May 12, 2021

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Pink Cat signals Letter of Intent to purchase Skypersonic Inc., the developer of a distant transoceanic piloting program technique for the drone marketplace

“Skypersonic Inc. shares our enthusiasm and eyesight for how the very first-individual-look at (FPV) use of drone technologies can empower businesses to entire important functions in an productive, risk-free method,” mentioned Jeffrey Thompson, CEO of Pink Cat.  “A Skycopter geared up with Skyloc software program can total inspections in locations that are confined, tough to attain, and inefficient to complete manually.”

“Skypersonic presently collaborates with several Automotive OEM (first equipment producer) buyers and Commercial Electrical power Industries located in US, Brazil, Europe, Center East, and Asia. The transoceanic direct-fly platform has enabled our customers to conduct true-time inspections with pilots and inspectors situated all in excess of the earth,” stated Giuseppe Santangelo, CEO of Skypersonic Inc.  “Combining the program solutions furnished by Sklyoc, and all those getting produced in Dronebox by Pink Cat, could result in a major software program running system throughout the entire drone sector.”

The signing of a letter of intent does not depict a binding transaction and there are no assurances that the transaction will be consummated.  Completion of the transaction is subject to thanks diligence, preparation of lawful paperwork and other typical closing disorders.

https://youtu.be/93o2UOGsmew

About Pink Cat
Purple Cat gives items, products and services and options to the drone marketplace through its 3 wholly owned subsidiaries.  Unwanted fat Shark Holdings is the primary service provider of Initially Individual Perspective (FPV) online video goggles to the drone sector.  Rotor Riot, LLC is a chief in the sale of FPV drones and gear, mainly to the purchaser marketplace by its electronic storefront found at www.rotorriot.com.  Rotor Riot enjoys higher visibility in social media by means of its Fb webpage and its sponsorship of a expert drone racing staff which has gained a lot of championships.  Red Cat Propware is acquiring a Software package-as-a-Answer (“SaaS”) platform to give drone flight info analytics and storage, as effectively as diagnostic items and companies.

About Skypersonic Inc.
Skypersonic Inc., is a service provider of drone merchandise and software package answers.  Skycopter is a miniaturized caged drone for industrial inspections in confined areas.  Skyloc is a proprietary telemetry gateway with environmental checking and precise location monitoring in GPS-denied environments. 

Protected Harbor
The details delivered in this press release might consist of forward-seeking statements relating to future events or the upcoming monetary general performance of the Corporation. Due to the fact these kinds of statements are issue to risks and uncertainties, actual final results may well differ materially from people expressed or implied by this kind of forward-searching statements. Terms this sort of as “anticipates,” “programs,” “expects,” “intends,” “will,” “likely,” “hope” and similar expressions are meant to detect ahead-hunting statements.  These ahead-seeking statements are based mostly upon latest anticipations of the Company and entail assumptions that may never ever materialize or may possibly show to be incorrect. Real final results and the timing of occasions could vary materially from those people expected in this kind of forward-seeking statements as a end result of numerous dangers and uncertainties. Thorough data pertaining to factors that may lead to precise effects to differ materially from the outcomes expressed or implied by statements in this push release relating to the Company may possibly be discovered in the Firm’s periodic filings with the Securities and Exchange Commission, such as the aspects described in the sections entitled “Threat Aspects”, copies of which might be received from the SEC’s website at www.sec.gov. The get-togethers do not undertake any obligation to update forward-wanting statements contained in this press launch.

Get in touch with
Chad Kapper
Mobile phone: ‪(818) 906-4701
E-mail: [email protected]
Site: https://rotorriot.com 

Investor Relations Get hold of
Dave Gentry, CEO
RedChip Firms
(407) 491-4498
[email protected]

Resource Purple Cat Holdings, Inc.

Associated One-way links

http://www.redcat.purple