Red Cat Holdings, Inc., a leading brand in the drone industry, announced that its wholly owned subsidiary, Fat Shark Holdings, has received notice that the US Patent Office has approved its patent application covering the optical architecture of its FPV (first person view) headsets. The technology underlying this patent enables the construction of a higher performance headset at a lower cost. The Company expects this technology to be a core component of its expanding product line designed for the commercial deployment of drones which is expected to grow significantly over the next decade.
“Red Cat is building a diversified portfolio of drone technology products and services in an industry that is forecast to reach $40 billion by 2025″(Globe Newswire) stated Jeffrey Thompson, Chief Executive Officer. “Covid-19 has dramatically accelerated the adoption and deployment of drones across many industries. We believe that certain drone products and services that are introduced in the future will incorporate our patented technologies, and we are pleased to further protect our technology portfolio.”
“We believe that the technology underlying this patent will enable companies to develop drone solutions in a more cost effective and quicker manner, and result in a more advanced solution” stated Allan Evans, President of Fat Shark Holdings. “The utility of this patent has already been demonstrated by our successful rebuttal of a competitor’s attempt to launch a comparable product”.