a minority interest) in providing drone services to our infrastructure customers as well as providing data collection services for AIGI’s wholly owned subsidiary InfraSix LLC (“Infrasix”). InfraSix offers software solutions involving artificial intelligence, machine learning, and predictive analytics for complex multi-spectral and multi-dimensional data. InfraSix automates the fusion, analysis, and visualization of data for performing inspections, fault detection, and improving asset integrity.
About American Infrastructure Group, Inc.:
American Infrastructure Group, Inc. is an infrastructure services company headquartered in Houston, TX focusing on providing comprehensive Asset Integrity, Data Collection, Data Fusion and Field Services. Our data technology division offers software solutions and industrial drone operations. Our field services division offers infrastructure construction, installation, and maintenance services to governments, municipalities, and companies..
Corporate Website: http://AmericanInfrastructureGroup.com
Infrasix Website: http://InfraSix.com
Patriot Drone Operators, LLC Website: http://PatriotDroneOperators.com
1UP Aerial Drone Services, Inc. Website: https://1UPDrones.com/
Contact:
Peter Quinn, Senior Adviser
Address: 710 N Post Oak, Suite 400 Houston, Texas 77056
Phone: 1-832-464-4460
Email: Peter@InfraSix.com
Forward-Looking Statements Certain statements herein, including statements regarding the extent and timing of our production and other operations, and our liquidity, are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission. American Infrastructure Group, Inc. and InfraSix, LLC disclaim any obligation to update this information. Read Full Disclaimer: https://AmericanInfrastructureGroup.com/contact-us/disclaimer/