Duke Robotics Begins Generating Revenue from its Innovative Insulator Cleaning Drone
Duke Robotics (OTCQB: DUKR) has begun generating revenue from its agreement with Israel Electric (IEC) for high-voltage insulator washing services using its IC Drone technology. The agreement guarantees a minimum payment in the low seven figures (in NIS) within the first year. This milestone marks Duke Robotics' transition from development to active service provision in the civilian sector.
The company has already started reporting revenue from this initiative in its Q3 2024 financial statements. With the IC Drone now fully operational, Duke Robotics plans to expand its offering to utility providers globally, leveraging its success with IEC.
Duke Robotics (OTCQB: DUKR) ha iniziato a generare ricavi grazie a un accordo con Israel Electric (IEC) per i servizi di lavaggio degli isolatori ad alta tensione utilizzando la tecnologia IC Drone. L'accordo garantisce un pagamento minimo nel range dei sette cifre (in NIS) entro il primo anno. Questo traguardo segna il passaggio di Duke Robotics dallo sviluppo alla fornitura attiva di servizi nel settore civile.
L'azienda ha già iniziato a riportare ricavi da questa iniziativa nei suoi bilanci finanziari del terzo trimestre del 2024. Con l'IC Drone ora completamente operativo, Duke Robotics prevede di espandere la sua offerta ai fornitori di servizi pubblici a livello globale, sfruttando il suo successo con l'IEC.
Duke Robotics (OTCQB: DUKR) ha comenzado a generar ingresos a través de su acuerdo con Israel Electric (IEC) para servicios de lavado de aisladores de alta tensión utilizando su tecnología IC Drone. El acuerdo garantiza un pago mínimo en el rango de siete cifras (en NIS) durante el primer año. Este hito marca la transición de Duke Robotics de la etapa de desarrollo a la provisión activa de servicios en el sector civil.
La empresa ya ha empezado a reportar ingresos de esta iniciativa en sus estados financieros del tercer trimestre de 2024. Con el IC Drone ahora completamente operativo, Duke Robotics planea expandir su oferta a proveedores de servicios públicos a nivel mundial, aprovechando su éxito con IEC.
Duke Robotics (OTCQB: DUKR)은 IC 드론 기술을 사용하여 고전압 절연체 세척 서비스에 대한 이스라엘 전기 (IEC)와의 계약으로 수익을 창출하기 시작했습니다. 이 계약은 첫 해에 최소 7자리 수 상당의 지불을 보장합니다 (NIS 기준). 이번 이정표는 Duke Robotics가 개발 단계에서 적극적인 서비스 제공으로 전환하는 것을 의미합니다는 민간 부문에서.
회사는 이미 2024년 3분기 재무제표에서 이 이니셔티브로부터 수익을 보고하기 시작했습니다. IC 드론이 이제 완전히 작동하게 되면서, Duke Robotics는 IEC와의 성공을 활용하여 전 세계 유틸리티 공급자들에게 서비스를 확대할 계획입니다.
Duke Robotics (OTCQB: DUKR) a commencé à générer des revenus grâce à son accord avec Israel Electric (IEC) pour des services de lavage d'isolateurs haute tension utilisant sa technologie IC Drone. L'accord garantit un paiement minimum dans la fourchette des sept chiffres (en NIS) durant la première année. Ce jalon marque la transition de Duke Robotics du développement à la fourniture active de services dans le secteur civil.
L'entreprise a déjà commencé à rapporter des revenus de cette initiative dans ses états financiers du troisième trimestre 2024. Avec l'IC Drone maintenant entièrement opérationnel, Duke Robotics prévoit d'élargir son offre aux fournisseurs de services publics dans le monde entier, tirant parti de son succès avec l'IEC.
Duke Robotics (OTCQB: DUKR) hat begonnen, Einnahmen aus seiner Vereinbarung mit Israel Electric (IEC) für Hochspannungsisolatoren-Reinigungsdienste unter Verwendung seiner IC Drone-Technologie zu generieren. Die Vereinbarung garantiert eine Mindestzahlung im niedrigen siebenstelligen Bereich (in NIS) im ersten Jahr. Dieser Meilenstein markiert den Übergang von Duke Robotics von der Entwicklung zur aktiven Dienstleistungserbringung im zivilen Sektor.
Das Unternehmen hat bereits begonnen, Einnahmen aus dieser Initiative in seinen Finanzberichten des dritten Quartals 2024 zu melden. Da die IC Drone nun voll funktionsfähig ist, plant Duke Robotics, sein Angebot weltweit an Versorgungsunternehmen auszubauen und dabei auf seinen Erfolg mit IEC aufzubauen.
- Initial revenue generation from IEC agreement with guaranteed minimum payment in low seven figures (NIS)
- Successfully transitioned from development to active service provision
- Revenue already being reported in Q3 2024 financial statements
- None.
Initial revenue generation from IEC agreement marks Duke Robotics’ transition to active service provision and paves the way for global expansion of its IC Drone technology
FORT LAUDERDALE, FL -- November 25, 2024 – Duke Robotics Corp (OTCQB: DUKR) (FKA: UAS Drone Corp, OTCQB: USDR) (“Duke Robotics” or the “Company”), a leader in advanced robotics technology and autonomous drone solutions, is pleased to announce initial revenue generation from its previously reported agreement with the Israel Electric Corporation (“IEC”) for high-voltage insulator washing services using the Company’s innovative IC Drone (the “IEC Agreement”). The IEC Agreement represents a significant milestone, transitioning Duke Robotics from development to active service and revenue generation within the civilian sector.
The IEC Agreement establishes Duke Robotics as a provider of advanced aerial cleaning solutions designed to enhance the safety, efficiency, and sustainability of utility maintenance operations. The IEC has committed to a minimum utilization of services, with a guaranteed payment in the low seven figures (in NIS) within the first year of the agreement. With the IC Drone now fully operational, Duke Robotics now aims to expand its offering to other utility providers globally, leveraging the proven success of the IC Drone with IEC.
Yossef Balucka, Chief Executive Officer of Duke Robotics, commented, “We are excited to launch our IC Drone services with the IEC. It also marks the beginning of revenue generation for Duke Robotics, as we reported in our Quarterly Financial Statements for the third quarter ending September 30, 2024. We believe that this deployment is a testament to the effectiveness and value of our drone-enabled solutions. We look forward to bringing these benefits to utility companies worldwide as we continue to grow our service offerings.”
The IEC Agreement underscores Duke Robotics’ commitment to pioneering innovative applications for drone technology in the civilian sector and advancing sustainable solutions in utility maintenance, alongside its existing military offering.
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 the global expansion of our services, the expected revenue from the IEC Agreement, its plans to offer its services to utility companies worldwide, and its future growth and commitment to pioneering innovative applications for drone technology in the civilian sector and advancing sustainable solutions in utility maintenance. 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 implementation of the IEC agreement, continued development and adoption of our products, 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.
Compay Contact:
Duke Robotics Corp
Yossef Balucka, CEO
invest@dukeroboticsys.com
Capital Markets & IR:
ARX | Capital Markets Advisors
North American Equities Desk
DUKE@arxadvisory.com
FAQ
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