Red Cat to Supply FlightWave Edge 130 Blue Systems to Royal Australian Navy
29 October 2024 - 6:25AM
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 a
new contract and order for 12 of its FlightWave Edge 130 Blue
system from the Royal Australian Navy. The contract was secured
through Criterion Solutions Pty Ltd., an Australian-based
distributor of intelligence, surveillance, reconnaissance and
information technology solutions.
FlightWave, an industry-leading provider of VTOL
drone, sensor and software solutions was acquired by Red Cat in
September 2024. The acquisition brought FlightWave’s flagship
drone, the Edge 130 Blue into its family of low-cost, portable
unmanned reconnaissance and precision lethal strike systems.
FlightWave’s size, weight and vertical take off capabilities makes
it ideal for maritime operations and littoral environments.
“Our mission is to equip warfighters around the
globe with cutting-edge sUAS technology. The Edge 130 Blue, with
its advanced long-range surveillance and reconnaissance
capabilities, offers a significant advantage in maritime and other
challenging environments,” stated Jeff Thompson, CEO of Red Cat.
“We are excited to expand our partnership with the Australian
defense forces through this initial tranche of Edge 130 units.
Their investment in small ISR and precision strike drones is vital
for enhancing security and stability in the Indo-Pacific
region.”
The Edge 130 Blue is a UAS-certified military-grade
tricopter for long-range mapping, inspection, surveillance, and
reconnaissance needs. Designed specifically for government and
military applications, the Edge 130 Blue can be assembled and
hand-launched in just one minute by a single user to capture
high-accuracy aerial imagery with medium-range autonomy. Weighing
in at only 1200g, the Edge has a 60+ minute flight time in forward
mode, an industry-leading endurance among all other Blue
UAS-approved drones available.
Earlier this month, Red Cat introduced its
ARACHNID™ family of unmanned intelligence, surveillance, and
reconnaissance (ISR) and precision strike systems at AUSA 2024
Annual Meeting and Exposition in Washington D.C. As part of its
ongoing innovation, Red Cat’s product roadmap includes TRICHON™,
which will build upon the FlightWave Edge 130 Blue.
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.
About FlightWaveFlightWave
Aerospace Systems Corporation is an industry leading manufacturer
of dual-use VTOL drones, sensors and software solutions located in
Santa Monica, CA. FlightWave designs and manufactures the Edge 130
VTOL drone and payload cameras for the commercial, defense,
security, and intelligence markets. The fully-autonomous Edge 130
sUAS has the best flight endurance in the industry and with AI edge
compute capabilities, provides superior aerial data capture to both
the commercial and defense markets.
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
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