DroneShield Expands U.S. R&D Operations to Drive Next-Gen Counter-Drone Solutions

https://www.droneshield.com/media/press-releases/drone-shield-expands-us-research-and-development-operations

No surprises that Droneshield are increasing their US footprint. Smart move IMO.

Disc: Held

Unsurprising, but Droneshield entering ASX200:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02968537-2A1609013&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

TLDR - Fidelity Asset Management have been buying steadily over the last few days.

Now at 7.6% of ownership. It will be very interesting to see what price they have been paying, esp as the price surged past $4 yesterday.

Either it's a pathway to a takeover, or they see a big future for DRO. Both are good news for holders.

Disc: Held

Odd that we have more than doubled the price in two months on barely any news.

The only thing that I can guess is that there has been as escalation in conflicts recently that has brought Droneshield into the public mind.

I don't think they have made any material announcements on manufacturing capacity to keep up with demand if it keeps growing.

I'm putting this down to sentiment.

In which case, I am going to lighten the load when it starts looking too good to be true.

Disc: held.

After a lull, the news flow tap from Droneshield is back on full blast.

https://www.droneshield.com/press-releases/droneshield-assigned-with-nato-stock-numbers

Disc: Held IRL/SM

Very strong showing of investor support.

Droneshield have raised a bucket load of cash and are keeping the excess $27m.

Very happy that management have not scaled back the offer, but let's see what they now do with the extra cash.

Over to you Oleg.

Small order in the grand scheme of things, but evidence of management continuing to 'execute', or should I say, achieve their objectives.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02545855-2A1387112

DroneShield is pleased to advise it has received a repeat order for its counterdrone solutions in amount of approximately $500,000 from a high profile US Government Agency.

Oleg Vornik, DroneShield’s CEO, commented, “This repeat order from a customer with some of most demanding and complex Government agency requirements globally, shows the industry leading capabilities of DroneShield products.”

“We believe that we are now at an inflection point with a number of high profile customers, with the next step being regular multi-million dollar orders, which we expect to commence through 2H22.”

The payment for the order is expected to be received in full in the current September 2022 quarter.