SAN DIEGO, June 4, 2025 /PRNewswire/ --The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025, inclusive (the "Class Period"), have until July 22, 2025 to seek appointment as lead plaintiff of the Red Cat class action lawsuit. Captioned Olsen v. Red Cat Holdings, Inc., No. 25-cv-05427 (D.N.J.), the Red Cat class action lawsuit charges Red Cat as well as certain of Red Cat's top cu ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Red Cat To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in Red Cat between March 18, 2022 and January 15, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, June 4, 2025 /PRNewswire/ ...

Summary of AeroVironment (AVAV) FY Conference Call Company Overview - **Company Name**: AeroVironment (AV) - **Industry**: Aerospace and Defense - **Recent Development**: Merger with Blue Halo, creating a combined company focused on defense technology solutions [1][2] Key Points and Arguments 1. **Drone Capabilities**: - AeroVironment's Switchblade 300 and 600 drones come with a multi-pack launching system, allowing for remote activation and deployment [6][7] - The Switchblade drones have been recognized for their effectiveness in recent conflicts, particularly in Ukraine, where they demonstrated the ability to evade enemy countermeasures [3][44] 2. **Market Position**: - The company has been a trusted supplier to the US military and allies for over 30 years, positioning itself as a leader in unmanned systems, counter UAS, and directed energy technologies [11][12] - The combined revenue of AeroVironment and Blue Halo is approximately $2 billion, with a market cap exceeding $8 billion [14] 3. **Growth and Investment**: - AeroVironment has shown consistent double-digit profitable growth over the last decade and expects to continue this trend post-acquisition [13][16] - The company has invested over $3 billion in research and development, focusing on innovative solutions and advanced technologies [31][16] 4. **Product Portfolio**: - The combined company will operate in two segments: Autonomous Systems and Space Technology, with a diverse range of products including precision strike capabilities, counter UAS systems, and advanced cyber solutions [15][18] - The Switchblade series is highlighted as a leading product in the precision strike category, with the Switchblade 600 being selected for a new US Army program [35][34] 5. **Strategic Alignment with US DOD**: - AeroVironment's product offerings align with the US Department of Defense's (DOD) priorities, including precision fires, autonomous systems, and counter UAS technologies [24][23] - The company is positioned to capture significant business opportunities with the DOD, with over 30 active programs of record [27][19] 6. **Technological Innovation**: - The company emphasizes its commitment to innovation, with a focus on open architectures and adaptability to meet evolving defense needs [31][32] - The introduction of new technologies, such as the Titan counter UAS system and the Red Dragon autonomous drone, showcases AeroVironment's leadership in the market [40][36] Additional Important Insights - **Competitive Landscape**: The company has developed its own RF communication systems, which are widely deployed in its drones, providing a competitive edge in electronic warfare scenarios [55][58] - **Future Outlook**: With increasing defense budgets and a focus on advanced technologies, AeroVironment is well-positioned for significant growth in the coming years, potentially doubling its size [47][46] This summary encapsulates the key discussions and insights from the AeroVironment FY Conference, highlighting the company's strategic direction, product offerings, and market positioning within the aerospace and defense industry.

SAN DIEGO, June 03, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025. Red Cat, together with its subsidiaries, provides various products, services, and solutions to the U.S. drone industry. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins ...

Core Insights - ZenaTech, Inc. is advancing its projects in drone swarms, US military applications, and quantum computing, which will be showcased at three upcoming investor conferences [1][2] - The company emphasizes the importance of intelligent, networked systems in modern military warfare, moving beyond traditional reliance on brute force [2] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and quantum computing solutions for mission-critical applications [6] - The company has been enhancing its drone design and manufacturing capabilities through its subsidiary, ZenaDrone, since 2017 [6] - ZenaTech's solutions are utilized across various sectors, including law enforcement, health, government, agriculture, defense, and logistics, driving operational efficiencies and cost savings [6] Upcoming Conferences - ZenaTech will participate in the Maxim Group Virtual Tech Conference on June 4, 2025, focusing on AI and quantum computing innovations [3] - The MicroCap Rodeo Investor Conference will take place on June 6, 2025, providing a platform for ZenaTech to connect with institutional investors [4] - The CEM Bermuda Capital Event will occur from June 7-9, 2025, where ZenaTech's executives will engage in investor meetings [5] Product Innovations - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions incorporating machine learning, AI, and quantum computing [7] - The ZenaDrone 1000 is utilized for crop management in agriculture and critical field cargo in defense, while the IQ Nano is designed for inventory management and security [8] - The IQ Square drone serves both indoor and outdoor applications for land surveys and inspections in commercial and defense sectors [8]

Core Insights - Draganfly Inc. has announced the first deliveries of its Flex FPV systems to a major U.S. military contractor, marking a significant milestone for the platform [1][4] - The Flex FPV system features a modular core architecture that allows for quick adjustments in arm and propeller sizes, enhancing its versatility for various mission profiles [2] - The system can achieve speeds over 149 kilometers per hour and carry payloads up to 10 lbs, making it suitable for high-intensity environments [3] Company Overview - Draganfly Inc. is recognized as a global leader in drone technology, AI, and autonomous systems, with over 25 years of experience in providing innovative solutions across multiple sectors including public safety and defense [6] - The Flex FPV system was developed in response to frontline operations in Ukraine and has undergone extensive testing with various defense partners [4] - The company is experiencing increasing demand for its North American-developed UAS platforms as organizations adapt to modern warfare challenges [5]

Core Viewpoint - A class action lawsuit has been filed against Red Cat Holdings, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from March 18, 2022, to January 15, 2025, seeking damages for misleading statements regarding the company's business and operations [1][7]. Group 1: Lawsuit Details - The class action was filed in the United States District Court for the District of New Jersey, seeking to recover damages for all persons and entities that purchased Red Cat securities during the Class Period [1]. - Investors have until July 22, 2025, to request to be appointed as Lead Plaintiff for the class [2]. Group 2: Company Operations - Red Cat, through its subsidiary Teal Drones, Inc., manufactures drones, including the "Teal 2," designed for military operations [4]. - The Salt Lake City Facility was claimed to have the capacity to produce "thousands of drones per month" or "tens of thousands of drones per year" [5]. Group 3: Contract and Financial Performance - In March 2022, Red Cat was selected by the U.S. Department of Defense to compete in the Short Range Reconnaissance Program, with the contract potentially worth hundreds of millions to over a billion dollars [6][7]. - During a conference call on July 27, 2023, it was revealed that the Salt Lake City Facility could only produce 100 drones per month, contradicting earlier claims [8]. - Following the disclosure of production capacity issues, Red Cat's stock price fell by 8.93% to close at $1.02 per share on July 28, 2023 [9]. - In Q1 2025, Red Cat reported losses per share of $0.17 and revenue of $2.8 million, missing consensus estimates [10]. - On November 19, 2024, Red Cat announced it had won the SRR Contract, with expectations of generating $50 million to $79.5 million in revenue during fiscal year 2025 [12]. Group 4: Allegations of Misleading Information - The lawsuit alleges that Red Cat's executives made materially false and misleading statements regarding the production capacity of the Salt Lake City Facility and the overall value of the SRR Contract [7]. - A report published by Kerrisdale Capital on January 16, 2025, claimed that the SRR Contract was worth only $20 million to $25 million, significantly lower than previously stated [13]. - Following the Kerrisdale Report, Red Cat's stock price fell by 21.54% to close at $8.56 per share on January 17, 2025 [14].

Core Viewpoint - Red Cat Holdings, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding production capacity and contract values [1][3]. Company Overview - Red Cat Holdings, Inc. provides products and solutions to the drone industry, including the "Teal 2" drone designed for military operations [2]. Allegations of the Lawsuit - The lawsuit alleges that Red Cat overstated the production capacity of its Salt Lake City facility and the value of its Short Range Reconnaissance Program contract [3]. - On July 27, 2023, Red Cat disclosed that its Salt Lake City facility could only produce 100 drones per month, with potential future capacity of 1,000 drones per month contingent on additional investments [4]. - Following this announcement, Red Cat's stock price fell nearly 9% [4]. Financial Performance - On September 23, 2024, Red Cat reported a loss per share of $0.17, missing consensus estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [5]. - The company admitted that retooling its Salt Lake City facility impacted Teal 2 sales, leading to a stock price drop of over 25% [5]. Additional Allegations - On January 16, 2025, a report from Kerrisdale Capital claimed that the SRR contract was smaller and less favorable than previously indicated by management, resulting in a stock price decline of over 21% [6]. Legal Process - Investors who purchased Red Cat securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7].

Core Viewpoint - A securities class action lawsuit has been filed against Red Cat Holdings, Inc. for alleged misrepresentations regarding its production capacity and contract value, leading to significant financial harm for investors [1][6]. Group 1: Class Action Details - The lawsuit is on behalf of all persons or entities who purchased Red Cat securities [1]. - The class period for the lawsuit is from March 18, 2022, to January 15, 2025, with a lead plaintiff deadline set for July 22, 2025 [6]. Group 2: Allegations and Financial Impact - Allegations include misrepresentations about the production capacity of the Salt Lake City Facility, which was revealed to only produce 100 drones per month instead of the expected 1,000 [6]. - The overall value of the SRR Contract with the U.S. Department of Defense was also misrepresented, with potential revenues claimed to be between $50 million and $79.5 million for FY2025, while estimates were later revised down to $20 million to $25 million [6]. - Significant stock price declines were noted, including an 8.93% drop to $1.02 on July 28, 2023, a 25.32% drop to $2.36 on September 25, 2024, and a 21.54% drop to $8.56 on January 17, 2025, following corrective disclosures [6]. Group 3: Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience in securities litigation, is representing the investors in this case [4]. - The firm emphasizes its commitment to justice for investors who have suffered financial harm due to misrepresented statements [4].

Group 1 - A class action has been filed on behalf of investors who purchased Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022, and January 15, 2025 [1] - The allegations include that Red Cat Holdings misled investors regarding its production capacity at the Salt Lake City Facility and overstated the value of the SRR Contract [2] - Kerrisdale Capital reported that the SRR Contract was valued between $20 million and $25 million, significantly lower than previously stated, leading to a 21.54% drop in Red Cat's stock price [3] Group 2 - Shareholders interested in serving as lead plaintiff have until July 22, 2025, to seek this status in the class action [4] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]