Palladyne AI Corp. engages in the design, development, and manufacture of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity. The company is headquartered in Salt Lake City, Utah and currently employs 71 full-time employees. The company went IPO on 2021-01-15. The Company’s advanced artificial intelligence (AI) and machine learning (ML) software seeks to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in a manner akin to human intelligence. Its 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 reduces the significant effort required to program and deploy robots, enabling industrial robots and collaborative robots (cobots) to achieve autonomous capabilities even in dynamic or complex environments. Its software has various applications, including in industries, such as automotive, aviation, construction, defense, general manufacturing, and others.
Follow-Up Questions
Who is the CEO of Palladyne AI Corp?
Mr. Benjamin Wolff is the President of Palladyne AI Corp, joining the firm since 2021.
What is the price performance of PDYN stock?
The current price of PDYN is $8.26, it has decreased 4.3% in the last trading day.
What are the primary business themes or industries for Palladyne AI Corp?
Palladyne AI Corp belongs to Machinery industry and the sector is Industrials
What is Palladyne AI Corp market cap?
Palladyne AI Corp's current market cap is $346.8M
Is Palladyne AI Corp a buy, sell, or hold?
According to wall street analysts, 3 analysts have made analyst ratings for Palladyne AI Corp, including 2 strong buy, 4 buy, 1 hold, 0 sell, and 2 strong sell
