Press Releases July 2, 2026 02:53 PM

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

Red Cat's Teal Drones Advances to Next Stage in U.S. Military Drone Program

By Nina Shah
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Red Cat Holdings announced that its subsidiary, Teal Drones Inc., has advanced to Gauntlet II of the U.S. Drone Dominance Program, a key defense initiative focusing on rapid drone technology assessment and deployment. This progress highlights Red Cat's leadership in delivering advanced drone and robotic technologies supporting military and national security operations.

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

  • Teal Drones, part of Red Cat, was selected among 19 companies to compete in Gauntlet II at Fort Carson, Colorado, following successful completion of Phase 2 Qualifier.
  • The Drone Dominance Program aims to identify effective drone technologies that offer a strategic advantage on modern battlefields, emphasizing rapid evaluation and readiness.
  • Red Cat provides all-domain drone and robotic solutions spanning air, land, sea, and space, supporting military, government, and public safety sectors.

SALT LAKE CITY, July 02, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced that Teal Drones Inc. has advanced to Gauntlet II of the Drone Dominance Program. According to the program’s Phase 2 participant list, Teal is among 19 companies invited to participate in Gauntlet II at Fort Carson, Colorado, in August 2026, following the Phase 2 Qualifier.

The Phase 2 Qualifier was held at Camp Grayling, Michigan, where 49 companies were invited to compete and approximately 79 unique drones were tested across Long Range Strike and Tactical Assault in Close Quarters mission areas. Teal’s advancement reflects Red Cat’s continued focus on delivering trusted, mission-ready drone and robotic solutions that support the warfighter with critical situational awareness and operational advantage.

“Advancing to Gauntlet II is an honor and a meaningful validation of the work our Teal team is doing to deliver trusted, mission-ready systems for the warfighter,” said Jeff Thompson, CEO of Red Cat. “The Drone Dominance Program is focused on rapidly identifying proven drone technologies that can provide a decisive advantage on the modern battlefield, and we are proud to continue competing in support of that mission.”

About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its integrated portfolio of trusted U.S. and allied hardware and software, Red Cat supports military, government, and public safety operations across air, land, sea and space. Its systems span small unmanned aircraft systems, uncrewed surface vessels, wireless power transfer technology, and autonomous swarming software to enhance situational awareness, operational effectiveness, and mission safety. Learn more at www.redcat.red

Safe Harbor Forward-Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to our intended use of proceeds from the offering, annual revenue guidance, future manufacturing capacities and future market demand. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-KT filed with the SEC on March 19, 2026 and the Form 10-Q filed with the SEC on May 7, 2026, Red Cat’s preliminary prospectus supplement filed with the SEC and the other filings that Red Cat makes with the SEC. Forward-looking statements contained in this announcement are made as of this date, and Red Cat undertakes no duty to update such information except as required under applicable law.

Investor Contact:
Ankit Hira
Solebury Strategic Communications for Red Cat Holdings, Inc.
E-mail: [email protected]

Media Contact:
Peter Moran
Phone: (347) 880-2895
Email: [email protected]


Risks

  • Forward-looking statements contain uncertainties related to future market demand, manufacturing capacities, and revenue projections, which may not materialize as expected.
  • Competition in defense technology and drone sectors can impact contract awards and program participation, possibly affecting revenue streams.
  • Regulatory and operational risks inherent in defense contracting, including changes in government budgets and priorities, may influence Red Cat's business performance.

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