Red Cat Subsidiary Teal Drones Receives Contract Now Totaling $5.2M to Supply Teal 2 Drone to US Defense Logistics Agency
23 Agosto 2023 - 8:30AM
Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"),
a drone technology company integrating robotic hardware and
software for military, government and commercial operations, today
announces that subsidiary Teal Drones has received a second $2.6
million purchase order to supply Teal 2 systems to the
U.S. Defense Logistics Agency (DLA).
Teal will deliver an additional 172 units of the Teal 2 drone
plus spare parts and training. Previously, on Aug. 8, Red Cat
announced an initial order from the DLA for 172 units, also
totaling $2.6 million. Combined, the two orders now total $5.2
million.
Both orders were requested by U.S. Air Force
Security Forces, whose role is to defend Air Force bases
and installations.
“The Air Force needs to secure its airfields and bases 24/7, and
the Teal 2 offers the highest-resolution night vision in its
class,” said Red Cat CEO Jeff Thompson. “We’re honored that
the Air Force has now doubled its order, to more than $5
million.”
The procurements were sourced by global operations support
company Noble Supply & Logistics, LLC (NOBLE) as part
of the DLA’s Special Operational Equipment Tailored
Logistics Support (SOE TLS) Program.
NOBLE is a DLA-designated provider for the SOE TLS
Program. This 10-year program, capped
at $33 billion, covers the delivery
of logistics support to federal agencies,
military bases and other DLA customers
worldwide, helping them meet their SOE
requirements.
Approved by the U.S. Department of Defense as Blue UAS and
available to purchase through the federal government’s GSA
Advantage website, the Teal 2 is designed to Dominate the Night™ as
the world’s leading small drone for night operations. The Teal 2 is
the first sUAS to be equipped with Teledyne FLIR’s new Hadron 640R
sensor, providing end users with the highest-resolution thermal
imaging in a small form factor.
The Teal 2 also features the latest
intelligence, surveillance and reconnaissance technology,
delivering time-critical information and enabling operators to make
faster, smarter decisions. The system offers multi-vehicle control
and artificial intelligence capabilities.
Red Cat will exhibit the Teal 2 at the Defence and Security
Equipment International (DSEI) trade show in London from Sept.
12-15.
To view a spec sheet for the Teal 2, click
here. To
watch a short video about the Teal 2, click
here.
About Red Cat Holdings, Inc. Red Cat
(Nasdaq: RCAT) is a drone technology company integrating robotic
hardware and software for military, government and commercial
operations. Red Cat’s solutions are designed to “Dominate the
Night™” and include the Teal 2, a small unmanned system offering
the highest-resolution thermal imaging in its class. Learn more at
www.redcatholdings.com.
About NOBLENOBLE drives mission success with
world-class products, logistics, services, and training through
accelerated procurement. The company's footprint includes operation
centers, distribution centers, and consolidation points positioned
to expedite delivery and enhance global product availability. In
addition to distributing 13,000 manufacturer brands, NOBLE offers
specialized technical and training services for customers. The
company's capabilities include supply and support for Aerospace,
C5ISR, CBRNE, Expeditionary, MRO, and Tactical requirements. NOBLE
uses an established supply chain, existing vendor relationships,
and a vast catalog to lower costs and increase selection and
availability. As a result, NOBLE reduces the cost of readiness
while maintaining the ability to respond rapidly to today's
challenges. 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 NEWS MEDIA: Dalton
Agency Phone: (615) 515-4891 Email:
redcat@daltonagency.com
INVESTORS: CORE IR Phone: (516) 222-2560 Email:
investors@redcat.red Website:
https://www.redcatholdings.com
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