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Purple Cat Holdings, Inc. (Nasdaq: RCAT) (“Purple Cat” or the “Firm”), a hardware-enabled software program supplier to the drone business, publicizes that its subsidiary Teal Drones (Teal) has been chosen by the Division of Protection’s (DoD) Protection Innovation Unit (DIU) and U.S. Military to compete within the Quick Vary Reconnaissance Tranche 2 (SRR T2) Program of Report.
Teal was chosen to develop a next-generation small unmanned aerial system (sUAS) designed for surveillance and reconnaissance (S&R) duties, with a concentrate on autonomous functionality, for the U.S. Military. The last word objective of the SRR T2 program is to offer a small, rucksack transportable sUAS that offers all Military platoons (20-50 troopers) with situational consciousness past the subsequent terrain function.
Following a profitable demonstration in September 2021, Teal was notified by the U.S. Military’s Quick Vary Reconnaissance Product Workplace that it will advance to the prototype part of the SRR T2 program and was awarded a $1.5M prototype contract. Teal will develop a next-generation drone that meets or exceeds the Military’s technical system necessities of SRR T2 and competes for the SRR T2 manufacturing contract.
“The rigorous technical necessities and program targets of SRR T2 dramatically narrowed the sphere from over three dozen drone producers to only a handful that had been chosen by the Military to maneuver ahead with this system. We consider this places us among the many most elite drone producers on the planet and, consequently, is a big recognition of our capabilities,” commented George Matus, founder and Chief Govt Officer of Teal. “The $1.5 million prototype contract we had been awarded for SRR T2 reinforces the sophistication and technical experience of our whole Teal Workforce. We stay up for creating the Military’s next-generation sUAS to enhance the protection and lethality of our warfighters.”
The SRR Tranche 1 program started in 2020, and Teal was equally chosen for that program with a prototype contract award as a part of its choice. The 5 drones (together with Teal’s Golden Eagle) developed for SRR Tranche 1 turned the 5 drones named to the Blue sUAS listing in August 2020 and had been subsequently permitted by the Division of Protection (DoD) and different U.S. Federal Departments. The Blue sUAS listing was initially developed by the Protection Innovation Unit (DIU), a company inside the DoD group, that’s centered on integrating main business applied sciences into the Authorities.
About Purple Cat Holdings, Inc.
Purple Cat supplies drone-based merchandise, companies, and options by way of its 5 subsidiaries and companies the enterprise, army, and shopper markets. Teal Drones is a frontrunner in unmanned plane methods (UAS), and its Golden Eagle is one among solely 5 drones permitted by the Division of Protection for reconnaissance, public security, and inspection purposes. Skypersonic’s know-how allows drones to finish inspection companies in areas the place GPS isn’t accessible, but nonetheless report and transmit knowledge even whereas being operated from 1000’s of miles away. Fats Shark is a number one supplier of First Individual View (FPV) video goggles. Rotor Riot, LLC is a reseller of FPV drones and tools, primarily to the patron market. Purple Cat Propware is creating a Software program-as-a-Resolution (“SaaS”) platform to offer drone flight knowledge analytics and storage, in addition to diagnostic services. Study extra at https://www.redcatholdings.com/
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