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

Red Cat subsidiary Teal Drones builds its Teal 2 drone solutions, designed to support U.S. and allied military operations, public safety organizations, and government agencies, at its South Salt Lake facility. Teal 2 is a cost-effective, man-portable sUAS designed to “Dominate the Night” that has best-in-class night vision, multi-vehicle control support, and a fully modular design. It is both Blue UAS Certified and FAA Remote ID approved.

OPT’s PowerBuoy can act as an Uninterruptable Power Supply (UPS) which constantly recharges itself by harvesting energy from the waves. It is ocean-deployed, moored and floats over the point of use and can operate in any ocean depth over 20 meters and up to 3,000 meters (3 km). Through its Marine Advanced Robotics subsidiary, OPT offers the WAM-V — or Wave Adaptive Modular Vessel — an innovative class of autonomous surface vehicles (ASVs) that uses an articulating suspension system to minimize structural loading.

About Red Cat, Inc.   
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government and commercial operations. Red Cat’s solutions are designed to “Dominate the Night” and include the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class. Learn more at www.redcat.red.

About Ocean Power Technologies:
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

Forward-Looking Statements  
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