Wolfe described 2025 in two phases. In the first three quarters, he said the company focused on “validation,” upgrading Palladyne IQ based on feedback from the U.S. Air Force and potential Fortune 100 customers and developing what became Palladyne IQ 2.0 . Wolfe said IQ 2.0 was completed and began being shown to customers in early January, and that the effort resulted in the company’s first signed commercial IQ customer contract a couple of weeks prior to the call. Management said the deal was not financial ...