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, publicizes right this moment a licensing settlement with Autonodyne, LLC. that can allow Crimson Cat subsidiary Teal Drones, Inc. to ship its drone for presidency and navy segments – the Golden Eagle – with unique autonomous capabilities in late 2022.
Combining Teal’s drones and Autonodyne know-how positions Crimson Cat as a pacesetter in multi-vehicle and autonomous drone operation. Teal’s Golden Eagle drone with Autonodyne software program has already efficiently demonstrated drone “swarms” and supplies 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 automobiles.” Autonodyne has agreed to completely present its software program to Teal’s present and potential clients for single automobiles, multi-vehicles, and linked multi-vehicles, whether or not present or deliberate sooner or later, and consists of Autonodyne’s patents and unpatented know-how.
Crimson Cat CEO Jeff Thompson mentioned, “Teal’s merchandise have repeatedly confirmed in testing that they will deal with troublesome mission-specific assignments with ease and supply autonomous capabilities which can be superior to different drones. Autonodyne is the primary of a number of improvement companions we plan to combine and check with for potential purposes within the authorities and navy segments served by our Teal division. Below the phrases of the settlement, Autonodyne software program will solely be made out there 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 definitely 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 rapid potential to be a pacesetter on this business’s authorities and navy segments. Golden Eagle was chosen as certainly one of solely a handful of drones licensed for U.S. Authorities procurement and it’s repeatedly being improved, with a brand new model to be introduced quickly. Our hardware-enabled software program strategy permits us to satisfy or exceed the safety and efficiency necessities for navy operation, border management, public security, and extra. As proven by latest worldwide occasions, small drones irrefutably make a serious distinction in front-line outcomes. With fleet stage operation at only a few thousand {dollars} per mission versus tens of millions for bigger scale tools, the attraction of our merchandise is evident.”
About Crimson Cat Holdings, Inc.
Crimson Cat supplies drone-based merchandise, companies, and options via its 5 subsidiaries and companies the enterprise, navy and client markets. Teal Drones is a pacesetter in unmanned plane programs (UAS), and its Golden Eagle is certainly one of solely 5 drones authorised by the Division of Protection for reconnaissance, public security and inspection purposes. Skypersonic’s know-how allows drones to finish inspection companies in places the place GPS will not be out there, but nonetheless file and transmit information even whereas being operated from hundreds of miles away. Fats Shark is a number one supplier of First Particular person View (FPV) video goggles. Rotor Riot, LLC is a reseller of FPV drones and tools, primarily to the buyer market. Be taught extra at www.redcatholdings.com.
