/PRNewswire/ Red Cat Holdings, Inc. (OTCQB: RCAT) ("Red Cat"), announced the signing of a letter of intent to acquire Skypersonic Inc., a provider of drone.
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ORLANDO, Fla., Dec. 22, 2020 /PRNewswire/ Red Cat Holdings, Inc. (OTC: RCAT) ( Red Cat or the Company ), a leading brand in the drone industry, today announced its Rotor Riot e-commerce store generated record monthly sales in November 2020. We are thrilled with Rotor Riot s performance, said Jeff Thompson, CEO of Red Cat.
Rotor Riot Cinewhoop
The Cinewhoop, built and tuned by Rotor Riot, is based on the ShenDrones Squirt, enabling drone operators to experience the HD quality of the DJI system with a professionally built high performance drone.
Rotor Riot s Cinewhoop model was a key revenue driver for the Company in November, accounting for nearly 30% of sales for the month.
Red Cat Holdings Announces Trading to Commence on the OTCQB Venture Market December 15, 2020
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SAN JUAN, Puerto Rico, Dec. 15, 2020 /PRNewswire/ Red Cat Holdings, Inc., (OTCQB:RCAT) today announced it will commence trading on the OTCQB venture market with the market open on Tuesday, December 15, 2020. The Company will continue to trade under the symbol RCAT .
The Company provides products, services and solutions to the drone industry. We design, develop, market, and sell drone products under our Fat Shark, Red Cat and Rotor Riot brands. We sell First Person View (FPV) video goggles for pilots to fly drones and for gaming, and have the largest market share of drone goggle sales. We also provide software design and are developing systems to perform flight data analytics, storage and diagnostics. Our services also include drone media, training and sales through our dedicated ecommerce store.