Business
Red Cat to Host Investor Update Call on January 25 at 4:15 pm ET
ORLANDO, Fla,, Jan. 21, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today
About this update from Red Cat Holdings, Inc.
[{"type":"text","content":"ORLANDO, Fla,, Jan. 21, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB: RCAT) (\"Red Cat\" or the \"Company\"), a leading brand in the drone industry, today announced it will host a conference call on Monday, January 25, 2021 at 4:15 p.m. ET to provide an update on the Company's current operations and outlook for 2021. \n\n \n \n \n \n \n \n\n \n\"2020 was a transformative year for the Company highlighted by the acquisition of two of the leading brand names in the first person view (FPV) segment of the drone industry\" noted Jeffrey Thompson, Chief Executive Officer. \"The drone industry is growing rapidly but is still in its early stages of development, and we plan to explore other acquisition opportunities in 2021.\"\nIn January 2020, the Company acquired Rotor Riot, LLC, a leader in the sale of FPV drones and equipment, primarily to the consumer marketplace through its digital storefront located at www.rotorriot.com. Rotor Riot has high visibility in social media through its Facebook page and its sponsorship of a professional drone racing team which has won numerous championships.\nIn November 2020, the Company acquired Fat Shark Holdings, LLC, (\"Fat Shark\"), the leader in the sale of FPV goggles. The acquisition of Fat Shark has significantly increased the Company's revenue base. In January 2021, Fat Shark released its first generation of digital goggles, the Shark Byte product line which has generated strong orders and is well positioned in the market, especially following the U.S. government's recent action to ban the sale of Chinese based drone equipment in the United States.\n\"Over the past two years, the Company has advanced from a development stage, private enterprise to a publicly traded, revenue generating company in an industry that is forecast to grow substantially over the next decade\" stated Joseph Hernon, Chief Financial Officer. \nDate:\nMonday, January 25, 2021\nTime:\n4:15 p.m. Eastern Time\nLive Call:\n+1-877-407-9039 (U.S. Toll-Free) or +1-201-689-8470 (International)\nFor interested individuals unable to join the conference call, a dial-in replay of the call will be available until February 8, 2021 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13715543.\nAbout Red CatRed Cat provides products, services and solution...