Red Cat Propware, a provider of software and services for the drone industry, today announced its official launch and headquarters opening in Humacao, company CEO Jeff Thompson confirmed Wednesday.
In conjunction with its launch, the company is actively hiring a team of local software developers, engineers, drone pilots, drone instructors and customer support staff, which he said should add up to about 20 people over the next nine to 12 months.
Drones have already made the leap from military use to consumer use, and with the recent FAA rulings, we are seeing increased adoption of drones for commercial and civil government applications. Drones can perform many existing jobs faster, safer and at a much lower cost than humans and are becoming powerful tools for businesses.
Red Cat will utilize the open source community and the thousands of pilots to quickly bring new features to the drone market, he said. The company will not be incurring in hardware development.
“Adoption of drones for commercial and competitive racing is exploding, pushing the limits of the software and features,” said Thompson, who said establishing operations in Puerto Rico was attractive due to the aggressive tax incentives and the local pool of engineering talent.
“We see massive opportunity for innovation and growth in this space, and opening for business in Puerto Rico and leveraging the universities will position us firmly as a market leader in developing commercial drone software,” he said, adding the company has been actively scouting at the University of Puerto Rico in Mayagüez.
Red Cat Propware is benefiting from the government’s tax and business incentives through Acts 20, 22 and 73, as well as a climate conducive for year-round drone testing and racing.