Red Cat Secures $1.6 Million In Contracts for its FlightWave Edge 130 Blue
Red Cat Holdings (Nasdaq: RCAT) has secured $1.6 million in contracts for its FlightWave Edge 130 Blue drones with the U.S. Customs & Border Protection (CBP). The contract was facilitated through Darley and coordinated by the U.S. Defense Logistics Agency. This development comes after Red Cat's acquisition of FlightWave in September 2024, which brought the Edge 130 Blue into its portfolio of unmanned systems.
The Edge 130 Blue is a military-grade tricopter designed for long-range mapping, inspection, surveillance, and reconnaissance. It can be assembled and launched in one minute, has a 60+ minute flight time, and weighs only 1200g. Red Cat CEO Jeff Thompson expressed excitement about continuing their relationship with CBP, which already uses their Teal 2 drones. The company aims to scale up production and expand the Edge 130 Blue's reach to other security and defense forces globally.
Red Cat Holdings (Nasdaq: RCAT) ha ottenuto 1,6 milioni di dollari in contratti per i suoi droni FlightWave Edge 130 Blue con la U.S. Customs & Border Protection (CBP). Il contratto è stato facilitato tramite Darley ed è stato coordinato dalla U.S. Defense Logistics Agency. Questo sviluppo arriva dopo l'acquisizione da parte di Red Cat di FlightWave a settembre 2024, che ha portato l'Edge 130 Blue nel suo portafoglio di sistemi senza pilota.
L'Edge 130 Blue è un tricopter militare progettato per mappature a lungo raggio, ispezioni, sorveglianza e ricognizione. Può essere assemblato e lanciato in un minuto, ha un tempo di volo superiore ai 60 minuti e pesa solo 1200g. Il CEO di Red Cat, Jeff Thompson, ha espresso entusiasmo per il proseguimento della loro relazione con il CBP, che già utilizza i loro droni Teal 2. L'azienda mira ad aumentare la produzione e ampliare la portata dell'Edge 130 Blue ad altre forze di sicurezza e difesa a livello globale.
Red Cat Holdings (Nasdaq: RCAT) ha asegurado 1,6 millones de dólares en contratos para sus drones FlightWave Edge 130 Blue con la U.S. Customs & Border Protection (CBP). El contrato fue facilitado a través de Darley y coordinado por la U.S. Defense Logistics Agency. Este desarrollo se produce después de la adquisición de FlightWave por parte de Red Cat en septiembre de 2024, lo que incorporó el Edge 130 Blue a su cartera de sistemas no tripulados.
El Edge 130 Blue es un tricóptero de grado militar diseñado para mapeo de largo alcance, inspección, vigilancia y reconocimiento. Se puede ensamblar y lanzar en un minuto, tiene un tiempo de vuelo de más de 60 minutos y pesa solo 1200g. El CEO de Red Cat, Jeff Thompson, expresó su entusiasmo por continuar su relación con el CBP, que ya utiliza sus drones Teal 2. La empresa tiene como objetivo aumentar la producción y expandir el alcance del Edge 130 Blue a otras fuerzas de seguridad y defensa en todo el mundo.
Red Cat Holdings (Nasdaq: RCAT)는 미국 세관 및 국경 보호국(CBP)과 함께 160만 달러의 계약을 체결했습니다. 이 계약은 Darley를 통해 진행되었으며 미국 방위 물류 기구(DLA)에 의해 조정되었습니다. 이 개발은 Red Cat이 2024년 9월 FlightWave를 인수한 뒤에 이루어진 것으로, Edge 130 Blue가 무인 시스템 포트폴리오에 추가되었습니다.
Edge 130 Blue는 장거리 매핑, 점검, 감시 및 정찰을 위해 설계된 군용 트리콥터입니다. 조립 및 발사가 1분 이내에 가능하며, 비행 시간은 60분 이상, 무게는 단 1200g입니다. Red Cat의 CEO인 Jeff Thompson은 CBP와의 관계를 지속하게 되어 기쁘다며, CBP가 이미 Teal 2 드론을 사용하고 있다고 밝혔습니다. 이 회사는 생산을 증가시키고 Edge 130 Blue의 범위를 전 세계 다른 보안 및 방위군으로 확장하는 것을 목표로 하고 있습니다.
Red Cat Holdings (Nasdaq: RCAT) a obtenu 1,6 million de dollars en contrats pour ses drones FlightWave Edge 130 Blue avec la U.S. Customs & Border Protection (CBP). Le contrat a été facilité par Darley et coordonné par la U.S. Defense Logistics Agency. Ce développement intervient après l'acquisition de FlightWave par Red Cat en septembre 2024, qui a intégré l'Edge 130 Blue dans son portefeuille de systèmes sans pilote.
L'Edge 130 Blue est un tricoptère de qualité militaire conçu pour la cartographie longue portée, l'inspection, la surveillance et la reconnaissance. Il peut être assemblé et lancé en une minute, a un temps de vol de plus de 60 minutes et pèse seulement 1200 g. Le PDG de Red Cat, Jeff Thompson, a exprimé son enthousiasme à l'idée de poursuivre leur relation avec le CBP, qui utilise déjà leurs drones Teal 2. L'entreprise vise à augmenter la production et à étendre la portée de l'Edge 130 Blue vers d'autres forces de sécurité et de défense à l'échelle mondiale.
Red Cat Holdings (Nasdaq: RCAT) hat 1,6 Millionen Dollar an Verträgen gesichert für seine FlightWave Edge 130 Blue Drohnen mit der U.S. Customs & Border Protection (CBP). Der Vertrag wurde über Darley vermittelt und von der U.S. Defense Logistics Agency koordiniert. Diese Entwicklung erfolgt nach der Übernahme von FlightWave durch Red Cat im September 2024, die das Edge 130 Blue in ihr Portfolio unbemannter Systeme aufgenommen hat.
Das Edge 130 Blue ist ein militärischer Tricopter, der für Langstrecken-Mapping, Inspektionen, Überwachung und Aufklärung entwickelt wurde. Es kann in einer Minute zusammengebaut und gestartet werden, hat eine Flugzeit von über 60 Minuten und wiegt nur 1200g. Red Cats CEO Jeff Thompson äußerte seine Begeisterung, die Beziehung zur CBP fortzusetzen, die bereits ihre Teal 2 Drohnen nutzt. Das Unternehmen hat zum Ziel, die Produktion zu steigern und die Reichweite des Edge 130 Blue auf andere Sicherheits- und Verteidigungskräfte weltweit auszudehnen.
- Secured $1.6 million in contracts for Edge 130 Blue drones with U.S. Customs & Border Protection
- Acquisition of FlightWave in September 2024 expanded Red Cat's drone portfolio
- Edge 130 Blue offers industry-leading 60+ minute flight time among Blue UAS-approved drones
- Potential for scaling up production and expanding to other security and defense forces globally
- None.
Insights
The
Key points to consider:
- The acquisition of FlightWave in September 2024 is already showing returns, indicating strategic synergy.
- The contract leverages existing relationships with CBP, suggesting potential for repeat business and expansion.
- The Edge 130 Blue's Blue UAS approval and military-grade specifications position it well for further government contracts.
- While promising, investors should note that this contract alone is unlikely to significantly impact the company's financials in the short term.
The long-term outlook appears positive, but sustained growth will depend on Red Cat's ability to secure larger contracts and expand its customer base in the defense and security sectors.
The Edge 130 Blue drone's capabilities make it a strong contender in the military and border security markets. Its key features include:
- Rapid deployment: Assembly and launch in one minute by a single operator
- Impressive endurance: 60+ minute flight time in forward mode
- Lightweight design: Only 1200g, enhancing portability
- Versatility: Suitable for mapping, inspection, surveillance and reconnaissance
The recent TACFI award for advanced enhancements suggests ongoing innovation, which is important in the fast-evolving drone technology space. The Edge 130 Blue's Blue UAS certification is particularly significant, as it meets stringent government security requirements, potentially opening doors to additional federal contracts.
Red Cat's strategy of acquiring and scaling up production of specialized drones like the Teal 2 and now the Edge 130 Blue positions them well in the competitive defense drone market. However, they'll need to maintain technological edge and production efficiency to capitalize on this potential.
Company deepens relationship with U.S Customs & Border Protection
SAN JUAN, Puerto Rico, Oct. 08, 2024 (GLOBE NEWSWIRE) -- 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 it secured
FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.
“We are excited to continue our relationship with the U.S. Customs & Border Protection, the largest federal law enforcement agency that already uses our Teal 2 drones for enhanced situational awareness with supplemental airborne reconnaissance, surveillance and tracking,” said Jeff Thompson, Red Cat CEO. “Following our playbook from the acquisition and growth of our flagship Teal drones, we are well positioned to scale up production and get the Edge 130 Blue into the hands of our current customers like the CBP, as well as other security and defense forces around the world.”
The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.
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.
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 Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. 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.
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