other material
confidence high
sentiment positive
materiality 0.55
UAS Drone subsidiary Duke Robotics signs agreement with IEC for IC Drone insulator cleaning system
DUKE Robotics Corp.
- Subsidiary Duke Robotics signed agreement with Israel Electric Corporation (IEC) for pilot of IC Drone system.
- IC Drone is a drone-enabled system for cleaning electric utility insulators, currently in development.
- Operational launch and initial revenues expected in H2 2023.
- IC Drone is based on Duke Robotics' military-grade IP from TIKAD system.