Crimson Cat Holdings, Inc. (Nasdaq: RCAT) (“Crimson Cat”), a number one American drone know-how firm, has been chosen because the winner of the U.S. Military’s Quick Vary Reconnaissance (SRR) Program of Document. The manufacturing choice was made after a take a look at and analysis technique of Teal’s subsequent technology sUAS, accomplished by the Military Undertaking 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 Middle.
“It is a highly effective second in time, coming after 5 years of blood, sweat, and tears put into SRR by our unimaginable crew. 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 had been chosen primarily based on soldier suggestions, technical efficiency, quantity manufacturability, and system price. Our high precedence now’s to begin ramping manufacturing of the following technology system, just lately introduced because the Black Widow and WEB, and provides warfighters the instruments they have to 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 know-how, 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 consider this superior know-how will allow the Military to form the battlefield, save troopers’ lives, and function a strong instrument of their arsenal,” mentioned Jeff Thompson, CEO of Crimson Cat. “This long-term contract will give us the potential to proceed to enhance the Black Widow, scale manufacturing and enhance margins.”
“Each the operational and tactical ranges of warfare and maneuver of fight components have advanced 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 will depend on the power to seamlessly transfer information throughout the battlefield. From a tactical perspective, small unmanned aerial techniques which are rucksack transportable are enjoying a significant position in Intelligence Surveillance & Reconnaissance, in addition to surgical strike capabilities primarily based 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 techniques, and the creation of the Crimson Cat Futures Initiative. The corporate is concentrated on ramping manufacturing of Teal’s subsequent technology system to satisfy the Military’s at the moment acknowledged acquisition goal for five,880 techniques, 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 Document, please go to www.redcat.crimson.
About Crimson Cat, Inc.
Crimson Cat (Nasdaq: RCAT) is a drone know-how firm integrating robotic {hardware} and software program for navy, 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 trade’s first line of NDAA compliant FPV drones optimized for navy operations with precision strike capabilities. Be taught extra at www.redcat.crimson.
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