Duke Robotics Provides Update on Progress with Elbit Systems Regarding “Birds of Prey” Stabilized Weapons Drone System
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) ha annunciato progressi nella sua collaborazione con Elbit Systems riguardo alla tecnologia del loro sistema di droni armati stabilizzati. Il sistema, commercializzato come 'Birds of Prey', integra la tecnologia TIKAD di Duke Robotics e consente operazioni militari remote precise tramite piattaforme aeree senza pilota, senza mettere a rischio il personale.
Dopo il loro Accordo di Collaborazione iniziale di febbraio 2021, la partnership si è ampliata per consentire a Duke Robotics di commercializzare il sistema a clienti militari, di difesa, sicurezza interna e paramilitari in coordinamento con Elbit. L'azienda riceverà una commissione nella fascia percentuale a cifra singola media dalle transazioni risultanti, integrando le royalties esistenti dall'accordo originale.
Duke Robotics (OTCQB: DUKR) ha anunciado avances en su colaboración con Elbit Systems respecto a su tecnología de sistema de drones armados estabilizados. El sistema, comercializado como 'Birds of Prey', incorpora la tecnología TIKAD de Duke Robotics y permite operaciones militares remotas precisas a través de plataformas aéreas no tripuladas sin arriesgar al personal.
Tras su Acuerdo de Colaboración inicial de febrero de 2021, la asociación se ha ampliado para permitir que Duke Robotics comercialice el sistema a clientes militares, de defensa, seguridad nacional y paramilitares en coordinación con Elbit. La empresa recibirá una comisión en el rango de porcentaje de cifra simple media de las transacciones resultantes, complementando las regalías existentes del acuerdo original.
Duke Robotics (OTCQB: DUKR)는 Elbit Systems와의 협력에서 안정화된 무장 드론 시스템 기술에 대한 진전을 발표했습니다. 'Birds of Prey'라는 이름으로 판매되는 이 시스템은 Duke Robotics의 TIKAD 기술을 통합하여 인력을 위험에 빠뜨리지 않고 무인 항공 플랫폼을 통해 정밀한 원거리 군사 작전을 가능하게 합니다.
2021년 2월의 초기 협력 계약 이후, 파트너십은 Duke Robotics가 Elbit과 협력하여 군사, 방위, 국내 보안 및 준군사 고객에게 시스템을 판매할 수 있도록 확대되었습니다. 이 회사는 결과 거래에서 중간 단일 숫자 비율의 커미션 수수료를 받게 되며, 이는 기존 계약에서 발생하는 로열티를 보완합니다.
Duke Robotics (OTCQB: DUKR) a annoncé des progrès dans sa collaboration avec Elbit Systems concernant leur technologie de système de drones armés stabilisés. Le système, commercialisé sous le nom de 'Birds of Prey', intègre la technologie TIKAD de Duke Robotics et permet des opérations militaires précises à distance via des plateformes aériennes sans pilote, sans mettre en danger le personnel.
Suite à leur Accord de Collaboration initial de février 2021, le partenariat s'est élargi pour permettre à Duke Robotics de commercialiser le système auprès de clients militaires, de défense, de sécurité intérieure et paramilitaires en coordination avec Elbit. L'entreprise recevra une commission d'un pourcentage à un chiffre moyen sur les transactions résultantes, en complément des redevances existantes de l'accord original.
Duke Robotics (OTCQB: DUKR) hat Fortschritte in seiner Zusammenarbeit mit Elbit Systems hinsichtlich ihrer stabilisierten Waffendrohnen-Systemtechnologie bekannt gegeben. Das System, das unter dem Namen 'Birds of Prey' vermarktet wird, integriert die TIKAD-Technologie von Duke Robotics und ermöglicht präzise militärische Operationen aus der Ferne über unbemannte Luftplattformen, ohne das Personal zu gefährden.
Nach ihrem ursprünglichen Kooperationsvertrag aus Februar 2021 hat sich die Partnerschaft erweitert, um Duke Robotics zu ermöglichen, das System in Abstimmung mit Elbit an militärische, verteidigungs-, innere Sicherheits- und paramilitärische Kunden zu vermarkten. Das Unternehmen wird eine Provision im mittleren einstelligen Prozentbereich aus den resultierenden Transaktionen erhalten, die die bestehenden Lizenzgebühren aus dem ursprünglichen Vertrag ergänzt.
- New revenue stream through marketing commission fees
- Expanded market access for product distribution
- Ongoing royalty payments from existing agreement
- Successful deployment of technology with customers
- Commission fees to mid-single digit percentage
- Marketing activities must be coordinated with Elbit, limiting independence
FT. LAUDERDALE, FL, April 03, 2025 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (OTCQB: DUKR) ("Duke Robotics" or the "Company"), a leader in advanced robotics technology and autonomous drone solutions, today provided an update regarding developments in its collaboration with Elbit Systems ("Elbit") relating to its stabilized weapons drone system technology and Duke Robotics’ TIKAD.
Since the Company’s original Collaboration Agreement with Elbit, announced in February 2021 (“Agreement”), Elbit has made significant progress and has been marketing and deploying the system with customers under the brand name “Birds of Prey”.
The stabilized weapons drone system features proprietary technology that enables precise remote operations via an unmanned aerial platform, designed to enhance military operational capabilities while minimizing risk to personnel with no boots on the ground.
Building on these positive developments, the companies have agreed to expand their collaboration according to the Agreement to allow Duke Robotics to market this innovative system to military, defense, home-land security and para-military customers, in coordination with Elbit. Duke Robotics will be entitled to a commission fee, in the mid-single figure percentage range, from transactions resulting from its marketing activities, in addition to the royalties it is entitled to as part of the original Agreement.
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 expanded collaboration with Elbit and the benefits we may realize as a result of the expanded Agreement. 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 our marketing activities, continued development and adoption of our products, our ability to effectively collaborate with Elbit Systems, fluctuations in foreign currency exchange rates, operational challenges associated with marketing activities in new markets, geopolitical factors that could impact defense business operations, regulatory challenges in various 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, 2024, 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
FAQ
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