Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters
May 07 2024 - 6:00AM
Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone
technology company integrating robotic hardware and software for
military, government, and commercial operations, today announced
the formation of the Red Cat Futures Initiative (RFI). 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.
Anchored by Red Cat’s Teal Drones, the RFI unites the world’s
most innovative UAS hardware and software companies focused on
AI/ML, swarming, FPV, command and control, and payloads. 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.
“One of many Teal Drone advantages is the modular design that
allows for effortless swapping of propulsion, payload and other
hardware based on the specific needs of warfighters,” said Jason
Gunter, Red Cat Director of Special Programs. “Additionally, with
Teal as a hub, we’ve already built a robust ecosystem of partners
that specialize in AI and computer vision applications, 3D mapping,
target acquisition, swarming, and other sUAS decision support
features. The RFI formalizes this but is also a launchpad for
co-marketing, tech collaboration, and grassroots advocacy.”
Red Cat developed this initiative to support the Pentagon’s
desire to accelerate innovation for its Replicator initiative and
the need for “attritable” autonomous systems across air, land, and
sea. This includes the U.S. Army’s Short-Range Reconnaissance (SRR)
Program. The consortium will collaborate to ensure
requirements-based UAS production that meets the needs of specific
missions, as well as reduce vendor lock-in and promote
interoperability. The RFI will also focus on R&D and government
advocacy that accelerates technology maturation.
“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. “The needs of warfighters have shifted
dramatically over the past several years, and the key to bridge
technology gaps and accelerate maturation is co-innovation amongst
hardware and software companies that span the entire value chain.
The RFI will spearhead this mission and be a central place to
showcase new capabilities and industry voices.”
Red Cat subsidiary Teal Drones builds its Teal 2 system,
designed to support U.S. and allied military operations, public
safety organizations, and government agencies, at its Utah
facility. Teal 2 is a cost-effective, man-portable sUAS designed to
“Dominate the Night™” that has best-in-class night vision,
multi-vehicle control support, and a fully modular design. It is
both Blue UAS Certified and FAA Remote ID approved. Through
technology partnerships, the RFI will exponentially expand the use
cases for Teal Drones into multi domain (air, land, and sea)
operations.
As a member-based consortium, RFI welcomes broad industry
participation by companies of all sizes. Membership benefits
include formal marketing support, dual reseller agreements, event
and conference collaboration, letters of support for government
lobbying, and inclusion in a technology “menu” for visibility and
RFQs on the Teal website. For more information, or if you would
like to get involved with the RFI, visit:
https://redcat.red/solutions/futures-initiative/.
About Red Cat, Inc. Red Cat (Nasdaq: RCAT) is
a drone technology company integrating robotic hardware and
software for military, government, and commercial operations. Red
Cat’s solutions are designed to “Dominate the Night™” and include
the Teal 2, a small unmanned system offering the highest-resolution
thermal imaging in its class. Learn more at www.redcat.red.
Forward-Looking Statements This press release
contains "forward-looking statements" that are subject to
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although not all forward-looking statements contain these words.
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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: IndicateMediaPhone: (347)
880-2895Email: peter@indicatemedia.com
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