Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

GlobeNewswire04-09

SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, ...

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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.OPT’s PowerBuoycan act as an Uninterruptable Power Supply  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","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4559":"巴菲特持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4131":"航空货运与物流","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","AIRI":"Air Industries Group","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4182":"重型电气设备","RCAT":"Red Cat Holdings Inc.","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","UPS":"联合包裹","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4532":"文艺复兴科技持仓","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4187":"航天航空与国防","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","OPTT":"Ocean Power Technologies","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"translate_title":"红猫开始将Teal 2无人机与Ocean Power技术公司的海上监视解决方案集成，用于空中、海上和水下防御和安全任务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPS":1,"AIRI":1,"OPTT":1,"RCAT":0.9},"content_text":"SAN JUAN, Puerto Rico, April 09, 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, 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.\n“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.”\nRed 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.\n“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.”\nRed 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.\nOPT’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.\nAbout 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.\nAbout 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.\nForward-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.  \nContacts INVESTORS:Email: Investors@redcat.red\nNEWS MEDIA:INDICATE MEDIAPhone: (347) 880-2895Email: peter@indicatemedia.com","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426198374"}