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Crimson Cat Holdings, Inc. (Nasdaq: RCAT) (“Crimson Cat” or the “Firm”), a hardware-enabled software program supplier to the drone business, as we speak introduced that its subsidiary Teal Drones has been awarded a firm-fixed-price, multiple-award blanket buy settlement (BPA) by the US Customs and Border Safety as one in every of 5 contractors. The BPA has an estimated worth of $90 million in whole over a 5-year ordering interval.
Via the BPA, Division of Homeland Safety companies can place orders for unmanned plane programs (UAS). The drones will present supplemental airborne reconnaissance, surveillance, and monitoring functionality to boost situational consciousness for subject commanders and brokers in areas that lack close by conventional surveillance programs or accessible manned air help.
“We’re honoured Teal was chosen to offer U.S. manufactured drones that meet the rigorous technical necessities of the Division of Homeland Safety. This award is a milestone achievement for George Matus and your entire Teal group, and to the muse, they’ve constructed over the previous decade in arriving thus far,” commented Crimson Cat CEO Jeff Thompson.
“We sit up for fulfilling all orders positioned below this settlement, together with any others that we might obtain, and making full use of Teal’s new 26,000-square foot facility in Salt Lake Metropolis.
Given the safety mandates inside the Division of Protection and Federal Authorities, in addition to the not too long ago handed infrastructure invoice that has a ‘Construct America Purchase America’ mandate, we’re assured in our means to supply domestically-sourced drone options and companies throughout each Enterprise and Authorities functions.”
About Crimson Cat Holdings, Inc.
Crimson Cat supplies drone-based merchandise, companies, and options via its 5 subsidiaries and companies the enterprise, navy, and shopper markets. Teal Drones is a frontrunner in unmanned plane programs (UAS), and its Golden Eagle is one in every of solely 5 drones accredited by the Division of Protection for reconnaissance, public security, and inspection functions. Skypersonic’s know-how allows drones to finish inspection companies in places the place GPS shouldn’t be accessible, but nonetheless document 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 gear, primarily to the buyer market. Crimson Cat Propware is growing a Software program-as-a-Answer (“SaaS”) platform to offer drone flight information analytics and storage, in addition to diagnostic services and products. Be taught extra at https://www.redcatholdings.com/.
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