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Red Cat Holdings, Safe Pro Group Announce AI-Powered Drone Integration

Red Cat Holdings Inc. (NASDAQ:RCAT) is one of the best growth stocks under $30 to buy. On September 15, Red Cat Holdings announced a collaboration with Safe Pro Group Inc. (NASDAQ:SPAI). The partnership is focused on embedding Safe Pro’s patented AI-powered image analysis directly into Red Cat’s Black Widow drone platform. The objective is to enable US and allied ground personnel to rapidly and in real-time identify and locate over 150 types of explosive threats, including landmines, cluster munitions, and unexploded ordnance/UXO.

The integration will allow Safe Pro’s Object Threat Detection/SPOTD system to process real-time 4k video onboard the Black Widow drone at the tactical edge. The live threat data will be delivered directly to military situational awareness platforms, such as the US Army’s Tactical Assault Kit/ATAK software ecosystem, accelerating critical decision-making.

Furthermore, the Black Widow will integrate with Safe Pro’s new SPOTD Navigation, Observation and Detection Engine/NODE, an edge-based solution designed to process, map, and share mission-critical information. This NODE kit enables end users to collect visual data, receive threat alerts, and create 2D and 3D interactive maps, providing enhanced situational awareness even in connectivity-denied environments.

Red Cat Holdings Inc. (NASDAQ:RCAT) provides products, services, and solutions to the drone industry in the US. It integrates robotic hardware and software solutions for military, government, and commercial operations.

Safe Pro Group Inc. (NASDAQ:SPAI) provides security and protection products in the US, Europe, Asia, and the Pacific.

While we acknowledge the potential of RCAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RCAT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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