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 File. The manufacturing choice was made after a check and analysis means of Teal’s subsequent era sUAS, accomplished by the Military Undertaking Administration Workplace for Uncrewed Plane Techniques, Military Maneuver Battle Lab, Military Take a look at and Analysis Command, and Military Operational Take a look at Middle.
“This can be a highly effective second in time, coming after 5 years of blood, sweat, and tears put into SRR by our unimaginable workforce. The long-awaited manufacturing choice marks a brand new period for our firm and the way forward for American drones,” stated 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 high precedence now could be to start out ramping manufacturing of the following era system, not too long ago introduced because the Black Widow and WEB, and provides warfighters the instruments they must be profitable on the fashionable battlefield.”
“Warfare has undergone a dramatic transformation over the previous two years, with a major shift in direction of drone expertise, exemplified by the SRR Black Widow. It’s an honor to assist 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 device of their arsenal,” stated 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 battle and maneuver of fight components have developed considerably over the previous couple of years,” stated Paul Edward Funk II, retired 4-Star Military Common and Crimson Cat board member. “Operational success as we speak is determined by the flexibility to seamlessly transfer knowledge throughout the battlefield. From a tactical perspective, small unmanned aerial programs which are rucksack moveable are taking part in a significant 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 vital momentum for Crimson Cat, with the acquisition of FlightWave Aerospace, the announcement of the ARACHNID™ household of programs, and the creation of the Crimson Cat Futures Initiative. The corporate is concentrated on ramping manufacturing of Teal’s subsequent era system to satisfy the Military’s presently said acquisition goal for five,880 programs, which is topic to vary over the 5 yr interval of efficiency. Crimson Cat can also be getting ready to satisfy elevated demand throughout the remainder of the U.S. DoD, federal authorities, and allied nations, to assist operators and warfighters globally.
For extra details about Crimson Cat and the U.S. Military’s Quick-Vary Reconnaissance Program of File, 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 business operations. Via two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Crimson Cat has developed a modern Household of Techniques together with the flagship Black Widow™, a small unmanned system providing essentially the most superior capabilities in its class, TRICHON™ fastened 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. Study extra at www.redcat.purple.
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