Partnership Broadened to Encompass Joint Sales and Marketing Palladyne AI Congratulates Red Cat on U.S. Army's Short Range Reconnaissance Program of Record Award Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced an expanded partnership with Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat") and its Teal Drones subsidiary ("Teal"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations. The broadened relationship includes joint go-to-market activities to be coordinated between the companies. In earl
Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 2,790,700 shares of its common stock (the "shares") in a registered direct offering at a purchase price of $2.15 per share. In a concurrent private placement, the Company also agreed to issue to the same investor warrants to purchase up to 2,790,700 shares of common stock (the "common warrants"). The common warrants have an exercise price of $2.30 per share, will be exercisable commencing six mont
Phase I completion demonstrates application of Palladyne AI software platform for use on industrial robots in unstructured environments 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 con
Combined system capabilities to be featured at Association of the United States Army (AUSA) annual meeting October 14-16, 2024 Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership intended to enhance the autonomous capabilities of all Red Cat's Teal drones using Palladyne AI's Pilot software. This press release features multimedia. View the full release here: https://www.businesswir
Key Milestones for Commercialization of Artificial Intelligence Software Platform for Industrial Robots and Cobots Achieved on Schedule with Substantially Improved Financial Results Palladyne AI Corp. (NASDAQ:PDYN) ("Palladyne AI"), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced recent key business and financial achievements. Highlights Minimal viable product (MVP) version of Palladyne IQ released for customer evaluation and trials -- expect commercial launch of Palladyne IQ during the second half of 2024. Successful completion of first on-site trial of Palladyne IQ at a customer location. Revenues in
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Gainers Freight Technologies (NASDAQ:FRGT) shares increased by 56.8% to $0.98 during Thursday's regular session. The company's market cap stands at $5.0 million. Pixie Dust Technologies (NASDAQ:PXDT) shares increased by 16.86% to $2.01. The market value of their outstanding shares is at $29.8 million. BioNexus Gene Lab (NASDAQ:BGLC) stock increased by 15.04% to $0.58. The company's market cap stands at $10.1 million. Nauticus Robotics (NASDAQ:KITT) stock moved upwards by 12.17% to $0.15. The company's market cap stands at $9.6 million. Exela Technologies (NASDAQ:XELAP) shares rose 11.76% to $1.9. Palladyne AI (NASDAQ:PDYN) stock rose 11.24% to $1.88. The market value of their outstandi