Thursday, May 23, 2024
Thursday, May 23, 2024
HomePet NewsCats NewsRed Cat reveals financial investment in modular unmanned aerial systems business By...

Red Cat reveals financial investment in modular unmanned aerial systems business By


Related stories

-- Advertisment --
- Advertisement -

Investing.comMar 14, 2023 16:50

By Michael Elkins 

Military tech business, Red Cat Holdings (NASDAQ:RCAT) revealed Tuesday that they have actually made a substantial monetary investment in Firestorm, an American business establishing the very first totally Modular Unmanned Aerial System (MUAS) that is 3D printed and payload agnostic.

“Firestorm is altering how UAV’s can be developed, made, and provided rapidly, and the Firestorm system resolves a great deal of issues for lots of vital circumstances. Their long-range and long-duration loitering abilities are a cost-efficient method to winning in the air. We think that our Teal 2 drone and the Firestorm UAV might be a terrific mix for the warfighter,” said Red Cat CEO Jeff Thompson.

“We are honored to have Red Cat join us on our journey. Red Cat’s Blue UAS items, their American producing centers, and their market understanding have actually made them a terrific partner as we work to scale our business,” said Firestorm CEO Daniel Magy.

“We wish to help Firestorm prosper, and this financial investment might be simply the start. For example, our big production center in Salt Lake City might speed up the production of Firestorm’s items to fulfill increased need,” Thompson included.

Shares of RCAT are up 3.62% in mid-day trading on Tuesday.

Get The App

Join the countless individuals who remain on top of worldwide monetary markets with

Download Now

- Advertisement -
Pet News 2Day
Pet News 2Day
About the editor Hey there! I'm proud to be the editor of Pet News 2Day. With a lifetime of experience and a genuine love for animals, I bring a wealth of knowledge and passion to my role. Experience and Expertise Animals have always been a central part of my life. I'm not only the owner of a top-notch dog grooming business in, but I also have a diverse and happy family of my own. We have five adorable dogs, six charming cats, a wise old tortoise, four adorable guinea pigs, two bouncy rabbits, and even a lively flock of chickens. Needless to say, my home is a haven for animal love! Credibility What sets me apart as a credible editor is my hands-on experience and dedication. Through running my grooming business, I've developed a deep understanding of various dog breeds and their needs. I take pride in delivering exceptional grooming services and ensuring each furry client feels comfortable and cared for. Commitment to Animal Welfare But my passion extends beyond my business. Fostering dogs until they find their forever homes is something I'm truly committed to. It's an incredibly rewarding experience, knowing that I'm making a difference in their lives. Additionally, I've volunteered at animal rescue centers across the globe, helping animals in need and gaining a global perspective on animal welfare. Trusted Source I believe that my diverse experiences, from running a successful grooming business to fostering and volunteering, make me a credible editor in the field of pet journalism. I strive to provide accurate and informative content, sharing insights into pet ownership, behavior, and care. My genuine love for animals drives me to be a trusted source for pet-related information, and I'm honored to share my knowledge and passion with readers like you.

Latest Articles



Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!