Red Cat Introduces New Family of Low-Cost, Portable Unmanned Reconnaissance and Precision Lethal Strike Systems
June 17 2024 - 2:00AM
Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone
technology company integrating robotic hardware and software for
military, government, and commercial operations, today introduced
its new family of unmanned Intelligence, Surveillance, and
Reconnaissance (ISR) and precision lethal strike systems. The
announcement, made on the first day of Eurosatory in Paris, comes
on the heels of Red Cat’s LOI to acquire FlightWave Aerospace
Systems Corporation.
Red Cat’s family of ISR and precision strike drones will provide
the industry with an alternative to conventional ISR/strike systems
on the market that are high cost and non-retrievable. Red Cat’s
sensor-to-shooter (S2S) system for identifying targets with
optional precision strike capabilities is differentiated from other
systems with its low cost portable drones. The objective of this
new family of systems is to meet the increasingly urgent need of
the Pentagon’s Replicator Initiative for swarms of low-cost
“attritable” ISR and surgical strike drones deployable in air,
land, sea, and sub-sea environments.
Red Cat’s mission is to redefine the role of sUAS for defense
applications by combining the capabilities of ISR drones with
precision strike payloads. The company is an established leader in
the sUAS (Group 1) space with its flagship Teal 2 aircraft. As part
of the new family of systems, Red Cat is introducing FANG™, a new
First-Person View (FPV) drone with precision strike payload
capabilities. The FPV drone is currently undergoing Blue UAS
certification. The acquisition of FlightWave’s Edge 130 rounds out
the family of systems, which will include all current and future
Teal models.
“The entire nature of warfare and use of drone technology is
undergoing a fundamental shift, and this new family of systems will
completely disrupt the traditional ISR and loitering munition
systems market,” said Jeff Thompson, Red Cat CEO. “Warfighters will
be able to choose the right combination of drones and payloads for
their specific missions and have access to an ecosystem of tactical
AI, computer vision, and machine learning software that can
positively identify threats and then have the option to engage and
eliminate those targets.”
Red Cat’s new family of low-cost and portable unmanned ISR and
precision lethal strike systems includes three aircraft with
complementary capabilities and a common Ground Control System (GCS)
such as the Android Tactical Assault Kit (ATAK) for multi-vehicle
command and control:
- The Edge 130 Blue, a Hybrid VTOL system, can be assembled and
ground or hand-launched in just one minute by a single user to
capture high-accuracy aerial imagery with long-range autonomy.
Weighing only 1200g, the Edge can fly for over 2 hours in forward
flight mode, an industry-leading endurance among all other Blue UAS
approved drones available.
- Teal 2 and future variants are cost-effective, man-portable
sUAS designed to “Dominate the Night™” that has best-in-class night
vision, multi-vehicle control, and a fully modular design. Teal 2
has a flight time of 30 minutes and it is both Blue UAS Certified
and FAA Remote ID approved. Used together with FPV strike drones,
Teal drones can be used to provide battle damage assessment once a
target has been engaged.
- FANG™, an FPV drone with a flight time of 10 minutes (under
development and undergoing Blue UAS certification), will add
surgical strike capabilities. Warfighters can combine and deploy
these FPV drones with lethal payloads and ISR drones based on the
mission profile for seek and destroy capabilities.
“We are at the forefront of a new innovation cycle for the drone
industry,” said George Matus, Red Cat CTO. “Technology integrations
and partnerships that connect and optimize this new family of
systems will play a significant role in its success. Open
architecture and established relationships with some of the leading
hardware and software companies in autonomy, AI, machine learning
and computer vision will enable us to expand our capabilities over
time.”
The new family of systems will require ongoing industry
collaboration, underpinned by the Red Cat Futures Initiative. Both
through Red Cat’s agile internal research and development, as well
as partnerships, there is significant opportunity to optimize the
family of systems with higher capacity batteries, C2 links,
dedicated Electro-Optical (EO) and thermal payloads, and other
accessories and decision support software. Additionally, Red Cat
has the ability to manufacture these systems at a high production
rate with repeatability to meet the demands of customers
globally.
For more information about the Red Cat family of systems and
capabilities, visit:
https://redcat.red/solutions/family-of-systems/
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, the Edge 130 Blue, and the industry’s
first Blue UAS certified FPV drone, FANG™, optimized for the
defense industry with surgical strike capabilities. Learn more at
www.redcat.red.
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 MediaPhone: (347)
880-2895Email: peter@indicatemedia.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3a218431-f5e2-41dd-82e0-9c0a32aaf0d3
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