Pink Cat Holdings Subsidiary Teal Drones Awarded $1M+ Contract from U.S. Border Patrol
Pink Cat Holdings [NASDAQ:RCAT] is held within the AdvisorShares Drone Know-how ETF [NYSE ARCA:UAV], the one ETF devoted to the drone economic system. For full listing of holdings click on right here. The AdvisorShares Drone Know-how ETF is a thematic funding technique searching for to seize the expansion alternatives in drones and autonomous autos (AV). AdvisorShares is a DRONELIFE sponsor.
by DRONELIFE Workers Author Ian M. Crosby
Right this moment, drone-based product and resolution supplier Pink Cat Holdings introduced that U.S. Customs and Border Safety has awarded Pink Cat subsidiary Teal Drones a $1,046,806 contract to supply Teal’s Golden Eagle drones to U.S. Border Patrol.
Proceed studying under, or hear:
This new contract is a part of a Blanket Buy Settlement (BPA) between U.S. Customs and Border Safety and 5 drone firms introduced final December. The BPA has a complete estimated worth of $90 million over a five-year interval. All drones included within the settlement are on the Division of Protection’s “Blue UAS” listing, denoting drones permitted for buy and operation by the Division and associated authorities entities.
The Golden Eagle drones will supply further airborne reconnaissance, surveillance, and monitoring talents to enhance situational consciousness for area commanders and brokers in areas with out conventional surveillance methods or obtainable manned air assist.
“As a market chief in military-grade drones, and particularly night-specific drones, we stay up for offering Teal’s Golden Eagle product to the federal government personnel who’re answerable for defending the American folks and safeguarding our borders,” mentioned Pink Cat CEO Jeff Thompson. “As a result of Pink Cat has invested in a big, new manufacturing facility for Teal in Salt Lake Metropolis, we’re assured in our capability to fulfill the supply deadline for this vital order, in addition to future orders we anticipate beneath this BPA with U.S. Customs and Border Safety.”
The acquisition settlement awarded to Pink Cat consists of Teal’s Golden Eagle drone, alongside battery packs and chargers, propellers, gimbal-mounted cameras, carrying instances, in addition to operator coaching classes that includes “train-the-trainer” classes.
Learn extra about Teal Drones:
Ian attended Dominican College of California, the place he obtained a BA in English in 2019. With a lifelong ardour for writing and storytelling and a eager curiosity in expertise, he’s now contributing to DroneLife as a employees author.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and a fascinated observer of the rising drone business and the regulatory surroundings for drones. Miriam has penned over 3,000 articles centered on the industrial drone area and is a world speaker and acknowledged determine within the business. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising and marketing for brand new applied sciences.
For drone business consulting or writing, Electronic mail Miriam.
Subscribe to DroneLife right here.