Palladyne AI Corp. Successfully Completes First Phase of Multi-Million-Dollar U.S. Air Force Contract
Palladyne AI Corp. - Common stock (PDYN)
Company Research
Source: Business Wire
Phase I completion demonstrates application of Palladyne AI software platform for use on industrial robots in unstructured environments SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN) (NASDAQ: PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that it has completed Phase I of its previously announced multi-million-dollar contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia. Phase II will continue integration and use case validation of Palladyne IQ software for use in remediation activities including media blasting for complex aircraft components. This is the second year of a contemplated four-year effort valued at $13.8 million, the result of Palladyne AI’s selection in the highly competitive Strategic Funding Increase (STRATFI) program emerging from the Air Force’s innovation incubator, AFWERX AFVentures.In Phase II of the contract, Pa
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Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- PDYN's page on the SEC website