Red Cat Endorses Passing of the American Security Drone Act

SAN JUAN, Puerto Rico, Dec. 26, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq:RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government and commercial operations, endorses the passing of the American Security Drone Act (ASDA) as an important legislation package that benefits the federal government, domestic drone businesses, and national security. Introduced in November 2023, the bipartisan act prevents the federal government from procuring drones from countries that are deemed security threats, such as China. It was officially passed into law as part of the National Defense Authorization Act.

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