Skyspersonic, Subsidiary of Red Cat Holdings, Introduces Two-Year Facility Inspection Program with General Motors

SAN JUAN, Puerto Rico, May 17, 2022 (GLOBE NEWSWIRE) — Skyspersonic, a subsidiary of Red Cat Holdings, Inc. CATR (“Red Cat” or the “Company”), a provider of hardware software for the drone industry, highlights a two-year program in which General Motors used the Skycopter™, a purpose-built and equipped drone to perform safe inspections in harsh environments. environments, to perform crane rail inspections at all of its 19 stamping (metalworking) facilities in North America.

“With the Skycopter, we are able to capture information relevant to the maintenance of our facilities and their internal structures in a relatively short period of time. We can capture information in two to three hours compared to what would normally take eight to twelve hours.and this would also include completely shutting down the facility, erecting scaffolding and lifting personnel into the air and onto the rails for manual inspection.The Skycopter provides an inspection and collecting data faster than traditional methods while providing a much safer work environment for our employees,” commented John Brown, Reality Capture Supervisor for General Motors North America.

“In our two years of rigorous use of the Skycopter, we have exploited all the potential weak points in the system, and no one has taxed this technology the way we have. We have learned a tremendous amount about the inspection capabilities of the Skycopter and we found out I can now talk to anyone at General Motors and show them what we’ve done and ask them why they would want to go somewhere else and do something different for facility inspection services. let’s try to ensure that the Skycopter is standard equipment that we use in all of our factories,” Brown concluded.

The full inspection program took over two years, including the initial planning and pilot training phases, while the inspection process at the 19 facilities took 14 months. The program consisted of a video recording of 50,000 cumulative feet of crane rails captured from over 200 flight hours by the Skycopter at all 19 facilities for later analysis by structural engineers. The Skycopter has been flown by General Motors personnel at all times after completion of an initial pilot training program with Skyspersonic. Based on lessons learned from this initial inspection program, General Motors believes it can significantly reduce the next round of crane rail inspections from 14 months for the 19 North American stamping facilities to six months. Additionally, General Motors is evaluating the use of the Skycopter in other inspection applications at other factories and facilities.

“I am proud that Skyspersonic is able to help advance industrial inspections by providing advanced drone technology that reduces costs and increases workplace safety. This case study from General Motors is a great case study on how drone technology and proper training can be used to modernize legacy inspection processes,” said Skyspersonic Founder Giuseppe Santangelo.

To view a video of General Motors Representative John Brown describing the use of the Skycopter for inspection applications at General Motors facilities, please click here.

About Red Cat Holdings, Inc.
Red Cat provides drone-based products, services and solutions through its five subsidiaries and serves the enterprise, military and consumer markets. Teal Drones is a leader in unmanned aircraft systems (UAS), and its Golden Eagle is one of five drones approved by the Department of Defense for reconnaissance, public safety and inspection applications. Skyspersonic’s technology enables drones to perform inspection services in locations where GPS is unavailable, while recording and transmitting data even when operating thousands of miles away. Fat Shark is a leading provider of First Person View (FPV) video goggles. Rotor Riot, LLC is a reseller of drones and FPV equipment, primarily aimed at the consumer market. Learn more at https://www.redcatholdings.com/.

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 in this press release can be identified by the use of words such as “anticipate”, “believe”, “intend”, “could”, “estimate”, “expect”, “have the ‘intent to’, ‘seek,’ ‘may’, ‘could’, ‘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 the current expectations of Red Cat Holdings, Inc. and are subject to uncertainties, inherent risks and assumptions that are difficult to predict. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate. These and other risks and uncertainties are described below. in detail in the section entitled “Risk Factors” of the final prospectus relating to the public fre filed with the Securities and Exchange Commission. The forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no obligation to update such information except as required by applicable law.

Contact:
INVESTORS:
COREIR
Phone: (516) 222-2560
E-mail: [email protected]
Website: https://www.redcatholdings.com/


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Ryan H. Bowman