Purple Cat gives merchandise, providers and options to the drone business via its three wholly owned subsidiaries.
Purple Cat Holdings, Inc. (OTCQB: RCAT) (“Purple Cat” or the “Firm”), a number one model within the drone business, introduced that its wholly owned subsidiary, Fats Shark Holdings, has obtained discover that the US Patent Workplace has authorized its patent software overlaying the optical structure of its FPV (first particular person view) headsets. The know-how underlying this patent permits the development of a better efficiency headset at a decrease price. The Firm expects this know-how to be a core element of its increasing product line designed for the industrial deployment of drones which is anticipated to develop considerably over the following decade.
“Purple Cat is constructing a diversified portfolio of drone know-how services in an business that’s forecast to succeed in $40 billion by 2025″(Globe Newswire) acknowledged Jeffrey Thompson, Chief Government Officer. “Covid-19 has dramatically accelerated the adoption and deployment of drones throughout many industries. We imagine that sure drone services which might be launched sooner or later will incorporate our patented applied sciences, and we’re happy to additional defend our know-how portfolio.”
“We imagine that the know-how underlying this patent will allow firms to develop drone options in a more economical and faster method, and lead to a extra superior answer” acknowledged Allan Evans, President of Fats Shark Holdings. “The utility of this patent has already been demonstrated by our profitable rebuttal of a competitor’s try to launch a comparable product”
About Purple Cat
Purple Cat gives merchandise, providers and options to the drone business via its three wholly owned subsidiaries. Fats Shark Holdings is the main supplier of First Particular person View (FPV) video goggles to the drone business. Rotor Riot, LLC is a pacesetter within the sale of FPV drones and gear, primarily to the patron market via its digital storefront situated at www.rotorriot.com. Rotor Riot enjoys excessive visibility in social media via its Fb web page and its sponsorship of an expert drone racing group which has received quite a few championships. Purple Cat Propware is growing a Software program-as-a-Answer (“SaaS”) platform to offer drone flight information analytics and storage, in addition to diagnostic services.
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