Crimson Cat Holdings, Inc. (Nasdaq: RCAT) (“Crimson Cat” or the “Firm”), a drone expertise firm integrating robotic {hardware} and software program for navy, authorities and business operations, at the moment proclaims that subsidiary Teal Drones has signed $1.8 million in contracts with U.S. Customs and Border Safety (CBP) to offer Teal 2 programs to U.S. Border Patrol.
Teal will ship 106 Teal 2 drones plus spare components and coaching. Border Patrol is utilizing the Teal 2 to present supplemental airborne reconnaissance, surveillance and monitoring functionality, enhancing situational consciousness for U.S. area commanders and brokers.
The single-source contract is a part of a Blanket Buy Settlement (BPA) between CBP and 5 drone firms, introduced in December 2021, with a complete estimated worth of $90 million over a five-year interval.
Final October, CBP had initially ordered 54 Teal drones for U.S. Border Patrol in a contract price simply over $1 million.
“We’re honored to offer this vital U.S. company with drones that assist allow their mission,” stated Crimson Cat CEO Jeff Thompson. “The Border Patrol pilots are among the greatest and their suggestions has been instrumental in Teal 2 enhancements. This brings our present backlog to over $7.5 million because the Teal 2 income continues to speed up. Crimson Cat has invested in a producing facility in Salt Lake Metropolis, Utah, and we’re assured in our capability to satisfy order supply deadlines for navy, authorities and business clients.”
Permitted by the U.S. Division of Protection as Blue UAS and obtainable to buy via the federal authorities’s GSA Benefit web site, the Teal 2 is designed to Dominate the Night time™ because the world’s main small drone for evening operations. The Teal 2 is the primary sUAS to be outfitted with Teledyne FLIR’s new Hadron 640R sensor, offering finish customers with the highest-resolution thermal imaging in a small type issue.
The Teal 2 additionally options the most recent intelligence, surveillance and reconnaissance expertise, delivering time-critical info and enabling operators to make quicker, smarter selections. The system presents multi-vehicle management and synthetic intelligence capabilities.
Crimson Cat will exhibit the Teal 2 on the AUSA 2023 Annual Assembly & Exposition in Washington, D.C., from Oct. September 11.