SAN JUAN, Puerto Rico, Aug. 29, 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 army, authorities and industrial operations, pronounces that Utah Sen. Mitt Romney not too long ago toured the Salt Lake City headquarters of Red Cat subsidiary Teal Drones.
The go to, which came about on Aug. 22, was designed to teach Sen. Romney on Teal’s operations, particularly its manufacturing facility that was purpose-built to fulfill the rising demand for U.S.-made drones. Sen. Romney met and spoke with Teal’s division heads and realized extra concerning the engineering, testing, manufacturing, provide chain and compliance course of for Teal’s merchandise, together with the Teal 2, a Blue UAS-certified military-grade drone.
Sen. Romney is a co-sponsor of the American Security Drone Act of 2023, which goals to strengthen U.S. drone manufacturing for nationwide safety functions by prohibiting federal companies from buying drones made by Chinese government-linked firms.
“As the United States faces the growing threat of China, Utah-based companies like Teal Drones are playing key roles in our national security and industrial base,” stated Sen. Romney. “I enjoyed touring their facility in Salt Lake to better understand their manufacturing process and discuss ways to decrease America’s dependence on China for hardware critical to our security.”
“We’re grateful for Sen. Romney’s interest in our company and his ongoing support for the U.S. drone industry,” stated George Matus, Teal founder and CEO. “The American Security Drone Act, if passed, will lead to further investment in American UAS, accelerating our domestic industry’s ability to close the gap with China and build a strategic deterrence to future conflict.”
Chinese drone producers, together with DJI and Autel, at the moment lead the business in gross sales volumes, although a lot of that is because of historic and continued Chinese authorities subsidization. This has allowed Chinese drones to flood the worldwide market and undercut American competitors, finally creating dependency, dual-use, and data-flow dangers that are actually important to nationwide safety.
“We applaud Sen. Romney for his leadership on the American Security Drone Act and his unwavering commitment to American innovation and manufacturing,” stated Brendan Stewart, Red Cat’s VP of regulatory affairs. “It’s critical that our legislators understand the urgent need for U.S. government investment in the American drone industry. In the last 15 years, China has made significant ongoing investments in its domestic drone industry, achieving a near global monopoly in drone manufacturing. With China’s imperial ambitions and alliance with Russia in clear focus, investment in American manufacturing is as urgent of a national security priority as we have seen in decades. A robust industrial manufacturing base propelled the United States to a position of global leadership after World War II and facilitated the greatest period of economic expansion in American history. This is not only possible again, but is necessary to maintain our global standing.”
Officially launched in April, the Teal 2 is designed to Dominate the Night™ because the world’s main sUAS 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 best decision thermal imaging in a small type issue. The Teal 2 additionally presents the latest intelligence, surveillance and reconnaissance know-how, delivering time-critical info and enabling operators to make quicker, smarter choices.
Having acquired Blue UAS clearance from the U.S. Department of Defense (DoD), the Teal 2 joins a choose group of DoD-approved drones for presidency customers. It additionally not too long ago acquired certification from the Federal Aviation Administration (FAA) for its onboard Remote ID know-how for industrial customers, which offers identification and placement info that different events can obtain through a broadcast sign.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone know-how firm integrating robotic {hardware} and software program for army, 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. Learn extra at www.redcatholdings.com.
Forward-Looking Statements
This press launch comprises “forward-looking statements” which might be topic to substantial dangers and uncertainties. All statements, apart from statements of historic reality, contained on this press launch are forward-looking statements. Forward-looking statements contained on this press launch could also be recognized by way of phrases similar to “anticipate,” “consider,” “ponder,” “might,” “estimate,” “count on,” “intend,” “search,” “might,” “may,” “plan,” “potential,” “predict,” “challenge,” “goal,” “purpose,” “ought to,” “will,” “would,” or the detrimental of those phrases or different comparable expressions, though not all forward-looking statements comprise these phrases. Forward-looking statements are based mostly on Red Cat Holdings, Inc.’s present expectations and are topic to inherent uncertainties, dangers and assumptions which might be troublesome to foretell. Further, sure forward-looking statements are based mostly on assumptions as to future occasions that will not show to be correct. These and different dangers and uncertainties are described extra totally within the part titled “Risk Factors” within the remaining prospectus associated to the general public providing filed with the Securities and Exchange Commission. Forward-looking statements contained on this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no obligation to update such info besides as required underneath relevant regulation.
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