
Red Cat Signs Contract with U.S. Customs and Border Protection for 106 Teal 2 Drone Systems
Press Release Red Cat Signs Contract with U.S. Customs and Border Protection for 106 Teal 2 Drone Systems SAN JUAN, Puerto Rico, Sept. 20, 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, today announces that subsidiary Teal Drones has signed $1.8 million in contracts with U.S. Customs and Border Protection (CBP) to provide Teal 2 systems to U.S. Border Patrol. Teal will deliver 106 Teal 2 drones plus spare parts and training. Border Patrol is using the Teal 2 to provide supplemental airborne reconnaissance, surveillance and tracking capability, enhancing situational awareness for U.S. field commanders and agents. The single-source contract is part