Drone sales surge for red cat holdings – suas news

Drone Gross sales Surge for Pink Cat Holdings - sUAS Information 1Rotor Riot Skyeliner Freestyle FPV Drone

Pink Cat Holdings, Inc., a Nevada company (the “Firm” or “Pink Cat”) (OTC Pink: RCAT), a supplier of merchandise and options to the drone trade, introduced in the present day that its Rotor Riot eCommerce retailer has skilled excessive progress since Pink Cat’s acquisition of Rotor Riot, LLC (“Rotor Riot”) a number of months in the past. Particularly, the Firm acknowledged a 68% income enhance on gross sales of drones and drone components in April, in comparison with March.

Rotor Riot is a hobby-based drone firm centered on gross sales of high-performance drone components and creation of authentic YouTube content material. On January 23, 2020, Rotor Riot merged with Pink Cat, a public firm investing in the way forward for drones.

Since January 2020, Rotor Riot has seen a 32% enhance in whole gross sales; a 28% enhance in on-line retailer classes; a 51% returning buyer charge; and a 70% enhance in common order worth. This underscores the worth of eCommerce, even in a tough financial local weather.

Jeff Thompson, CEO of Pink Cat mentioned: “It’s nice to see Rotor Riot proceed to develop in such a singular manner.  Since taking up their very own achievement in September, Rotor Riot has been capable of apply extra focus to its imaginative and prescient of offering full efficiency drones. This new autonomy has led to the perfect gross sales month in firm historical past. We consider the Rotor Riot and Pink Cat partnership will proceed to quickly develop.”

Because it stands, Rotor Riot and Pink Cat are engaged on a troubleshooting platform meant to assist drone pilots repair and improve the efficiency of their drones. Rotor Riot’s staff of specialists and Pink Cat’s DroneBox software program are being pooled collectively for the undertaking.

Pink Cat can also be presently engaged on a safe blockchain-centered distributed storage, analytics, and software program package deal for the service drone trade.

With the drone market poised to be among the many quickest rising tech markets, an increasing number of individuals of all ages are shopping for drones and drone equipment. Drones are rising in recognition in makes use of starting from aerial pictures to content material creation.

Rotor Riot and Pink Cat are each thrilled in regards to the spike in on-line gross sales and stay up for seeing the place 2020 takes the mixed firm. With new tasks already underway, 2020 is shaping as much as be an thrilling 12 months for each Rotor Riot and Pink Cat.

About Pink Cat Holdings, Inc.

Pink Cat is a number one supplier of safe blockchain-based distributed storage, analytics and SaaS for the drone trade. Via its progressive merchandise and management, Pink Cat supplies options for regulators to trace and assessment flight information, insurance coverage firms to insure drones, and pilots to turn into compliant with rules. Pink Cat’s success is pushed by a dedication to ship unmatched innovation that makes drones trackable and accountable, and the sky a safer place. Pink Cat is headquartered in San Juan, Puerto Rico. For extra data, go to www.redcatpropware.com.

About Rotor Riot

Rotor Riot is a hobby-based drone firm providing excessive efficiency drone components with an emphasis on creating premium YouTube content material. Rotor Riot is a completely owned subsidiary of Pink Cat, a public firm. Extra data will be discovered at https://rotorriot.com.

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