MT: How do you perceive the company's positioning today? GM: Last year, Red Cat made the decision to divest ourselves of our consumer division to primarily focus on defense, government and public safety uses for our technology. Since then, we've made great strides in our efforts to Dominate the Night? by becoming the world-leading drone solution for nighttime operations. Our subsidiary Teal Drones is officially launching a new military-grade drone in Q2 2023, the Teal 2, which will boast the world's best new night-time drone camera, with next-generation thermal-imaging technology from Teledyne FLIR. We've also partnered with other industry leaders, such as Tomahawk Robotics, Reveal Technology and Athena AI, to offer additional capabilities including multi-vehicle control, 3D mapping and object detection. MT: The deployment of your Teal 2 to Ukraine is reality today. What is your understanding of the European market for your products? GM: Red Cat CEO Jeff Thompson recently visited several NATO countries as part of a delegation to discuss military drone support for Ukrainian forces. He had a number of positive conversations and expressions of interest in our Teal 2 system, which is currently available to first-adopter customers. Our highly sophisticated small unmanned vehicles are ideal for reconnaissance purposes in wartime, and last year, we shipped 15 of our legacy Golden Eagle military drones to a NATO member for deployment to Ukrainian forces. We see the European market as being very open to utilizing our technology further in the future, and we look forward to additional conversations on how we can work together.
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