Palladyne AI Corp. Receives Additional Funding Via U.S. Air Force Contract

Financial Position: Palladyne AI Corp. reported a strong balance sheet with $57.1 million in cash and no debt, maintaining a multi-year operating runway while managing operating cash use of approximately $6.3 million.

Patent and Technology Development: The company received U.S. Patent No. 12,452,957 for its closed loop tasking and control architecture, enhancing its AI-driven autonomy platform and supporting its strategic relevance in defense applications.

Strategic Collaborations: Palladyne AI is collaborating with Draganfly to integrate its Palladyne Pilot software into UAV platforms, aiming to enhance multi-drone coordination for defense customers, and is optimistic about a potential development award from the Department of War.

Upcoming Investor Call: The company plans to host an investor call and webcast during the week of November 17 to discuss recent strategic developments and its alignment with current Department of War priorities.

Collaboration Announcement: Palladyne AI and Draganfly have announced a partnership to enhance Draganfly's UAV platforms with Palladyne's Pilot AI software, aimed at improving capabilities for government, defense, and commercial sectors.

Palladyne Pilot Features: The Pilot AI software enables intelligent swarming and collaborative operations of multiple UAVs, allowing for independent target tracking and enhanced mission capabilities such as real-time ISR and autonomous swarm operations.

Draganfly's Expertise: Draganfly has over 20 years of experience in providing professional-grade UAV systems and services, known for their modular approach that allows for mission-specific adaptations in various challenging environments.

Future Prospects: The integration of Palladyne Pilot into Draganfly systems will expand their operational capabilities, although deployment outside the U.S. will require government approvals.

Palladyne AI Demonstration: At the KUKA Connexions conference, Palladyne AI showcased its Palladyne™ IQ software, which enables KUKA robots to perform complex tasks autonomously with human-like reasoning capabilities, enhancing their efficiency in machine tending operations.

Future of Robotics: The software's edge computing features allow for quick deployment and reduced programming complexity, making it applicable across various industries, including automotive and defense, while paving the way for advanced robotic autonomy.

Funding and Milestones: Palladyne AI Corp has received additional funding from the U.S. Air Force for its Phase II contract, completing key milestones in automated sanding and media blasting using their Palladyne IQ software on robotic platforms.

Technological Advancements: The advancements in Palladyne's AI software enhance robotic capabilities for complex tasks, demonstrating significant operational value and potential applications across various industries including defense, aviation, and manufacturing.

Palladyne AI's Index Inclusion: Palladyne AI Corp. has been added to the Russell 3000 Index, effective June 30, 2025, which includes the largest U.S. stocks based on market capitalization, enhancing its visibility among institutional investors.

AI Software Capabilities: The company develops advanced AI and machine learning software for robotic platforms, enabling them to operate autonomously in various industries, including defense and manufacturing, while reducing programming complexity and training time.

Investor Conference Participation: Palladyne AI Corp will participate in the Ladenburg Thalmann Technology Innovation EXPO25 on May 21, 2025, featuring a fireside chat with CEO Ben Wolff and opportunities for one-on-one meetings.

AI Software Capabilities: The company has developed advanced AI and machine learning software that enhances robotic capabilities across various industries, enabling robots to operate autonomously with minimal programming effort and training time.