Red Cat announces ‘materially significant financial investment’ in Firestorm

Red Cat Holdings announced it has made "a materially significant financial investment" in Firestorm, an American company that it says is developing "the first completely Modular Unmanned Aerial System, or MUAS, that is 3D printed and payload agnostic." "Firestorm is changing how UAV’s can be designed, manufactured, and delivered quickly, and the Firestorm system solves a lot of problems for many critical situations. Their long-range and long-duration loitering capabilities are a cost-effective approach to winning in the air. We believe that our Teal 2 drone and the Firestorm UAV could be a great combination for the warfighter. We want to help Firestorm succeed, and this investment may be just the beginning. For example, our large manufacturing facility in Salt Lake City could accelerate the production of Firestorm’s products to meet increased demand," said Red Cat CEO Jeff Thompson.