8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):

August 15, 2022

UAS Drone Corp.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

011-972-4-8124101

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒

Item 8.01 Other Events.

On August 15, 2022, UAS Drone Corp. (the “Company”) issued a press release announcing that the Company’s wholly-owned subsidiary, Duke Airborne Systems Ltd., introduced the IC Drone, a drone technology for conducting routine maintenance of critical infrastructure, and has signed an agreement with Israel Electric Corporation (IEC) to provide drone-enabled systems for cleaning electric utility cable insulators. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

2

Exhibit99.1

UASDrone’s Subsidiary, Duke Robotics, to introduce the IC Drone, a revolutionary, safer, and cost-efficient drone technology for conductingroutine maintenance of critical infrastructure

Fort Lauderdale, Florida, August 15, 2022 -- UAS Drone Corp. (OTCQB: USDR), a leader in robotics technology and drone solutions, today announced that its wholly owned subsidiary, Duke Airborne systems Ltd. (Duke Robotics), signed an agreement with the Israel Electric Corporation Ltd. (IEC), a public and 99% government-owned company that generates, transmits, and supplies electricity to all sectors of the State of Israel. Duke Robotics will introduce a first-of-its-kind robotic, drone-enabled system for cleaning electric utility insulators. This new system - the IC Drone - is under development and is based on the Duke Robotics ’s advanced intellectual property (IP) and know-how that integrates algorithms, autonomous systems, and robotic technologies used in mission-critical applications. The above marks Duke Robotics’ first collaboration for its civilian application.

Maintenance of high voltage electrical infrastructure requires routine cleaning of insulators in order to optimize system efficiency and prevent power outages. Currently, the global standard for routine cleaning of insulators involves the use of helicopter fleets and crane trucks.

IC Drone offers a revolutionary, cost-efficient, and safer method for this essential infrastructure service. UAS Drone expects its IC Drone system will be operationally launched in H2 2023, and revenues are expected to commence in H2 2023.

“We believe that our high-performance, mission-critical drone technology and know-how has untapped potential in the civilian market. IC Drone, for electrical infrastructure maintenance, is the first product will be releasing in the civilian market,” said Yossef Balucka CEO of UAS Drone Corp. “We are pleased to work with the Israeli National Electricity Company and believe this collaboration regarding IC Drone will benefit both parties.”

AboutUAS Drone

Duke Robotics, a wholly owned subsidiary of UAS Drone Corp. (OTCQB: USDR), is a forward-thinking company focused on bringing necessary unique stabilization and autonomous solutions for both military and civilian sectors.

Duke Robotics developed TIKAD, an advanced robotic system designed to serve the growing need for tech solutions in the combat field. The proprietary and confidential complex kinematic algorithms address the crucial need of modern warfare to bear arms remotely on hostile targets without risk to the military personnel. We believe that troops can use TIKAD to handle potentially dangerous situations quickly and efficiently from the air. This technology also allows troops to potentially disarm a situation remotely, without ever deploying a ground presence. For more information about Duke Robotics, please visit www.dukeroboticsys.com or view documents that USDR files with the Securities and Exchange Commission at http://www.sec.gov.

Forward-LookingStatements

This press release contains forward-looking statements. Words such as “future” and other similar expressions or future or conditional verbs such as “will” are intended to identify such forward- looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs as well as assumptions made by and information currently available to us. For example, when we discuss the expected roll out of the IC Drone, the expected launch and receipt of revenues, the belief that its high-performance, mission-critical drone technology and know-how has untapped potential in the civilian market, we are using forward looking statements. Accordingly, our actual results may differ materially from those expressed or implied in such forward-looking statements due to known or unknown risks and uncertainties that exist in our operations and business environment including, but not limited to: the successful integration of acquisitions; the continued development of our products; the ability for Elbit to terminate the Agreement, or cease funding certain the development the TIKAD or the marketing, sales and production of the TIKAD, at its discretion; significant fluctuations in foreign currency exchange rates; and competition, including technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Contact name: Yossef Balucka, CEO

Email address: invest@dukeroboticsys.com