Duke Robotics Finalizes Selection of Drone Pilots for Greek Operations, Expecting Launch of IC Drone Services in Greece already this Summer

Rhea-AI Summary

Duke Robotics (OTCQB: DUKR) has completed the selection of drone pilots for its operations in Greece, marking a significant milestone in its European expansion strategy. The company plans to launch its Insulator Cleaning (IC) Drone services in Greece this summer, targeting the country's energy infrastructure modernization market.

This development follows the establishment of Duke Robotics Hellas I.K.E. earlier this year and aligns with Greece's infrastructure modernization initiatives, which include $32 billion in EU funding for energy-related projects and a national target to generate 82% of electricity from renewable sources by 2030. CEO Yossef Balucka emphasized that the selected drone pilots meet the company's strict requirements for technical capabilities, safety record, and regulatory compliance.

The Company is Now Well Prepaired to Begin Tackling Greece's Multi-Billion Energy Infrastructure Modernization Market

FT. LAUDERDALE, FL, June 30, 2025 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (OTCQB: DUKR) ("Duke Robotics" or the "Company"), a leader in advanced robotics technology and autonomous drone solutions, today announced it has selected drone pilots  to support the deployment and operation of Duke Robotics' activities in Greece, including the innovative Insulator Cleaning Drone (“IC Drone”) technology.

Finalizing the selection process is an important milestone in Duke Robotics' European expansion strategy following the establishment of Duke Robotics Hellas I.K.E. earlier this year and the Company's previously announced evaluation process for drone operators in Greece.

This development comes at an opportune time as Greece continues its infrastructure modernization efforts, with over $32 billion in European Union funding allocated for energy-related projects¹ and a national target to generate 82% of electricity from renewable sources by 2030². Duke Robotics is expecting to commence its operations in Greece during this Summer.

"Following our thorough evaluation process announced in April, we are pleased to have selected highly qualified drone pilots that meet our stringent requirements for technical capabilities, safety record, and regulatory compliance," said Yossef Balucka, Chief Executive Officer of Duke Robotics. "This milestone represents a critical step forward in our Greek market entry strategy, enabling us to bring our revolutionary IC Drone technology to Greek utility providers while maintaining the highest standards of operational excellence."

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 drone-mounted remote robotic system that enables carry-on of weaponry, designed to meet the growing demand for tech solutions in modern warfare, and marketed under the brand name “Birds of Prey”. 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 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 our market entry strategy in Greece and the broader European market, our ability to commence commercial IC Drone operations, , the market opportunities created by Greece's infrastructure modernization, our expectation to commence operations in Greece in summer 2025. 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 market adoption of the IC Drone, the continued development and refinement of our technology, our ability to successfully execute the collaboration agreement, fluctuations in foreign currency exchange rates, operational challenges associated with entering new markets, economic conditions that may affect infrastructure investment, geopolitical factors that could impact business operations, regulatory challenges in Greece or other 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
North American Equities Desk
DUKE@arxadvisory.com

 

¹ https://www.trade.gov/country-commercial-guides/greece-infrastructure

² https://www.reuters.com/sustainability/greeces-new-climate-plan-sets-more-ambitious-renewable-energy-goals-2024-10-11

FAQ

When will Duke Robotics (DUKR) begin operations in Greece?

Duke Robotics plans to commence its operations in Greece during Summer 2025.

What is the size of the energy infrastructure market opportunity for Duke Robotics in Greece?

The market opportunity includes $32 billion in European Union funding allocated for energy-related projects in Greece.

What is Duke Robotics' (DUKR) main product offering for the Greek market?

Duke Robotics will offer its Insulator Cleaning (IC) Drone technology services to Greek utility providers.

Who will operate Duke Robotics' drones in Greece?

Duke Robotics has selected highly qualified drone pilots who meet their stringent requirements for technical capabilities, safety record, and regulatory compliance.

What is Greece's renewable energy target that Duke Robotics (DUKR) will support?

Greece has set a national target to generate 82% of electricity from renewable sources by 2030.