Duke Robotics (OTC: DUKR) is a drone technology company that develops and operates unmanned aerial systems for cleaning and maintaining high-voltage electrical infrastructure. The company generates revenue through drone services and royalties, with its primary product being the IC Drone (Insulator Cleaning Drone), which replaces helicopter fleets and crane trucks in routine insulator maintenance on power grids. A second revenue stream comes from royalties on sales of the 'Bird of Prey' stabilized weapons drone system, sold through a collaboration with Elbit Systems and subject to Israeli Ministry of Defense export approvals. As of the 10-K filed March 12, 2026, the company has established Duke Greece, which received operational authorization from Greece's civil aviation regulator (HCAA) in January 2026. The company has operated at a net loss through fiscal years 2025 and 2024 and has funded operations through equity financing, debt, and technology demonstration projects. No specific revenue figures are disclosed in the available filing excerpts.

Revenue model

Service-based revenue from IC Drone insulator cleaning operations for utility providers, plus royalties from sales of the 'Bird of Prey' stabilized weapons drone system through a collaboration with Elbit Systems. Royalty revenue is contingent on Elbit obtaining and maintaining Israeli Ministry of Defense export licenses per the 10-K filed March 12, 2026.

Products and services

IC Drone (Insulator Cleaning Drone), a UAV system for cleaning high-voltage electrical insulators. ICDS2, a next-generation Insulator Cleaning Drone System launched June 10, 2025. AEROTRACE, an aerial monitoring and intelligence solution announced February 2026. AI-driven monitoring and analytics solutions for power grid inspection and predictive maintenance, in development as of the March 12, 2026 filing. 'Bird of Prey' stabilized weapons drone system, licensed to Elbit Systems for sale and export.

Customers and end markets

Electric utility companies requiring maintenance of high-voltage electrical infrastructure. The filing references the IEC (Israel Electric Corporation) as a customer demonstrating IC Drone deployment. Duke Greece targets utility providers in the Greek market following HCAA authorization received January 2026.

Value-chain role

Technology developer, manufacturer, and service operator. Designs and operates drone systems for utility maintenance; also licenses stabilized drone technology to Elbit Systems for defense applications.

Geographic exposure

Israel (primary operating base, collaboration with IEC and Elbit Systems). Greece (Duke Greece subsidiary established February 2025, received HCAA operational authorization January 2026 per the 10-K filed March 12, 2026). Stated aim to expand to additional regions worldwide.

Source: SEC 10-K, filed 2026-03-12

Industry: Aircraft