Utah Gov. Visits Red Cat Holdings Subsidiary Teal Drones to Discuss State Support for Local Defense Industry
Red Cat Holdings, Inc. (Nasdaq: RCAT) announced that Utah Gov. Spencer Cox toured its subsidiary Teal Drones on January 25, 2023, to learn about its operations and impact in the aerospace and defense sectors. The visit aimed to explore state support for Teal's growth and the broader industry in Utah. Teal is certified as Blue UAS and is one of three manufacturers involved in the U.S. Army’s Short Range Reconnaissance Tranche 2 (SRR T2) program, focusing on military-grade drones for reconnaissance. The tour highlights a growing commitment to rebuild America’s defense industrial base, particularly in drone technology.
- Teal Drones is recognized as a certified Blue UAS, allowing it to supply the U.S. military.
- Involvement in the U.S. Army’s SRR T2 program enhances Teal's visibility and credibility in the defense sector.
- Gov. Cox's visit indicates strong state support for Teal, potentially leading to favorable regulatory environments.
- None.
Gov. Cox’s tour of Teal’s Salt Lake City HQ was organized by newly created Utah Aerospace and Defense Association
SAN JUAN, Puerto Rico, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a military technology company integrating robotic hardware and software to protect and support the warfighter, reports that Utah Gov. Spencer Cox recently toured the Salt Lake City HQ of Red Cat subsidiary Teal Drones.
The visit, which took place on Jan. 25, was designed to help educate the governor on Teal’s operations, the company’s impact on the national aerospace and defense industries, and the opportunities and challenges facing the local industries in Utah.
“We discussed ways in which the state can support our efforts across regulation and deployments,” said Teal Founder and CEO George Matus. “The sky is literally the limit for Teal, and we’re grateful for the governor’s interest in aiding the growth of our company and Utah’s broader aerospace and defense sector.”
Gov. Cox’s tour of Teal’s facilities included meet-and-greets with various department heads, enabling the governor to learn more about engineering, testing, manufacturing, supply chain and compliance for Teal’s military-grade drone products.
"For far too long, we have ceded the building of drones to China and other places,” said Gov. Cox. “We are bringing that back and Utah is at the center of that. Teal is an incredible company that is making a difference with defense-focused drones.”
Teal is certified as “Blue UAS,” a designation awarded to select manufacturers authorized to provide equipment to the U.S. military. Teal is also one of only three drone manufacturers invited to participate in the U.S. Army’s Short Range Reconnaissance Tranche 2 (SRR T2). The SRR T2 program seeks to deliver a portable small uncrewed aerial system (sUAS) that can be used by army platoons for surveillance and reconnaissance duties, as well as to improve situational awareness.
Gov. Cox’s visit to Teal HQ was organized by the newly created Utah Aerospace and Defense Association (UADA), of which the governor is a strong supporter. UADA was established in 2022 to solve challenges associated with innovation, entrepreneurship, workforce development and supply chains for companies in the aerospace and defense industries. According to its website, UADA is working with the governor’s office, the Utah System of Higher Education and industry leaders in “Building the World’s Premier Ecosystem for Aerospace & Defense Companies in Utah.”
“Teal is deepening its relationship with UADA to help accelerate the rebuilding of America’s defense industrial base, specifically for drones,” said Matus. “UADA has expressed its support for our company and we look forward to a continued relationship with the association and the governor’s office.”
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a military technology company that integrates robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters and battlefield commanders. Its mission is to enhance the effectiveness and safety of military operations domestically and globally – and to “Dominate the Night.” Red Cat’s suite of solutions includes Teal Drones, developer of the Golden Eagle, a small unmanned system with the highest resolution imaging for nighttime operations, and Skypersonic, a leading provider of unmanned aircraft for interior spaces and other dangerous environments. Learn more at https://www.redcatholdings.com.
Forward Looking Statements
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Contacts
NEWS MEDIA:
Anthony Priwer
Dalton Agency
Phone: (615) 515-4891
Email: apriwer@daltonagency.com
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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/11ff5c7b-63de-4c1e-8187-cc2575aacd60
FAQ
What is the significance of Governor Cox's visit to Teal Drones on January 25, 2023?
How is Teal Drones affiliated with the U.S. military?
What role does the Utah Aerospace and Defense Association (UADA) play in supporting Teal Drones?
What are the future prospects for Red Cat Holdings, Inc. after the governor's visit?
