Red Cat Invests Firestorm Modular UAS
Red Cat Invests in Modular UAS Company Firestorm
by DRONELIFE Staff Writer Ian M. Crosby
Red Cat Holdings [NASDAQ:RCAT] is one of the holdings in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. For complete list of holdings click here. The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV). AdvisorShares is a DRONELIFE sponsor.
Military technology company Red Cat Holdings has made a major financial investment in Firestorm, the developer of the first fully Modular Unmanned Aerial System (MUAS) to be 3D printed and payload agnostic.
Firestorm is establishing a new class of fixed-wing UAS with 30-day repetitions, commitment to open-system architectures, and an approach to manufacturing enabling flexible scaling of production.
“Firestorm is changing how UAV’s can be designed, manufactured, and delivered quickly,…