Crimson Cat Holdings, Inc. (Nasdaq: RCAT) (“Crimson Cat”), a number one American drone expertise firm, has been chosen because the winner of the U.S. Military’s Quick Vary Reconnaissance (SRR) Program of Report. The manufacturing choice was made after a check and analysis technique of Teal’s subsequent era sUAS, accomplished by the Military Challenge Administration Workplace for Uncrewed Plane Programs, Military Maneuver Battle Lab, Military Take a look at and Analysis Command, and Military Operational Take a look at Heart.
“It is a highly effective second in time, coming after 5 years of blood, sweat, and tears put into SRR by our unimaginable group. The long-awaited manufacturing choice marks a brand new period for our firm and the way forward for American drones,” mentioned George Matus, founding father of Teal and CTO of Crimson Cat. “We have been chosen based mostly on soldier suggestions, technical efficiency, quantity manufacturability, and system price. Our prime precedence now could be to begin ramping manufacturing of the subsequent era system, lately introduced because the Black Widow and WEB, and provides warfighters the instruments they should be profitable on the fashionable battlefield.”
“Warfare has undergone a dramatic transformation over the previous two years, with a big shift in the direction of drone expertise, exemplified by the SRR Black Widow. It’s an honor to help the U.S. Military by delivering the Black Widow to our warfighters. We imagine this superior expertise will allow the Military to form the battlefield, save troopers’ lives, and function a robust software of their arsenal,” mentioned Jeff Thompson, CEO of Crimson Cat. “This long-term contract will give us the aptitude to proceed to enhance the Black Widow, scale manufacturing and enhance margins.”
“Each the operational and tactical ranges of warfare and maneuver of fight parts have developed considerably over the previous couple of years,” mentioned Paul Edward Funk II, retired 4-Star Military Normal and Crimson Cat board member. “Operational success right this moment is determined by the power to seamlessly transfer information throughout the battlefield. From a tactical perspective, small unmanned aerial methods which are rucksack transportable are enjoying an important function in Intelligence Surveillance & Reconnaissance, in addition to surgical strike capabilities based mostly on the real-time wants of the warfighter.”
The SRR contract choice builds on important momentum for Crimson Cat, with the acquisition of FlightWave Aerospace, the announcement of the ARACHNID™ household of methods, and the creation of the Crimson Cat Futures Initiative. The corporate is targeted on ramping manufacturing of Teal’s subsequent era system to satisfy the Military’s presently said acquisition goal for five,880 methods, which is topic to alter over the 5 yr interval of efficiency. Crimson Cat can also be making ready to satisfy elevated demand throughout the remainder of the U.S. DoD, federal authorities, and allied international locations, to help operators and warfighters globally.
For extra details about Crimson Cat and the U.S. Military’s Quick-Vary Reconnaissance Program of Report, please go to www.redcat.purple.
About Crimson Cat, Inc.
Crimson Cat (Nasdaq: RCAT) is a drone expertise firm integrating robotic {hardware} and software program for army, authorities, and industrial operations. By way of two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Crimson Cat has developed a modern Household of Programs together with the flagship Black Widow™, a small unmanned system providing essentially the most superior capabilities in its class, TRICHON™ mounted wing VTOL for prolonged endurance and vary, and FANG™, the business’s first line of NDAA compliant FPV drones optimized for army operations with precision strike capabilities. Be taught extra at www.redcat.purple.
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