PROSTEP, Lattice collaborate on data conversion in shipbuilding. October 5, 2026 DARMSTADT, Germany, Oct 5, 2026 - PROSTEP is expanding into the Far East. The Darmstadt-based digital thread expert recently signed a memorandum of understanding (MoU) with Seoul-based Lattice, a company that develops AI solutions for shipbuilding and other industries, to establish a partnership. The goal of the agreement is to establish PROSTEP's OpenPDM integration technology in the South Korean shipbuilding industry and to jointly expand business in the region's shipbuilding and offshore sectors in the future. Lattice was founded in April 2023 with the business objective of developing AI-based applications for document, contract lifecycle, and knowledge management in shipbuilding and offshore industries and other sectors, based on its own software. A specialist in AI transformation (AX) and system integration (SI), Lattice has, for example, equipped one of South Korea's leading shipyards with various enterprise applications, including a shipbuilding-specific specification management system and an ontology-based knowledge management system for special-purpose ships. Lattice is a key partner for this shipyard when it comes to system integration. Lattice's customers in South Korea's shipbuilding and offshore industries are increasingly faced with the challenge of having to convert design data from international clients into formats compatible with their own CAD environments for manufacturing. In shipbuilding in particular, it is not only the 3D data that must be converted, but model structures and manufacturing-related attributes must also be transferred in a semantically correct manner. This is exactly what PROSTEP's integration technology achieves. OpenPDM SHIP not only connects heterogeneous PLM, ALM, and ERP systems but also provides, as standard, proven connectors to all common shipbuilding-specific CAD systems. Through these connectors, CAD data - including manufacturing-relevant information - can be exchanged between the connected systems without any loss of information. Automatic conversion significantly reduces the time and cost required to recreate design data for manufacturing. Against this backdrop, Lattice decided to bring PROSTEP on board as a solution and technology partner with a first proof of concept planned as the starting point of the collaboration. "PROSTEP is one of the world's leading integration specialists and has numerous references in the shipbuilding and offshore sectors in Europe, the Americas, and the Asia-Pacific region. That's what convinced us," says Sangwon Kang, CEO of Lattice. The MoU provides for a long-term collaboration between the two partners, in which PROSTEP will provide the integration technology and Lattice will act as the local implementation and service partner. "Our shared goal is to expand our business in South Korea's shipbuilding and offshore industries in the long term using our proven integration technology and to gradually introduce additional components of our PROSTEP Digital Thread Platform to the South Korean market," adds Peter Pfalzgraf, Partner Manager at PROSTEP. About PROSTEP Inc. PROSTEP Inc., the fastest growing PLM solutions, systems integration, and migration consultant in the North American region for the discrete manufacturing industry, is the wholly-owned subsidiary of leading global parent company PROSTEP AG. Located in the US automotive industry hub, Troy, MI, PROSTEP provides PLM solutions across industries including Automotive, Aerospace, Shipbuilding, and other manufacturing. About PROSTEP Group PROSTEP Group is recognized as a partner to the leading manufacturing companies worldwide. DailyCADCAM count the top companies in this industry among its customers. PROSTEP is an independent consulting and solution development company, but also supplies ready-made product solutions. Its strength lies in a combination of industry-specific expertise, process know-how and technological competence. DailyCADCAM offer its customers competent consultancy services, a comprehensive range of other services, and innovative solutions covering every aspect of product lifecycle management (PLM) and application lifecycle management (ALM). The PROSTEP Group has a current headcount of more than 300 in Germany, Poland and the USA. In addition to its headquarters in Darmstadt, PROSTEP also maintains branch offices in Berlin, Boeblingen, Hamburg, Hanover, Cologne, Munich, Wolfsburg, as well as in Wrocław (Poland), Troy, Michigan (USA) and its subsidiary BHC in Boeblingen. Invitation

Red Cat touts ukraine-tested drones, expands into autonomous boats. September 21, 2026 Key points. * Battlefield-tested drones: Red Cat says its Black Widow and next-generation Hellcat platforms incorporate lessons from Ukraine, including autonomous recovery and operations in GPS-denied, electronic-warfare environments. The company is also pursuing customers across Asia and the Indo-Pacific. * Emphasis on interoperability: CEO Jeff Thompson highlighted integration with command-and-control platforms such as Lattice and Palantir, arguing that autonomous drones and other unmanned assets must operate through a shared control layer. * Expansion into unmanned boats: Through its Blue Ops business, Red Cat is developing autonomous surface vessels for missions including surveillance, weapons deployment and counter-drone operations. The company says potential Navy interest and international demand could make USV sales an important catalyst over the next year. * Five stocks to consider instead of Red Cat. Red Cat NASDAQ: RCAT is positioning its drone and unmanned surface vessel businesses around lessons drawn from active conflict zones, with Chairman and CEO Jeff Thompson emphasizing battlefield testing, production readiness and interoperability as key differentiators. Speaking at a Piper Sandler event, Thompson said Red Cat was founded in 2016 through the consolidation of several first-person-view, or FPV, drone companies. The company later expanded into defense-oriented systems, including short-range reconnaissance drones and, more recently, unmanned surface vessels, or USVs. Thompson said the company's flagship Black Widow drone won the U.S. Army's Short Range Reconnaissance, or SRR, program following a competitive evaluation process. He said Red Cat prevailed in head-to-head testing during Project Convergence, though he did not provide financial details related to the program. Battlefield lessons shape product development. Thompson argued that formal military requirements do not always reflect the realities of modern electronic warfare. He said GPS-denied operations were not included in the original SRR requirements and that Red Cat has focused on testing its systems against electronic-warfare conditions in Ukraine. "We have a team that is sole responsible is to make sure that we never give a WarFighter a product that does not work in Ukraine," Thompson said. He described a recent frontline test in Ukraine in which a drone lost connectivity but returned autonomously after operators turned off the controller's web connection. Thompson said Red Cat's next-generation Hellcat platform is based on the Black Widow design and incorporates input from Ukrainian users. According to Thompson, the company is active in four theaters and has spent recent months engaging with potential customers and defense organizations in Korea, the Philippines, Taiwan and Japan. He said the company is seeking to apply technology developed for contested environments in Ukraine to other regions where jamming could disrupt conventional unmanned systems. Focus on integration and autonomous systems. Thompson said integration with command-and-control software and third-party systems will be crucial as autonomous platforms become more widely deployed. He said Red Cat has integrated with Lattice and Palantir and is evaluating an exercise with Palantir involving its USVs. "If your stuff does not work with everybody else's stuff, your stuff is kind of useless," Thompson said, adding that Red Cat also works with radar and interceptor-system providers. He said future force structures will require a mix of systems, including intelligence, surveillance and reconnaissance drones, FPV drones, bomber drones, logistics assets and unmanned boats. In his view, autonomous systems must be coordinated through a common control layer that provides visibility into assets and missions across a wide operational area. Thompson also discussed the Defense Department's drone-dominance initiative, saying Red Cat learned from early "Gauntlet" testing events. He said the company delivered drones early for a subsequent evaluation and worked with two kinetic-system partners. Thompson criticized competitors that, in his view, have struggled to deliver awarded drone quantities, while saying Red Cat has inventory available to fulfill orders quickly. USV business and production Expansion. Red Cat has expanded into USVs through its Blue Ops business. Thompson said the company's approach has been to begin with boat-building expertise rather than designing systems primarily around software requirements. He said Red Cat's 15-meter boat was designed to withstand capsizing and return to operation, while its 28-foot V7 platform can be configured for missions including intelligence, surveillance and reconnaissance, missiles, torpedoes and counter-drone interceptors. Thompson said the company has demonstrated its boats to the U.S. Navy and that the Navy has inspected its Valdosta production facility to evaluate whether Red Cat can meet potential production requirements. He said the company expects USV sales to become an important catalyst over the next year. The CEO said demand for smaller autonomous vessels is growing across regions, including the Middle East, South America and the Indo-Pacific. He attributed increased interest partly to events in the Black Sea and the Strait of Hormuz, which he said highlighted vulnerabilities in waterways and the potential utility of unmanned systems. Thompson said international customers increasingly are requesting localized production arrangements. Red Cat is considering models in which it could initially supply systems before working with local partners to establish in-country manufacturing. He said the company can ship components and materials for as many as 20 V7s in a single 20-foot container, with hulls produced using 3D printing in theater. About Red Cat (NASDAQ:RCAT). Red Cat Holdings, Inc is a drone technology company that develops and supplies small unmanned aircraft systems for military, government, public safety and commercial applications. Its solutions are designed to support intelligence, surveillance and reconnaissance, situational awareness, and other missions requiring portable and rapidly deployable aerial systems. Through its Teal Drones business, Red Cat offers the Teal 2 and related Black Widow systems, compact drones designed for defense and public-safety users. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Red Cat, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Cat wasn't on the list. While Red Cat currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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