Red Cat Subsidiary Teal Drones Selected For $750K Manufacturing Modernization Grant From State of Utah
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Red Cat's subsidiary, Teal Drones, has been selected for a $750K manufacturing modernization grant from the State of Utah. This grant will likely be used to enhance Teal Drones' manufacturing capabilities and expand its operations.

November 08, 2023 | 12:36 pm
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Red Cat's subsidiary, Teal Drones, has received a $750K grant from the State of Utah. This could potentially boost Red Cat's financial performance and enhance its manufacturing capabilities.
The grant received by Teal Drones, a subsidiary of Red Cat, will likely be used to modernize its manufacturing processes. This could lead to increased efficiency and production capacity, potentially boosting Red Cat's revenues and profitability in the short term. The news is highly relevant as it directly involves Red Cat's subsidiary and could have a significant impact on its financial performance.
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