Duke Robotics Corp (DUKR)

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UAS Drone’s Subsidiary, Duke Robotics, to Move its Operations to a Science & Industry Park with Adjacent Drone Testing Zone
Press Release | 06/01/2022
Fort Lauderdale, Florida, June 01, 2022 (GLOBE NEWSWIRE) -- UAS Drone Corp. (OTCQB: USDR), a leader in robotics technology and drone solutions, today announced it has signed a lease for a new facility at the recently built Mevo Carmel Science and Industry Park complex near Yokneam, Israel, which has a large adjacent area for drone flying, takeoffs and landings.

"As we continue to evaluate additional applications for our technology, including for its use in the civil market, combined with increasing demand for remote operated drone weapon systems in a time of military tension and conflicts, we are taking steps to meet these growing market needs,” said Yossef Balucka CEO of UAS Drone Corp. “The transition to our new facility in the summer of 2022 will allow for increased operational flexibility and efficiency, and also benefits from proximity to Elbit Systems Land Ltd. with which we have a global development and commercialization agreement.”

UAS Drone’s wholly-owned Israeli subsidiary, Duke Airborne Systems Ltd. and Elbit Systems Land Ltd., signed a Collaboration Agreement in 2021 for global marketing and sales, and production and further development of Duke’s Sniper Drone product. UAS Drone believes this collaboration represents a significant opportunity to expand its global business and product sales.

https://www.otcmarkets.com/stock/USDR/news/UAS-Drones-Subsidiary-Duke-Robotics-to-Move-its-Operations-to-a-Science--Industry-Park-with-Adjacent-Drone-Testing-Zone?id=359538