Red cat holdings signs letter of intent to acquire lugus studios

Humacao, puerto rico, may 5, 2021 /prnewswire/ -- red cat holdings, inc. (nasdaq: rcat) ("red cat" or the "company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire lugus studios, the developer of liftoff, a flight simulation platform for drone pilot training. liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone.
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