Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions. The partnership will enable organizations using OPT’s PowerBuoy and WAM-V platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.

“Partnering with Ocean Power Technologies is a significant part of our strategy to address the needs and requirements of the Pentagon’s Replicator Initiative with drone and swarming capabilities across multiple domains, including maritime missions,” said George Matus, Red Cat’s Chief Technology Officer. “We see significant opportunity for drones to extend ocean surveillance and situational awareness alongside autonomous surface vehicles to quickly move data across the air and sea while increasing the safety of reconnaissance teams and warfighters.”

Red Cat’s collaboration with Ocean Power Technologies and integration with OPT’s maritime domain awareness solution adds to its robust tactical ecosystem of partnerships with leading companies to provide the best solutions to clients for their tactical missions. Other Red Cat hardware and software partners include Primordial Labs, Tomahawk Robotics, Athena AI, Teledyne FLIR, Reveal Technology, Immervision, and Doodle Labs, which enable capabilities such as computer vision, AI, and third-party apps.

“Our core mission is to provide advanced autonomy solutions for greater maritime situational awareness for a variety of science and technology applications, including defense and security missions,” said Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies. “As technology plays an increasingly important role in naval shoreline and border protection, as well as potential battlefield scenarios, partnerships like this one with Red Cat are key to increasing mission range and endurance for existing manned and unmanned assets that are part of a larger defense network.”