UAS Drone Corp. Advancing Commercial Activity Following Successful Pilot Completion for IC Drone with IEC
2024年7月8日 - 6:00PM
ビジネスワイヤ(英語)
The company is working to expand its
services globally following the successful pilot with IEC which
demonstrated efficiency and safety.
UAS Drone Corp. (the “Company”) (OTCQB: USDR), a leader in
robotics technology and drone solutions, today announced that it is
advancing its commercial activity, following the successful
completion of the pilot program for its IC Drone with the Israel
Electric Corporation (IEC).
On August 15, 2022, the Company signed an agreement with the IEC
to provide drone-enabled systems for the maintenance of electric
utility cable insulators. In October 2023, the Company successfully
fulfilled its obligations under this agreement, demonstrating the
efficiency and safety of its IC Drone in real-world conditions.
Now, the Company is working to expand its services globally and
plans to offer insulation maintenance and washing services to
electrical companies worldwide, either independently or in
collaboration with strategic partners.
Yossef Balucka, Chief Executive Officer of the Company,
commented: "Our advancement towards commercial activity marks an
important milestone for the Company. As shown by the successful
completion of the pilot program with the IEC, our innovative
solutions not only enhance safety and efficiency but also promote
environmental sustainability by reducing water usage. We are
excited about the business potential embodied in our technology and
believe it will significantly benefit electrical utility companies
around the globe."
The Company’s IC Drone, first announced in August 2022, is 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. Compared to traditional methods like
tanker trucks or helicopters, the IC Drone offers increased safety,
enhanced ease and efficiency of maintenance, significant reductions
in water usage (conserving natural resources), and cost reductions
of tens of percent per insulator/electric pole.
About UAS Drone Corp.
UAS Drone Corp. (OTCQB: USDR) 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, the company developed TIKAD, an advanced
robotic system designed to meet the growing demand for tech
solutions in modern warfare. The TIKAD system enables remote,
real-time, and accurate firing of lightweight firearms and weaponry
via an unmanned aerial platform (UAV), addressing the critical need
to engage hostile targets without risking military personnel.
For more information about UAS Drone Corp. and Duke Robotics,
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 the expansion of our services globally
and our plans to offer insulation maintenance and washing services
to electrical companies worldwide, either independently or in
collaboration with strategic partners, our advancement towards
commercial activity, the business potential embodied in our
technology. Our actual results may differ materially from those
expressed or implied due to known or unknown risks and
uncertainties. Accordingly, our actual results may differ
materially from those expressed or implied in such forward-looking
statements due to known or unknown risks and uncertainties that
exist in our operations and business environment including, but not
limited to: the successful integration of acquisitions; the
continued development of our products; the ability for Elbit to
terminate the Agreement, or cease funding certain the development
the TIKAD or the marketing, sales and production of the TIKAD, at
its discretion; significant fluctuations in foreign currency
exchange rates; and competition, including 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, 2023 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240708903349/en/
Investor Contact: Yossef Balucka, CEO Email:
invest@dukeroboticsys.com