TEAL IN THE NEWS

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Press Releases

Red Cat Holdings Selected by U.S. Army for Short Range Reconnaissance Tranche 2 Drone Program 

HUMACAO, Puerto Rico, March 14, 2022 — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a hardware-enabled software provider to the drone industry, announces that its subsidiary Teal Drones (Teal) has been selected by the Department of Defense’s (DoD) Defense Innovation Unit (DIU) and U.S. Army to compete in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record.

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Red Cat Holdings Closes Acquisition of Teal Drones 

Expansion into military sector represents compelling growth opportunity

HUMACAO, Puerto Rico, Sept. 1, 2021 /PRNewswire/ — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a hardware-enabled software provider to the drone industry, announces the closing of its acquisition of Teal Drones (“Teal”), a leader in commercial and government unmanned aerial vehicle (“UAV”) technology. Teal manufactures the Golden Eagle, one of only five drones approved by the U.S. Department of Defense for reconnaissance, public safety, and inspection applications.

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Red Cat Holdings to Acquire Teal Drones 

Joint group now positioned for enterprise and military scale

HUMACAO, Puerto Rico, July 13, 2021 /PRNewswire/ — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a technology provider to the drone industry, announced today that it has signed a definitive agreement to acquire Teal Drones, a leader in commercial and government unmanned aerial vehicle technology. The all-stock transaction will add Teal Drones to Red Cat’s portfolio and strengthen the group’s spectrum of offerings across North America.

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Recent News

Teal’s New Golden Eagle is Set to Redefine the World of High-performance Drones

Pentagon Approves Five Drone Makers for Military Sales

The Us Government Grounded Dji — but Here Are the Five Drones It Just Approved

Press Coverage

Jul 20

WIRED | 07/20/16

Flying at 85MPH Isn’t Even the Teal Drone’s Best Trick—DON'T PIGEONHOLE TEAL as just a racing drone. Sure, with a top speed of 85 mph, it is twice as fast as a DJI Phantom 4 and it will leave almost every consumer drone eating its dust. But its appeal goes well beyond air speed. Buying a drone typically means having a specific activity in mind. There are aerial photography drones, racing drones, follow-me around drones—it can all be a little overwhelming, particularly for someone who's new to UAVs. Teal wants to solve this problem with a modular machine you can tailor to suit to your exact needs ... https://www.wired.com/2016/07/speedy-modular-drone-designed-pretty-much-everything/
Jul 20

The Verge | 07/20/16

The World's Fastest Consumer Drone Can Record 4K Video at 85 MPH—George Matus was 11 years old when he flew his first drone. "I was immediately hooked," the young man tells me with a grin. By age 16 he was competing as a professional drone racer and acting as a test pilot for new aircraft. Now 18, he recently finished high school but decided to defer college, opting instead to pursue a fellowship offer from tech billionaire Peter Thiel. He used that money to start his own company, Teal, which today is launching its first product, a consumer facing drone that a beginner can easily fly with an iPhone to capture 4K video ... https://www.theverge.com/2016/7/20/12234888/teal-drone-fastest-camera-quad-matus-thiel-fellow

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