Reticulate Micro Awarded a Project Sanction Order with the Government of India

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Nov 29, 2023, 09:45 ET

PALM BAY, Fla., Nov. 29, 2023 /PRNewswire/ -- Reticulate Micro, Inc. ("Reticulate Micro", "Reticulate" or the "Company"), whose mission is to create and curate communications technology and systems management platforms based on proprietary VAST™ technology that addresses the issues of limited data transports, deep fakes, and network fragility, announced the Company was awarded a Project Sanction Order with the Government of India, in cooperation with our indigenous partner Sense Bird Solutions, and domestic partner Kraus Hamdani Aerospace, to support manufacturing and procuring Unmanned Aerial Platform ("UAP") vehicles for India. The award represents an initial contract value of approximately $82.5 million with the potential for follow-on agreements.

"In partnership with Kraus Hamdani Aerospace, Reticulate Micro will work with the Indian Government and Sense Bird Solutions to incorporate our technology into India's next generation, long-distance UAP program, powered by Kraus Hamdani Aerospace, K1000ULE UAS," said Joshua Cryer, Reticulate Micro President and Chief Executive Officer. "The Indian UAP program represents a tremendous opportunity for Reticulate Micro to actualize the potential of our technology as an integral part of a headline effort for one of the most advanced militaries in the world. Kraus Hamdani Aerospace will bring an unparalleled UAP capability that will evolve the Indian Army's connectivity on the battlefield to extraordinary levels of situational awareness and joint interoperability, and we are proud to partner with them in this effort."

About Kraus Hamdani Aerospace

Kraus Hamdani Aerospace ("KHA") is the world leader in ultra-long endurance Unmanned Aerial Systems ("UAS") systems. KHA's K1000ULE is the world's longest endurance fully electric zero emissions autonomous unmanned aircraft in its size and weight category. The K1000ULE provides a wide array of payload capabilities while mimicking nature by utilizing onboard Artificial Intelligence to silently glide through the air like a bird and generate clean onboard energy. KHA offerings comprise aerial based data, intelligence, and communication services to address critical customer needs within various sectors such as emergency and disaster relief, data and telecommunications, defense, agriculture, oil and gas, climate change and wildlife preservation. For more information, visit www.krausaerospace.com.

About Reticulate Micro, Inc.

Reticulate Micro, Inc. seeks to be a market-leading provider of mission-essential, highly efficient, and ultra-secure video compression and analytics technologies. Our mission is to create and curate communications technology and systems management platforms based on our proprietary VAST™ technology that addresses the issues of limited data transports, deep fakes, and network fragility. Our hardware and software solutions are cloud-connected, coupling our proprietary video encoding algorithms with edge computational density and transport ubiquity, delivering superior video clarity and low latency to support decision-making. Our unique blend of algorithmic compression, data security, and virtualized infrastructure integration delivers immutable, verifiable, and trustworthy video data for military and first responder decision-makers, judicial systems, enterprise infrastructure monitoring and control, and general security solutions.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements that are subject to various risks and uncertainties. In addition, our representatives or we may make forward-looking statements orally or in writing from time to time. We base these forward-looking statements on our expectations and projections about future events, which we derive from the available information. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts, particularly those that use terminology such as "intends," "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including our limited operating history, our ability to continue as a going concern, our ability to manage rapid growth, the potential loss of our senior officers and directors who we rely upon, our potential inability to maintain, train and build an effective sales and marketing infrastructure, our need for additional financing to accomplish our business strategy, the reception of our technology by the market, our ability to compete effectively in a very competitive environment, our ability to build brand awareness and brand loyalty, potential supply limitations, our potential inability to protect our intellectual property, the possibility that our products become obsolete, risks associated with our use of certain artificial intelligence and machine learning models, and failures, or perceived failures, to comply with privacy, data protection, and information security requirements in the variety of jurisdictions in which we operate or plan to operate. These and other factors may cause our results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release, and other statements made from time to time by our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to publicly update or revise any forward-looking statement in this release, except in accordance with applicable law.

Contact:

Brian M. Prenoveau, CFA
561 489 5315
MZ Group – MZ North America
[email protected]

SOURCE Reticulate Micro, Inc.