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Palladyne AI and Red Cat Expand Partnership for Teal Drones
Palladyne AI (NASDAQ: PDYN) announced an expanded partnership with Red Cat Holdingsand its Teal Drones subsidiary, focusing on joint sales and marketing activities. The partnership involves embedding Palladyne AI's artificial intelligence software into Teal drones to enable autonomous operation and create networks of collaborating drones. The Palladyne Pilotsoftware will be available on all Teal drones, including those to be delivered under Red Cat's recent U.S. Army's Short Range Reconnaissance Program contract, with deliveries expected to begin in 2025.
Palladyne AI (NASDAQ: PDYN) announced an expanded partnership with Red Cat Holdingsand its Teal Drones subsidiary, focusing on joint sales and marketing activities. The partnership involves embedding Palladyne AI's artificial intelligence software into Teal drones to enable autonomous operation and create networks of collaborating drones. The Palladyne Pilotsoftware will be available on all Teal drones, including those to be delivered under Red Cat's recent U.S. Army's Short Range Reconnaissance Program contract, with deliveries expected to begin in 2025.
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QMengColdJoke : Old CEO is decent. red cat is a decent company. 18M shares offering hurts, but company at 7million cash burn a quarter, it can make company can live much longer one and half year. Should be enough for product to sell out