Sen. Mitt Romney Visits Red Cat Subsidiary Teal Drones to Discuss Support for U.S. Drone Industry
29 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,
announces that Utah Sen. Mitt Romney recently toured the Salt Lake
City headquarters of Red Cat subsidiary Teal Drones.
The visit, which took place on Aug. 22, was
designed to educate Sen. Romney on Teal’s operations, specifically
its factory that was purpose-built to meet the growing demand for
U.S.-made drones. Sen. Romney met and spoke with Teal’s department
heads and learned more about the engineering, testing,
manufacturing, supply chain and compliance process for Teal’s
products, including the Teal 2, a Blue UAS-certified military-grade
drone.
Sen. Romney is a co-sponsor of the American
Security Drone Act of 2023, which aims to strengthen U.S. drone
manufacturing for national security purposes by prohibiting federal
agencies from purchasing drones made by Chinese government-linked
companies.
“As the United States faces the growing threat of
China, Utah-based companies like Teal Drones are playing key roles
in our national security and industrial base,” said Sen. Romney. “I
enjoyed touring their facility in Salt Lake to better understand
their manufacturing process and discuss ways to decrease America’s
dependence on China for hardware critical to our security.”
“We’re grateful for Sen. Romney’s interest in our
company and his ongoing support for the U.S. drone industry,” said
George Matus, Teal founder and CEO. “The American Security Drone
Act, if passed, will lead to further investment in American UAS,
accelerating our domestic industry’s ability to close the gap with
China and build a strategic deterrence to future conflict.”
Chinese drone manufacturers, including DJI and
Autel, currently lead the industry in sales volumes, though much of
that is due to historical and continued Chinese government
subsidization. This has allowed Chinese drones to flood the global
market and undercut American competition, ultimately creating
dependency, dual-use, and data-flow risks that are now critical to
national security.
“We applaud Sen. Romney for his leadership on the
American Security Drone Act and his unwavering commitment to
American innovation and manufacturing,” said Brendan Stewart, Red
Cat’s VP of regulatory affairs. “It’s critical that our legislators
understand the urgent need for U.S. government investment in the
American drone industry. In the last 15 years, China has made
significant ongoing investments in its domestic drone industry,
achieving a near global monopoly in drone manufacturing. With
China’s imperial ambitions and alliance with Russia in clear focus,
investment in American manufacturing is as urgent of a national
security priority as we have seen in decades. A robust industrial
manufacturing base propelled the United States to a position of
global leadership after World War II and facilitated the greatest
period of economic expansion in American history. This is not only
possible again, but is necessary to maintain our global
standing.”
Officially launched in April, the Teal 2 is
designed to Dominate the Night™ as the world’s leading sUAS 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 offers the latest intelligence, surveillance and
reconnaissance technology, delivering time-critical information and
enabling operators to make faster, smarter decisions.
Having received Blue UAS clearance from the U.S.
Department of Defense (DoD), the Teal 2 joins a select group of
DoD-approved drones for government users. It also recently received
certification from the Federal Aviation Administration (FAA) for
its onboard Remote ID technology for commercial users, which
provides identification and location information that other parties
can receive via a broadcast signal.
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. 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/edeb4e36-a059-4cc5-a9dd-db7fbb474b68.
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