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Red Cat Secures $518K in New Orders for Edge 130 Drones from U.S. Government Agencies
January 23 2025 - 7:30AM
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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, today announced it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000.
FlightWave, a leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brought FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments.
The combined orders, which amount to 12 Edge 130 drones, reflect Red Cat’s continued momentum in providing advanced drone technology solutions to key defense and security customers. The Edge 130 is known for its robust capabilities, including long-endurance flight times, AI-driven surveillance features, and operational effectiveness in a variety of mission-critical environments.
“These new orders further validate the performance and unique capabilities of the Edge 130 as part of our Family of Systems and reinforce our position as a trusted provider of drone solutions for government and military applications,” said Jeff Thompson, Red Cat CEO. “We are expanding our manufacturing capacity for the Edge 130 to accelerate this momentum and remain committed to supporting U.S. government agencies with the industry’s best technology that enhances their mission capabilities and success.”
The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.
About FlightWave
FlightWave Aerospace Systems Corporation is an industry leading manufacturer of dual-use VTOL drones, sensors and software solutions located in Santa Monica, CA. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully-autonomous Edge 130 sUAS has the best flight endurance in the industry and with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. 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. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. 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.
Contacts:
INVESTORS: E-mail: Investors@redcat.red
NEWS MEDIA: Indicate Media Phone: (347) 880-2895 Email: peter@indicatemedia.com
tw0122
4 días hace
$8.70 ......Red Cat Holdings Wins Major U.S. Army Contract, Partners with ...
....December 16, 2024 - Red Cat secures key military drone contract and Palantir partnership, projects $80-120M revenue for 2025. ..Red Cat Military Projects
Red Cat, a drone technology company, is involved in several significant military projects:U.S. Army Short Range Reconnaissance (SRR) Program: Red Cat’s Teal Drones were selected as the production provider for the U.S. Army’s SRR Program of Record. This selection followed a rigorous test and evaluation process conducted by the Army Project Management Office for Uncrewed Aircraft Systems, the Army Maneuver Battle Lab, the Army Test and Evaluation Command, and the Army Operational Test Center. The Teal Drones, specifically the Black Widow and WEB models, were chosen due to their soldier feedback, technical performance, scalability, and cost.Red Cat Futures Initiative (RFI): Red Cat announced the formation of the RFI, an independent, industry-wide consortium of robotics and autonomous systems partners dedicated to providing advanced and interoperable uncrewed aircraft systems to warfighters. This initiative aims to bridge critical technology gaps for military personnel.Palantir Partnership: Red Cat partnered with Palantir Technologies to integrate Visual Navigation software (VNav) into Red Cat’s Black Widow drones. This collaboration aims to transform autonomous sUAS operations for modern warfare by utilizing Palantir’s advanced AI software, potentially creating a superior Intelligence, Surveillance, and Reconnaissance (ISR) platform.ARACHNID™ Family of Systems: Red Cat’s ARACHNID™ family of unmanned systems includes the Black Widow, which won the U.S. Army SRR contract. These drones are designed for electronic warfare operations and have a modular architecture for swift adaptation to mission requirements, such as short-range reconnaissance.FANG™ Drone: Part of the ARACHNID™ family, the FANG™ drone is the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities.These projects highlight Red Cat’s focus on advancing drone technologies and providing critical situational awareness and enhanced effectiveness and safety for military and security operations.....
Helter Skelter
1 mes hace
Look for some action here...
...not sure if it'll be positive or not but should be a play either way...😺
$RCAT
We may from time to time, in one or more offerings at prices and on terms that we will determine at the time of each offering, sell common stock, preferred stock, warrants, or a combination of these securities, or units, for an aggregate initial offering price of up to $100,000,000. In addition, the selling stockholders may from time to time offer to sell up to 13,550,000 shares of our common stock. We will not receive any of the proceeds from the sale of common stock by the selling stockholders. This prospectus describes the general manner in which our securities may be offered using this prospectus. Each time we offer and sell, or a selling stockholder offers and sells, securities, we will provide you with a prospectus supplement that will contain specific information about the terms of that offering. Any prospectus supplement may also add, update, or change information contained in this prospectus. You should carefully read this prospectus and the applicable prospectus supplement as well as the documents incorporated or deemed to be incorporated by reference in this prospectus before you purchase any of the securities offered hereby.
👉️ $RCAT SEC FORM S-3