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Duke Robotics to Receive First Royalty Revenues through its Collaboration with Elbit
Globenewswireยท 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].