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Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation

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Palladyne AI Corp. (NASDAQ: PDYN) and Red Cat Holdings, Inc. (NASDAQ: RCAT) have announced a partnership to enhance the autonomous capabilities of Red Cat's Teal drones using Palladyne AI's Pilot software. The collaboration aims to integrate artificial intelligence into Teal drones, enabling autonomous operation and advanced features.

Palladyne AI's Pilot software will facilitate persistent detection, tracking, and classification of objects by synthesizing multi-modal sensor fusion data in real-time. This integration is expected to create a network of collaborating drones and sensors that self-orchestrate, providing superior intelligence, surveillance, and reconnaissance capabilities.

The partnership will showcase their combined system capabilities at the Association of the United States Army (AUSA) annual meeting from October 14-16, 2024, in Salt Lake City. Palladyne AI will join Red Cat at the AUSA conference in booth 330 and participate in joint marketing initiatives throughout the year.

Palladyne AI Corp. (NASDAQ: PDYN) e Red Cat Holdings, Inc. (NASDAQ: RCAT) hanno annunciato una partnership per migliorare le capacità autonome dei droni Teal di Red Cat utilizzando il software Pilot di Palladyne AI. La collaborazione mira a integrare l'intelligenza artificiale nei droni Teal, permettendo operazioni autonome e funzionalità avanzate.

Il software Pilot di Palladyne AI faciliterà la rilevazione, il tracciamento e la classificazione persistente degli oggetti, sintetizzando in tempo reale i dati di fusione dei sensori multimodali. Questa integrazione dovrebbe creare una rete di droni e sensori collaborativi che si autogestiranno, offrendo superiori capacità d'intelligenza, sorveglianza e ricognizione.

La partnership presenterà le capacità del sistema combinato al meeting annuale dell'Associazione degli Stati Uniti per l'Esercito (AUSA) che si terrà dal 14 al 16 ottobre 2024 a Salt Lake City. Palladyne AI parteciperà con Red Cat alla conferenza AUSA allo stand 330 e parteciperà a iniziative di marketing congiunte durante tutto l'anno.

Palladyne AI Corp. (NASDAQ: PDYN) y Red Cat Holdings, Inc. (NASDAQ: RCAT) han anunciado una asociación para mejorar las capacidades autónomas de los drones Teal de Red Cat utilizando el software Pilot de Palladyne AI. La colaboración tiene como objetivo integrar inteligencia artificial en los drones Teal, permitiendo operaciones autónomas y funciones avanzadas.

El software Pilot de Palladyne AI facilitará la detección, seguimiento y clasificación persistente de objetos sintetizando datos de fusión de sensores multimodales en tiempo real. Se espera que esta integración cree una red de drones y sensores colaborativos que se autoorganizan, proporcionando superiores capacidades de inteligencia, vigilancia y reconocimiento.

La asociación mostrará las capacidades de su sistema combinado en la reunión anual de la Asociación del Ejército de los Estados Unidos (AUSA) del 14 al 16 de octubre de 2024 en Salt Lake City. Palladyne AI se unirá a Red Cat en la conferencia AUSA en el stand 330 y participará en iniciativas de marketing conjuntas durante todo el año.

Palladyne AI Corp. (NASDAQ: PDYN)와 Red Cat Holdings, Inc. (NASDAQ: RCAT)는 Palladyne AI의 Pilot 소프트웨어를 사용하여 Red Cat의 Teal 드론의 자율 기능을 향상시키기 위한 파트너십을 발표했습니다. 이 협력은 인공지능을 Teal 드론에 통합하여 자율 운영 및 고급 기능을 가능하게 하는 것을 목표로 하고 있습니다.

Palladyne AI의 Pilot 소프트웨어는 실시간으로 다중 모드 센서 융합 데이터를 종합하여 지속적인 탐지, 추적 및 분류를 용이하게 합니다. 이 통합은 자율적으로 협력하는 드론과 센서 네트워크를 생성하고 우수한 정보, 감시 및 정찰 능력을 제공할 것으로 예상됩니다.

이 파트너십은 2024년 10월 14일부터 16일까지 솔트 레이크 시티에서 열리는 미국 육군 협회(AUSA) 연례 회의에서 결합된 시스템 기능을 선보일 예정입니다. Palladyne AI는 AUSA 회의에서 Red Cat과 함께 부스 330에서 참여하고 연중 공동 마케팅 이니셔티브에 참여할 것입니다.

Palladyne AI Corp. (NASDAQ: PDYN) et Red Cat Holdings, Inc. (NASDAQ: RCAT) ont annoncé un partenariat pour améliorer les capacités autonomes des drones Teal de Red Cat en utilisant le logiciel Pilot de Palladyne AI. Cette collaboration vise à intégrer l'intelligence artificielle dans les drones Teal, permettant ainsi un fonctionnement autonome et des fonctionnalités avancées.

Le logiciel Pilot de Palladyne AI facilitera la détection, le suivi et la classification persistants des objets en synthétisant des données de fusion de capteurs multimodaux en temps réel. Cette intégration devrait créer un réseau de drones et de capteurs collaboratifs qui s'auto-orchestrent, offrant des capacités supérieures en matière d'intelligence, de surveillance et de reconnaissance.

Le partenariat présentera les capacités de leur système combiné lors de la réunion annuelle de l'Association de l'Armée des États-Unis (AUSA) qui se tiendra du 14 au 16 octobre 2024 à Salt Lake City. Palladyne AI rejoindra Red Cat lors de la conférence AUSA au stand 330 et participera à des initiatives de marketing conjointes tout au long de l'année.

Palladyne AI Corp. (NASDAQ: PDYN) und Red Cat Holdings, Inc. (NASDAQ: RCAT) haben eine Partnerschaft angekündigt, um die autonomen Fähigkeiten der Teal-Drohnen von Red Cat mithilfe der Pilot-Software von Palladyne AI zu verbessern. Die Zusammenarbeit zielt darauf ab, Künstliche Intelligenz in die Teal-Drohnen zu integrieren, um autonome Operationen und fortschrittliche Funktionen zu ermöglichen.

Die Pilot-Software von Palladyne AI wird die dauerhafte Erkennung, Verfolgung und Klassifizierung von Objekten erleichtern, indem sie Daten aus der multisensorischen Fusion in Echtzeit zusammenführt. Diese Integration wird voraussichtlich ein Netzwerk von kooperierenden Drohnen und Sensoren schaffen, die sich selbst organisieren und überlegene Fähigkeiten in den Bereichen Intelligenz, Überwachung und Aufklärung bieten.

Die Partnerschaft wird ihre kombinierten Systemfähigkeiten auf dem Jahrestreffen der Vereinigten Staaten Army Association (AUSA) vom 14. bis 16. Oktober 2024 in Salt Lake City präsentieren. Palladyne AI wird Red Cat am AUSA-Stand 330 begleiten und wird das ganze Jahr über an gemeinsamen Marketinginitiativen teilnehmen.

Positive
  • Partnership aims to enhance autonomous capabilities of Teal drones
  • Integration of Palladyne AI's Pilot software into Red Cat's drone systems
  • Potential for improved intelligence, surveillance, and reconnaissance capabilities
  • Compatibility with existing Teal drones in the field
  • Showcase of combined system capabilities at AUSA annual meeting
Negative
  • None.

Insights

The partnership between Palladyne AI and Red Cat to integrate AI into Teal drones marks a significant advancement in autonomous drone technology. This collaboration aims to enhance the capabilities of Red Cat's already DOD-certified drones with Palladyne's AI software, potentially increasing their market competitiveness and operational value.

Key points to consider:

  • The integration of Palladyne Pilot software could substantially improve the autonomous capabilities of Teal drones, including those already in use.
  • This partnership may expand Red Cat's market reach in defense, public safety and commercial sectors.
  • The ability to create a network of collaborating drones could be a game-changer for intelligence and surveillance operations.
  • The upcoming showcase at the AUSA conference provides an opportunity to gauge military interest and potential contract opportunities.

While this partnership shows promise, investors should monitor for concrete evidence of successful integration and market adoption to assess its true impact on Palladyne AI's future revenue and market position.

This partnership signifies a notable development in the military drone sector. By integrating Palladyne AI's software into Red Cat's Blue UAS Certified drones, the companies are addressing a critical need for advanced, autonomous small drone systems in defense operations.

Key considerations:

  • The U.S. Department of Defense certification of Red Cat's drones provides a strong foundation for potential military contracts.
  • Palladyne AI's software could bridge the capability gap between small, cost-effective drones and larger, more expensive systems.
  • The focus on multi-modal sensor fusion and real-time processing aligns with the military's push for enhanced situational awareness.
  • The ability to upgrade existing field-deployed drones could accelerate adoption and reduce implementation costs for military customers.

Investors should watch for announcements of military trials or contracts following the AUSA conference, as these would be strong indicators of the partnership's success and potential revenue impact for both companies.

Combined system capabilities to be featured at Association of the United States Army (AUSA) annual meeting October 14-16, 2024

SALT LAKE CITY--(BUSINESS WIRE)-- Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQ: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership intended to enhance the autonomous capabilities of all Red Cat’s Teal drones using Palladyne AI’s Pilot software.

Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation (Photo: Business Wire)

Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation (Photo: Business Wire)

Leveraging its years of innovative development work for U.S. Government customers, Palladyne AI is developing an artificial intelligence platform for unmanned systems to enable persistent detection, tracking, and classification of objects of interest by synthesizing multi-modal sensor fusion data in real-time. The AI product for mobile systems, known as “Palladyne Pilot”, will facilitate shared situational awareness across multiple drones and autonomous navigation when integrated with drone autopilot systems. Palladyne Pilot is expected to be made available for all Teal drones, including those already in the field.

Palladyne AI’s artificial intelligence software platform is designed to train and enhance the effectiveness of autonomous, mobile, stationary and dexterous robots. Teal has developed a drone system comprised of two robotic UAVs and related control systems that have earned Blue UAS Certification by the U.S. Department of Defense. The partnership will expand the drone system capabilities, facilitating the creation of a network of collaborating drones and sensors that self-orchestrate to provide superior intelligence, surveillance, and reconnaissance capabilities.

“Red Cat’s partnership approach to delivering the best in class solutions has earned them recognition and certification from the U.S. Department of Defense for their drone systems,” said Ben Wolff, CEO, Palladyne AI. “We are honored to team with Red Cat to offer advanced and effective technology for aerial intelligence needs for defense, public safety, and commercial operations in challenging environments.”

“Palladyne AI is enabling cost-effective small drone platforms that incorporate some of the same autonomy capabilities typically only found on large drone platforms costing tens of millions of dollars,” said George Matus, CTO, Red Cat. “Their Palladyne Pilot autonomy software provides our drone systems with generalizable autonomy that enables a high level of adaptability and performance in challenging environments, materially reducing the cognitive load on drone operators and enhancing the operational capabilities and mission effectiveness of our drone platforms.”

Palladyne AI will join Red Cat at the AUSA conference in booth 330, as well as other joint marketing initiatives throughout the year. For more information, please visit www.palladyneai.com.

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 bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter 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.

About Palladyne AI Corp.

Palladyne AI Corp. (NASDAQ: PDYN) has developed an advanced artificial intelligence (AI) and machine learning (ML) software platform poised to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Our AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response.

The Palladyne AI software solution operates on the edge and dramatically reduces the significant effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to quickly achieve autonomous capabilities even in dynamic and or complex environments. Designed to achieve precise results with minimal training time, limited data sets, and lower power requirements, compared to current solutions, Palladyne AI believes its software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs). Palladyne AI’s approach is expected to elevate the return on investment associated with a diverse range of machines that are fixed, fly, float, or roll.

By enabling autonomy, reducing programming complexity, and enhancing efficiency, we are paving the way for a future where machines can excel in tasks that were once considered beyond their reach.

For more information, please visit www.palladyneai.com and connect with us on LinkedIn at www.linkedin.com/company/palladyneaicorp.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future collaboration and joint marketing between Palladyne AI and Red Cat, the results of the collaboration between Red Cat and Palladyne AI, capabilities or future capabilities of Palladyne AI’s software platform in particular its compatibility with Teal drones, the benefits of Palladyne AI’s software platform when used with Teal drones, the industries that could benefit from Palladyne AI’s software platform and the applicability of Palladyne AI’s software platform to different kinds of machines (such as UAVs, UGVs and ROVs) including Teal’s drones. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Palladyne AI’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Palladyne AI is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Readers should carefully review the statements set forth in the reports which Palladyne AI has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”), in particular the risks and uncertainties set forth in the sections of those reports entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements,” for a description of risks facing Palladyne AI and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Palladyne AI with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

Palladyne AI Corp PR and Investor Contacts:

Press Contact:

PR@palladyneai.com

Investor Contact:

IR@palladyneai.com

Source: Palladyne AI Corp.

FAQ

What is the partnership between Palladyne AI and Red Cat for?

The partnership aims to embed Palladyne AI's artificial intelligence software into Red Cat's Teal drones to enable autonomous operation and enhance their capabilities.

When will Palladyne AI and Red Cat showcase their combined system capabilities?

They will showcase their combined system capabilities at the Association of the United States Army (AUSA) annual meeting from October 14-16, 2024, in Salt Lake City.

What is Palladyne AI's stock symbol?

Palladyne AI's stock symbol is PDYN on the NASDAQ.

What features will Palladyne AI's Pilot software bring to Teal drones?

Palladyne AI's Pilot software will enable persistent detection, tracking, and classification of objects, multi-modal sensor fusion, and autonomous navigation when integrated with drone autopilot systems.

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