Duke Robotics Announces Plans to Launch a European Subsidiary to Advance Global Commercialization of its IC Drone
Duke Robotics (OTCQB:DUKR) has announced plans to establish a wholly owned European subsidiary to advance the global commercialization of its IC Drone technology. This expansion follows the company's initial revenue generation through a service agreement with the Israel Electric (IEC).
The IC Drone provides utility companies with a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure. The planned European subsidiary will focus on expanding this technology's reach and exploring additional applications. The company is currently in the initial phases of its global expansion strategy, aiming to extend its IC Drone service offerings to additional utility providers worldwide while developing new solutions for evolving industry needs.
Duke Robotics (OTCQB:DUKR) ha annunciato piani per stabilire una consociata interamente controllata in Europa per promuovere la commercializzazione globale della sua tecnologia IC Drone. Questa espansione segue la prima generazione di entrate dell'azienda attraverso un accordo di servizio con l'Israeli Electric (IEC).
Il IC Drone offre alle compagnie di utilities una soluzione più sicura, efficiente e sostenibile per la manutenzione delle infrastrutture elettriche ad alta tensione. La consociata europea pianificata si concentrerà sull'espansione della portata di questa tecnologia ed esplorerà applicazioni aggiuntive. L'azienda è attualmente nelle fasi iniziali della sua strategia di espansione globale, con l'obiettivo di estendere le sue offerte di servizi IC Drone a ulteriori fornitori di servizi in tutto il mondo mentre sviluppa nuove soluzioni per le esigenze in evoluzione del settore.
Duke Robotics (OTCQB:DUKR) ha anunciado planes para establecer una filial totalmente propiedad en Europa con el fin de avanzar en la comercialización global de su tecnología IC Drone. Esta expansión sigue a la generación inicial de ingresos de la empresa a través de un acuerdo de servicio con la Israel Electric (IEC).
El IC Drone proporciona a las compañías de servicios una solución más segura, eficiente y ambientalmente sostenible para el mantenimiento de la infraestructura eléctrica de alta tensión. La filial europea planeada se centrará en ampliar el alcance de esta tecnología y explorar aplicaciones adicionales. La empresa se encuentra actualmente en las fases iniciales de su estrategia de expansión global, con el objetivo de extender sus ofertas de servicios IC Drone a más proveedores de servicios en todo el mundo, al mismo tiempo que desarrolla nuevas soluciones para las necesidades en evolución del sector.
Duke Robotics (OTCQB:DUKR)는 자사의 IC Drone 기술의 글로벌 상업화를 촉진하기 위해 유럽에 완전 자회사 설립 계획을 발표했습니다. 이번 확장은 이스라엘 전기(IEC)와의 서비스 계약을 통한 초기 수익 창출 이후 이루어졌습니다.
IC Drone은 유틸리티 회사에 고전압 전기 인프라 유지 관리를 위한 더 안전하고 효율적이며 환경적으로 지속 가능한 솔루션을 제공합니다. 계획된 유럽 자회사는 이 기술의 범위를 확장하고 추가 응용 프로그램을 탐색하는 데 집중할 것입니다. 회사는 현재 글로벌 확장 전략의 초기 단계에 있으며, IC Drone 서비스 제공을 세계의 추가 유틸리티 제공업체로 확장하면서 변화하는 산업의 필요에 맞는 새로운 솔루션을 개발하는 것을 목표로 하고 있습니다.
Duke Robotics (OTCQB:DUKR) a annoncé des projets d'établissement d'une filiale entièrement détenue en Europe afin de promouvoir la commercialisation mondiale de sa technologie IC Drone. Cette expansion fait suite à la génération initiale de revenus de l'entreprise grâce à un accord de service avec l'Israeli Electric (IEC).
Le IC Drone offre aux compagnies de services une solution plus sûre, plus efficace et plus respectueuse de l'environnement pour l'entretien des infrastructures électriques haute tension. La filiale européenne prévue se concentrera sur l'élargissement de la portée de cette technologie et l'exploration d'applications supplémentaires. L'entreprise est actuellement dans les premières phases de sa stratégie d'expansion mondiale, visant à étendre ses offres de services IC Drone à d'autres fournisseurs de services dans le monde tout en développant de nouvelles solutions pour les besoins en constante évolution du secteur.
Duke Robotics (OTCQB:DUKR) hat Pläne angekündigt, eine Tochtergesellschaft in Europa zu gründen, um die globale Kommerzialisierung seiner IC Drone Technologie voranzutreiben. Diese Expansion folgt auf die erste Einnahmenzufuhr des Unternehmens durch einen Dienstleistungsvertrag mit der Israel Electric (IEC).
Die IC Drone bietet Versorgungsunternehmen eine sicherere, effizientere und umweltfreundlichere Lösung zur Wartung von Hochspannungsstromnetzen. Die geplante europäische Tochtergesellschaft wird sich darauf konzentrieren, die Reichweite dieser Technologie zu erweitern und zusätzliche Anwendungen zu erkunden. Das Unternehmen befindet sich derzeit in den Anfangsphasen seiner globalen Expansionsstrategie, mit dem Ziel, seine IC Drone-Serviceangebote auf weitere Versorgungsanbieter weltweit auszudehnen und gleichzeitig neue Lösungen für die sich entwickelnden Bedürfnisse der Branche zu entwickeln.
- Initial revenue generation achieved through service agreement with Israel Electric
- Strategic expansion into European market through new subsidiary
- Proven market validation of IC Drone technology in utility maintenance sector
- Early stage of commercialization with revenue history
- Cautious expansion approach may slow growth potential
New subsidiary aims to support international growth in the utility maintenance sector following the successful commercial launch of Duke’s IC Drone
FT. LAUDERDALE, FL / January 14, 2025 – Duke Robotics Corp. (OTCQB:DUKR) (“Duke Robotics” or the “Company”), a leader in advanced robotics technology and autonomous drone solutions, today announced its plans to establish a wholly owned European subsidiary to support its ongoing global commercialization efforts of its IC Drone. This initiative follows the Company’s initial revenue generation from its IC Drone technology through a service agreement with the Israel Electric Corporation (IEC).
The planned European subsidiary will focus on expanding Duke Robotics’ innovative IC Drone technology, which provides utility companies with a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure as well as potential other applications of the Company’s technologies and capabilities. The IC Drone’s proven success with the IEC demonstrates its significant market potential for broader deployment across additional regions and sectors.
Duke Robotics is currently in the initial phases of its global expansion strategy and remains focused on leveraging its proprietary technologies to unlock new growth opportunities in the civilian sector. The Company aims to expand its IC Drone service offerings to additional utility providers worldwide while continuing to develop new solutions to address evolving industry needs. The European subsidiary is expected to play a key role in Duke Robotics' long-term strategy, helping the Company establish partnerships and generate additional revenue streams across the region as it advances its strategic goals.
Yossef Balucka, Chief Executive Officer of Duke Robotics, commented, "Our plans to establish a European subsidiary reflect Duke Robotics' cautious yet optimistic approach to global expansion. We believe the IC Drone has significant potential to transform the utility maintenance industry, particularly in regions that prioritize infrastructure modernization and sustainability. Establishing a presence in Europe will help us better serve this growing market and further build our international footprint."
About Duke Robotics Corp.
Duke Robotics Corp. (formerly known as UAS Drone Corp) is a forward-thinking company focused on bringing advanced stabilization and autonomous solutions to both military and civilian sectors. Through its wholly owned subsidiary, Duke Robotics Ltd., the company developed TIKAD, an advanced robotic system that enables remote, real-time, and accurate firing of lightweight firearms and weaponry via an unmanned aerial platform (UAV) designed to meet the growing demand for tech solutions in modern warfare. Duke Robotics Ltd. Also developed the IC Drone, a first-of-its-kind robotic, drone-enabled system for cleaning electric utility insulators. The unique system, based on the Company's advanced intellectual property and know-how, integrates algorithms, autonomous systems, and robotic technologies used in mission-critical applications.
For more information about Duke Robotics Corp (Previously UAS Drone Corp) please visit www.dukeroboticsys.com or view documents filed with the Securities and Exchange Commission at www.sec.gov.
Forward-Looking Statements
This press release contains forward-looking statements. Words such as "future" and similar expressions, or future or conditional verbs such as "will," are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs, assumptions, and information currently available to us. For example, we are using forward-looking statements when we discuss our plans to establish a European subsidiary, our subsidiary’s anticipated role in our long-term strategy, the potential for broader deployment of the IC Drone technology, our global expansion strategy, and our belief in the IC Drone's ability to transform the utility maintenance industry and serve new markets. Our actual results may differ materially from those expressed or implied due to known or unknown risks and uncertainties. These include, but are not limited to, risks related to the successful market adoption of the IC Drone, continued development and refinement of our technology, fluctuations in foreign currency exchange rates, and competition from technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contact:
Duke Robotics Corp.
Yossef Balucka, CEO
invest@dukeroboticsys.com
Capital Markets & IR
ARX | Capital Markets Advisors
North American Equities Desk
DUKE@arxadvisory.com
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