Red Cat and Palantir Forge Strategic Partnership to Enhance AI-Powered Drone Technology for Modern Warfare

Red Cat Teams Up With Palantir For Modern Warfare Edge; Stock Jumps - Red Cat Hldgs (NASDAQ:RCAT), Palantir Technologies (NASDAQ:PLTR)

Nasdaq-100 inclusion for Palantir, effective Dec. 23, boosts visibility; shares up 300% in 2023 as AI demand rises. Red Cat Holdings, Inc. RCAT disclosed a strategic partnership with Palantir Technologies Inc. PLTR to integrate Visual Navigation software into its Black Widow drones and deploy Warp Speed, Palantir's manufacturing OS. This collaboration will enhance autonomous small Unmanned Aerial Systems (sUAS) for modern warfare by utilizing Palantir's AI software, which enables accurate navigation using up-to-date satellite imagery, independent of GPS or radio control signals. Red Cat's partnership with Palantir enhances its aerial intelligence capabilities, providing real-time situational awareness for warfighters. With Black Widow selected for the U.S. Army's Short Range Reconnaissance Program, this collaboration enables the deployment of GPS-independent, electronic-warfare resistant sUAS. Palantir's VNav software solves inertial drift by comparing the drone's position to up-to-date satellite imagery. Jeff Thompson, Red Cat CEO, said, "This innovation will enhance the warfighter's Intelligence, Surveillance, and Reconnaissance capability while improving lethality. This begins in our multiple factories, where Palantir's Warp Speed will optimize production, streamline our supply chain, change management, and quality assurance, ultimately reducing costs and improving margins." Aki Jain, Palantir's CTO & President, US Government stated, "Arming Red Cat drones with Palantir's Visual Navigation along with integrations into Maven Smart System, while also powering their production via Warp Speed, will provide unprecedented capability for the battlefield and secure the ongoing competitive advantage of the West." Apart from this, on Sunday, Nasdaq announced the inclusion of Palantir to the Nasdaq-100 Index, effective December 23. The inclusion of Palantir in the Nasdaq-100 could significantly boost its visibility and attract fresh inflows from major ETFs like QQQ. Wedbush Securities Managing Director Dan Ives has labeled Palantir the "Messi of AI," predicting 2025 will be a breakout year for the company's artificial intelligence platform. PLTR stock has gained over 308% in the past year. Investors can gain exposure to the Palantir via REX AI Equity Premium Income ETF AIPI and ProShares Big Data Refiners ETF DAT. Price Action: PLTR shares are down 4.19% at $72.88 at the last check Monday, while RCAT is up 21% at $9.96. Read Next: MicroStrategy, Palantir, Axon Added To Nasdaq 100: Super Micro Computer, Moderna, Illumina Exit The Index Image via Shutterstock. Market News and Data brought to you by Benzinga APIs

Red Cat Partners with Palantir to Equip Black Widow™ with Autonomous Visual Navigation and Warp Speed for GPS-Compromised Environments

, (GLOBE NEWSWIRE) -- (Nasdaq: RCAT) ("'' or the "Company"), today announced a strategic partnership with (Nasdaq: PLTR) to integrate Visual Navigation software (VNav) into Red Cat's Black Widow drones and to deploy Warp Speed, Palantir's manufacturing OS. This collaboration will transform autonomous sUAS operations for modern warfare by utilizing Palantir's advanced AI software running onboard the drone which references up-to-date onboard satellite imagery to provide accurate navigation entirely independent of GPS or radio control signals. The integration of Palantir's VNav software and use of Warp Speed advances Red Cat's mission to define the future of aerial intelligence and provide warfighters with critical, real-time situational awareness on the battlefield. Following Black Widow's selection for the Army's Short Range Reconnaissance Program, this partnership accelerates the ability to deploy electronic-warfare (EW) resistant sUAS without GPS. Palantir's VNav software solves the persistent problem of long-range inertial drift by comparing the drone's position against onboard up-to-date satellite imagery. Key Benefits of Palantir's VNav technology for Black Widow drones: "Equipped with Palantir's visual navigation and artificial intelligence, the Black Widow will be among the most capable drones ever fielded by the , compact enough to fit in a rucksack," said , CEO. "This innovation will enhance the warfighter's Intelligence, Surveillance, and Reconnaissance capability while improving lethality. This begins in our multiple factories, where Palantir's Warp Speed will optimize production, streamline our supply chain, change management, and quality assurance, ultimately reducing costs and improving margins." "For more than two decades, we have been providing warfighters with mission-critical software and production AI capabilities - including Project Maven," said , Palantir's CTO & President, . "Arming Red Cat drones with Palantir's Visual Navigation along with integrations into Maven Smart System, while also powering their production via Warp Speed, will provide unprecedented capability for the battlefield and secure the ongoing competitive advantage of the West." About (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, , has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the Army's Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red. 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. Forward-looking statements are based on 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-K filed with the on . Forward-looking statements contained in this announcement are made as of this date, and undertakes no duty to update such information except as required under applicable law.