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Duke Robotics to Receive First Royalty Revenues through its Collaboration with Elbit
Globenewswire· 2025-07-09 12:30
Core Viewpoint - Duke Robotics Corp. anticipates receiving initial revenues from royalties through its collaboration with Elbit Land Systems for the "Birds of Prey" stabilized weapons drone system, marking a significant milestone in its revenue generation strategy [1][3]. Group 1: Collaboration and Revenue Generation - The collaboration with Elbit allows Duke Robotics to receive royalties from the sales of the "Birds of Prey" drone system, which is designed to enhance military operational capabilities while minimizing personnel risk [2][3]. - The Company expects that these royalties will contribute to its revenue for the fiscal year ending December 31, 2025, although the majority of revenue is still anticipated to come from its IC Drone insulator cleaning activities [4]. Group 2: Technology and Product Offerings - The "Birds of Prey" system features proprietary technology enabling precise remote operations via an unmanned aerial platform, aimed at modern warfare applications [2]. - Duke Robotics has developed TIKAD, a drone-mounted remote robotic system for carrying weaponry, and the IC Drone, a robotic system for cleaning electric utility insulators, showcasing its focus on advanced stabilization and autonomous solutions [5]. Group 3: Strategic Importance - The CEO of Duke Robotics emphasized that the revenue from royalties represents an important advancement in the Company's strategy to monetize its proprietary technologies across military and civilian applications, especially as Israeli defense technologies gain global strategic importance [3].
Duke Robotics Unveils Next-Generation IC Drone System - The ICDS2
Globenewswire· 2025-06-10 12:30
Core Viewpoint - Duke Robotics Corp. has launched its next-generation Insulator Cleaning Drone System (ICDS2), which represents a significant technological advancement in utility maintenance drone solutions [1][4]. Group 1: Technological Advancements - The ICDS2 builds upon the proven IC Drone technology with substantial performance improvements aimed at enhancing operational capabilities for utility providers globally [2]. - Key features of the ICDS2 include extended flight time, increased maximum takeoff weight (MTOW), enhanced stability, advanced radar systems, and superior cleaning durability [5]. Group 2: Operational Benefits - The extended flight duration allows for more efficient servicing of multiple high-voltage insulators in each mission, improving operational efficiency [5]. - The increased payload capacity enables the system to carry more cleaning agents, resulting in longer refill intervals and enhanced operational efficiency [5]. - Advanced stabilization algorithms and improved communication systems provide superior precision during cleaning operations, allowing for effective operations in challenging weather conditions [5]. - Next-generation sensors enhance detection capabilities, improving safety and enabling operations in complex environments [5]. - Reinforced cleaning mechanisms and optimized water delivery systems increase cleaning effectiveness while reducing maintenance requirements [5]. Group 3: Company Background - Duke Robotics Corp. focuses on advanced stabilization and autonomous solutions for both military and civilian sectors, with a history of developing innovative technologies such as the TIKAD robotic system and the IC Drone [6].
Duke Robotics Announces Commencement of 2025 Insulator Cleaning Activity with Israel Electric Corporation
Globenewswire· 2025-05-12 12:30
Core Insights - Duke Robotics Corp. has successfully launched its IC Drone services at the beginning of the 2025 insulator cleaning season, expecting increased revenues from these operations compared to the previous year [1][2][3] Group 1: Operational Highlights - The IC Drone system has been deployed at the start of the insulator cleaning season in May 2025, allowing the company to capitalize on the entire season rather than a mid-season start as in 2024 [1][2] - The company anticipates recognizing revenue from the IC Drone services in the second quarter of 2025, contrasting with 2024 when no revenue was generated due to the late start [2][3] Group 2: Technology and Market Position - The IC Drone offers a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure compared to traditional methods, highlighting its operational reliability and market demand [3][4] - The successful deployment of the IC Drone marks a significant transition for Duke Robotics from development to active commercial operations, supporting its global expansion strategy [4] Group 3: Company Background - Duke Robotics Corp. focuses on advanced robotics technology and autonomous drone solutions, with a product portfolio that includes the IC Drone for cleaning electric utility insulators and TIKAD for military applications [4]