Red Feline Buys Modular UAS Business Firestorm
by DRONELIFE Personnel Author Ian M. Crosby
Red Feline Holdings [NASDAQ:RCAT] is among the holdings in the AdvisorShares Drone Innovation ETF [NYSE ARCA:UAV], the only ETF devoted to the drone economy. For total list of holdings click on this link The AdvisorShares Drone Innovation ETF is a thematic financial investment technique looking for to catch the development chances in drones and self-governing cars (AV). AdvisorShares is a DRONELIFE sponsor.
Military innovation business Red Feline Holdings has actually made a significant monetary investment in Firestorm, the designer of the very first totally Modular Unmanned Aerial System (MUAS) to be 3D printed and payload agnostic.
Firestorm is developing a brand-new class of fixed-wing UAS with 30-day repeatings, dedication to open-system architectures, and a method to making allowing versatile scaling of production.
” Firestorm is altering how UAV’s can be developed, made, and provided rapidly, and the Firestorm system fixes a great deal of issues for lots of vital scenarios. Their long-range and long-duration loitering abilities are a cost-efficient method to winning in the air,” stated Red Feline CEO Jeff Thompson.” Our company believe that our Teal 2 drone and the Firestorm UAV might be an excellent mix for the warfighter.”
The business’s starting group has substantial market knowledge in additive production, aerospace, and defense, with a firm grasp on the development and quick scaling of dual-use innovation business.
” We are honored to have Red Feline join us on our journey. Red Feline’s Blue UAS items, their American production centers, and their market understanding have actually made them an excellent partner as we work to scale our service,” stated Firestorm CEO Daniel Magy.
” We wish to assist Firestorm be successful, and this financial investment might be simply the start. For instance, our big production center in Salt Lake City might speed up the production of Firestorm’s items to satisfy increased need,” stated Thompson.
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Ian participated in Dominican University of California, where he got a bachelor’s degree in English in 2019. With a long-lasting enthusiasm for composing and storytelling and an eager interest in innovation, he is now adding to DroneLife as a personnel author.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone services market, and an amazed observer of the emerging drone market and the regulative environment for drones. Miriam has actually penned over 3,000 posts concentrated on the business drone area and is a global speaker and acknowledged figure in the market. Miriam has a degree from the University of Chicago and over twenty years of experience in high tech sales and marketing for brand-new innovations.
For drone market consulting or writing, Email Miriam
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