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Red Cat Holdings Inc. (RCAT)

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Red Cat Propware Launches Open Source Software and Services for ...

Red Cat Propware


Red Cat To Acquire Rotor Riot


Company announces merger agreement with leader of high-performance FPV drone technology



SANTURCE, Puerto Rico, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (OTC: RCAT), a leading provider of distributed data storage, analytics and services for the drone industry, today announced it has entered into an agreement to acquire Rotor Riot in a stock and cash transaction. The companies expect the deal to close in mid-January.

“We believe this deal is another significant milestone in our strategy to fuel rapid growth,” said Jeff Thompson, CEO of Red Cat. “Rotor Riot is not only a leading provider of FPV and drone racing hardware, but the company is also a trusted resource and deeply embedded in the global FPV community. Combining our companies will further align our SaaS platform and data capabilities with cutting edge hardware available today, and provide a solid foundation for us to develop and engineer new and exciting technologies for both the drone hobby lifestyle and commercial industry.”

Rotor Riot’s revenue grew approximately 44% year-over-year from 2018 to 2019 to approximately $2.6 million. This transaction will provide the resources and combined expertise to drive further growth for both companies. Red Cat will continue to build and accelerate its drone black box and SaaS business and utilize its existing data analytics platform to develop a robust customer support system for Rotor Riot. As part of the deal, Chad Kapper will continue as Rotor Riot’s CEO.

“We have unwavering confidence in the Rotor Riot team to continue building their brand, loyal community, and market-leading products under the steadfast leadership of Chad Kapper and Drew Camden,” added Thompson.

“Rotor Riot was started from the ground up to be a premier source for FPV freestyle drone content and products for the hobby and sport,” said Chad Kapper, CEO of Rotor Riot. “We’ve built a large online subscriber base and our goal is to continue to educate, entertain and inspire the FPV community.”

“As an FPV pilot myself, getting to see Rotor Riot into this next phase is exhilarating. Our dream is to bring FPV drone sports to the mainstream by inspiring people to embrace this hobby and help them overcome the barriers to entry. It’s exciting to partner with Red Cat because they share this vision and their resources will help us double down on our efforts,” said Drew Camden, President of Rotor Riot.

In 2019, DJI, the market leader in easy-to-fly drones and aerial photography systems, made a significant entry into the FPV space with a new system that is helping more people than ever get into hobby. Rotor Riot worked closely with DJI to create content that demonstrates the new system’s capabilities and both companies plan to further support each other moving forward.

Following this partnership with DJI, Rotor Riot saw record sales during Q4 2019. Rotor Riot also furthered its expansion into the mainstream consumer retail market with its wired video game and drone controller now also available in the Apple Store and Best Buy.

On the professional FPV racing front, Rotor Riot Team Pilot Alex Vanover won the Drone Racing League World Championships on December 29th, 2019. Alex is the youngest pilot in DRL at age 19, with MultiGP National Championships to his name. The Rotor Riot gear and set up that Vanover uses can be found here: https://rotorriot.com/collections/captain-vanovers-setup.

About Red Cat
Red Cat (OTC: RCAT) is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com.

Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The Company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

Investor Relations Contact Information:

Red Cat Inc.
Cobian's Plaza,
1607 Avenida Juan Ponce de León,
San Juan, PR 00909

PR Contact Information:

Todd Barrish
Indicate Media

Red Cat Announces Reverse Merger with TimeFireVR

Stock continues to be listed on OTC markets as “TFVR”

Santurce, Puerto Rico - May 16, 2019 -

Red Cat, Inc. (“Red Cat”) a leading provider of distributed data storage, analytics and services for the drone industry, today announced thesuccessful completion of a reverse merger with TimeFireVR, d/b/a TeraForge.

“With the commercial drone industry growing at 170 percent annually, and the FAA recentlygranting airline status to Google Wing's drone fleet for deliveries, we believe Red Cat is wellpositioned to help transform this rapidly evolving ecosystem,” said Jeff Thompson, Red CatCEO. “We expect to see an increase in FAA approvals for other large companies and believethat Red Cat can play a pivotal role with large drone fleets for privacy, insurance, and regulatorycompliance as a trusted third party utilizing blockchain technology. With access to the publicmarkets, our focus will be on rapid growth through acquisitions and continued development ofour SaaS platform and to better utilize the hash power of the mining rigs we now own andoperate.”

Red Cat was founded in March 2016 to address a growing need in the rapidly evolving droneecosystem for a simple and secure data storage and analytics solution. Red Cat developed theindustry’s first black box drone flight recorder and distributed system with security andencryption that regulators and insurance companies can trust. The company also providesBlockchain-Based Distributed Storage where stored data (GPS maps and logs; video andphotos; telemetry logs) is secured and encrypted, enabling compliant operations and privacy forpilots data.

In April, 2019, Red Cat became a founding member of the First Person View (FPV) FreedomCoalition after the coalition’s official launch as a 501(c)(3) organization. As part of the coalition,Red Cat will continue advocating for airspace for recreational drone pilots and FPV operators,provide safety and education guidelines compliant with the FAA (Federal AviationAdministration), and integrate the FPV community into the regulatory framework as an FAAcommunity-based organization (CBO).

Red Cat was acquired by TimeFireVR, Inc. (OTC:TFVR), which will continue business through its new subsidiary, Red Cat, under a new management team headed by Red Cat founder andCEO, Jeff Thompson. The company’s shares currently trade on the OTC Markets under the symbol TFVR. The company intends to file necessary applications to change the stock symbolto RCAT and name to Red Cat Propware, Inc

About Red Cat- Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides
solutions for regulators to track and review flight data, insurance companies to insure drones,and pilots to become compliant with regulations. Red Cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a saferplace. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visitwww.redcatpropware.com.


Interview with Jeff Thompson about Redcat


Bardwell views on why supporting RedCat an Thompson is important for Hobby Flyers to protect your future ability to fly your drone!


Link to SEC Filings:


JUNE 4TH, 2019

Section 7 - Regulation FD
  Item 7.01 Regulation FD Disclosure


On June 4, 2019, we released the press release furnished herewith as Exhibit 99.2.




  Item 8.01 Other Events


On June 4, 2019, we executed a Letter of Intent with Rotor Riot, LLC (the “LOI”), a copy of which is furnished herewith as Exhibit 99.1. The LOI, which is non-binding, sets forth the terms for our contemplated acquisition of Rotor Riot, a drone technology and media company. Any acquisition of Rotor Riot will be subject to the completion of due diligence, the negotiation of a definitive agreement, and other conditions.







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RCAT News: Amended Statement of Ownership (sc 13g/a) 02/20/2020 03:06:41 PM
RCAT News: Amended Statement of Ownership (sc 13g/a) 02/13/2020 04:13:00 PM
RCAT News: Current Report Filing (8-k) 02/04/2020 04:57:12 PM
RCAT News: Initial Statement of Beneficial Ownership (3) 02/03/2020 03:00:47 PM
RCAT News: Current Report Filing (8-k) 01/29/2020 05:18:30 PM
#14203  Sticky Note Red cat to acquire Rotor Riot DrStevens 01/03/20 06:51:47 PM
#14562   The last part is dead on. This is sonofahb 04/07/20 11:07:26 PM
#14561   So Bruce of Red Chip knows if no Samshalom1 04/07/20 02:31:09 PM
#14560   No as different company. Maybe I’ll give it Samshalom1 04/07/20 02:22:32 PM
#14559   Have you tried Bruce at RedChip? DrStevens 04/07/20 02:19:05 PM
#14557   Well just an FYI. Calls to Redcat result Samshalom1 04/07/20 11:45:37 AM
#14556   the partnership was about paid sponsored content and nickmerck 04/07/20 12:07:37 AM
#14555   They are still partnered, now you're just stirring DrStevens 04/06/20 11:25:57 PM
#14554   there will be no news until end of nickmerck 04/06/20 11:18:34 PM
#14553   I wasn’t asking advice I was simply stating sonofahb 04/06/20 03:53:09 PM
#14552   I have roughy 12% of my portfolio in DrStevens 04/06/20 02:31:03 PM
#14551   I wasn’t referring to shorting. Opportunities are developing sonofahb 04/06/20 01:48:04 PM
#14550   Yeah it’s been a hard 2 1/2 years Samshalom1 04/06/20 01:39:01 PM
#14549   Timing and Patience! investor2004 04/06/20 01:18:17 PM
#14548   “The hardest thing to do is sit tight DrStevens 04/06/20 01:14:14 PM
#14547   Would rather forget it to be honest!LOL But investor2004 04/06/20 01:07:22 PM
#14546   It’s encouraging because you can’t really short a DrStevens 04/06/20 12:47:35 PM
#14545   https://media1.tenor.com/images/e52a3ab5704c1758b8f894e13a9fba38/tenor.gif? investor2004 04/06/20 12:44:45 PM
#14544   MrStevens, does the volume today or here lately sonofahb 04/06/20 12:22:26 PM
#14543   What a massive short today! How will we recover???? DrStevens 04/06/20 11:51:44 AM
#14542   a company that has no profits and has nickmerck 04/06/20 12:17:42 AM
#14541   I guess the question remains, does Rotor Riot’s Samshalom1 04/06/20 12:04:54 AM
#14540   since the merger was completed, yes. nickmerck 04/06/20 12:01:29 AM
#14539   But wouldn’t those who work for Rotor Riot Samshalom1 04/06/20 12:00:32 AM
#14538   according to people I talked to they have nickmerck 04/05/20 11:55:29 PM
#14537   That’s anybody’s guess. I remember seeing a video sonofahb 04/05/20 07:22:39 PM
#14536   Doesn't Rotor Riot alone have about 20 employees? matty9000 04/05/20 04:58:30 PM
#14535   Heh, yea I think you may have the sonofahb 04/04/20 10:59:45 PM
#14531   To learn more about how drones are making Nampo 04/04/20 02:41:54 PM
#14526  Restored I was long, but have recently done more nickmerck 04/04/20 03:35:03 AM
#14525   Situation put this industry on fast forward. investor2004 04/04/20 01:34:52 AM
#14524   Interesting developments. I work for a large insurance Samshalom1 04/03/20 04:09:11 PM
#14523   Gochain.io website was just updated an hour ago. DrStevens 04/03/20 02:38:03 PM
#14522   Yawn. DrStevens 04/03/20 12:00:13 PM
#14521   RCAT will be back below $0.01 before end nickmerck 04/03/20 03:33:37 AM
#14520   That Green Looks Nice! investor2004 03/26/20 08:15:17 PM
#14519   Keep our fingers crossed but seems like after investor2004 03/26/20 07:58:52 PM
#14518   Good article from out vantage. Kinda smacks of Samshalom1 03/26/20 07:24:22 PM
#14517   Very good article - thanks for posting DrStevens 03/26/20 07:18:51 PM
#14516   Good Article On How China Has Used Drones investor2004 03/26/20 07:12:22 PM
#14515   Looks like available shares have dried up down investor2004 03/26/20 12:27:03 PM
#14514   Will be interesting to see how it follows Samshalom1 03/25/20 05:03:27 PM
#14513   Nice Day Volume And Price! investor2004 03/25/20 04:01:05 PM
#14512   No Rotor Riot revs here on Q since investor2004 03/23/20 08:34:07 PM
#14511   Well another not so good report in my Samshalom1 03/23/20 06:15:20 PM
#14510   Industry IS Going To Boom Soon! investor2004 03/22/20 04:08:55 PM
#14509   You’re 100% correct! All those Tfvr shares he Flyhalf 03/19/20 04:08:25 PM
#14508   I am sorry, I could not disagree more. investor2004 03/18/20 11:05:48 AM
#14507   Lol Samshalom1 03/16/20 08:15:05 PM
#14506   $10 BET! Bitcoin was “hot” so Read jumped Flyhalf 03/16/20 08:06:56 PM
#14505   You know, the more I think about this, investor2004 03/16/20 12:39:16 AM