Last thought: RCAT
I am close to buying this drone maker. About 20 days ago the stk spiked on a Ukraine purchase order that I thought pretty significant.
All gains have been given back--
I think RCAT could be a big winner.
Red Cat Receives Order for 200 Long-Range, High-Speed Drones for Ukrainian Deployment
Red Cat Holdings, Inc.
SAN JUAN, Puerto Rico, May 10, 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, announces that it will fulfill a purchase order to provide 200 long-range, high-speed FPV (first-person view) drones to Ukrainian drone pilots engaged in conflict with Russia.
The FPV drones will be delivered to Ukraine in June. The drones to be shipped have the highest power-to-weight ratio in the drone industry, offering increased maneuverability, especially when combined with the FPV functionality of the drones. These FPV drones can also fly in GPS-denied and GPS-jammed battlefield conditions.
“Fortunately, Red Cat has the U.S. manufacturing capacity required to quickly deliver on such orders,” said Red Cat CEO Jeff Thompson. “We are pleased to provide our product to Ukrainian drone pilots, and we look forward to continuing to engage with them, including by providing our new nighttime drone, the Teal 2. Much of drone activity is performed at night, and the Teal 2 is at the forefront of nighttime drone capabilities.”
Officially
launched last month, the Teal 2 is designed to
Dominate the Night™ and is equipped with
Teledyne FLIR’s new Hadron 640R sensor. This provides end-users with the highest resolution thermal imaging in a small (Group 1) form factor and is optimized for nighttime operations. Red Cat’s other technology partners for the Teal 2 include
Athena AI,
Reveal Technology, and
Tomahawk Robotics.