Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions
09 Abril 2024 - 9:01AM
Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone
technology company integrating robotic hardware and software for
military, government, and commercial operations, announces a
partnership with Ocean Power Technologies, Inc. (NYSE American:
OPTT) (“OPT”), a leader in innovative and cost-effective low-carbon
marine power, data, and service solutions. The partnership will
enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to
deploy Teal 2 Drones as part of their strategy to leverage
autonomous vehicles to assess and address maritime threats in real
time.
“Partnering with Ocean Power Technologies is a significant part
of our strategy to address the needs and requirements of the
Pentagon’s Replicator Initiative with drone and swarming
capabilities across multiple domains, including maritime missions,”
said George Matus, Red Cat’s Chief Technology Officer. “We see
significant opportunity for drones to extend ocean surveillance and
situational awareness alongside autonomous surface vehicles to
quickly move data across the air and sea while increasing the
safety of reconnaissance teams and warfighters.”
Red Cat’s collaboration with Ocean Power Technologies and
integration with OPT’s maritime domain awareness solution adds to
its robust tactical ecosystem of partnerships with leading
companies to provide the best solutions to clients for their
tactical missions. Other Red Cat hardware and software partners
include Primordial Labs, Tomahawk Robotics, Athena AI, Teledyne
FLIR, Reveal Technology, Immervision, and Doodle Labs, which enable
capabilities such as computer vision, AI, and third-party apps.
“Our core mission is to provide advanced autonomy solutions for
greater maritime situational awareness for a variety of science and
technology applications, including defense and security missions,”
said Matt Burdyny, Chief Commercial Officer of Ocean Power
Technologies. “As technology plays an increasingly important role
in naval shoreline and border protection, as well as potential
battlefield scenarios, partnerships like this one with Red Cat are
key to increasing mission range and endurance for existing manned
and unmanned assets that are part of a larger defense network.”
Red Cat subsidiary Teal Drones builds its Teal 2 drone
solutions, designed to support U.S. and allied military operations,
public safety organizations, and government agencies, at its South
Salt Lake facility. Teal 2 is a cost-effective, man-portable sUAS
designed to “Dominate the Night™” that has best-in-class night
vision, multi-vehicle control support, and a fully modular design.
It is both Blue UAS Certified and FAA Remote ID approved.
OPT’s PowerBuoy® can act as an Uninterruptable Power Supply
(UPS) which constantly recharges itself by harvesting energy from
the waves. It is ocean-deployed, moored and floats over the
point of use and can operate in any ocean depth over 20 meters and
up to 3,000 meters (3 km). Through its Marine Advanced Robotics
subsidiary, OPT offers the WAM-V® — or Wave Adaptive Modular
Vessel — an innovative class of autonomous surface vehicles (ASVs)
that uses an articulating suspension system to minimize structural
loading.
About Red Cat, 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.redcat.red.
About Ocean Power Technologies:OPT
provides intelligent maritime solutions and services that enable
safer, cleaner, and more productive ocean operations for the
defense and security, oil and gas, science and research, and
offshore wind markets. Our PowerBuoy® platforms provide clean and
reliable electric power and real-time data communications for
remote maritime and subsea applications. We also provide WAM-V®
autonomous surface vessels (ASVs) and marine robotics services. The
Company’s headquarters is in Monroe Township, New Jersey and has an
additional office in Richmond, California. To learn more,
visit www.OceanPowerTechnologies.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 INVESTORS:Email: Investors@redcat.red
NEWS MEDIA:INDICATE MEDIAPhone: (347)
880-2895Email: peter@indicatemedia.com
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