RCAT

Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters

Retrieved on: 
Dienstag, Mai 7, 2024
FPV, Ecosystem, AI, Teal, Software, RAS, 3D, SRR, Government, RCAT, Acquisition, UAS, RFI, Robotics, Ocean Power Technologies, Marketing, Replicator, Atmosphere, SAN, Pharmaceutical industry

RFI is an independent, industry-wide consortium of robotics and autonomous systems (RAS) partners dedicated to putting the most advanced and interoperable uncrewed aircraft systems into the hands of warfighters.

Key Points: 
  • RFI is an independent, industry-wide consortium of robotics and autonomous systems (RAS) partners dedicated to putting the most advanced and interoperable uncrewed aircraft systems into the hands of warfighters.
  • Founding members include Ocean Power Technologies (NYSE: OPTT), Sentien Robotics , Primordial Labs , Athena AI , Unusual Machines , Reach Power , and MMS Products .
  • The shared goal is advocacy, integrations and co-marketing that bridges considerable technology gaps through modular open architecture.
  • “The need for the UAS sector to move quickly to meet the requirements of Replicator is more urgent than ever,” said Jeff Thompson, Red Cat CEO.

Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry

Retrieved on: 
Dienstag, Mai 7, 2024
ARK, Online, UAV, Group 1, Grumman, News, Partnership, AeroVironment, Convention (norm), RCAT, UAS, Defense, LMT, Aircraft, Lockheed Martin, Machine learning, Software, ATAK, NDAA, Special, Telephone, Radio, MANET, Ad hoc, Demonstration, SRR, Sony, Raytheon Technologies, Century, Government, Atmosphere, USD, FPV, PALM, Environment, General Atomics, Northrop Grumman, Technology company, Drone, Growth, Compound annual growth rate

According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.

Key Points: 
  • According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.
  • The report said: “The global race among nations to invest in drone technology has sparked a competitive environment.
  • This demand for more sophisticated drone capabilities is a key factor stimulating the expansion of the military drone market.
  • The MarketsAndMarkets report continued: “Based on operation mode, The military drone market is divided into remotely piloted, optionally piloted, and fully autonomous categories.

Red Cat Successfully Passes Field Testing with Doodle Labs Against Electronic Warfare Technology in Ukraine

Retrieved on: 
Donnerstag, April 25, 2024
Defense Innovation Unit, Radio, Teledyne Technologies, Blue, Helix, Software, Partnership, Teledyne FLIR, SRR, Government, RCAT, Ocean Power Technologies, SAN

SAN JUAN, Puerto Rico, April 25, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced it has successfully passed electronic warfare (EW) testing in Ukraine with Doodle Labs.

Key Points: 
  • SAN JUAN, Puerto Rico, April 25, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced it has successfully passed electronic warfare (EW) testing in Ukraine with Doodle Labs.
  • The successful test is part of a continuous innovation cycle that began in May 2023 with a partnership between Doodle Labs and Red Cat for its U.S. Army Short Range Reconnaissance (SRR) program prototype.
  • The ongoing partnership between Red Cat and Doodle Labs is addressing the growing need by the U.S. and its allies for small, autonomous, and attritable drones equipped with anti-jamming radios capable of operating in electronic warfare.
  • Teal systems with Doodle Labs frequency-hopping radios can evade jamming attempts and are usable in multi-domain environments for surveillance and swarming operations.

Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

Retrieved on: 
Donnerstag, April 18, 2024
Hive, UAV, Organization, Teledyne Technologies, Safety, Map, AI, Software, Robotics, Partnership, Teledyne FLIR, War, Human, Government, RCAT, UAS, Ocean Power Technologies, Atmosphere, SAN

SAN JUAN, Puerto Rico, April 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Sentien Robotics , a leader in autonomous drone fleet logistics.

Key Points: 
  • SAN JUAN, Puerto Rico, April 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Sentien Robotics , a leader in autonomous drone fleet logistics.
  • The partnership will enable organizations using Sentien’s Hive UAS management platforms to deploy Teal Drones as part of a larger autonomous drone swarming strategy for mobile and fixed-position land, air, and sea defense and security operations.
  • The partnership between Red Cat and Sentien Robotics will enable the companies to provide warfighters with the ability for continuous uninterrupted reconnaissance on enemy targets with drone swarms.
  • The Hive features robotics automation hardware and intelligence software to enable operations of fleets of UAS with the vision of reducing manpower, improving safety, and vastly improving performance over traditional UAS operations.

Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

Retrieved on: 
Dienstag, April 9, 2024
Teledyne Technologies, Organization, Government, OPT, Science, Partnership, SAN, AI, RCAT, Software, ASVS, Teledyne FLIR, Atmosphere, Safety, Power supply unit (computer), UPS, Ocean Power Technologies

The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.

Key Points: 
  • The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.
  • “Partnering with Ocean Power Technologies is a significant part of our strategy to address the needs and requirements of the Pentagon’s Replicator Initiative with drone and swarming capabilities across multiple domains, including maritime missions,” said George Matus, Red Cat’s Chief Technology Officer.
  • “Our core mission is to provide advanced autonomy solutions for greater maritime situational awareness for a variety of science and technology applications, including defense and security missions,” said Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies.
  • OPT’s PowerBuoy® can act as an Uninterruptable Power Supply (UPS) which constantly recharges itself by harvesting energy from the waves.

Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions

Retrieved on: 
Montag, April 8, 2024
OPT, Night vision, Intelligence, Software, RCAT, Atmosphere, Power supply unit (computer), UPS, Ocean Power Technologies, Pentagon, Government, ASV, Risk management

This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.

Key Points: 
  • This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.
  • Through this relationship, OPT's PowerBuoy® and WAM-V® platforms will be integrated with Red Cat’s Teal 2 Drones, facilitating a new era of autonomous vehicle deployment.
  • This integration aims to provide real-time, actionable intelligence to counter maritime threats, thereby revolutionizing situational awareness and operational safety for reconnaissance and defense forces.
  • Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies, highlighted the importance of this alliance, stating, "Our collaboration with Red Cat aligns perfectly with our mission to advance maritime autonomy for defense and security missions among other applications.

Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries

Retrieved on: 
Dienstag, März 26, 2024
Government, Night vision, Intelligence, FIDAE, SAN, Red, Software, RCAT, Teal, Safety

SAN JUAN, Puerto Rico, March 26, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces a total of $2.5 million in new contract awards with two NATO allied countries.

Key Points: 
  • SAN JUAN, Puerto Rico, March 26, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government and commercial operations, announces a total of $2.5 million in new contract awards with two NATO allied countries.
  • As part of its expanded global sales strategy, Red Cat will provide the new customers with Teal 2 drone systems, training, and accessories with an anticipated delivery by the end of March.
  • “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,” said Jeff Thompson, Founder and CEO of Red Cat.
  • It is designed to support U.S. and allied military operations, public safety organizations, and government agencies in a variety of environments.

Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update

Retrieved on: 
Montag, März 18, 2024
Lunger, Consumer, Interest, Growth, Webcast, SAN, Security forces, Sale, Software, RCAT, Retirement, UMAC, Interim, Defense, Government, Army

SAN JUAN, Puerto Rico, March 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the second quarter ended March 18, 2024, and provides a business update.

Key Points: 
  • SAN JUAN, Puerto Rico, March 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the second quarter ended March 18, 2024, and provides a business update.
  • Our guidance for the upcoming fourth quarter of $7 million will be another record quarter and continued double digit sequential growth into fiscal year 2025," Thompson added.
  • “We are reporting record revenues again for the third quarter of fiscal 2024,” stated Leah Lunger, Interim Chief Financial Officer.
  • ET on Monday, March 18, 2024, to review financial results and provide an update on corporate developments.

Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors

Retrieved on: 
Freitag, März 15, 2024
OIR, Moses Austin, Organization, Montana State University, Risk, TRADOC, SAN, Center of excellence, Knowledge, University, RCAT, Software, III Corps, Central Michigan University, Command, Defense Distinguished Service Medal, ISIS, Administration, Government, Advanced technology, Army, Commander, Management

SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that General (R) Paul Edward Funk II has joined its Board of Directors.

Key Points: 
  • SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that General (R) Paul Edward Funk II has joined its Board of Directors.
  • The addition of General Funk brings the Board’s current composition to five members, including four independent directors.
  • “As an internationally recognized, combat-proven leader with a track record of transforming large, complex organizations, General Funk brings a wealth of knowledge to Red Cat during an important growth phase of our company,” said Jeff Thomson, Red Cat’s CEO.
  • He was awarded the Defense Distinguished Service Medal — the nation’s 4th highest honor — for outstanding leadership in combat.

Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024

Retrieved on: 
Donnerstag, März 14, 2024
Webcast, SAN, Interest, Government, Software, RCAT

Company management will host an earnings conference call at 4:30p.m.

Key Points: 
  • Company management will host an earnings conference call at 4:30p.m.
  • ET on Monday, March 18, 2024 to review financial results and provide an update on corporate developments.
  • Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call.
  • A telephonic replay will be available until April 1, 2024 by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 8799674.