other material
confidence high
sentiment positive
materiality 0.60
Duke Robotics expands Elbit collaboration to market 'Birds of Prey' drone system
DUKE Robotics Corp.
- Supplement Letter executed April 2, 2025 expands 2021 Collaboration Agreement with Elbit Systems Land Ltd.
- Duke Robotics can now market the system to military, defense, homeland security, and para-military customers.
- Duke will earn a mid-single digit percentage commission on sales from its marketing, plus existing royalties.
- Elbit has been marketing and deploying the system under 'Birds of Prey' brand since the original agreement.
- Technology enables precise remote operations via an unmanned aerial platform, reducing risk to personnel.