Welcome to our dedicated page for PALLADYNE AI news (Ticker: PDYN), a resource for investors and traders seeking the latest updates and insights on PALLADYNE AI stock.
Palladyne AI Corp (PDYN) drives innovation in autonomous robotics through advanced AI and machine learning solutions. This dedicated news hub provides investors and industry professionals with essential updates on technological breakthroughs, strategic partnerships, and corporate milestones.
Access curated press releases and verified news covering PDYN's software developments for automotive, defense, and logistics applications. Our collection focuses on earnings announcements, product innovations, and operational expansions that demonstrate the company's leadership in intelligent automation.
Discover updates about PDYN's proprietary platforms enabling environmental perception and decision-making in dynamic settings. The resource emphasizes factual reporting on licensing agreements, integration services, and R&D investments that shape the future of industrial robotics.
Bookmark this page for streamlined access to Palladyne AI's evolving role in autonomous systems. Regularly updated content ensures you stay informed about critical developments affecting robotics integration across global industries.
Palladyne AI (NASDAQ: PDYN) has announced new employee equity awards approved by its Compensation Committee. The company issued a total of 601,587 shares under its 2021 Equity Incentive Plan and 2024 Inducement Equity Incentive Plan.
The grants, dated March 10, 2025, include special inducement awards to two recent hires: one receiving options to purchase 25,000 shares and another receiving restricted stock units (RSUs) covering 14,087 shares. These inducement awards were granted under Nasdaq Listing Rule 5635(c)(4).
The vesting schedule for inducement awards includes 25% vesting after one year, with the remaining shares vesting quarterly over three years. The company implements these equity awards to align employee interests with stockholders, provide retention incentives, and reduce cash compensation expenses.
Palladyne AI (NASDAQ: PDYN) has been selected to participate in the USSOCOM TE25-2: Collaborative Autonomy Integration event from April 14-17, 2025, at Avon Park Air Force Range in Florida. The company will showcase its Palladyne Pilot AI Software Platform for UAVs at the event.
The USSOCOM Technical Experimentation program creates a collaborative environment between Special Operations Forces operators, acquisition managers, and technology developers to evaluate new technologies for SOF applications. The event focuses on technologies that enable autonomous systems to collaborate in real time using AI for tactical tasks.
The Palladyne Pilot software is designed to transform unmanned tactical systems into autonomous force multipliers, featuring capabilities such as persistent target tracking, dynamic collaboration, and enhanced situational awareness. The platform aims to reduce operational burden while improving mission effectiveness for military and defense operations.
Palladyne AI Corp (NASDAQ: PDYN) reported key achievements for 2024, highlighting strong financial position with $40.1M in cash and equivalents, plus additional $14.4M raised in early 2025. The company maintained target cash burn of $1.6-$2.0M monthly in H2 2024, expected to continue through 2025.
Key developments include: Palladyne IQ, their AI software for industrial robots, launched commercially with customer trials expected in H1 2025; Palladyne Pilot for small drones on track for Q1 2025 release, with Red Cat integration following. Revenue increased 27% YoY while operating expenses decreased 73%.
The company differentiates itself from other AI companies by focusing on 'physical world AI' rather than 'digital world AI', enabling robots to function autonomously in real-world environments without requiring constant cloud connectivity. Management expects to focus on securing customers for both products in 2025, with current funding providing minimum two-year runway.
Palladyne AI Corp. (NASDAQ: PDYN) has announced the appointment of Michael Young to its Board of Directors, effective February 24, 2025. Young brings over 35 years of professional experience, including 17 years at Caterpillar where he led Caterpillar Ventures and M&A activities in Asia Pacific. During his tenure at Caterpillar Ventures (2015-2023), he directed investments in more than 30 companies focused on energy, electrification, autonomy, robotics, and digital solutions.
Young will replace Laura J. Peterson, who will retire from her position as Executive Vice Chair. Peterson has served on the Board since September 2021 and held various executive positions including interim President and CEO. Prior to Caterpillar, Young served at Dell Computer for six years, including as CFO for the China and Hong Kong business.
Palladyne AI (NASDAQ: PDYN) and Red Cat Holdings (NASDAQ: RCAT) have achieved a significant milestone with their first successful multi-drone collaborative autonomous flight. The test demonstrated multiple Teal drones equipped with Palladyne Pilot AI software autonomously working together to identify, prioritize, and track ground targets while sharing multi-modal sensor information.
This achievement follows their December 2024 demonstration of single-drone autonomous capabilities. The technology enables drones to collaborate under constrained communication conditions, allowing a single operator to manage multiple drones with reduced cognitive load. The companies believe this capability will provide tactical advantages in military applications.
Palladyne AI expects to make the Palladyne Pilot software commercially available by the end of Q1 2025.
Palladyne AI Corp. (NASDAQ: PDYN) has secured a new contract from the Air Force Research Laboratory (AFRL) to adapt its Palladyne™ Pilot AI software platform to next-generation U.S.-made AI computing chipsets. The 26-month project will commence in early 2025.
The Pilot platform, based on the CLUTCHES framework, combines multi-sensor fusion with adaptive real-time sensor management for unmanned aerial vehicles (UAVs). It enables a network of collaborating unmanned systems and multi-modal sensors that self-orchestrate for intelligence, surveillance, and reconnaissance applications.
The software currently operates on Nvidia and Qualcomm AI chipsets, and this expansion aims to make Pilot compatible with the majority of small drone platforms. AFRL reports that initial tests show promising results in reducing operational burden while improving mission effectiveness for Air Force drone operators.
Palladyne AI (NASDAQ: PDYN) has achieved a significant milestone with its Palladyne Pilot AI software platform, successfully completing the first autonomous tracking flight using a third-party small drone. The platform demonstrated its ability to identify, prioritize, and autonomously track terrestrial targets while interfacing with the drone's autopilot software.
This advancement builds upon previous successful demonstrations of target identification and prioritization on stationary nodes and hovering drones. The company expects to complete commercialization of Palladyne Pilot by the end of Q1 2025, aiming to bring intelligence capabilities previously available only in expensive unmanned systems to more economical small drones.
Palladyne AI (NASDAQ: PDYN) announced an expanded partnership with Red Cat Holdings and its Teal Drones subsidiary, focusing on joint sales and marketing activities. The partnership involves embedding Palladyne AI's artificial intelligence software into Teal drones to enable autonomous operation and create networks of collaborating drones. The Palladyne Pilot software will be available on all Teal drones, including those to be delivered under Red Cat's recent U.S. Army's Short Range Reconnaissance Program contract, with deliveries expected to begin in 2025.
Palladyne AI Corp (NASDAQ: PDYN) has announced a $7.0 million financing through multiple offerings. The company entered into an agreement with an institutional investor for a registered direct offering of 2,790,700 shares at $2.15 per share, along with warrants to purchase an equal number of shares at $2.30 per share. In a concurrent private placement, company insiders purchased 430,105 shares at $2.20 per share with matching warrants. The warrants will be exercisable after six months and expire in 5.5 years. A.G.P./Alliance Global Partners is acting as sole placement agent, with closing expected around November 1, 2024. Proceeds will fund software product development and working capital.
Palladyne AI Corp. (NASDAQ: PDYN) has successfully completed Phase I of a multi-million-dollar contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia. The contract, valued at $13.8 million over four years, is part of the Air Force's STRATFI program through AFWERX AFVentures. Phase II will continue integrating Palladyne IQ software for remediation activities on complex aircraft components.
The software has demonstrated its ability to autonomously prepare contoured surfaces using sanding and media blasting techniques, providing high value to repair and maintenance operations. Mr. Shane Groves from Warner Robins Air Logistics Complex praised the technology as transformational for both commercial and DoD industrial automation advancements.
