DUKE Robotics Corp. (NASDAQ: DUKRW)

DUKE Robotics Corp. is a robotics company specializing in advanced robotic and drone-based systems for military defense and civilian infrastructure applications. The company’s core technologies include a robotic stabilization system enabling precise remote firing of small arms and light weapons from aerial platforms, and drone-based solutions for cleaning high-voltage electric utility insulators. These capabilities are designed to enhance safety, precision, and operational efficiency in both defense and critical infrastructure maintenance sectors.

DUKE Robotics Corp. generates revenue through the commercialization of its stabilized weapons drone systems and civilian drone-based infrastructure solutions. Revenue streams include royalties and commissions from the collaboration with Elbit Systems for the global marketing and sales of the "Birds of Prey" stabilized weapons drone system, as well as service agreements and product sales for the Insulator Cleaning Drone (IC Drone) and its next-generation ICDS2 variant. The company also generates income from the AEROTRACE™ aerial monitoring and intelligence solution, which supports infrastructure assessment and situational awareness for utility providers.

The company operates through the following segments: Defense and Stabilized Weapons Systems, and Civilian Infrastructure Solutions.

• The Defense and Stabilized Weapons Systems segment focuses on the development and commercialization of robotic systems that enable remote, real-time, pinpoint-accurate firing of small arms and light weapons from unmanned aerial systems and other platforms. This includes the TIKAD system marketed under the "Birds of Prey" brand through a strategic collaboration with Elbit Systems, which handles global marketing, sales, production, and further development while DUKE Robotics Corp. receives royalties and commissions from sales.

• The Civilian Infrastructure Solutions segment centers on drone-enabled maintenance of critical infrastructure, particularly the Insulator Cleaning Drone (IC Drone) and its successor ICDS2, designed for cleaning high-voltage electric utility insulators. This segment also includes the AEROTRACE™ aerial monitoring and intelligence solution, which integrates aerial data capture with AI-assisted analytics to support asset condition assessment and predictive maintenance for power grids and other infrastructure assets.

DUKE Robotics Corp. operates in niche markets where it holds a competitive advantage through proprietary stabilization technology and specialized drone applications. In the defense sector, its collaboration with Elbit Systems provides access to established global distribution channels and credibility, positioning the company as a contributor to advanced weaponized drone systems used by military forces such as the Israel Defense Forces. In the civilian infrastructure market, the IC Drone differentiates itself by offering a safer, more efficient, and environmentally sustainable alternative to traditional helicopter and crane-based insulator cleaning methods, addressing a clear need in high-voltage utility maintenance.

The company serves specific customer bases in both its defense and civilian markets. In the defense sector, DUKE Robotics Corp. benefits from Elbit Systems’ sales to military, defense, homeland security, and para-military customers, including the Israel Defense Forces and NATO-aligned forces. In the civilian sector, the company has entered into commercial agreements with the Israel Electric Corporation (IEC) for insulator cleaning services, with the IEC committing to minimum utilization levels and extending agreements based on performance, and has established operational authorization in Greece through its subsidiary Duke Greece to expand IC Drone services in the European market.