Red Cat Holdings Becomes First Commercial Enterprise to Bring Complete Multi-Drone System to Market
May 24 2022 - 6:00AM
Red Cat Holdings, Inc. (Nasdaq: RCAT), a hardware-enabled software
provider to the drone industry, announces that it has completed
research, development, and production of a four-drone,
multi-vehicle system for defense, government, and public safety
markets.
“We have shippable product on hand and are now taking orders for
delivery this fall,” said Red Cat Holdings CEO Jeff Thompson. “We
are committed to staying at the forefront of our rapidly developing
industry, which is why we are excited to be, to our knowledge, the
first commercial enterprise to bring a fully operational
multi-drone system to market. This is a significant milestone for
both our company and the entire drone industry.”
Developed by its subsidiary Teal Drones (Teal), and in
close cooperation with strategic partner Autonodyne, LLC, the
multi-vehicle package will be offered in two configurations: 4-Ship
and 4-Ship+. Both configurations will allow a single pilot to
simultaneously control up to four of Teal’s Golden Eagle units,
which is the first drone mass-produced entirely in the U.S. under
strict guidelines from the U.S. Department of Defense.
The 4-Ship+ will include two extra Golden Eagle units and an
additional linked controller to facilitate handoff of control from
one pilot to another. The 4-Ship+ configuration allows a back-up
pilot to immediately take over at any time. The additional two
drones also allow pilots to bring in units with fresh batteries,
while units with drained batteries drop off to be charged – all
without breaking up the four-drone flight pattern. This allows for
continuous 360-degree surveillance of any target and overcomes the
biggest weakness of any drone: limited battery life.
“4-Ship is unlocking our vision for the future of drones,”
commented George Matus, founder and CEO of Teal. “This early
technological inflection point will redefine how drones are used
across the defense and public safety markets, arguably increasing
value by an order of magnitude.”
The 4-Ship is a complete solution that provides operators with
actionable information from multiple vehicles at the same time --
including the display of four simultaneous video feeds -- resulting
in faster situational awareness and decision-making in today’s
complex environments. It also offers a tremendous savings in
manpower, the most expensive component of any drone operation,
since four pilots are replaced by just one.
“With 4-Ship, we have successfully integrated the human/machine
interface with an embedded autonomy engine that offers additional
intelligence and surveillance capabilities from a single pilot and
controller,” said Steve Jacobson, CEO of Autonodyne, LLC. “The ease
of use and multitude of applications makes the 4-Ship a
next-generation drone system.”
“4-Ship represents truly disruptive technology that will alter
the approach to intelligence, surveillance and reconnaissance,”
added Jeff Thompson, Red Cat’s CEO. “No longer are drone
applications limited to a one-pilot/one-drone situation,
drastically altering the potential missions for drones due to the
ability of a single pilot to be able to control a team of
drones. The 4-Ship already provides significant flexibility
in applications, from security to agriculture to law enforcement,
as well as the expected military applications, for which there is
expressed interest.”
For a video demonstration of the multi-vehicle
drone control platform and insights from Teal and Autonodyne, LLC
personnel, please click here.
About Red Cat Holdings, Inc. Red Cat provides
drone-based products, services, and solutions through its five
subsidiaries and services the enterprise, military, and consumer
markets. Teal Drones is a leader in unmanned aircraft systems
(UAS), and its Golden Eagle is one of only five drones approved by
the Department of Defense for reconnaissance, public safety, and
inspection applications. Skypersonic’s technology enables drones to
complete inspection services in locations where GPS is not
available, yet still record and transmit data even while being
operated from thousands of miles away. Fat Shark is a leading
provider of First Person View (FPV) video goggles. Rotor
Riot, LLC is a reseller of FPV drones and equipment, primarily to
the consumer marketplace. Learn more
at https://www.redcatholdings.com/.
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.
Contact:
INVESTORS: |
NEWS MEDIA: |
CORE IR |
Dalton Agency |
Phone: (516) 222-2560 |
(615) 515-4880 (o) |
E-mail: Investors@redcat.red |
(615_337-0964 (m) |
Website: https://www.redcatholdings.com/ |
Email:
jbradford@daltonagency.com |
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