Red Cat Holdings, Inc. (Nasdaq: RCAT) has introduced a complete of $2.5 million in new contract awards with two NATO allied international locations — as a part of the corporate’s expanded world gross sales technique, Red Cat will present the brand new clients with Teal 2 drone methods, coaching, and equipment, with an anticipated supply by the top of March.
Red Cat subsidiary Teal Drones manufactures the Company’s flagship Teal 2 platform, which is cost-effective, man-portable, and optimized for night-time use. It is designed to assist U.S. and allied navy operations, public security organizations, and authorities businesses in a wide range of environments. The platform is each Blue UAS Certified and FAA Remote ID permitted.
These contract awards underscore Red Cat’s deal with increasing world gross sales. As a part of that technique, Red Cat can be exhibiting on the FIDAE 2024 convention in Santiago, Chile in April to amplify its worldwide business growth and push additional into markets and geographies together with LATAM, Middle East and Indo-Pacific.
“Our American-made, rucksack-portable drones are providing warfighters with rapidly deployed reconnaissance and situational awareness to enhance the effectiveness and safety of their operations,” mentioned Jeff Thompson, Founder and CEO of Red Cat. “It’s an important part of Red Cat’s mission to support our NATO allies and we look forward to equipping these new customers and many other countries with our advanced Teal 2 systems.”
“Our Teal 2 systems is the right choice not only for the U.S. military but also our NATO allies that are looking for small, portable, cost-effective drones that they can deploy quickly, repair in the field and are upgradable with a fully modular design which means not being locked into stale technology over time,” mentioned George Matus, CTO of Red Cat. “Additionally, Teal 2 systems are at the forefront of night vision and thermal imaging, as well as multi-vehicle control and artificial intelligence capabilities.”
About Red Cat
Red Cat (Nasdaq: RCAT) is a drone expertise firm integrating robotic {hardware} and software program for navy, authorities and industrial 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.
