• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Palladyne AI and Red Cat Announce Successful Completion of Cross-Platform Collaborative Drone Flight

    5/1/25 9:00:00 AM ET
    $PDYN
    $RCAT
    Computer Software: Prepackaged Software
    Technology
    Computer Software: Prepackaged Software
    Technology
    Get the next $PDYN alert in real time by email

    New testing milestone leverages three autonomous heterogeneous drone platforms for the first time

    Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a significant testing milestone in their ongoing collaboration—the completion of an autonomous, cross-platform collaborative flight involving three diverse heterogeneous drones.

    During this most recent testing, which leveraged Red Cat's Teal 2 and Black Widow drones and the Palladyne™ Pilot AI software, each platform operated using onboard edge computing and constrained communication protocols without reliance on centralized infrastructure to communicate. The system enabled real-time, distributed detection and tracking of multiple dynamic and static ground objects—including humans and vehicles—in different regions of interest, providing a single operator with comprehensive situational awareness. The two companies previously announced a successful two-drone flight operation in January 2025, and Palladyne AI announced a single-drone testing scenario in December 2024 to autonomously identify, prioritize, and track terrestrial targets.

    "This new testing milestone represents significant progress in our joint mission with Red Cat to enable multi-drone interoperability and autonomous collaboration for the defense sector," said Matt Vogt, Chief Revenue Officer, Palladyne AI. "We are proud to have successfully completed this three-drone flight and believe our joint, cross-platform, autonomous solution will be a game changer for U.S. military personnel and drone operators. With this major step forward, we are excited about what Palladyne Pilot will bring to our government and defense customers as well as to our target non-defense civil customer base."

    "Successfully expanding from single to three-drone operations reflects not only the reliability of our drones and Palladyne's AI software, but also the capability of onboard systems to independently handle complex missions," said Geoff Hitchcock, Chief Revenue Officer of Red Cat. "For warfighters, this provides greater situational awareness while requiring fewer operators in the field to manage multiple assets. This latest test is a meaningful step toward making multiple, collaborative autonomous systems more practical and effective in real-world defense scenarios."

    The Palladyne Pilot software is commercially available. For more information, please visit www.palladyneai.com/pilot.

    About Palladyne™ Pilot

    The Palladyne Pilot AI software platform transforms unmanned tactical systems into highly efficient autonomous force multipliers capable of persistent target tracking, dynamic collaboration, and enhanced situational awareness. With advanced perception, learning, and autonomous capabilities designed to reduce operational burden while dramatically improving mission effectiveness for military and defense operations, Palladyne Pilot stands ready to support and deliver mission effectiveness and success.

    The development and continued advancement of Palladyne Pilot is the result of multiple contracts with the U.S. Air Force. From inception, Pilot was designed to be a collaborative sensing platform for unmanned vehicles and is one of the pillars, along with Palladyne IQ, of Palladyne AI's technology offerings.

    About Red Cat

    Red Cat (NASDAQ:RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army's Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    About Palladyne AI Corp.

    Palladyne AI Corp. (NASDAQ:PDYN) has developed an advanced artificial intelligence (AI) and machine learning (ML) software platform poised to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Our AI and ML software platform empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response.

    The Palladyne AI software solution operates on the edge and dramatically reduces the significant effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to quickly achieve autonomous capabilities even in dynamic and or complex environments. Designed to achieve precise results with minimal training time, limited data sets, and lower power requirements, compared to current state-of-the-art solutions, Palladyne AI believes its software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs). Palladyne AI's approach is expected to elevate the return on investment associated with a diverse range of machines that are fixed, fly, float, or roll.

    By enabling autonomy, reducing programming complexity, and enhancing efficiency, Palladyne AI is paving the way for a future where machines can excel in tasks that were once considered beyond their reach.

    For more information, please visit www.palladyneai.com and connect with us on LinkedIn at www.linkedin.com/company/palladyneaicorp.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the capabilities or future capabilities of the Company's technology and products, including Palladyne Pilot, the benefits of Palladyne Pilot and the industries that could benefit from it, and the applicability of the software platform to different kinds of machines (such as UAVs, UGVs and ROVs). Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or "continue" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Palladyne AI's management's current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Palladyne AI is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

    Readers should carefully review the statements set forth in the reports which Palladyne AI has filed or will file from time to time with the Securities and Exchange Commission (the "SEC"), in particular the risks and uncertainties set forth in the sections of those reports entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements," for a description of risks facing Palladyne AI and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Palladyne AI with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250501127078/en/

    Palladyne AI Corp PR and Investor Contacts:



    Press Contact:

    [email protected]



    Investor Contact:

    [email protected]

    Get the next $PDYN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PDYN
    $RCAT

    CompanyDatePrice TargetRatingAnalyst
    Red Cat Holdings Inc.
    $RCAT
    3/11/2025$13.00Outperform
    Northland Capital
    Palladyne AI Corp.
    $PDYN
    1/27/2025$15.00Buy
    Alliance Global Partners
    Red Cat Holdings Inc.
    $RCAT
    6/14/2024$4.00Buy
    Ladenburg Thalmann
    More analyst ratings

    $PDYN
    $RCAT
    Leadership Updates

    Live Leadership Updates

    See more
    • Red Cat Appoints Shawn Webb as President of FlightWave Aerospace

      SANTA MONICA, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Shawn Webb as President of FlightWave Aerospace Systems Corporation ("FlightWave"), a Red Cat company, effective immediately. Webb brings more than 25 years of experience leading operational strategy and engineering across commercial and military aerospace sectors. Most recently, he served as Vice President of Operations at AeroVironment Inc., where he led the largest capacity and revenue expansion in the histo

      4/7/25 8:30:00 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer

      SALT LAKE CITY, March 12, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Christian Koji Ericson as its new Chief Financial Officer (CFO), effective March 17, 2025. Ericson brings more than 20 years of finance and accounting experience, including 11 years with PricewaterhouseCoopers (PwC) and senior finance roles at Nu Skin Enterprises, where he served as Chief Audit Executive, VP of Business Development, and VP of Finance for its agriculture technology division. Most recently, Ericson was H

      3/12/25 10:38:23 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Palladyne AI Corp. Announces Appointment of Michael Young to Board of Directors

      Former senior executive at Caterpillar and Dell brings more than 35 years of industry experience and relationships to the Palladyne AI board Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that Michael Young will join its Board of Directors effective February 24, 2025. With more than 35 years of professional experience, including more than 17 years at Caterpillar where he led Caterpillar Ventures as well as Caterpillar's mergers and acquisitions activities across Asia Pacific, Young brings extensive knowledge and industry connections to the board. Young retired f

      2/19/25 9:00:00 AM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology

    $PDYN
    $RCAT
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • PRESIDENT & CEO Wolff Benjamin G bought $10,323 worth of shares (1,775 units at $5.82), increasing direct ownership by 0.13% to 1,318,401 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      4/1/25 5:02:38 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • PRESIDENT & CEO Wolff Benjamin G bought $14,145 worth of shares (2,500 units at $5.66), increasing direct ownership by 0.19% to 1,316,626 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      3/31/25 9:00:58 AM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • PRESIDENT & CEO Wolff Benjamin G bought $17,259 worth of shares (2,923 units at $5.90), increasing direct ownership by 0.22% to 1,314,126 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      3/13/25 9:00:26 AM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology

    $PDYN
    $RCAT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Commercial Officer Martindale Kristi sold $49,047 worth of shares (6,772 units at $7.24), decreasing direct ownership by 2% to 318,307 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      5/22/25 7:53:25 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • CHIEF LEGAL OFFICER Sonne Stephen sold $24,784 worth of shares (3,422 units at $7.24), decreasing direct ownership by 2% to 192,655 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      5/22/25 7:50:10 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • CHIEF FINANCIAL OFFICER Thatcher Trevor sold $18,997 worth of shares (2,623 units at $7.24), decreasing direct ownership by 2% to 169,097 units (SEC Form 4)

      4 - Palladyne AI Corp. (0001826681) (Issuer)

      5/22/25 7:47:08 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology

    $PDYN
    $RCAT
    Financials

    Live finance-specific insights

    See more

    $PDYN
    $RCAT
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $PDYN
    $RCAT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $PDYN
    $RCAT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Red Cat Reports Financial Results for First Quarter 2025 and Provides Corporate Update

      SAN JUAN, Puerto Rico, May 14, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the first quarter ended March 31, 2025 and provides a corporate update. Recent Operational Highlights Announced the expansion of our multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat's official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for

      5/14/25 4:00:00 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat to Report Q1 2025 Earnings and Provide Corporate Update on Wednesday, May 14, 2025

      SAN JUAN, Puerto Rico, May 08, 2025 (GLOBE NEWSWIRE) -- Red Cat (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that financial results for the Q1 2025 period will be reported on Wednesday, May 14, 2025 at the market close. Company management will host an earnings conference call at 4:30p.m. ET on Wednesday, May 14, 2025 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Interested parties can listen to the conference call by dialing 1-844-413-3977 (withi

      5/8/25 8:51:22 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Holdings Reports Financial Results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and Provides Corporate Update

      SAN JUAN, Puerto Rico, March 31, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and provides a corporate update. Recent Operational Highlights: Black Widow selected as the sole winner and provider of the U.S. Army's Short Range Reconnaissance (SRR) Program of Record.Closed the acquisition of FlightWave Aerospace Systems Corporation. The acquisition officially brings the Edge 130, FlightWave's Blue UAS approved

      3/31/25 4:00:00 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Partners with ESAero to Support Manufacturing for Teal's Black Widow™

      SAN JUAN, Puerto Rico, May 27, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership with ESAero to provide critical AS9100 manufacturing capacity for the Black Widow sUAS and its subsystems. The AS9100 standard ensures a manufacturer has a quality management system in place to meet the stringent requirements of the aerospace industry. Teal Drones is a wholly owned subsidiary of Red Cat Holdings. The company's Black Widow drone is a small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missi

      5/27/25 2:30:00 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Reports Financial Results for First Quarter 2025 and Provides Corporate Update

      SAN JUAN, Puerto Rico, May 14, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the first quarter ended March 31, 2025 and provides a corporate update. Recent Operational Highlights Announced the expansion of our multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat's official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for

      5/14/25 4:00:00 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Expands Maritime Domain Capabilities with Battle-Tested Unmanned Surface Vessels

      SAN JUAN, Puerto Rico, May 14, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a leading provider of drone technology for military, government, and commercial operations, today announced the expansion of its multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat's official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for air, land, and sea operations. Meeting the Demands of Modern Conflict Red Cat's entry into the maritime domain builds on existing inroads, including a partnership with Ocean Power T

      5/14/25 6:30:00 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by Red Cat Holdings Inc.

      SC 13G/A - Red Cat Holdings, Inc. (0000748268) (Subject)

      12/6/24 4:32:04 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13D/A filed by Palladyne AI Corp.

      SC 13D/A - Palladyne AI Corp. (0001826681) (Subject)

      11/4/24 9:38:56 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by Red Cat Holdings Inc.

      SC 13G/A - Red Cat Holdings, Inc. (0000748268) (Subject)

      7/16/24 6:02:19 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Northland Capital initiated coverage on Red Cat Holdings with a new price target

      Northland Capital initiated coverage of Red Cat Holdings with a rating of Outperform and set a new price target of $13.00

      3/11/25 8:31:03 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Alliance Global Partners initiated coverage on Palladyne AI with a new price target

      Alliance Global Partners initiated coverage of Palladyne AI with a rating of Buy and set a new price target of $15.00

      1/27/25 7:47:10 AM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • Ladenburg Thalmann initiated coverage on Red Cat Holdings with a new price target

      Ladenburg Thalmann initiated coverage of Red Cat Holdings with a rating of Buy and set a new price target of $4.00

      6/14/24 7:09:11 AM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology

    $PDYN
    $RCAT
    SEC Filings

    See more
    • SEC Form SD filed by Palladyne AI Corp.

      SD - Palladyne AI Corp. (0001826681) (Filer)

      5/30/25 4:04:06 PM ET
      $PDYN
      Computer Software: Prepackaged Software
      Technology
    • Amendment: Red Cat Holdings Inc. filed SEC Form 8-K: Leadership Update

      8-K/A - Red Cat Holdings, Inc. (0000748268) (Filer)

      5/22/25 3:13:30 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology
    • Red Cat Holdings Inc. filed SEC Form 8-K: Leadership Update

      8-K - Red Cat Holdings, Inc. (0000748268) (Filer)

      5/21/25 8:37:26 PM ET
      $RCAT
      Computer Software: Prepackaged Software
      Technology