Red Cat Holdings Promotes Geoffrey Hitchcock to Chief Revenue Officer
28 November 2024 - 12:00AM
Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone
technology company building hardware and software for military,
government, and commercial operations, today announced the
promotion of Geoffrey Hitchcock to Chief Revenue Officer (CRO).
Hitchcock previously served as the General Manager for Teal Drones
(a Red Cat subsidiary), where he was responsible for building a
global sales organization for its hardware and software solutions.
“Geoff has been instrumental in shaping Red Cat’s success in the
global DefenseTech market,” said Jeff Thompson, CEO of Red Cat
Holdings. “His strategic vision, deep understanding of our customer
needs, and leadership continue to deliver outstanding results. As
Chief Revenue Officer, Geoff will lead our efforts to accelerate
growth and scale our revenue strategies, ensuring Red Cat continues
to thrive in the rapidly evolving drone technology landscape.”
In his previous roles at Red Cat, Hitchcock spearheaded key
initiatives that strengthened Red Cat’s position as a trusted
provider of unmanned systems for the U.S. Department of Defense and
NATO allies. He led the company’s efforts to secure major
contracts, including its award of the U.S. Army’s Short Range
Reconnaissance Program of Record.
“It’s an honor to take on this new role at Red Cat during such a
pivotal time for our company,” said Hitchcock. “Red Cat’s
commitment to delivering drone technology aligns with the growing
needs of defense and government sectors worldwide. I’m eager to
lead our revenue operations and ensure our solutions continue to
exceed the expectations of our customers and stakeholders.”
As CRO, Hitchcock will oversee all revenue-generating
operations, focusing on driving strategic partnerships, expanding
Red Cat’s market reach, and furthering its leadership in the
development of innovative unmanned systems.
This promotion comes at a time of significant momentum for Red
Cat. The company recently announced the production selection of its
Black Widow drones for the U.S. Army’s SRR Program. Black Widow is
the flagship system in Red Cat’s ARACHNID™ Family of Systems that
the company is developing to address the evolving needs of
warfighters globally.
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 leading-edge Family of Systems. This
includes the flagship Black Widow™, a small unmanned ISR system
that was awarded the U.S. Army’s Short Range Reconnaissance (SRR)
Program of Record contract. The Family of Systems also includes
TRICHON™, a fixed wing VTOL 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 StatementsThis 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 July 27, 2023. 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) 880-2895Email:
redcat@indicatemedia.com
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