Rantizo (Nasdaq: RNTZ) Advances U.S. Production of Heavy-Lift Autonomous Drones After $258.8 Million Acquisition, Targets California’s $61.2 Billion Agricultural Market
Key Highlights
- ➤California Central Valley set as Harvest 100’s U.S. launch market
- ➤Harvest 100 targets 500 acres daily with over 70% U.S. or allied parts
- ➤Rantizo completed $258.8 million drone-asset acquisition and began Nasdaq trading
- ➤FAA forecasts large U.S. drone fleet growing to 55,509 aircraft by 2030
- ➤Master spray agreements signed with Nutrien and Helena, without guaranteed acreage or revenue
Expert Statements
Marianne McInerney, President of Rantizo
“America needs American drones, and we are building them in Texas today.”
Marianne McInerney, President of Rantizo
“The acquisition and the new ticker were the starting line.”
Marianne McInerney, President of Rantizo
“Behind them is an American shop floor, an American-made heavy-lift aircraft, and master spray agreements with two of the country’s largest ag retailers.”
Marianne McInerney, President of Rantizo
“California is where the Harvest 100 launches: the most valuable farm economy in the country, served by an American drone.”
Marianne McInerney, President of Rantizo
“As foreign aircraft are priced and regulated out of this market, Rantizo intends to be the American name growers and ag retailers call first.”
California’s Central Valley to serve as U.S. launch market for the Houston-built Harvest 100, a heavy-lift agricultural drone with more than 70% U.S. or allied parts designed to cover 500 acres per day; Rantizo holds master spray agreements with Nutrien and Helena
Rantizo (Nasdaq: RNTZ) (“Rantizo” or the “Company”), the Houston-headquartered builder of American-made heavy-lift autonomous drones, today announced plans to expand its agricultural drone services into California’s Central Valley, which will serve as the U.S. launch market for the Harvest 100, the Company’s U.S.-built heavy-lift agricultural drone. The announcement comes one month after Rantizo completed its $258.8 million transaction and began trading on Nasdaq under the ticker RNTZ.
Get started
Create a free account to read the full story.