 HUMACAO, Puerto Rico, May 5, 2021 PRNewswire -- Red Cat Holdings, Inc. NASDAQ: RCAT Red Cat or the Company, a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone. 