Welcome to our dedicated page for Duke Robotics news (Ticker: DUKR), a resource for investors and traders seeking the latest updates and insights on Duke Robotics stock.
Duke Robotics Corp. (OTCQB: DUKR) is an aerospace and defense company that, according to its public statements, develops advanced stabilization and autonomous robotic drone systems for civilian and defense markets. News about DUKR often centers on its IC Drone insulator cleaning technology and its Bird of Prey stabilized weapons drone system, as well as regulatory milestones, collaborations, and financing activities.
Recent press releases highlight the company’s progress in commercializing the Insulator Cleaning Drone (IC Drone), a drone-enabled system for cleaning and monitoring high-voltage electric utility insulators. Updates include the establishment of Duke Robotics Hellas I.K.E. in Greece, the receipt of operational authorization from the Hellenic Civil Aviation Authority under the EU SORA framework for IC Drone operations, seasonal IC Drone service activities with the Israel Electric Corporation, and business development efforts aimed at Central Asian markets and U.S. market readiness.
On the defense side, Duke Robotics’ news flow includes developments under its collaboration with Elbit Systems Land Ltd. relating to the Bird of Prey stabilized weapons drone system. Company announcements discuss expected and confirmed royalty revenues from initial sales of Bird of Prey and media coverage of the system in reports on advanced weaponized drone capabilities.
Investors and observers following DUKR news can expect updates on topics such as regulatory authorizations for drone operations, new market entry initiatives, seasonal IC Drone service performance, royalty revenue milestones from Bird of Prey, corporate presentations, financial results, and private placement transactions. This news stream provides context on how Duke Robotics is advancing its autonomous drone technologies across utility infrastructure and defense-related applications.
Duke Robotics (OTCQB:DUKR) has appointed Yuval Hogeg as International Business Development Director to spearhead its global expansion strategy. Hogeg brings over 20 years of experience from the Israeli Prime Minister's Office, where he managed intelligence operations and international partnerships. His extensive network spans North America, EU, GCC nations, and Africa.
The appointment aligns with Duke Robotics' plans to scale its IC Drone technology for high-voltage insulator maintenance and civilian applications. The company is also expanding its collaboration with Elbit Systems Land to market the stabilized weapons drone system technology branded as "Birds of Prey".
Duke Robotics Corp. (OTCQB: DUKR) is making significant progress in selecting certified drone operators in Greece, marking a important step in its European expansion strategy. This follows the establishment of Duke Robotics Hellas I.K.E and appointment of Alexandra Papaconstantinou as Managing Director.
CEO Yossef Balucka has been conducting extensive visits throughout Greece to evaluate potential drone operators, with the selection process expected to conclude soon. The evaluation focuses on technical capabilities, safety records, regulatory compliance, and growth support capacity.
The expansion aligns with Greece's significant investment in energy projects, including €32 billion in EU funding and a target to generate 82% of electricity from renewable sources by 2030, presenting opportunities for Duke Robotics' utility maintenance solutions.
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) reported its 2024 financial results, marking a transition from development to commercialization. The company generated revenue of $108,000 in 2024, down from $300,000 in 2023, with a gross profit of $37,000 (34% margin).
Key developments include securing a service agreement with Israel Electric for IC Drone technology in August 2024 and establishing a Greek subsidiary to tap into European markets. The company reported a net loss of $985,000 ($0.02 per share) in 2024, compared to $726,000 in 2023.
Operating expenses increased with R&D investments rising to $157,000 from $3,000, while G&A expenses grew to $905,000. Cash position stood at $1.26 million as of December 31, 2024, down from $2.28 million year-over-year.
Duke Robotics (OTCQB:DUKR) has appointed Alexandra Papaconstantinou as Managing Director of Duke Robotics Greece, its wholly owned Greek subsidiary. The appointment aligns with the company's global expansion strategy, particularly focusing on the European market and Greece for scaling its IC Drone technology for high-voltage insulator maintenance.
Papaconstantinou brings significant experience in corporate management, engineering, and business development. Her background includes serving as Managing Director of an industrial engineering firm (2004-2019), acting as an agent for an Israeli engineering company in Greece since 2006, and working as General Manager of a real estate company since 2019. She holds a BSc in Business Administration from the American College of Greece and an MBA in Finance from the University of Sheffield.
Duke Robotics (OTCQB:DUKR) has established Duke Robotics Hellas, a wholly owned subsidiary in Greece, marking its first European branch. This strategic expansion aims to penetrate the Greek civilian market with the company's IC Drone technology for utility maintenance operations.
The move positions Duke Robotics to capitalize on Greece's significant infrastructure development, supported by over $32 billion in EU funding for energy-related projects. Greece's target of achieving 82% electricity generation from renewable energy by 2030 presents substantial opportunities for the company's sustainable technology solutions.
The IC Drone has already proven its effectiveness through successful deployments with the Israel Electric , offering safer and more cost-effective solutions for high-voltage insulator maintenance.
Duke Robotics (OTCQB:DUKR) has announced plans to establish a wholly owned European subsidiary to advance the global commercialization of its IC Drone technology. This expansion follows the company's initial revenue generation through a service agreement with the Israel Electric (IEC).
The IC Drone provides utility companies with a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure. The planned European subsidiary will focus on expanding this technology's reach and exploring additional applications. The company is currently in the initial phases of its global expansion strategy, aiming to extend its IC Drone service offerings to additional utility providers worldwide while developing new solutions for evolving industry needs.
Duke Robotics (OTCQB: DUKR) has begun generating revenue from its agreement with Israel Electric (IEC) for high-voltage insulator washing services using its IC Drone technology. The agreement guarantees a minimum payment in the low seven figures (in NIS) within the first year. This milestone marks Duke Robotics' transition from development to active service provision in the civilian sector.
The company has already started reporting revenue from this initiative in its Q3 2024 financial statements. With the IC Drone now fully operational, Duke Robotics plans to expand its offering to utility providers globally, leveraging its success with IEC.