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Home Press Release GlobeNewswire

Red Cat’s Teal Drones Advances to Gauntlet II of Drone Dominance Program

July 3, 2026
in GlobeNewswire, Web3
Reading Time: 6 mins read
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SALT LAKE CITY, July 02, 2026 (GLOBE NEWSWIRE) — Red Cat Holdi gs, I c. (Nasdaq: RCAT) (“Red Cat” o the “Compa y”), a U.S.-based p ovide of adva ced all-domai d o e a d obotic solutio s fo defe se a d atio al secu ity, today a ou ced that Teal D o es I c. has adva ced to Gau tlet II of the D o e Domi a ce P og am. Acco di g to the p og am’s Phase 2 pa ticipa t list, Teal is amo g 19 compa ies i vited to pa ticipate i Gau tlet II at Fo t Ca so , Colo ado, i August 2026, followi g the Phase 2 Qualifie .

The Phase 2 Qualifie was held at Camp G ayli g, Michiga , whe e 49 compa ies we e i vited to compete a d app oximately 79 u ique d o es we e tested ac oss Lo g Ra ge St ike a d Tactical Assault i Close Qua te s missio a eas. Teal’s adva ceme t eflects Red Cat’s co ti ued focus o delive i g t usted, missio – eady d o e a d obotic solutio s that suppo t the wa fighte with c itical situatio al awa e ess a d ope atio al adva tage.

“Adva ci g to Gau tlet II is a ho o a d a mea i gful validatio of the wo k ou Teal team is doi g to delive t usted, missio – eady systems fo the wa fighte ,” said Jeff Thompso , CEO of Red Cat. “The D o e Domi a ce P og am is focused o apidly ide tifyi g p ove d o e tech ologies that ca p ovide a decisive adva tage o the mode battlefield, a d we a e p oud to co ti ue competi g i suppo t of that missio .”

About Red Cat Holdi gs, I c.Red Cat (Nasdaq: RCAT) is a U.S.-based p ovide of adva ced all-domai d o e a d obotic solutio s fo defe se a d atio al secu ity. Th ough its i teg ated po tfolio of t usted U.S. a d allied ha dwa e a d softwa e, Red Cat suppo ts milita y, gove me t, a d public safety ope atio s ac oss ai , la d, sea a d space. Its systems spa small u ma ed ai c aft systems, u c ewed su face vessels, wi eless powe t a sfe tech ology, a d auto omous swa mi g softwa e to e ha ce situatio al awa e ess, ope atio al effective ess, a d missio safety. Lea mo e at www. edcat. ed

Safe Ha bo Fo wa d-Looki g Stateme tsThis p ess elease co tai s “fo wa d-looki g stateme ts” that a e subject to substa tial isks a d u ce tai ties. All stateme ts, othe tha stateme ts of histo ical fact, co tai ed i this p ess elease a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts co tai ed i this p ess elease may be ide tified by the use of wo ds such as “a ticipate,” “believe,” “co template,” “could,” “estimate,” “expect,” “i te d,” “seek,” “may,” “might,” “pla ,” “pote tial,” “p edict,” “p oject,” “ta get,” “aim,” “should,” “will” “would,” o the egative of these wo ds o othe simila exp essio s, although ot all fo wa d-looki g stateme ts co tai these wo ds. Such stateme ts i clude, but a e ot limited to, stateme ts elati g to ou i te ded use of p oceeds f om the offe i g, a ual eve ue guida ce, futu e ma ufactu i g capacities a d futu e ma ket dema d. Fo wa d-looki g stateme ts a e based o Red Cat Holdi gs, I c.’s cu e t expectatio s a d a e subject to i he e t u ce tai ties, isks a d assumptio s that a e difficult to p edict. Fu the , ce tai fo wa d-looki g stateme ts a e based o assumptio s as to futu e eve ts that may ot p ove to be accu ate. These a d othe isks a d u ce tai ties a e desc ibed mo e fully i the sectio titled “Risk Facto s” i the Fo m 10-KT filed with the SEC o Ma ch 19, 2026 a d the Fo m 10-Q filed with the SEC o May 7, 2026, Red Cat’s p elimi a y p ospectus suppleme t filed with the SEC a d the othe fili gs that Red Cat makes with the SEC. Fo wa d-looki g stateme ts co tai ed i this a ou ceme t a e made as of this date, a d Red Cat u de takes o duty to update such i fo matio except as equi ed u de applicable law.

I vesto Co tact:A kit Hi aSolebu y St ategic Commu icatio s fo Red Cat Holdi gs, I c.E-mail: RCAT@solebu yst at.com

Media Co tact:Pete Mo a Pho e: (347) 880-2895Email: pete @i dicatemedia.com

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