Israel's UAS Drone Corp, which specializes in robotics technology and drone solutions, announced last week that its wholly owned Israeli subsidiary, Duke Airborne Systems, and Elbit Systems Land signed a collaboration agreement for global marketing and sales as well as the production and further development of Duke's TIKAD system. The advanced robotic system is mounted on a drone armed with lightweight firearms.
According to the main terms of the agreement, Elbit is to invest up to $6 million in production lines and further development of TIKAD, as well as pay Duke royalties for a period of fifteen years following $50 million in cumulative revenues from TIKAD sales. Duke is to pay Elbit similar rates of royalties for revenues received by Duke from sales of its advanced robotic system for civilian use if such systems include new know-how developed by Elbit.
It should be mentioned that UAS Drone completed the acquisition of Duke Robotics in June 2020. The TIKAD system is designed to serve the growing need for tech solutions in the combat field. According the company's statement, Duke Robotics' revolutionary stabilization technology enables remote, real-time and accurate firing of lightweight firearms and weaponry via an unmanned aerial platform (UAV). The proprietary and confidential complex kinematic algorithms address the crucial need of modern warfare to carry weapon on remote to bear on remote hostile targets without risk to the military personnel, the company says.