Duke Robotics Evaluating Drone Operators in Preparation for Commencement of Activities in Greece
FT. LAUDERDALE, FL, April 28, 2025 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (OTCQB) ("Duke Robotics" or the "Company"), a leader in advanced robotics technology and autonomous drone solutions, today announced significant progress in its efforts to identify and select certified drone operators in Greece. This initiative represents a key advancement in the Company's European expansion strategy, following the recent establishment of Duke Robotics Hellas I.K.E ("Duke Robotics Greece") and the appointment of Alexandra Papaconstantinou as Managing Director of Duke Robotics Greece.
Yossef Balucka, Chief Executive Officer of Duke Robotics, has been conducting extensive visits throughout Greece alongside Mrs. Papaconstantinou to personally evaluate several potential drone operators. The Company is in advanced discussions with qualified candidates and expects to finalize the selection process in the very near future.
"Identifying the right drone operators is an important milestone in our Greek market entry strategy," said Yossef Balucka, Chief Executive Officer of Duke Robotics. "It is central to our operational methodology, enabling us to ensure highly professional operations. Our evaluation process has been thorough, and we're encouraged by the caliber of potential drone operators we've identified in Greece."
Duke Robotics’ evaluation process is based on the drone operators’ technical capabilities, safety record, regulatory compliance and capacity to support the Company's growth objectives in Greece.
Greece has allocated over $32 billion in European Union funding to support energy-related projects1 and aims to generate 82% of its electricity from renewable sources by 20302, which we believe creates substantial potential opportunities for innovative utility maintenance solutions such as those being developed by Duke Robotics.
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 robotic system that enables remote,
real-time, and accurate firing of lightweight firearms and weaponry via an
unmanned aerial platform (UAV) designed to meet the growing demand for tech
solutions in modern warfare.
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 (Previously UAS Drone 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 to Greece and the broader European market, our
plans to select certified drone operators, our expectation to finalize our
selection process in the very near future, our ability to deploy our IC
Drone technology to utility providers across Greece, the potential for our
IC Drone technology to offer advantages in safety, efficiency, and
environmental sustainability, our ability to establish operational
capabilities in Greece, and the market opportunities created by Greece's
investments in energy infrastructure modernization for innovative utility
maintenance solutions such as those being developed by us. 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
secure a suitable partner, 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 Advisors
North American Equities Desk
DUKE@arxadvisory
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
