Red Cat Holdings Subsidiary Fat Shark to Launch Innovative Dominator Drone FPV Goggle
May 09 2022 - 7:30AM
Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the
"Company"), a hardware-enabled software provider to the drone
industry, announces that its Fat Shark subsidiary will launch a new
FPV (first-person viewer) drone headset – the Dominator. The
Dominator is a low-latency, 1080p digital goggle with an extended
flight range over existing systems. Dominator headsets and systems
will be available for pre-orders soon and are expected to start
shipping in June.
“Joining Red Cat has given the Fat Shark team
the opportunity and resources to build an incredible
next-generation FPV headset. The Dominator is the first in a line
of new products that should help keep Fat Shark and Red Cat on the
frontline of innovation in the drone industry,” commented Fat Shark
founder Greg French.
The first public demonstration of the Dominator
will be at Rotor Riot RAMPAGE 2022 in Barnwell, South Carolina from
May 14-16, 2022. Rotor Riot RAMPAGE 2022 is an immersive weekend
festival on a 750-acre property with freestyle drone flying as the
primary theme and will feature well-known drone pilots like Le
Drib, Bubby FPV, Vort3x, and Nurk, among others.
“Fat Shark, an American-owned company, has
designed and engineered a game-changing goggle that will enable
fantastic advancements in the drone industry. The new Dominator
goggle brings a huge leap in performance, and we believe it will be
well received in the marketplace and drive our revenue growth in
the next few quarters,” added Red Cat CEO Jeff Thompson.
About Red Cat Holdings, Inc.Red Cat provides
drone-based products, services, and solutions through its five
subsidiaries and services the enterprise, military, and consumer
markets. Teal Drones is a leader in unmanned aircraft systems
(UAS), and its Golden Eagle is one of only five drones approved by
the Department of Defense for reconnaissance, public safety, and
inspection applications. Skypersonic’s technology enables drones to
complete inspection services in locations where GPS is not
available, yet still record and transmit data even while being
operated from thousands of miles away. Fat Shark is a leading
provider of First Person View (FPV) video goggles. Rotor Riot, LLC
is a reseller of FPV drones and equipment, primarily to the
consumer marketplace. Learn more
at https://www.redcatholdings.com/.
Forward Looking StatementsThis press release
contains "forward-looking statements" that are subject to
substantial risks and uncertainties. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release may be identified by the use of words such as
"anticipate," "believe," "contemplate," "could," "estimate,"
"expect," "intend," "seek," "may," "might," "plan," "potential,"
"predict," "project," "target," "aim," "should," "will" "would," or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on Red Cat Holdings, Inc.'s
current expectations and are subject to inherent uncertainties,
risks and assumptions that are difficult to predict. Further,
certain forward-looking statements are based on assumptions as to
future events that may not prove to be accurate. These and other
risks and uncertainties are described more fully in the section
titled "Risk Factors" in the final prospectus related to the public
offering filed with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made
as of this date, and Red Cat Holdings, Inc. undertakes no duty to
update such information except as required under applicable
law.
Contact:INVESTORS:CORE IRPhone: (516)
222-2560E-mail: Investors@redcat.redWebsite: https://www.redcatholdings.com/
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4fbb5ddc-63da-40d6-b3a2-a62cf3d00c4b
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