Palladyne Pilot AI Software Platform Enables
Third-Party Drone to Identify, Prioritize, and Autonomously Track
Terrestrial Targets
Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a
developer of artificial intelligence software for robotic and
unmanned platforms in the industrial and defense sectors, today
announced that its Palladyne™️ Pilot AI software platform has
achieved a key developmental milestone with the successful first
flight of a third-party small drone that demonstrated the ability
to identify and prioritize terrestrial targets of interest and then
interface with the drone’s autopilot software to follow the
prioritized target autonomously.
Palladyne AI had previously successfully demonstrated the
Palladyne Pilot AI platform’s ability to identify and prioritize
targets on stationary nodes and with hovering drones. Last week’s
test flight was the first to successfully integrate with
third-party autopilot software to autonomously control the drone's
navigation while identifying, prioritizing, tracking, and following
the desired target.
“Our first autonomous flight with Palladyne Pilot was able to
track and follow a target, successfully demonstrating how powerful
our AI platform can be by automating those functions where
algorithms and machines excel, while still leaving ultimate control
in the hands of humans,” said Dr. Denis Garagic, co-founder and
CTO, Palladyne AI. “Once we complete commercialization of Palladyne
Pilot -- which we expect to happen by the end of the first quarter
of 2025 -- small, economical drones will finally offer some of the
same intelligence capabilities that larger, multi-million-dollar
unmanned systems have had for years.”
About Palladyne Pilot
The Palladyne Pilot AI Software Platform for UAVs transforms
unmanned, tactical systems into highly efficient, autonomous force
multipliers capable of persistent target tracking, dynamic
collaboration, and enhanced situational awareness. With advanced
perception, learning, and autonomous capabilities designed to
reduce operational burden while dramatically improving mission
effectiveness for military and defense operations, Palladyne Pilot
stands ready to support and deliver mission effectiveness and
success.
The development and continued advancement of Palladyne Pilot is
the result of multiple contracts with the U.S. Air Force. From
inception, Pilot was designed to be a collaborative sensing
platform for small drone platforms and is one of the pillars, along
with Palladyne IQ, of Palladyne AI’s technology offerings.
About Palladyne AI Corp.
Palladyne AI Corp. (NASDAQ: PDYN) has developed an advanced
artificial intelligence (AI) and machine learning (ML) software
platform poised to revolutionize the capabilities of robots,
enabling them to observe, learn, reason, and act in a manner akin
to human intelligence. Our AI and ML software platform empowers
robots to perceive variations or changes in the real-world
environment, enabling them to autonomously maneuver and manipulate
objects accurately in response.
The Palladyne AI software solution operates on the edge and
dramatically reduces the significant effort required to program and
deploy robots enabling industrial robots and collaborative robots
(cobots) to quickly achieve autonomous capabilities even in dynamic
and or complex environments. Designed to achieve precise results
with minimal training time, limited data sets, and lower power
requirements, compared to current solutions, Palladyne AI believes
its software has wide application, including in industries such as
automotive, aviation, construction, defense, general manufacturing,
infrastructure inspection, logistics and warehousing. Its
applicability extends beyond traditional robotics to include
Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs),
and Remotely Operated Vehicles (ROVs). Palladyne AI’s approach is
expected to elevate the return on investment associated with a
diverse range of machines that are fixed, fly, float, or roll.
By enabling autonomy, reducing programming complexity, and
enhancing efficiency, we are paving the way for a future where
machines can excel in tasks that were once considered beyond their
reach.
For more information, please visit www.palladyneai.com and
connect with us on LinkedIn at
www.linkedin.com/company/palladyneaicorp.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the future development and
timing of commercialization of Palladyne Pilot, the capabilities or
future capabilities of Palladyne AI’s software platform and
products generally, the benefits of the software platform and
products and the industries that could benefit from them, the
impact of the software platform and products on robotics and the
applicability of the software platform to different kinds of
machines (such as UAVs, UGVs and ROVs and different available
industrial robots). Forward-looking statements are inherently
subject to risks, uncertainties, and assumptions. Generally,
statements that are not historical facts, including statements
concerning possible or assumed future actions, business strategies,
events, or results of operations, are forward-looking statements.
These statements may be preceded by, followed by, or include the
words “believes,” “estimates,” “expects,” “projects,” “forecasts,”
“may,” “will,” “should,” “seeks,” “plans,” “scheduled,”
“anticipates,” “intends” or “continue” or similar expressions. Such
forward-looking statements involve risks and uncertainties that may
cause actual events, results, or performance to differ materially
from those indicated by such statements. These forward-looking
statements are based on Palladyne AI’s management’s current
expectations and beliefs, as well as a number of assumptions
concerning future events. However, there can be no assurance that
the events, results, or trends identified in these forward-looking
statements will occur or be achieved. Forward-looking statements
speak only as of the date they are made, and Palladyne AI is not
under any obligation and expressly disclaims any obligation, to
update, alter or otherwise revise any forward-looking statement,
whether as a result of new information, future events, or
otherwise, except as required by law.
Readers should carefully review the statements set forth in the
reports which Palladyne AI has filed or will file from time to time
with the Securities and Exchange Commission (the “SEC”), in
particular the risks and uncertainties set forth in the sections of
those reports entitled “Risk Factors” and “Cautionary Note
Regarding Forward-Looking Statements,” for a description of risks
facing Palladyne AI and that could cause actual events, results or
performance to differ from those indicated in the forward-looking
statements contained herein. The documents filed by Palladyne AI
with the SEC may be obtained free of charge at the SEC’s website at
www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20241223928987/en/
Palladyne AI Corp PR and Investor Contacts:
Press Contact: PR@palladyneai.com
Investor Contact: IR@palladyneai.com
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