Pink Cat Holdings, Inc. (Nasdaq: RCAT) (“Pink Cat”), a number one American drone expertise firm, has been chosen because the winner of the U.S. Military’s Quick Vary Reconnaissance (SRR) Program of Report. The manufacturing choice was made after a check and analysis means of Teal’s subsequent technology sUAS, accomplished by the Military Mission Administration Workplace for Uncrewed Plane Programs, Military Maneuver Battle Lab, Military Check and Analysis Command, and Military Operational Check Heart.
“It is a highly effective second in time, coming after 5 years of blood, sweat, and tears put into SRR by our unimaginable crew. The long-awaited manufacturing choice marks a brand new period for our firm and the way forward for American drones,” mentioned George Matus, founding father of Teal and CTO of Pink Cat. “We have been chosen based mostly on soldier suggestions, technical efficiency, quantity manufacturability, and system value. Our prime precedence now’s to begin ramping manufacturing of the subsequent technology system, just lately introduced because the Black Widow and WEB, and provides warfighters the instruments they must be profitable on the trendy battlefield.”
“Warfare has undergone a dramatic transformation over the previous two years, with a big shift in direction of drone expertise, exemplified by the SRR Black Widow. It’s an honor to assist the U.S. Military by delivering the Black Widow to our warfighters. We consider this superior expertise will allow the Military to form the battlefield, save troopers’ lives, and function a strong instrument of their arsenal,” mentioned Jeff Thompson, CEO of Pink Cat. “This long-term contract will give us the aptitude to proceed to enhance the Black Widow, scale manufacturing and enhance margins.”
“Each the operational and tactical ranges of struggle and maneuver of fight parts have developed considerably over the previous couple of years,” mentioned Paul Edward Funk II, retired 4-Star Military Basic and Pink Cat board member. “Operational success in the present day depends upon the power to seamlessly transfer knowledge throughout the battlefield. From a tactical perspective, small unmanned aerial techniques which are rucksack moveable are enjoying an important function in Intelligence Surveillance & Reconnaissance, in addition to surgical strike capabilities based mostly on the real-time wants of the warfighter.”
The SRR contract choice builds on important momentum for Pink Cat, with the acquisition of FlightWave Aerospace, the announcement of the ARACHNID™ household of techniques, and the creation of the Pink Cat Futures Initiative. The corporate is concentrated on ramping manufacturing of Teal’s subsequent technology system to fulfill the Military’s at the moment acknowledged acquisition goal for five,880 techniques, which is topic to alter over the 5 12 months interval of efficiency. Pink Cat can also be making ready to fulfill elevated demand throughout the remainder of the U.S. DoD, federal authorities, and allied international locations, to assist operators and warfighters globally.
For extra details about Pink Cat and the U.S. Military’s Quick-Vary Reconnaissance Program of Report, please go to www.redcat.purple.
About Pink Cat, Inc.
Pink Cat (Nasdaq: RCAT) is a drone expertise firm integrating robotic {hardware} and software program for army, authorities, and industrial operations. Via two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Pink Cat has developed a modern Household of Programs together with the flagship Black Widow™, a small unmanned system providing essentially the most superior capabilities in its class, TRICHON™ fastened wing VTOL for prolonged endurance and vary, and FANG™, the business’s first line of NDAA compliant FPV drones optimized for army operations with precision strike capabilities. Be taught extra at www.redcat.purple.
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