Palladyne AI Corp (PDYN) Partners with Draganfly to Enhance Drone Capabilities

Palladyne AI Corp (NASDAQ:PDYN) is one of the best AI stocks to buy under $20. On October 21, the company announced it is partnering with Draganfly, a leading developer of drone solutions and systems.

Palladyne AI Corp (PDYN) Partners with Draganfly to Enhance Drone Capabilities

The two are joining forces to enhance the capabilities of Draganfly’s unmanned aerial vehicle (UAV) platforms with Palladyne Pilot AI software. Under the terms of the agreement, Pilot AI software is to be integrated into Draganfly drone systems to enable multiple UAVs to operate as a coordinated team.

The integration will also enable Draganfly platforms to gain expanded mission capabilities, including autonomous swarm operations, real-time intelligence, reconnaissance, and enhanced operator efficiency.

“Palladyne AI is enabling drone platforms to incorporate autonomy features that were even recently limited to large and costly systems,” said Cameron Chell, CEO of Draganfly. “By having Palladyne Pilot as an embedded option into our platforms, we continue to expand our modular framework and increase our adaptable, mission-critical autonomy and swarm capabilities that reduce operator workload and extend the effectiveness of our systems across complex use cases.”

Palladyne AI Corp (NASDAQ:PDYN) develops AI software for robots, enabling them to be more autonomous and adapt in real time without constant cloud connectivity. The company’s platform, Palladyne IQ, allows robots to learn, reason, and act more like humans and is used across industries such as manufacturing, logistics, defense, and aerospace.

While we acknowledge the potential of Palladyne AI Corp (NASDAQ:PDYN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PDYN and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.