Duke Robotics Stock Price, News & Analysis

Duke Robotics (OTCQB: DUKR) has completed the selection of drone pilots for its operations in Greece, marking a significant milestone in its European expansion strategy. The company plans to launch its Insulator Cleaning (IC) Drone services in Greece this summer, targeting the country's energy infrastructure modernization market.

This development follows the establishment of Duke Robotics Hellas I.K.E. earlier this year and aligns with Greece's infrastructure modernization initiatives, which include $32 billion in EU funding for energy-related projects and a national target to generate 82% of electricity from renewable sources by 2030. CEO Yossef Balucka emphasized that the selected drone pilots meet the company's strict requirements for technical capabilities, safety record, and regulatory compliance.

Duke Robotics (OTCQB: DUKR) has unveiled its next-generation Insulator Cleaning Drone System (ICDS2), marking a significant upgrade to its utility maintenance drone technology. The new system features substantial improvements including extended flight duration for servicing multiple high-voltage insulators per mission, increased payload capacity for carrying more cleaning agent, enhanced stability through advanced algorithms, improved communication systems for better precision, next-generation radar sensors for enhanced safety, and reinforced cleaning mechanisms with optimized water delivery systems. CEO Yossef Balucka emphasized that ICDS2 addresses key operational challenges faced by utility providers and aims to deliver improved safety benefits, operational efficiencies, and environmental advantages.

Duke Robotics (OTCQB:DUKR) has appointed Yuval Hogeg as International Business Development Director to spearhead its global expansion strategy. Hogeg brings over 20 years of experience from the Israeli Prime Minister's Office, where he managed intelligence operations and international partnerships. His extensive network spans North America, EU, GCC nations, and Africa.

The appointment aligns with Duke Robotics' plans to scale its IC Drone technology for high-voltage insulator maintenance and civilian applications. The company is also expanding its collaboration with Elbit Systems Land to market the stabilized weapons drone system technology branded as "Birds of Prey".

Duke Robotics (OTCQB: DUKR) has successfully launched its 2025 insulator cleaning operations with Israel Electric Corporation (IEC), starting at the beginning of the cleaning season in May 2025. This marks a significant improvement from 2024, when services began mid-season in August. The IC Drone system provides safer and more efficient maintenance of high-voltage infrastructure compared to traditional methods. The company expects to recognize revenue from these operations in Q2 2025, benefiting from a full-season operational timeline. CEO Yossef Balucka emphasized that this early start demonstrates operational readiness and should positively impact Q2 2025 revenue compared to the same period last year. This milestone validates Duke Robotics' transition to commercial operations and supports its global expansion strategy, including its new Greek subsidiary.

Duke Robotics Corp. (OTCQB: DUKR) is making significant progress in selecting certified drone operators in Greece, marking a important step in its European expansion strategy. This follows the establishment of Duke Robotics Hellas I.K.E and appointment of Alexandra Papaconstantinou as Managing Director.

CEO Yossef Balucka has been conducting extensive visits throughout Greece to evaluate potential drone operators, with the selection process expected to conclude soon. The evaluation focuses on technical capabilities, safety records, regulatory compliance, and growth support capacity.

The expansion aligns with Greece's significant investment in energy projects, including €32 billion in EU funding and a target to generate 82% of electricity from renewable sources by 2030, presenting opportunities for Duke Robotics' utility maintenance solutions.

Duke Robotics (OTCQB: DUKR) has announced progress in its collaboration with Elbit Systems regarding their stabilized weapons drone system technology. The system, marketed as 'Birds of Prey', incorporates Duke Robotics' TIKAD technology and enables precise remote military operations via unmanned aerial platforms without risking personnel.

Following their initial Collaboration Agreement from February 2021, the partnership has expanded to allow Duke Robotics to market the system to military, defense, homeland security, and para-military customers in coordination with Elbit. The company will receive a commission fee in the mid-single figure percentage range from resulting transactions, supplementing existing royalties from the original agreement.

Duke Robotics (OTCQB: DUKR) reported its 2024 financial results, marking a transition from development to commercialization. The company generated revenue of $108,000 in 2024, down from $300,000 in 2023, with a gross profit of $37,000 (34% margin).

Key developments include securing a service agreement with Israel Electric for IC Drone technology in August 2024 and establishing a Greek subsidiary to tap into European markets. The company reported a net loss of $985,000 ($0.02 per share) in 2024, compared to $726,000 in 2023.

Operating expenses increased with R&D investments rising to $157,000 from $3,000, while G&A expenses grew to $905,000. Cash position stood at $1.26 million as of December 31, 2024, down from $2.28 million year-over-year.

Duke Robotics (OTCQB:DUKR) has appointed Alexandra Papaconstantinou as Managing Director of Duke Robotics Greece, its wholly owned Greek subsidiary. The appointment aligns with the company's global expansion strategy, particularly focusing on the European market and Greece for scaling its IC Drone technology for high-voltage insulator maintenance.

Papaconstantinou brings significant experience in corporate management, engineering, and business development. Her background includes serving as Managing Director of an industrial engineering firm (2004-2019), acting as an agent for an Israeli engineering company in Greece since 2006, and working as General Manager of a real estate company since 2019. She holds a BSc in Business Administration from the American College of Greece and an MBA in Finance from the University of Sheffield.

Duke Robotics (OTCQB:DUKR) has established Duke Robotics Hellas, a wholly owned subsidiary in Greece, marking its first European branch. This strategic expansion aims to penetrate the Greek civilian market with the company's IC Drone technology for utility maintenance operations.

The move positions Duke Robotics to capitalize on Greece's significant infrastructure development, supported by over $32 billion in EU funding for energy-related projects. Greece's target of achieving 82% electricity generation from renewable energy by 2030 presents substantial opportunities for the company's sustainable technology solutions.

The IC Drone has already proven its effectiveness through successful deployments with the Israel Electric , offering safer and more cost-effective solutions for high-voltage insulator maintenance.