Duke Robotics Expands Presence with New Subsidiary in Greece

Duke Robotics Strengthens Market Position with New Greek Subsidiary

Duke Robotics Corp. (OTCQB:DUKR) has recently taken a significant step to amplify its presence in the civilian market by establishing Duke Robotics Hellas I.K.E. in Greece. This strategic move is poised to broaden the Company's operational landscape and enhance its capabilities to cater to emerging opportunities.

Focus on Advanced Drone Technology for Utility Maintenance

The newly formed subsidiary will serve as a launchpad for rolling out Duke Robotics' innovative IC Drone technology in Greece. The IC Drone is designed to provide unique solutions particularly tailored for utility maintenance tasks. This initiative aligns with Greece's commitment to sustainable development and technological advancement, highlighting the vital role of adept drone technology in infrastructure upkeep.

Capitalizing on Greece's Infrastructure Development

With over $32 billion allocated by the European Union for energy infrastructure projects, Greece is positioning itself as a pivotal player in adopting cutting-edge solutions. The country's ambitious target of achieving 82% electricity generation from renewable sources by 2030 emphasizes the need for effective and efficient technologies like those provided by Duke Robotics. The establishment of Duke Robotics Greece is set to help facilitate the utilization of these advanced technologies in support of this modernization.

CEO’s Vision for Growth

Yossef Balucka, the Chief Executive Officer of Duke Robotics, expressed enthusiasm about the new subsidiary's prospects. He stated that having a local base in Greece underscores the Company’s commitment to leveraging distinct market opportunities. This localized approach aims to foster better customer engagement and drive growth through tailored solutions, ultimately benefiting all stakeholders involved.

IC Drone: Innovation in Action

Duke Robotics' IC Drone technology has already proven its efficacy in various deployments, particularly in high-voltage insulator maintenance. These operations, carried out in collaboration with the Israel Electric Corporation, underscore the drone’s ability to safely and sustainably enhance utility management methodologies. The IC Drone is seen as a game-changer, offering a safer, cost-effective alternative to traditional approaches that typically pose higher risks.

About Duke Robotics Corp.

Known for its innovation and commitment to robotics, Duke Robotics Corp., previously UAS Drone Corp, has made significant strides in both military and civilian applications. The Company has developed advanced systems like TIKAD, which allows for precise control of remote weaponry via drone technology. This dual focus on military and civilian sectors positions Duke Robotics as a versatile and forward-thinking player in the field of automation.

Duke Robotics Ltd., the Company’s subsidiary, is well-regarded for its unique approach to utility maintenance. By continuously refining its cutting-edge technologies, the Company aims to meet the evolving demands of the market.

Stay Updated

For ongoing updates about the Company and its innovative projects, interested parties are encouraged to visit www.dukeroboticsys.com. Detailed insights and further information can also be found in filings that Duke Robotics has made with the Securities and Exchange Commission, a resource available at www.sec.gov.

Frequently Asked Questions

What is the purpose of Duke Robotics’ new subsidiary in Greece?

The new subsidiary, Duke Robotics Hellas I.K.E., aims to deploy the Company’s IC Drone technology specifically for utility maintenance and to address emerging market opportunities within Greece.

How does Duke Robotics plan to support Greece's energy goals?

By introducing its innovative technologies, particularly the IC Drone, Duke Robotics intends to enhance the efficiency of utility maintenance operations, thereby supporting Greece’s goal of generating a significant portion of its energy from renewable sources.

What recent developments have influenced this expansion into Greece?

The establishment of the subsidiary follows substantial European Union funding aimed at modernizing Greece’s energy infrastructure, positioning the country as an ideal market for advanced technological solutions.

Who is the leadership behind Duke Robotics?

The Company is led by Yossef Balucka, who has voiced a strong vision for growth and market penetration through localized operations in key markets like Greece.

How can one get additional information about Duke Robotics Corp.?

Further information can be accessed through their official website and SEC filings, providing insights into their innovative projects and business developments.

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