Find Sources And More: Red Cat Website.
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And based on several potential catalysts, (Nasdaq: RCAT) could start earning radar consideration far and wide. Here they are:
No. 1 RCAT Potential Catalyst - A Groundbreaking Order From The Army National Guard And Another U.S. Gov't Agency For Its Edge 130 Drones.
Red Cat Secures $518K in New Orders for Edge 130 Drones from U.S. Government Agencies
SAN JUAN, Puerto Rico, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518K.
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The combined orders, which amount to 12 Edge 130 drones, reflect Red Cat's continued momentum in providing advanced drone technology solutions to key defense and security customers. The Edge 130 is known for its robust capabilities, including long-endurance flight times, AI-driven surveillance features, and operational effectiveness in a variety of mission-critical environments.
"These new orders further validate the performance and unique capabilities of the Edge 130 as part of our Family of Systems and reinforce our position as a trusted provider of drone solutions for government and military applications," said Jeff Thompson, Red Cat CEO. "We are expanding our manufacturing capacity for the Edge 130 to accelerate this momentum and remain committed to supporting U.S. government agencies with the industry's best technology that enhances their mission capabilities and success."
Read the full article here.
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No. 2 RCAT Potential Catalyst - Red Cat Becomes Among First Companies In U.S. To Conduct Research Ops Without Remote ID.
Red Cat Secures FAA Authorization to Fly Drones Without Remote ID for Aeronautical Research
SAN JUAN, Puerto Rico, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has received authorization from the Federal Aviation Administration (FAA) to operate unmanned aircraft systems (UAS) in U.S. airspace without broadcasting Remote Identification (Remote ID) information, specifically for the purpose of aeronautical research.
"This authorization highlights Red Cat's commitment as an industry leader to work closely with the FAA on drone requirements and operations in the national airspace system," said Jeff Thompson, Red Cat CEO. "We are proud to be among the first companies in the United States authorized to conduct research operations without broadcasting Remote ID. This will help accelerate the testing and development of safe and effective drone solutions that support warfighters globally."
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Read the full article here.
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No. 3 RCAT Potential Catalyst - Red Cat Selected As Winner Of U.S. Army (SRR) Program of Record (New Long Term Contract).
Red Cat Announces Production Selection for U.S. Army Short Range Reconnaissance Program
Red Cat's next generation Teal system will be the Army's Program of Record SRR sUAS, concluding the rigorous, multi-tranche competitive process
SAN JUAN, Puerto Rico, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a leading American drone technology company, has been selected as the wi-nn-er of the U.S. Army's Short Range Reconnaissance (SRR) Program of Record. The production selection was made after a test and evaluation process of Teal's next generation sUAS, completed by the Army Project Management Office for Uncrewed Aircraft Systems, Army Maneuver Battle Lab, Army Test and Evaluation Command, and Army Operational Test Center.
"This is a powerful moment in time, coming after five years of blood, sweat, and tears put into SRR by our incredible team. The long-awaited production selection marks a new era for our company and the future of American drones," said George Matus, founder of Teal and CTO of Red Cat. "We were selected based on soldier feedback, technical performance, volume manufacturability, and system cost. Our top priority now is to start ramping production of the next generation system, recently announced as the Black Widow and WEB, and give warfighters the tools they need to be successful on the modern battlefield."
"Warfare has undergone a dramatic transformation over the past two years, with a significant shift towards drone technology, exemplified by the SRR Black Widow. It is an honor to support the U.S. Army by delivering the Black Widow to our warfighters. We believe this advanced technology will enable the Army to shape the battlefield, save soldiers' lives, and serve as a powerful tool in their arsenal," said Jeff Thompson, CEO of Red Cat. "This long-term contract will give us the capability to continue to improve the Black Widow, scale production and improve margins."
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Read the full article here.
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No. 4 RCAT Potential Catalyst - Red Cat Announced Successful First Flight With Multiple Teal Drones Equipped With Palladyne™ Pilot AI Software.
Palladyne AI and Red Cat Announce First Successful Multi-Drone Collaborative Autonomous Flight
Second key milestone achievement follows on first successful single drone flight in December 2024
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Read the full article here.
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No. 5 RCAT Potential Catalyst - 10 Triggered Technical Indicators Across Multiple Terms As Of Tuesday Afternoon!
On Tuesday at 2:00PM EST, Barchart was reporting several technical indicators to be triggered across the short, medium, and long term for RCAT.
Here's their list (as of 2:00PM EST Tuesday):
Short Term Indicators
- 20 - 50 Day MA Crossover
- 20 - 100 Day MA Crossover
- 20 - 200 Day MA Crossover
Medium Term Indicators
- 50 - 100 Day MA Crossover
- 50 - 150 Day MA Crossover
- 50 - 200 Day MA Crossover
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MA Crossover
Make sure to watch these technical indicators closely moving forward.
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(Nasdaq: RCAT) Recap - 5 Potential Catalysts To Consider Right Now
No. 1 - A Groundbreaking Order From The Army National Guard And Another U.S. Gov't Agency For Its Edge 130 Drones.
No. 2 - Red Cat Becomes Among First Companies In U.S. To Conduct Research Ops Without Remote ID.
No. 3 - Red Cat Selected As Winner Of U.S. Army (SRR) Program of Record (New Long Term Contract).
No. 4 - Red Cat Announced Successful First Flight With Multiple Teal Drones Equipped With Palladyne™ Pilot AI Software.
No. 5 - 10 Triggered Technical Indicators Across Multiple Terms As Of Tuesday Afternoon!
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Coverage is officially initiated on Red Cat Holdings, Inc. (Nasdaq: RCAT).
I'll be in touch as soon as updates are necessary. Talk again shortly.
Sincerely,
Kai Parker
StockWireNews
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)
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