Firestorm financial investment shows Red Feline’s concentrate on military drones

Business drone huge Red Feline is doubling down on its concentrate on making drones for the armed force. The Puerto Rico-based military tech business, which owns noteworthy business and military drone business such as Teal Drones, today revealed a financial investment in Firestorm.

Firestorm is a U.S.-based business developing a modular drone that is likewise 3D-printed and payload agnostic. Red Feline offered couple of information on the financial resources, aside from that it’s “a materially substantial financial investment.”

The financing is most likely to move Red Feline’s other subsidiaries forward– especially Teal, which is most well-known for its Golden Eagle security drone, and likewise just recently introduced what’s called the Teal 2 drone.

” Our company believe that our Teal 2 drone and the Firestorm UAV might be an excellent mix for the warfighter,” stated Red Feline CEO Jeff Thompson in a ready declaration.

The Teal 2 drone was created particularly for nighttime operations and has a military focus at its leading edge. In truth, Red Feline has actually currently filled an order from U.S. Customs and Border Security for 54 systems of the Teal 2, and the business stated it has actually just recently been checking out NATO nations to talk about how Ukrainian forces may utilize the Teal 2 to counter Russian forces especially after dark.

What is Firestorm?

Firestorm markets itself as “a brand-new classification of fixed-wing UAS with 30-day item versions, a dedication to open-system architectures, and an additive production method that permits them to scale production in a flexible way.”

The drones have especially-long variety, and can likewise loiter for longer periods, making them more effective and economical.

With the Red Feline financial investment, Firestorm gets an upper hand in a myriad of methods, consisting of having access to Red Feline’s production center in Salt Lake City which might assist it increase production.

Red Feline’s pastime days are over

Red Feline at one point owned a variety of drone business consisting of well-known names like Fat Shark, which is possibly best understood for its function making FPV safety glasses for drone racing ( though it likewise makes other items like an all-in-the-box FPV drone racing set The portfolio likewise consisted of drone way of life and racing brand name Rotor Riot, in addition to remote evaluation business Skypersonic and Dronebox, an analytics platform for cloud-based flight intelligence.

However nowadays, Red Feline, which is openly traded on the Nasdaq stock market, calls itself “a military innovation business that incorporates robotic software and hardware to supply vital situational awareness and actionable intelligence to on-the-ground warfighters and battleground leaders.”

It still owns Skypersonic, and it most plainly promotes ownership of Teal, which it got in 2021 It likewise just recently partnered with Tomahawk Robotics and Reveal Innovation.

However as far as a few of the more hobby-focused business go, they’re gone. At the end of 2022, Red Feline revealed that it would sell its customer department– which included Rotor Riot and Fat Shark Holdings– to a business called Uncommon Makers for $18 million (including 5 million in money, $2.5 million in a convertible senior note of Uncommon Makers, and $10.5 million in Series A convertible favored stock). Those business were everything about FPV, drone racing and other elements of leisure and pastime drones.

” The sale of Rotor Riot and Fat Shark Holdings will enable us to focus our efforts and capital on military and defense,” stated Red Feline CEO Jeff Thompson.

Though enthusiasts and racing folks need not stress. Rotor Riot is still alive and well, including its active YouTube channel

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