2023-02-21 | NDAQ:RCAT | Press Launch

2023-02-21 | NDAQ:RCAT | Press Launch

New Teal 2 drone’s world-leading night-vision functionality might help Ukraine counter Russian forces once they’re most lively – after darkish

SAN JUAN, Puerto Rico, Feb. 21, 2023 (GLOBE NEWSWIRE) — Purple Cat Holdings, Inc. (Nasdaq: RCAT) (“Purple Cat” or the “Firm”), a navy expertise firm integrating robotic {hardware} and software program to guard and help the warfighter, declares {that a} delegation together with CEO Jeff Thompson will go to NATO nations this week to debate navy drone help for Ukrainian forces.

Thompson will meet with NATO leaders to exhibit the Teal 2, a brand new military-grade drone from Purple Cat subsidiary Teal Drones. Presently accessible to first-adopter prospects and anticipated to formally launch in Q2 2023, Teal 2 is designed to “Dominate the Night time™” and would be the world-leading drone answer for nighttime operations.

As The Wall Avenue Journal has reported, Ukrainian forces “lack sufficient drones to identify targets and direct artillery – particularly more-expensive fashions with night-vision cameras that will enable them to work at the hours of darkness, when the Russians search to creep ahead.”

“In Ukraine and elsewhere, most navy operations happen at evening, and the Teal 2 provides warfighters precisely the answer they want,” stated Thompson. “Teal 2 is the primary drone to combine the world’s greatest new night-time drone digital camera – next-generation thermal-imaging expertise from Teledyne FLIR. We’ve additionally partnered with different business leaders, equivalent to Tomahawk Robotics, Reveal Expertise and Immervision, to supply further game-changing drone capabilities. These embrace multi-vehicle management, 3D mapping and object detection.”

Purple Cat has already crammed an order from U.S. Customs and Border Safety for 54 items of the Teal 2. The drones will present supplemental airborne reconnaissance, surveillance and monitoring functionality to boost situational consciousness for U.S. subject commanders and brokers.

In Ukraine, Purple Cat’s earlier contributions embrace filling an order from a NATO member nation for 15 items of a unique navy drone, the Golden Eagle, for deployment to Ukrainian forces.

“Purple Cat needs to do all we are able to to get the Ukrainian warfighter the perfect and newest American expertise that permits them to dominate the evening, and that’s why I’m assembly with European navy determination makers this week,” Thompson stated.

Teal is licensed as “Blue UAS,” which designates producers approved to supply gear to the U.S. navy. Teal can be considered one of solely three drone producers invited to take part in the U.S. Military’s Brief Vary Reconnaissance Tranche 2 (SRR T2). The SRR T2 program seeks to ship a conveyable small uncrewed aerial system (sUAS) that can be utilized by military platoons for surveillance and reconnaissance duties, in addition to to enhance situational consciousness.

To view a spec sheet for the Teal 2, click on right here.

To look at a one-minute teaser video for the Teal 2, click on right here.

About Purple Cat Holdings, Inc.

Purple Cat (Nasdaq: RCAT) is a navy expertise firm that integrates robotic {hardware} and software program to supply crucial situational consciousness and actionable intelligence to on-the-ground warfighters and battlefield commanders. Its mission is to boost the effectiveness and security of navy operations domestically and globally – and to “Dominate the Night time.” Purple Cat’s suite of options consists of Teal Drones, developer of the Golden Eagle, a small unmanned system with the very best decision imaging for nighttime operations, and Skypersonic, a number one supplier of unmanned plane for inside areas and different harmful environments. Be taught extra at https://www.redcatholdings.com.

Ahead Trying Statements

This press launch accommodates “forward-looking statements” which are topic to substantial dangers and uncertainties. All statements, aside from statements of historic truth, contained on this press launch are forward-looking statements. Ahead-looking statements contained on this press launch could also be recognized by means of phrases equivalent to “anticipate,” “consider,” “ponder,” “might,” “estimate,” “count on,” “intend,” “search,” “could,” “would possibly,” “plan,” “potential,” “predict,” “mission,” “goal,” “intention,” “ought to,” “will,” “would,” or the unfavourable of those phrases or different related expressions, though not all forward-looking statements include these phrases. Ahead-looking statements are based mostly on Purple Cat Holdings, Inc.’s present expectations and are topic to inherent uncertainties, dangers and assumptions which are troublesome to foretell. Additional, sure forward-looking statements are based mostly on assumptions as to future occasions that will not show to be correct. These and different dangers and uncertainties are described extra absolutely within the part titled “Danger Elements” within the closing prospectus associated to the general public providing filed with the Securities and Alternate Fee. Ahead-looking statements contained on this announcement are made as of this date, and Purple Cat Holdings, Inc. undertakes no obligation to replace such data besides as required beneath relevant legislation.



Anthony Priwer

Dalton Company

Telephone: (615) 515-4891

E-mail: [email protected]



Telephone: (516) 222-2560

E-mail: [email protected]

Web site: https://www.redcatholdings.com

A photograph accompanying this announcement is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5c936bc-2cff-44cd-904a-dc79a462bade

2023-02-21 | NDAQ:RCAT | Press Launch

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