Red Cat Holdings, Inc. (NASDAQ: RCAT) announced that its subsidiary Teal Drones Inc. has advanced to Gauntlet II of the Drone Dominance Program, according to a press release from the Salt Lake City-based company.

Teal is among 19 companies invited to participate in Gauntlet II, scheduled for Fort Carson, Colorado, in August 2026. The advancement follows the Phase 2 Qualifier, held at Camp Grayling, Michigan, where 49 companies competed and approximately 79 unique drones were tested across Long Range Strike and Tactical Assault in Close Quarters mission areas.

"Advancing to Gauntlet II is an honor and a meaningful validation of the work our Teal team is doing to deliver trusted, mission-ready systems for the warfighter," said Jeff Thompson, CEO of Red Cat. "The Drone Dominance Program is focused on rapidly identifying proven drone technologies that can provide a decisive advantage on the modern battlefield, and we are proud to continue competing in support of that mission."