Red Cat Invests in Firestorm Modular UAS: 3D Printed, Load Agnostic
Crimson Cat Modular UAS Firm Invests in Firestorm
By DRONELIFE Employees Author Ian M. Crosby
Crimson Cat Holdings [NASDAQ:RCAT] AdvisorShares is without doubt one of the holdings within the Drone Know-how ETF [NYSE ARCA:UAV], the one ETF devoted to the drone economic system. For a full listing of belongings Click here. This AdvisorShares Drone Technology ETF It’s a thematic funding technique geared toward capturing progress alternatives in drones and autonomous automobiles (AV). AdvisorShares is a DRONELIFE sponsor.
army know-how firm Red Cat Holdings made a major monetary funding for fire stormDeveloper of the primary totally Modular Unmanned Aerial System (MUAS) with 3D printing and cargo impartial.
Firestorm is constructing a brand new class of fixed-wing UAS with 30-day iterations, a dedication to open techniques architectures, and a producing strategy that permits versatile scaling of manufacturing.
“Firestorm is altering the best way UAVs are designed, manufactured and delivered shortly, and the Firestorm system solves many issues for a lot of essential conditions. “Lengthy-range and long-range roaming capabilities are a cheap strategy to incomes within the air,” stated Crimson Cat CEO Jeff Thompson. “We imagine our Teal 2 drone and Firestorm UAV generally is a nice mixture for fighters.”
The corporate’s founding workforce has in depth business experience in additive manufacturing, aerospace and protection, with a strong grasp on constructing and quickly scaling dual-use know-how firms.
“We’re honored to have Crimson Cat be a part of us on our journey. Firestorm CEO Daniel Magy, Crimson Cat’s Blue UAS merchandise, American manufacturing services, and business data have made them an excellent companion as we search to scale our enterprise.
“We wish to assist Firestorm succeed, and this funding could also be just the start. For instance, our giant manufacturing facility in Salt Lake Metropolis can speed up manufacturing of Firestorm merchandise to satisfy rising demand,” Thompson stated.
Ian attended the Dominican College of California the place he earned a BA in English in 2019. With a lifelong ardour for writing and storytelling and a robust curiosity in know-how, he now contributes to DroneLife as a workers author.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and is a fascinated observer of the rising drone business and the regulatory panorama for drones. Miriam has authored greater than 3,000 articles specializing in the industrial drone house and is a global speaker and business acknowledged identify. Miriam has a level from the College of Chicago and over 20 years of expertise in high-tech gross sales and advertising for brand new applied sciences.
Electronic mail Miriam for drone business consulting or writing.
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