Robotics Stocks Surge. Palladyne AI up 32%; Richtech Robotics up 23%; Mobilicom Limited up 19%

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Robotics Stocks Surge. Palladyne AI up 32%; Richtech Robotics up 23%; Mobilicom Limited up 19%

Tiger Newspress01-22 23:45

Robotics stocks surged on Wednesday. Palladyne AI up 32%; Richtech Robotics up 23%; Mobilicom Limited up 19%.

Palladyne AI Corp. creates AI software designed to improve the autonomy of robotic systems.

Palladyne AI has received a contract from the Air Force Research Laboratory (AFRL) to migrate its Palladyne Pilot AI software platform to next-generation U.S.-made AI chipsets. It is a 26-month project and will start in early 2025. It aims to improve the software’s performance on a wider range of unmanned aerial vehicle platforms. The Pilot platform integrates multi-sensor fusion and real-time sensor management to improve intelligence, surveillance, and reconnaissance capabilities. The move will expand Pilot’s availability to more small drone platforms.

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