– Duke Robotics Corp, a provider of advanced robotics technology and autonomous drone solutions, has announced initial revenue generation from its previously reported agreement with the Israel Electric Corporation for high-voltage insulator washing services using the Company’s innovative IC Drone .
The IEC Agreement represents a significant milestone, transitioning Duke Robotics from development to active service and revenue generation within the civilian sector.
The IEC Agreement establishes Duke Robotics as a provider of advanced aerial cleaning solutions designed to enhance the safety, efficiency, and sustainability of utility maintenance operations. The IEC has committed to a minimum utilization of services, with a guaranteed payment in the low seven figures (in NIS) within the first year of the agreement. With the IC Drone now fully operational, Duke Robotics now aims to expand its offering to other utility providers globally, leveraging the proven success of the IC Drone with IEC.
Yossef Balucka, Chief Executive Officer of Duke Robotics, commented,
“We are excited to launch our IC Drone services with the IEC. It also marks the beginning of revenue generation for Duke Robotics, as we reported in our Quarterly Financial Statements for the third quarter ending September 30, 2024. We believe that this deployment is a testament to the effectiveness and value of our drone-enabled solutions. We look forward to bringing these benefits to utility companies worldwide as we continue to grow our service offerings.”
The IEC Agreement underscores Duke Robotics’ commitment to pioneering innovative applications for drone technology in the civilian sector and advancing sustainable solutions in utility maintenance, alongside its existing military offering.
Source: Duke Robotics