Mentioned:
Red Cat has just won a major new regulatory approval. And they’re planning to use it to scale up their drone distribution globally.
What’s happening:
- Red Cat (NASDAQ: RCAT) has had their Black Widow System officially approved and added to the NATO Support and Procurement Agency catalogue
Why it matters:
- This is the first time ever that Red Cat’s drones have ever been added to the NATO Support and Procurement Agency catalogue
Going deeper:
- Being added to the NATO Support and Procurement Agency allows NATO members to begin purchasing Red Cat’s Black Widow drones through direct orders and sponsored tenders
- Red Cat’s Black Widow drones are developed by their subsidiary Teal Drones and are purpose built for all weather conditions and can easily integrate third party artificial intelligence models and computer vision technology for 3D mapping
