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Dive Brief: Skypersonic, which was seeded through an incubator program at Wayne State University in Detroit and provides drones that can be piloted from thousands of miles away, has been acquired by Puerto Rico-based software provider Red Cat Holdings, according to a news release. Terms were not disclosed. Skypersonic's Skycopter is a miniature drone designed to monitor hard-to-reach locations including critical infrastructure components, sewer mains and enclosed shafts. The unit flies inside a lightweight spherical cage, which avoids damage to inspected areas while protecting the unit. Combi...

The Martha's Vineyard Times O.B. approves lighthouse lead testing Approval gives Coast Guard access to small portions of town-owned land where contamination may have spread. Oak Bluffs approved the Coast Guard to conduct lead testing and remediation on town owned land adjacent to East Chop Lighthouse. The Oak Bluffs select board approved lead testing to be conducted by the U.S. Coast Guard on town land adjacent to the East Chop Lighthouse where it believes contamination has spread. The approval gives the Coast Guard access to several small areas outside the 60- by 60-foot parcel o...

Skyloc, Skypersonic’s real time environmental monitoring drone system. Red Cat Holdings, Inc. (OTCQB:RCAT), a leading brand in the drone industry, reports that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,877,162 on December 29, 2020 to Skypersonic Inc. Red Cat previously announced the signing of a definitive agreement to acquire Skypersonic in February 2021 and expects to close the transaction in April. Entitled “Terrestrial Based Positioning Systems and Methods,” the ‘162 patent is the first U.S. patent issued to Skypersonic. The patent covers terrestrial based...

Share this article Share this article HUMACAO, Puerto Rico, April 12, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB:RCAT), a leading brand in the drone industry, reports that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,877,162 on December 29, 2020 to Skypersonic Inc. Red Cat previously announced the signing of a definitive agreement to acquire Skypersonic in February 2021 and expects to close the transaction in April. Skyloc, Skypersonic’s real time environmental monitoring drone system. Skyloc enables a drone to record and transmit inspection data while being opera...

Red Cat Reports Record Revenues For Fiscal Third Quarter Red Cat Holdings, Inc. (OTCQB: RCAT)  (“Red Cat” or the “Company”), a leading brand in the drone industry, reviewed its recently reported financial results for its fiscal third quarter which included record quarterly revenues. “We are pleased to report record quarterly revenues exceeding $2 million for our fiscal third quarter driven by the first full quarterly contribution from our Fat Shark subsidiary which was acquired in November 2020,” stated Jeffrey Thompson, Chief Executive Officer. “Our Rotor Riot subsidiary ...