Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone expertise firm integrating robotic {hardware} and software program for army, authorities and business operations, endorses the passing of the American Security Drone Act (ASDA) as an necessary laws bundle that advantages the federal authorities, home drone businesses, and nationwide safety. Introduced in November 2023, the bipartisan act prevents the federal authorities from procuring drones from nations which can be deemed safety threats, similar to China. It was formally handed into legislation as a part of the National Defense Authorization Act.
“The passing of the American Security Drone Act is a major milestone for domestic drone companies and also for protecting the U.S. and our allies,” acknowledged Jeff Thompson, Founder and CEO of Red Cat. “Red Cat has invested significantly in our subsidiary Teal Drones’ factory, which recently went into mass production and can produce thousands of drones for defense forces and federal agencies. We are ready to support these organizations as they transition to safe and secure American-made drones.”
Teal Drones operates a 25,000 sq. foot manufacturing facility in Salt Lake City, Utah. The firm’s flagship Teal 2 is an inexpensive, man-portable resolution that’s designed to “Dominate the Night™” with its best-in-class evening imaginative and prescient digicam, totally modular design, multi-vehicle management, and synthetic intelligence capabilities. In celebration of its efforts in home manufacturing, Teal Drones was lately chosen for a $750,000 Manufacturing Modernization Grant from the State of Utah. The purpose of the grant is to help and modernize home manufacturing in Utah.
Teal 2 is designed to help U.S. army operations, public security organizations, and U.S. authorities companies in quite a lot of environments. It is each Blue UAS Certified, which suggests it’s authorized by the Department of Defense, and FAA Remote ID authorized.
“The government’s support of American manufacturing is monumental and will ensure that better products are built and used domestically. This act will level the playing field for American manufacturing against our greatest geopolitical rival,” acknowledged Brendan Stewart, VP, Regulatory Affairs at Red Cat. “We are also committed to supporting legislation to subsidize the cost of switching drones and will work closely with the government and our peers to ensure that agencies have access to the best technology available.”
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone expertise firm integrating robotic {hardware} and software program for army, authorities and business operations. Red Cat’s options are designed to “Dominate the Night™” and embody the Teal 2, a small unmanned system providing the highest-resolution thermal imaging in its class. Learn extra at www.redcatholdings.com
