Palladyne AI Subsidiary GuideTech Secures $2.3M Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Palladyne AI announced that its subsidiary, GuideTech, has secured a new $2.3M contract with a defense prime contractor to deploy its BRAIN flight computer and FLEX flight software framework in support of development, testing, and deployment of their low-cost kinetic counter-UAS interceptor system. "This contract reflects the commercial traction we are seeing for GuideTech's product platforms," said Ben Wolff, President and CEO of Palladyne AI. "BRAIN is a scalable platform for autonomous systems, and we continue to see customers adopt it for operational deployments. Product wins like this generate revenue today while expanding the pipeline of opportunities as customers progress toward production."
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Analyst Views on PDYN
Wall Street analysts forecast PDYN stock price to rise
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Moderate Buy
Current: 6.050
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Current: 6.050
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Averages
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About PDYN
Palladyne AI Corp. is a technology company developing and offering embodied artificial intelligence (AI) software and collaborative autonomy solutions, advanced avionics, unmanned aerial vehicles (UAVs), advanced UAV engineering services and precision-manufactured components for defense and commercial/industrial markets. Its core AI software offerings include Palladyne IQ, SwarmOS and Palladyne Pilot, consist of full-stack, closed-loop autonomy software. Its products are designed to be hardware-agnostic for a range of robotic platforms, whether third-party or its own proprietary platforms, including industrial robots, collaborative robots (cobots), UAVs, unmanned ground vehicles (UGVs), and remotely operated vehicles (ROVs) across multiple domains. The Company's software solutions are offered to industries such as manufacturing, warehousing, automotive, aviation, construction, defense, and logistics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Risk Warning: While the new contracts provide a near-term catalyst, investors should be aware of Palladyne AI's dependence on evolving Department of War priorities, which could impact execution and revenue recognition timing.
See More
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- Technology Adaptation and Domestic Manufacturing: Palladyne AI will adapt IAI's systems to U.S. operational requirements and manufacture key components and subsystems domestically, ensuring rapid response to defense needs and enhancing local manufacturing capabilities.
- Market Opportunities and Increased Investment: As the U.S. Department of War increases investments in loitering munitions, this partnership not only meets modern battlefield demands but also lays a foundation for Palladyne AI's long-term growth in the defense market, enhancing its competitive position.
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