SAN JUAN, Puerto Rico, Sept. 20, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone know-how firm integrating robotic {hardware} and software program for navy, authorities and industrial operations, as we speak publicizes that subsidiary Teal Drones has signed $1.8 million in contracts with U.S. Customs and Border Protection (CBP) to supply Teal 2 programs to U.S. Border Patrol.
Teal will ship 106 Teal 2 drones plus spare elements and coaching. Border Patrol is utilizing the Teal 2 to present supplemental airborne reconnaissance, surveillance and monitoring functionality, enhancing situational consciousness for U.S. discipline commanders and brokers.
The single-source contract is a part of a Blanket Purchase Agreement (BPA) between CBP and 5 drone corporations, introduced in December 2021, with a complete estimated worth of $90 million over a five-year interval.
Last October, CBP had initially ordered 54 Teal drones for U.S. Border Patrol in a contract value simply over $1 million.
“We are honored to provide this important U.S. agency with drones that help enable their mission,” mentioned Red Cat CEO Jeff Thompson. “The Border Patrol pilots are some of the best and their feedback has been instrumental in Teal 2 enhancements. This brings our current backlog to over $7.5 million as the Teal 2 revenue continues to accelerate. Red Cat has invested in a manufacturing facility in Salt Lake City, Utah, and we’re confident in our ability to meet order delivery deadlines for military, government and commercial customers.”
Approved by the U.S. Department of Defense as Blue UAS and available to buy by way of the federal authorities’s GSA Advantage web site, the Teal 2 is designed to Dominate the Night™ because the world’s main small drone for night time operations. The Teal 2 is the primary sUAS to be geared up with Teledyne FLIR’s new Hadron 640R sensor, offering finish customers with the highest-resolution thermal imaging in a small type issue.
The Teal 2 additionally options the latest intelligence, surveillance and reconnaissance know-how, delivering time-critical data and enabling operators to make quicker, smarter selections. The system affords multi-vehicle management and synthetic intelligence capabilities.
Red Cat will exhibit the Teal 2 on the AUSA 2023 Annual Meeting & Exposition in Washington, D.C., from Oct. 11th of September.
To view a spec sheet for the Teal 2, click on right here.
To watch a brief video concerning the Teal 2, click on right here.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone know-how firm integrating robotic {hardware} and software program for navy, authorities and industrial operations. Red Cat’s options are designed to “Dominate the Night™” and embrace the Teal 2, a small unmanned system providing the highest-resolution thermal imaging in its class. Learn extra at www.redcatholdings.com.
Forward-Looking Statements
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