Red Cat Holdings Inc., a hardware-enabled software provider to the drone industry based in San Juan, Puerto Rico, has closed on its acquisition of Teal Drones, a Salt Lake City-based provider of commercial and government unmanned aerial vehicle technology. Teal manufactures the Golden Eagle, one of only five drones approved by the U.S. Department of Defense for reconnaissance, public safety and inspection applications.
“This acquisition solidifies our leadership position within the drone industry, as it completes our ability to provide end-to-end solutions,” said Jeffrey Thompson, Red Cat CEO. “We can offer both consumer and enterprise drones with an extensive suite of additional software and hardware options and other technologies, along with an approved line of military drones for public safety, reconnaissance and inspection applications. Teal’s approval from the Pentagon provides a strategic advantage as the military continues to expand its deployment of drones.”
Teal was founded in 2015 and has grown from its origins as a consumer-oriented company into one focusing on the enterprise and government sectors. Teal products provide aerial surveillance and awareness for inspections and short-range reconnaissance.
“Teal’s prime directives since the beginning were simple: rebuild the American drone industrial base and accelerate the global adoption of drones across enterprise and defense markets,” said George Matus, founder and CEO of Teal. “This acquisition represents the best way Teal will fulfill its mission, leveraging Red Cat’s expertise and resources to deploy the best unmanned systems in the world, giving superhuman capabilities to commercial operators and military warfighters alike.”
Teal will anchor the enterprise segment at Red Cat that also includes Skypersonic, a remote inspection company, Thompson said. Companies in Red Cat’s consumer segment include Fat Shark Rotor Riot.