Red Cat Holdings Inc is a technology company that focuses on the development and integration of drone technology and data solutions for various applications
The company aims to provide innovative products and services that enhance operational efficiency and data collection capabilities across several industries, including defense, commercial, and recreational sectors. With a commitment to leveraging advanced drone technology, Red Cat Holdings seeks to support customers in maximizing their operational effectiveness while ensuring compliance with evolving regulations in the drone ecosystem.
Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQRCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public.
Palladyne AI was one of the hottest stocks in 2024, surging by about 1,600%; while there are reasons to support the hype, there are also reasons to be cautious.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. (“Red Cat” or “the Company”) (NASDAQRCAT) for violations of the securities laws.
NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQRCAT) on behalf of Red Cat stockholders. Our investigation concerns whether Red Cat has violated the federal securities laws and/or engaged in other unlawful business practices.
PALM BEACH, Fla. , Jan. 30, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. The main types of military drones are fixed-wing, rotary-wing, and hybrid. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or Autonomously by onboard systems. The different types of drones include MALE, HALE, TUAV, UCAV, SUAV and involve various technologies such as remotely operated, semi-autonomous, autonomous. It is used in Search And Rescue, national defense, military exercises, and others. According to a report from The Business Research Company, the military drones market size has grown strongly in recent years. It will grow from $15.93 billion in 2024 to $17.05 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing military expenditure, increasing the use of military drones, increasing government funding for military drones and low interest rates. The report said: “The military drones market size is expected to see strong growth in the next few years. The growth in the forecast period can be attributed to an increase in government funds and increasing internal and external security threats. Major trends in the forecast period include strategic mergers and acquisitions, focus on use of 3D printing, use of the internet of things (IoT), focus on implementing autonomous systems and focusing on implementing emerging technologies such as artificial intelligence (AI).” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Northrop Grumman Corporation NYSE: NOCNYSENOC)(NASDAQ: AVAVNASDAQAVAV, The Boeing Company (NYSE: BANYSE), Red Cat Holdings, Inc. (NASDAQ: RCATRCAT).
Red Cat says it has received orders for 12 Edge 130 drones, weighing 1,200 grams, with flight time of over 60 minutes. It is capable of long-range mapping, inspection, surveillance, and reconnaissance.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The Dow, S&P 500, and Nasdaq gained 3.7%, 2.9%, and 2.5% this week, respectively, with all three posting their strongest advances in weeks.
PALM BEACH, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The drone platform services segment dominated the global drone services market share in recent years and is estimated to be the fastest growing through 2032. This is due to the growing use of drones for emergency response and public safety. Drone platform services refer to a range of software and hardware solutions that enable the safe and efficient operation of drones. Drone MRO services comprise maintenance, repair, and overhaul services for items such as wind turbine blades, solar plates, and oil & gas pipelines, especially in hard-to-reach locations. The drone MRO services segment is expected to register significant growth during the forecast period due to increasing demand for low cost and effective inspection services across various sectors. Autonomous drones are UAVs that can operate without human intervention, using advanced software, sensors, and cameras. These drones have been playing an essential role in various industries such as agriculture, construction, mining, and logistics. The introduction of artificial intelligence (AI) software improves the overall performance of unmanned aerial systems, enabling drones to recognize objects, examine information, and provide real-time analytical feedback. A report from Fortune Business Insights said that: “The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NASDAQ: PDYNNASDAQPDYN, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Ambarella, Inc. (NASDAQ: AMBAAMBA).
BOSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQRCAT), a drone technology company.
PALM BEACH, Fla., Jan. 16, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The drone industry as a whole has been on a technological improvement spree for a quite long time. The drone industry has witnessed multiple breakthroughs in its uses and operations. The drone market is flooded with companies providing an abundance of drone-related products and services. Drone surveying services have emerged as one of the most sought-after drone-related services in the past few years. Drone surveying services are being applied in multiple industries such as agriculture, mining, infrastructural development, energy, transportation, etc. and the demand continues to increase and more industries are expected to integrate drones for their operation use. A report from Fact.MR said that the global drone surveying market, which reached a valuation of approximately US$ 1380.4, is further expected to grow at a CAGR of 19.3% through 2033 and achieve a valuation of US$ 8061.5 million by the end of 2033. The drone surveying market, which accounted for 21% of the total drone service market in 2022 is expected to increase its share in the total drone service market by the end of the forecast period. Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: RCATNASDAQRCAT, Draganfly Inc. (NASDAQ: DPRONASDAQ), Ondas Holdings Inc. (NASDAQ: ONDSONDS).
Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQRCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the completion of the first successful flight in which multiple Teal drones equipped with Palladyne™ Pilot AI software autonomously collaborated to identify, prioritize, and track objects of interest on the ground. The flight demonstrates how the Palladyne Pilot AI software leverages sensor management and platform collaboration to enable a flight of two or more drones to autonomously collaborate and share multi-modal sensor information under constrained communication between drones. This follows Palladyne AI’s announcement in December 2024 that it had successfully demonstrated a single drone’s ability to interface with a small drone’s autopilot system using Palladyne Pilot to autonomously identify, prioritize, and track terrestrial targets.
PALM BEACH, Fla., Jan. 10, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Numerous industry reports agree that the global drone markets will continue to thrive and exceed present revenues in the coming years. According to a report from Research and Markets, the global drones market size reached a value of USD $38.25 billion in 2023 (and USD $48.62 Billions in 2024). Aided by the increasing adoption of drones across various sectors, including agriculture, defense, logistics, and entertainment, the market is projected to further grow at a CAGR of 22.4% between 2024 and 2032 to reach a value of USD $244.95 billion by 2032. The report said: “One of the major drones market trends is the increasing use of drones in agriculture. Farmers and agribusinesses are leveraging drone technology for precision farming, monitoring crop health, and optimizing the use of water and fertilizers. By providing real-time data on crop conditions, drones are helping farmers increase productivity while reducing resource wastage, thus driving market demand in the agricultural sector. Similarly, the logistics industry is experiencing a revolution with the rise of drone deliveries. Several companies, including major retail giants and e-commerce platforms, are exploring drone technology to facilitate faster and more cost-efficient deliveries, particularly in remote or hard-to-reach areas.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: RCATNASDAQRCAT, EHang Holdings Limited (NASDAQ: EHNASDAQ), Unusual Machines, Inc. (NYSE: UMACUMAC).
PALM BEACH, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global military drone market is witnessing rapid technological advancements, with significant improvements in drone capabilities such as endurance, payload capacity, and stealth features. Innovations in materials science, battery technology, and miniaturization are enabling drones to fly longer, carry heavier loads, and avoid detection more effectively. A report from Grand View Research predicted that the Global Military Drone Market Size is projected to grow at a CAGR of 13.8% from 2024 to 2030. The report said: “There is a growing trend towards the adoption of autonomous and semi-autonomous drone systems in military operations. Autonomous drones can perform complex missions with minimal human intervention, reducing the risk to personnel and increasing mission success rates. The development of sophisticated algorithms for navigation, target recognition, and obstacle avoidance is driving market growth. Military drones are increasingly being integrated with other defense systems to create a cohesive and interconnected battlefield environment. This integration includes linking drones with ground-based radar systems, manned aircraft, and naval vessels, enabling seamless data sharing and coordinated operations. The concept of network-centric warfare, where various military assets are interconnected through a robust communication network, is driving market growth.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NASDAQ: RCATNASDAQRCAT, Ondas Holdings Inc. (NASDAQ: ONDSNASDAQ), Draganfly Inc. (NASDAQ: DPRODPRO) (CSE: DPRO).
