Crimson Cat Invests in Modular UAS Firm Firestorm
by DRONELIFE Employees Author Ian M. Crosby
Crimson Cat Holdings [NASDAQ:RCAT] is without doubt one of the holdings within the AdvisorShares Drone Expertise ETF [NYSE ARCA:UAV], the one ETF devoted to the drone financial system. For full record of holdings click on right here. The AdvisorShares Drone Expertise ETF is a thematic funding technique in search of to seize the expansion alternatives in drones and autonomous automobiles (AV). AdvisorShares is a DRONELIFE sponsor.
Navy know-how firm Crimson Cat Holdings has made a significant monetary funding in Firestorm, the developer of the primary totally Modular Unmanned Aerial System (MUAS) to be 3D printed and payload agnostic.
Firestorm is establishing a brand new class of fixed-wing UAS with 30-day repetitions, dedication to open-system architectures, and an strategy to manufacturing enabling versatile scaling of manufacturing.
“Firestorm is altering how UAV’s may be designed, manufactured, and delivered rapidly, and the Firestorm system solves a number of issues for a lot of essential conditions. Their long-range and long-duration loitering capabilities are an economical strategy to successful within the air,” stated Crimson Cat CEO Jeff Thompson. ”We imagine that our Teal 2 drone and the Firestorm UAV may very well be an amazing mixture for the warfighter.”
The corporate’s founding staff possesses in depth trade experience in additive manufacturing, aerospace, and protection, with a agency grasp on the creation and fast scaling of dual-use know-how firms.
“We’re honored to have Crimson Cat be a part of us on our journey. Crimson Cat’s Blue UAS merchandise, their American manufacturing amenities, and their trade data 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 giant manufacturing facility in Salt Lake Metropolis might speed up the manufacturing of Firestorm’s merchandise to satisfy elevated demand,” stated Thompson.
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Ian attended Dominican College of California, the place he acquired a BA in English in 2019. With a lifelong ardour for writing and storytelling and a eager curiosity in know-how, he’s now contributing to DroneLife as a employees author.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and a fascinated observer of the rising drone trade and the regulatory surroundings for drones. Miriam has penned over 3,000 articles targeted on the business drone area and is a world speaker and acknowledged determine within the trade. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand new applied sciences.
For drone trade consulting or writing, E-mail Miriam.
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