By Crimson Cat Holdings, Inc. | March 22, 2023
Crimson Cat Holdings, Inc. (Nasdaq: RCAT) (“Crimson Cat” or the “Firm”), a navy know-how firm integrating robotic {hardware} and software program to guard and help the warfighter, has made a materially important monetary funding in Firestorm, an American firm growing the primary fully Modular Unmanned Aerial System (MUAS) that’s 3D printed and payload agnostic.
Firestorm is constructing a brand new class of fixed-wing UAS with 30-day product iterations, a dedication to open-system architectures, and an additive manufacturing strategy that permits them to scale manufacturing in an elastic method.
“Firestorm is altering how UAV’s could be designed, manufactured, and delivered rapidly, and the Firestorm system solves a number of issues for a lot of important conditions. Their long-range and long-duration loitering capabilities are a cheap strategy to profitable within the air. We imagine that our Teal 2 drone and the Firestorm UAV might be an amazing mixture for the warfighter,” stated Crimson Cat CEO Jeff Thompson.
Firestorm’s founding crew has deep business experience in additive manufacturing, aerospace, and protection and understands tips on how to construct and rapidly scale dual-use know-how firms.
“We’re honored to have Crimson Cat be part of us on our journey. Crimson Cat’s Blue UAS merchandise, their American manufacturing amenities, and their business information have made them an amazing accomplice as we work to scale our enterprise,” stated Firestorm CEO Daniel Magy.
“We wish to assist Firestorm succeed, and this funding could also be only the start. For instance, our massive manufacturing facility in Salt Lake Metropolis may speed up the manufacturing of Firestorm’s merchandise to satisfy elevated demand,” Thompson added.
