Red Cat Ships Teal-2 Drones to Florida Army National Guard to Assist with Hurricane Milton Disaster Response

Rhea-AI Summary

Red Cat Holdings (Nasdaq: RCAT) is fulfilling an order for its Teal 2 drones from the Florida Army National Guard to support disaster response efforts following Hurricane Milton. The drones will assist in damage assessment and search and rescue missions in the aftermath of the hurricane, which has left over 3 million people without power.

The Teal 2 system, built by Red Cat subsidiary Teal Drones, is designed for military operations, public safety organizations, and government agencies. It features best-in-class night vision, multi-vehicle control support, and a modular design. The drone is Blue UAS Certified and FAA Remote ID approved, making it suitable for various applications in challenging environments.

Positive

• Secured order from Florida Army National Guard for Teal 2 drones
• Teal 2 drones to be used in disaster response efforts, expanding market applications
• Teal 2 system is Blue UAS Certified and FAA Remote ID approved, enhancing its market appeal

Negative

• None.

Insights

Defense Technology Analyst

The deployment of Teal-2 drones to assist in Hurricane Milton disaster response showcases the versatility of Red Cat's technology beyond military applications. This move could potentially open up new market opportunities in the disaster response and public safety sectors. The drones' night vision capabilities and multi-vehicle control support are particularly valuable for search and rescue operations in challenging post-hurricane conditions. Red Cat's ability to quickly fulfill orders for real-world emergencies demonstrates operational efficiency and could lead to increased interest from government agencies. The Blue UAS Certification and FAA Remote ID approval highlight the company's compliance with stringent regulations, which is important for securing government contracts. While this specific order may not significantly impact immediate financials, it enhances Red Cat's reputation and could lead to larger contracts in the future, potentially boosting long-term investor value.

Emergency Management Specialist

The deployment of Teal-2 drones in the aftermath of Hurricane Milton represents a significant advancement in disaster response capabilities. These drones offer important advantages in damage assessment and search and rescue missions, potentially saving lives and streamlining recovery efforts. The ability to "Dominate the Night" with superior night vision is particularly valuable in post-disaster scenarios where power outages are common. The modular design allows for quick adaptations to specific mission requirements, enhancing operational flexibility. This real-world application serves as a powerful case study for other emergency management agencies, potentially driving increased adoption of drone technology in disaster response. For Red Cat, this deployment could lead to expanded partnerships with state and federal emergency management organizations, opening up a substantial market beyond its primary defense focus.

SAN JUAN, Puerto Rico, Oct. 11, 2024 (GLOBE NEWSWIRE) --  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it is fulfilling an order by the Florida Army National Guard for its Teal 2 drones. The drones will be used to support the ongoing disaster response to Hurricane Milton, which has left more than 3 million people without power.

“Our drones are specifically designed for the defense industry, but we understand that our warfighters’ roles extend beyond combat, especially during natural disasters,” said Jeff Thompson, CEO of Red Cat. “Small, portable drones like our Teal 2, built for the toughest environments, can be invaluable for first responders in damage assessment and search and rescue missions. We are proud to support the Florida Army National Guard soldiers in their efforts to assist with the aftermath in Milton.”

Red Cat subsidiary Teal Drones builds its Teal 2 system, designed to support U.S. and allied military operations, public safety organizations, and government agencies, at its Utah facility. Teal 2 is a cost-effective, man-portable sUAS designed to "Dominate the Night™" that has best-in-class night vision, multi-vehicle control support, and a fully modular design. It is both Blue UAS Certified and FAA Remote ID approved.

About Red Cat, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry's first line of NDAA compliant FPV drones optimized for military operations with precision 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 Form 10-K filed with the Securities and Exchange Commission on August 8, 2024. 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.

Contact:

INVESTORS:
E-mail: Investors@redcat.red

NEWS MEDIA:
Phone: (347) 880-2895
Email: peter@indicatemedia.com

FAQ

What is the purpose of Red Cat's Teal 2 drones in Florida?

Red Cat's Teal 2 drones are being used by the Florida Army National Guard to support disaster response efforts following Hurricane Milton, assisting in damage assessment and search and rescue missions.

How many people were affected by Hurricane Milton according to the RCAT press release?

According to the press release, Hurricane Milton has left more than 3 million people without power.

What are the key features of Red Cat's Teal 2 drone system?

The Teal 2 drone system features best-in-class night vision, multi-vehicle control support, a fully modular design, and is both Blue UAS Certified and FAA Remote ID approved.

Where does Red Cat manufacture its Teal 2 drones?

Red Cat's subsidiary, Teal Drones, builds the Teal 2 system at its facility in Utah.