Palladyne AI Corp. is an innovative technology company that specializes in developing advanced artificial intelligence solutions aimed at enhancing operational efficiency and decision-making processes across various industries
The company focuses on creating AI-driven platforms and tools that leverage machine learning and data analytics to provide actionable insights, automate routine tasks, and optimize resource management. By combining cutting-edge technology with industry expertise, Palladyne AI Corp. helps businesses streamline their operations, improve customer experiences, and drive sustainable growth in an increasingly competitive landscape.
PALM BEACH, Fla., Jan. 24, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The drone platform services segment dominated the global drone services market share in recent years and is estimated to be the fastest growing through 2032. This is due to the growing use of drones for emergency response and public safety. Drone platform services refer to a range of software and hardware solutions that enable the safe and efficient operation of drones. Drone MRO services comprise maintenance, repair, and overhaul services for items such as wind turbine blades, solar plates, and oil & gas pipelines, especially in hard-to-reach locations. The drone MRO services segment is expected to register significant growth during the forecast period due to increasing demand for low cost and effective inspection services across various sectors. Autonomous drones are UAVs that can operate without human intervention, using advanced software, sensors, and cameras. These drones have been playing an essential role in various industries such as agriculture, construction, mining, and logistics. The introduction of artificial intelligence (AI) software improves the overall performance of unmanned aerial systems, enabling drones to recognize objects, examine information, and provide real-time analytical feedback. A report from Fortune Business Insights said that: “The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NASDAQ: PDYNNASDAQPDYN, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Ambarella, Inc. (NASDAQ: AMBAAMBA).
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Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQRCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the completion of the first successful flight in which multiple Teal drones equipped with Palladyne™ Pilot AI software autonomously collaborated to identify, prioritize, and track objects of interest on the ground. The flight demonstrates how the Palladyne Pilot AI software leverages sensor management and platform collaboration to enable a flight of two or more drones to autonomously collaborate and share multi-modal sensor information under constrained communication between drones. This follows Palladyne AI’s announcement in December 2024 that it had successfully demonstrated a single drone’s ability to interface with a small drone’s autopilot system using Palladyne Pilot to autonomously identify, prioritize, and track terrestrial targets.
The future of robotics and autonomous technology was unveiled at CES 2025, where Nvidia CEO Jensen Huang introduced ‘Cosmos,’ a groundbreaking suite of AI models designed to generate realistic simulations of the physical world, enhancing robot training for complex tasks. Nvidia Corp. (NASDAQNVDA) also introduced Project Digits, a $3,000 personal AI supercomputer capable of running … Continue reading "AI and Robotics Take Center Stage at CES 2025 with Nvidia ‘Cosmos’ AI Models"
Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced that the Company has been awarded a new contract from the Air Force Research Laboratory (AFRL) to migrate the Palladyne™ Pilot AI software platform (“Pilot”) to next-generation, U.S. made AI computing chipsets. This project will take place over a 26-month period beginning in early 2025.
PALM BEACH, Fla., Jan. 10, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a Research and Markets recent article: “Rapid advancements in drone technology are significantly contributing to the drones market growth. Innovations such as artificial intelligence (AI), machine learning (ML), and improved sensor technology have enhanced the capabilities of drones, enabling them to perform more complex tasks with greater precision and efficiency. The integration of AI and ML, for instance, allows drones to analyze data in real-time, optimize flight paths, and make autonomous decisions. Farmers and agribusinesses are leveraging drone technology for precision farming, monitoring crop health, and optimizing the use of water and fertilizers. By providing real-time data on crop conditions, drones are helping farmers increase productivity while reducing resource wastage, thus driving market demand in the agricultural sector. Furthermore, advancements in battery technology and propulsion systems have improved the endurance and range of drones, allowing them to operate for longer periods and cover greater distances. With the development of more efficient and environmentally friendly drones, market players are focusing on delivering drones with enhanced payload capacities, durability, and flight times.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NASDAQ: PDYNNASDAQPDYN, ParaZero Technologies Ltd. (NASDAQ: PRZONASDAQ), Ondas Holdings Inc. (NASDAQ: ONDSONDS).
On Thursday, U.S. stocks experienced a slight downturn as the S&P 500 and NASDAQ indices both edged lower marginally. The S&P 500 slipped by 0.04% to 6,037.59.
Palladyne AI Corp. (NASDAQPDYN) shares are trading higher on possible continued momentum Thursday. The company announced that it completed the first autonomous tracking flight using its Palladyne Pilot AI software platform on Monday.
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.
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