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Israel Electric Corporation service agreement for IC Drone operations

Date: 2024-08-01 · Type: partnership · Company: Duke Robotics

Duke Robotics disclosed that it entered a new agreement with Israel Electric Corporation in August 2024 to use the IC Drone for cleaning electric utility cable insulators.

  • Duke Robotics disclosed that it entered a new agreement with Israel Electric Corporation in August 2024 to use the IC Drone for cleaning electric utility cable insulators.
  • The company identified the agreement as the source of its initial commercial services revenue in 2024.
  • The disclosure positioned the arrangement as a commercial operating agreement following the earlier development-phase collaboration.

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