Duke Robotics Announces the Formation of Greek Subsidiary to Serve as a Platform for Civilian Market Growth in Greece
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.
Duke Robotics (OTCQB:DUKR) ha istituito Duke Robotics Hellas, una filiale interamente controllata in Grecia, segnando la sua prima sede europea. Questa espansione strategica mira a penetrare il mercato civile greco con la tecnologia IC Drone dell'azienda per operazioni di manutenzione utilitaria.
Questa mossa posiziona Duke Robotics per capitalizzare sul significativo sviluppo infrastrutturale della Grecia, supportato da oltre 32 miliardi di dollari di finanziamenti dell'UE per progetti legati all'energia. L'obiettivo della Grecia di raggiungere il 82% di generazione elettrica da fonti rinnovabili entro il 2030 presenta opportunità sostanziali per le soluzioni tecnologiche sostenibili dell'azienda.
Il Drone IC ha già dimostrato la sua efficacia attraverso schieramenti di successo con l'Israel Electric, offrendo soluzioni più sicure ed economiche per la manutenzione degli isolatori ad alta tensione.
Duke Robotics (OTCQB:DUKR) ha establecido Duke Robotics Hellas, una subsidiaria de propiedad total en Grecia, marcando su primera sucursal europea. Esta expansión estratégica tiene como objetivo penetrar en el mercado civil griego con la tecnología IC Drone de la compañía para operaciones de mantenimiento de servicios públicos.
Este movimiento posiciona a Duke Robotics para capitalizar el significativo desarrollo de infraestructura en Grecia, respaldado por más de 32 mil millones de dólares en financiación de la UE para proyectos relacionados con la energía. El objetivo de Grecia de alcanzar el 82% de generación eléctrica a partir de fuentes renovables para 2030 presenta oportunidades sustanciales para las soluciones tecnológicas sostenibles de la compañía.
El Drone IC ya ha demostrado su efectividad a través de implementaciones exitosas con Israel Electric, ofreciendo soluciones más seguras y rentables para el mantenimiento de aisladores de alta tensión.
Duke Robotics (OTCQB:DUKR)는 그리스에 전액 출자한 자회사인 Duke Robotics Hellas를 설립했으며, 이는 첫 유럽 지사를 의미합니다. 이 전략적 확장은 회사의 IC 드론 기술을 통해 그리스 민간 시장에 진입하는 것을 목표로 하고 있습니다.
이번 조치는 Duke Robotics가 그리스의 중요한 인프라 개발을 활용할 수 있도록 하며, 에너지 관련 프로젝트를 위한 320억 달러 이상의 EU 자금 지원에 의해 뒷받침됩니다. 그리스의 2030년까지 재생 가능 에너지로부터 82%의 전력 생산 목표는 회사의 지속 가능한 기술 솔루션을 위한 상당한 기회를 제공합니다.
IC 드론은 이미 이스라엘 전력과의 성공적인 배치를 통해 그 효과를 입증했으며, 고전압 절연체 유지 보수를 위한 보다 안전하고 비용 효율적인 솔루션을 제공합니다.
Duke Robotics (OTCQB:DUKR) a établi Duke Robotics Hellas, une filiale entièrement détenue en Grèce, marquant ainsi sa première succursale européenne. Cette expansion stratégique vise à pénétrer le marché civil grec avec la technologie IC Drone de l'entreprise pour les opérations de maintenance utilitaire.
Ce mouvement positionne Duke Robotics pour tirer parti du développement substantiel des infrastructures en Grèce, soutenu par plus de 32 milliards de dollars de financement de l'UE pour des projets liés à l'énergie. L'objectif de la Grèce d'atteindre 82% de production électrique à partir d'énergies renouvelables d'ici 2030 présente d'importantes opportunités pour les solutions technologiques durables de l'entreprise.
Le Drone IC a déjà prouvé son efficacité grâce à des déploiements réussis avec Israel Electric, offrant des solutions plus sûres et plus rentables pour la maintenance des isolateurs haute tension.
Duke Robotics (OTCQB:DUKR) hat Duke Robotics Hellas gegründet, eine hundertprozentige Tochtergesellschaft in Griechenland, und damit seine erste europäische Niederlassung eröffnet. Diese strategische Expansion zielt darauf ab, den griechischen zivilen Markt mit der IC Drone-Technologie des Unternehmens für Wartungsarbeiten zu erschließen.
Dieser Schritt positioniert Duke Robotics, um von der erheblichen Infrastrukturentwicklung in Griechenland zu profitieren, die durch über 32 Milliarden Dollar an EU-Fördermitteln für energiebezogene Projekte unterstützt wird. Das Ziel Griechenlands, bis 2030 82% der Stromerzeugung aus erneuerbaren Energien zu erreichen, bietet erhebliche Chancen für die nachhaltigen Technologielösungen des Unternehmens.
Die IC Drone hat bereits ihre Wirksamkeit durch erfolgreiche Einsätze mit Israel Electric unter Beweis gestellt und bietet sicherere und kosteneffizientere Lösungen für die Wartung von Hochspannungsisolatoren.
- Establishment of first European subsidiary to expand market presence
- Access to $32 billion EU-funded Greek energy market
- Proven technology deployment with Israel Electric
- Strategic positioning in market targeting 82% renewable energy by 2030
- None.
Duke Robotics Hellas, Duke Robotics’ new Greek subsidiary and its first branch in Europe, aims to provide a platform for Duke Robotics to expand the market penetration of its IC Drone technology; Greece is investing significantly in infrastructure, with over
FT. LAUDERDALE, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (OTCQB:DUKR) (“Duke Robotics” or the “Company”), a leader in advanced robotics technology and autonomous drone solutions, today announced that, further to its prior announcement from January 14, 2024, the Company has established “Duke Robotics Hellas I.K.E.” (“Duke Robotics Greece”), a wholly owned subsidiary in Greece. This initiative represents a strategic step forward in the Company’s commitment to expanding its operations within the civilian sector.
Duke Robotics Greece will serve as a platform for promoting and deploying the Company’s innovative IC Drone technology, as well as other potential applications of the Company’s technologies and capabilities in the Greek market. The subsidiary will enhance the Company’s ability to address the needs of the Greek market and aims to capitalize on Greece’s dynamic infrastructure development, which prioritizes sustainable and efficient solutions for utility maintenance.
Greece has emerged as a strategic market for technology and infrastructure solutions. The country has received over
Yossef Balucka, Chief Executive Officer of Duke Robotics, commented, “The establishment of Duke Robotics Hellas underscores our dedication to broadening our global footprint. Greece presents a promising market with significant opportunities for our IC Drone technology to transform utility maintenance operations. By setting up a localized presence, we aim to better position ourselves to penetrate this growing market and create value for both our customers and stakeholders.”
The IC Drone, developed by Duke Robotics, has already demonstrated its capabilities through successful deployments with the Israel Electric Corporation, offering a safer, cost-effective, and environmentally sustainable alternative to traditional methods for high-voltage insulator maintenance.
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 Duke Robotics Hellas I.K.E. future activities, including promoting and deploying the Company’s IC Drone technology, as well as other potential applications of the Company’s technologies and capabilities in the Greek market; future opportunities for the Company’s IC Drone technology in the Greek market; creating future value for both the Company’s customers and stakeholders; and that Duke Robotics Hellas I.K.E. will further enhance the Company’s ability to address the needs of the Greek market. 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, the continued development and refinement of our technology, fluctuations in foreign currency exchange rates, operational challenges associated with entering new markets, economic conditions that may affect infrastructure investment, geopolitical factors that could impact business operations, regulatory challenges in Greece or other regions, 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, except as required by law.
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
1 https://www.trade.gov/country-commercial-guides/greece-infrastructure
2 https://www.reuters.com/sustainability/greeces-new-climate-plan-sets-more-ambitious-renewable-energy-goals-2024-10-11
FAQ
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