Red Cat CEO to Speak at the Partnership for Drone Competitiveness’ Launch Commemoration Outside the U.S. Capitol
November 13 2023 - 8:00AM
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 CEO Jeff Thompson will be a featured speaker at the
Association for Uncrewed Vehicle Systems International’s
Partnership for Drone Competitiveness press conference to be held
in Washington, D.C. at 1pm ET on November 14, 2023. The event
commemorates the recent launch of the alliance at the House
Triangle outside of the Capitol and will feature leading U.S. drone
companies and members of Congress.
The Partnership for Drone Competitiveness, established in
September 2023, is a coalition of U.S. drone companies and
manufacturers focused on enhancing the U.S. drone industry, and on
reducing the country’s reliance on Chinese drones. Its premise is
“that stronger U.S. leadership in this industry is better for
everyone.” The press conference will also focus on supporting
legislation advancing U.S. competitiveness in the drone industry,
such as the American Security Drone Act that will help create new
opportunities for domestic/allied drone manufacturers in foreign
subsidized competition.
“Participating in the Partnership for Drone Competitiveness
reinforces our dedication to building a stronger domestic drone
base,” stated Jeff Thompson, Red Cat’s Founder and CEO. “We
sincerely believe this coalition will strengthen U.S. manufacturing
and provide better solutions for both public and private
organizations. Drones made in China bring known and unknown
security threats, yet many federal agencies and law enforcement
agencies across the country rely heavily on such drones in their
daily operations. Red Cat emphatically endorses the mission of
this Partnership to increase awareness of such risks and to
eliminate the use of foreign drones in the public sector.”
Red Cat subsidiary Teal Drones offers an affordable,
man-portable drone solution, Teal 2, that is designed to “Dominate
the Night™.” It has best-in-class night vision camera, fully
modular design, multi-vehicle control, and artificial intelligence
capabilities.
Teal Drones, based in Salt Lake City, Utah, has a 25,000 square
foot manufacturing facility where Teal 2 is built. Teal 2 is
designed to support U.S. military operations, public safety
organizations, and U.S. government agencies in a variety of
environments. It is both Blue UAS Certified, which means it is
approved by the Department of Defense, and FAA Remote ID
approved.
For more information on the Partnership for Drone
Competitiveness, please visit the coalition’s website.
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. 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.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.
Contacts
NEWS MEDIA: CORE Public RelationsPhone: (516)
222-2560 Email: media@redcat.red
INVESTORS: CORE IR Phone: (516)
222-2560 Email: investors@redcat.redWebsite: https://www.redcatholdings.com
Red Cat (NASDAQ:RCAT)
Historical Stock Chart
From Apr 2024 to May 2024
Red Cat (NASDAQ:RCAT)
Historical Stock Chart
From May 2023 to May 2024