Fort Lauderdale, Fla., June 01, 2022 (GLOBE NEWSWIRE) — UAS Drone Corp. (USDR), a leader in robotics technology and drone solutions, today announced that 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 flight, take-offs and landings.

“As we continue to evaluate other applications for our technology, including for use in the civilian market, combined with growing demand for remotely operated drone weapon systems in times of military tension and conflict, we take measures 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 enable increased operational flexibility and efficiency, and will also benefit from the proximity to Elbit Systems Land Ltd. with whom we have a global development and marketing agreement.

UAS Drone’s wholly-owned Israeli subsidiary, Duke Airborne Systems Ltd. and Elbit Systems Land Ltd., have signed a collaboration agreement in 2021 for global marketing and sales, as well as production and further product development of Duke’s Sniper Drone. UAS Drone believes that this collaboration represents an important opportunity to grow its global business and product sales.

About the UAS drone

In June 2020, UAS Drone Corp. (“USDR”) (USDR) has completed the acquisition of Duke Robotics Inc. Duke Robotics is a forward-thinking company focused on providing the products and solutions needed by the defense industry. Duke Robotics has developed TIKAD, an advanced robotic system designed to meet the growing need for technological solutions in the field of combat.

Duke Robotics’ breakthrough stabilization technology enables remote, real-time, and accurate firing of firearms and small arms via an unmanned aerial platform (UAV). Proprietary and proprietary complex kinematic algorithms address the critical need of modern warfare to deliver ranged weapons to hostile targets without risk to military personnel. We believe troops can use TIKAD to quickly and effectively handle potentially dangerous situations from the air. This technology also allows troops to potentially disarm a situation remotely, without ever deploying a ground presence. For more information about Duke Robotics, please visit www.dukeroboticsys.com or see USDR filings with the Securities and Exchange Commission at http://www.sec.gov.

Forward-looking statements

This press release contains forward-looking statements. Words such as “future” and other similar expressions or future or conditional verbs such as “will” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs as well as assumptions made by and information we currently have. For example, when discussing the potential benefits of the new Duke Robotics facility and the potential of the TIKAD system in the military or civilian market, we use forward-looking statements. Accordingly, our actual results may differ materially from those expressed or implied by such forward-looking statements due to known and unknown risks and uncertainties that exist in our operations and business environment, including, but not limited to : the successful integration of acquisitions; the continuous development of our products; the possibility for Elbit to terminate the Agreement or to cease financing certain developments of the TIKAD or the marketing, sales and production of the TIKAD, at its discretion; significant fluctuations in foreign currency exchange rates; and competition, including technological advances. For more information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor contacts:
Contact Name: Yossef Balucka, CEO
E-mail address: [email protected]

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