Red Cat Signs Contract with U.S. Customs and Border Protection for 106 Teal 2 Drone Systems
20 Setembro 2023 - 7:27AM
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 signed
$1.8 million in contracts with U.S. Customs and
Border Protection (CBP) to provide Teal
2 systems to U.S. Border Patrol.
Teal will deliver 106 Teal
2 drones plus spare parts and training. Border
Patrol is using the Teal
2 to provide supplemental airborne
reconnaissance, surveillance and tracking capability, enhancing
situational awareness for U.S. field commanders and
agents.
The single-source contract is part of a Blanket
Purchase Agreement (BPA) between CBP and five drone
companies, announced in December 2021, with a total
estimated value of $90 million over a five-year
period.
Last October, CBP
had initially ordered 54 Teal drones for
U.S. Border Patrol in a contract worth just over $1
million.
“We are honored to provide this important U.S. agency with
drones that help enable their mission,” said Red Cat CEO Jeff
Thompson. “The Border Patrol pilots are some of the best and their
feedback has been instrumental in Teal 2 enhancements. This
brings our current backlog to over $7.5 million as the Teal 2
revenue continues to accelerate. Red Cat has invested in
a manufacturing facility in Salt Lake City,
Utah, and we’re confident in our ability to
meet order delivery deadlines for
military, government and commercial customers.”
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 AUSA
2023 Annual Meeting & Exposition in Washington, D.C., from
Oct. 9-11.
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.
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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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