Red Cat Holdings Signs Letter of Intent To Acquire LuGus Studios
Retrieved on:
Wednesday, May 5, 2021
b'HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training.
Key Points:
- b'HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training.
- Since 2015 LuGus Studios has been developing Liftoff: FPV Drone Racing, a market leading drone simulator that has also seen a console release.
- Forward-looking statements are based on Red Cat Holdings, Inc.\'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict.
- Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.\n'