Red Cat Holdings Signs Letter of Intent To Acquire LuGus Studios
Acquisition Expands Red Cat Drone Services to include Drone Pilot Training
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HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ Red Cat Holdings, Inc. (NASDAQ: RCAT) ( Red Cat or the Company ), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone.