Red Cat Invests in Firestorm Modular UASRed Cat Invests in Modular UAS Company Firestorm

by DRONELIFE Staff Writer Ian M. Crosby

UAV ETFRed 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,…