- Duke Robotics (OTCQB: DUKR) expects to receive first-time royalty revenues through its collaboration with Elbit Land Systems.
- The "Birds of Prey" system is designed for military applications, enhancing capabilities while reducing personnel risks.
- Despite new royalty streams, Duke Robotics forecasts its primary 2025 revenue will stem from IC Drone insulator cleaning activities.
Duke Robotics Corp. (DUKR, Financial), a leader in advanced robotics technology, announced that it anticipates receiving its initial royalty revenues from the sales of the "Birds of Prey" stabilized weapons drone system through its collaboration with Elbit Land Systems Ltd. This marks the first time Duke Robotics will earn revenues from this partnership, underlining a significant milestone since the initial collaboration agreement in February 2021.
The "Birds of Prey" system features proprietary technology allowing precise remote operations via unmanned aerial platforms, aiming to bolster military capabilities while minimizing personnel risks. This development comes as part of an extended collaboration with Elbit, allowing Duke Robotics the opportunity to market the system directly to military and security clientele.
Despite the new avenues for revenue generation, the company projects that the majority of its fiscal revenue for 2025 will continue to be driven by its IC Drone insulator cleaning services, which commenced for the 2025 season earlier in May. This strategic diversification of revenue streams emphasizes Duke Robotics' position within the defense technology sector while maintaining its longstanding service offerings.
