Duke Robotics Announces Initial Royalty Revenues from Elbit
Duke Robotics and Elbit Collaboration Yields Initial Royalties
Duke Robotics Corp. (DUKR), a pioneer in advanced robotic technology and autonomous drone solutions, has recently announced its expectation to receive its first revenues from royalties linked to sales of the "Birds of Prey" stabilized weapons drone systems. This development marks a significant milestone in the Company's ongoing collaboration with Elbit Land Systems Ltd.
Overview of the "Birds of Prey" Drone System
This sophisticated stabilized weapons drone system, marketed and deployed by Elbit under the well-known brand name "Birds of Prey," boasts proprietary technology that allows for precise remote operations through unmanned aerial platforms. The design is oriented towards enhancing military operational capabilities while reducing risk to personnel, making it invaluable in today’s fast-evolving warfare scenarios.
Significance of Initial Royalty Revenues
Yossef Balucka, the Chief Executive Officer of Duke Robotics, commented on the significance of this development, saying, "We believe that these revenues from royalties through our collaboration with Elbit, represent an important development for Duke Robotics." This collaboration not only aids in monetizing the Company’s proprietary technologies but also places them in a favorable position within the strategic global defense marketplace.
Further Collaboration Agreement Details
According to the collaboration agreement established back in February 2021, Duke Robotics is entitled to receive royalties based on sales from this drone system. The partnership has expanded as of April 2025, authorizing Duke Robotics to market this advanced drone system to various sectors including military, defense, and homeland security in coordination with Elbit.
Future Revenue Streams for Duke Robotics
While the initial royalty revenues will contribute to the Company’s financial outcomes for 2025, Duke Robotics aims to generate the majority of its revenue from its IC Drone insulator cleaning activities, which initiated for the 2025 season earlier this year. This innovation represents Duke Robotics' commitment to providing cutting-edge solutions across different sectors.
About Duke Robotics Corp.
Duke Robotics Corp., formerly recognized as UAS Drone Corp, is dedicated to developing advanced stabilization and autonomous solutions for both military and civilian applications. Through its wholly-owned subsidiary, Duke Robotics Ltd., the Company has introduced the TIKAD, an advanced drone-mounted robotic system capable of carrying weaponry. This product meets the growing demand for technological solutions in modern warfare and is marketed as part of the "Birds of Prey" lineup. Further, Duke Robotics has developed the IC Drone, a unique system designed specifically for cleaning electric utility insulators, combining advanced intellectual property with innovative robotic technologies.
Contact Information
For further inquiries about Duke Robotics Corp., please reach out to:
Yossef Balucka, CEO
Email: invest@dukeroboticsys.com
Frequently Asked Questions
What is Duke Robotics Corp.?
Duke Robotics Corp. specializes in advanced robotics technology and autonomous drone solutions.
What are the "Birds of Prey" systems?
These are advanced stabilized weapons drone systems used in military operations, developed in collaboration with Elbit.
Who is Elbit Land Systems Ltd?
Elbit is a leading defense technology company instrumental in developing advanced systems for military applications.
What other products does Duke Robotics offer?
Besides drones, they provide an IC Drone cleaning system for electric utility insulators.
How can I contact Duke Robotics for more information?
You can email them at invest@dukeroboticsys.com for inquiries.
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