Palladyne AI Corporation (PDYN) Share Price

PDYN...................................https://stockcharts.com/h-sc/ui?s=PDYN&p=W&b=5&g=0&id=p86431144783

PDYN..........................https://stockcharts.com/h-sc/ui?s=PDYN&p=W&b=5&g=0&id=p86431144783

PDYN MONSTER MOVE COMING IN HERE

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PDYN hit $3 $2.57 + 36% SALT LAKE CITY--(BUSINESS WIRE)--Oct. 8, 2024--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, Palladyne IQ software will be used in preparation of complex, high-value aircraft components of varying types and sizes via detection, identification, and surface mapping to maintain the correct distance and angle for optimal application of surface preparation materials.

“The Palladyne AI software is a transformational technology that will benefit both commercial and Department of Defense (DoD) industrial and maintenance automation advancements,” said Mr. Shane Groves, Warner Robins Air Logistics Complex Robotics and Automation. “The software has successfully shown the ability to autonomously prepare contoured surfaces using sanding and media blasting techniques and has delivered high-value to our repair and maintenance operations in a short amount of time. I have no doubt that this critical work will deliver long-term benefits for Warner Robins Air Logistics Complex industrial automation and productivity.”

“The U.S. Air Force continues to broaden access to disruptive technologies through their support and engagement with emergent technologies and novel commercial solutions,” said Ben Wolff, President and CEO, Palladyne AI. “We look forward to this continued partnership to advance our Palladyne AI autonomy software with agility, focus, and speed to automate dull, boring, and dangerous tasks that have historically been too challenging and complex to automate.”

For more information on Palladyne AI and its artificial intelligence software for robotic platforms, please visit www.palladyneai.com.

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PDYN 10 day hourly

PDYN......................https://stockcharts.com/h-sc/ui?s=PDYN&p=W&b=5&g=0&id=p86431144783