Teal Drones secures an unique license to make use of autonomous drone software program and know-how from Autonodyne – sUAS Information – The Enterprise of Drones

Autonodyne Software program on Golden Eagle Platform Will increase Crimson Cat Margins Dramatically

Crimson Cat Holdings, Inc. (Nasdaq: RCAT)(“Crimson Cat” or the “Firm), a hardware-enabled software program supplier to the drone business, pronounces right now a licensing settlement with Autonodyne, LLC. that can allow Crimson Cat subsidiary Teal Drones, Inc. to ship its drone for presidency and army segments – the Golden Eagle – with unique autonomous capabilities in late 2022.  

Combining Teal’s drones and Autonodyne know-how positions Crimson Cat as a frontrunner in multi-vehicle and autonomous drone operation. Teal’s Golden Eagle drone with Autonodyne software program has already efficiently demonstrated drone “swarms” and gives options like “limitless surveillance” that seamlessly rotates a number of drones over a single focal point for twenty-four/7 protection.

Below the phrases of the license, Teal has secured unique proper to Autonodyne’s software program suite for “autonomy and trade of management amongst people and machines to carry out duties involving crewed and/or uncrewed autos.” Autonodyne has agreed to solely present its software program to Teal’s present and potential clients for single autos, multi-vehicles, and linked multi-vehicles, whether or not present or deliberate sooner or later, and contains Autonodyne’s patents and unpatented know-how.  

Crimson Cat CEO Jeff Thompson mentioned, “Teal’s merchandise have repeatedly confirmed in testing that they’ll deal with tough mission-specific assignments with ease and provide autonomous capabilities which are superior to different drones. Autonodyne is the primary of a number of growth companions we plan to combine and check with for potential functions within the authorities and army segments served by our Teal division. Below the phrases of the settlement, Autonodyne software program will solely be made accessible to Teal, successfully leaping Teal forward of different drone corporations looking for to offer multi-vehicle management or capabilities like limitless surveillance. Opponents should develop their very own software program or safe licenses from others with inferior check efficiency.

“Including Autonodyne software program to the Golden Eagle is as vital to our Firm’s monetary success as it’s to our clients’ mission success. At 42%, the gross margin on the Golden Eagle is actually good, however including Autonodyne software program to the Golden Eagle will increase our gross margin to over 60%,” concluded Thompson.

George Matus, founding father of Teal, mentioned, “Crimson Cat has instant potential to be a frontrunner on this business’s authorities and army segments. Golden Eagle was chosen as considered one of solely a handful of drones licensed for U.S. Authorities procurement and it’s constantly being improved, with a brand new model to be introduced quickly. Our hardware-enabled software program strategy permits us to fulfill or exceed the safety and efficiency necessities for army operation, border management, public security, and extra. As proven by current worldwide occasions, small drones irrefutably make a serious distinction in front-line outcomes. With fleet stage operation at just some thousand {dollars} per mission versus thousands and thousands for bigger scale tools, the attraction of our merchandise is evident.”

About Crimson Cat Holdings, Inc.

Crimson Cat gives drone-based merchandise, providers, and options by its 5 subsidiaries and providers the enterprise, army and shopper markets. Teal Drones is a frontrunner in unmanned plane programs (UAS), and its Golden Eagle is considered one of solely 5 drones authorised by the Division of Protection for reconnaissance, public security and inspection functions. Skypersonic’s know-how allows drones to finish inspection providers in places the place GPS is just not accessible, but nonetheless file and transmit information 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.  Be taught extra at www.redcatholdings.com.

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