Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions
SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq:RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces a partnership with Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions. The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.