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#Management Selling Summary Mar
Added 2 months ago

Management Selling Summary Mar 24

Oleg Vornik 

·      29 February to 5 March 2024 10,456,038 Shares price average $0.6877 per share ($7,190,731)


Peter James

·      29 February to 5 March 2024 5,612,008 Shares price average $0.6877 per share ($3,859,404) 


Jethro Marks

·      29 February to 5 March 2024 1,292,901 Shares price average $0.6877 per share ($889,152) 


Holdings after Sale

Peter James 920,022 (3,000,000 unlisted and invested Performance Options)


Jethro Marks (3,000,000 unlisted and invested Performance Options)


Oleg Vornik (15,000,000 unlisted and invested Performance Options)

##Dubai Airshow 2023
Added 6 months ago

Yesterday, I had the incredible opportunity to attend the Dubai Airshow, where Droneshield showcased its cutting-edge technology at the Australian pavilion. The presence of CEO Oleg Vornik and Business Development Manager Louis Gamarra added a personal touch to the event as they openly interacted with the enthusiastic crowd. As a shareholder, I had the privilege of engaging in a detailed conversation with Louis for nearly an hour, gaining valuable insights into the business.

The exhibition featured the impressive DroneGun Mk4 and RFPatrol Mk2, both meticulously manufactured in Australia. It was emphasized that every component is sourced locally to comply with regulations for sales to Five Eyes countries and others. Their commitment to security was evident, with a keen interest in understanding the background of those exploring their products, particularly if they appeared to be Chinese nationals. This vigilance took on added significance when later in the day, I discovered another company, Skyfend (https://www.skyfend.com), with a seemingly identical product line to Droneshield. Interestingly, this Chinese company exhibited products strikingly similar to those of Droneshield. Below Pictures I took of SkyFend Pavilion at 2023 Dubai Airshow

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In my inquiry about the differences between the two, the only response from the Skyfend representatives, who were Chinese nationals, was a claim that their product was superior. This raises intriguing questions that warrant further investigation. However, it's worth noting that Droneshield's strategic advantage lies in its accessibility to Five Eyes countries, and given the current global environment, Western countries may be hesitant to embrace Chinese technology in this sector. The competitive landscape promises to be a compelling area for future exploration.

To further underscore Droneshield's commitment to innovation, I learned that the company currently boasts a team of 85 full-time engineers. According to Louis, Droneshield is deeply entrenched in the realm of hardcore engineering, a testament to their dedication to pushing technological boundaries. During our conversation, he provided valuable insights into the intricacies of their technology. Notably, he mentioned that due to stringent regulations in Australia, they conduct their new tech testing exclusively in Virginia, USA.

One prevailing theme that emerged from our discussion was the apparent reluctance of many Western countries to swiftly acknowledge or address the evolving threat posed by drones. This hesitation underscores a substantial opportunity, particularly in safeguarding critical infrastructures such as airports. As the world grapples with the increasing sophistication of drone technology, Droneshield's expertise and forward-thinking approach position them as a key player in mitigating these emerging threats. The company's emphasis on rigorous engineering and global testing reflects a commitment to staying at the forefront of this rapidly evolving landscape.

#Products
stale
Added one year ago

Drone Shield is a company that provides a range of products and services for detecting, tracking, and mitigating drone threats. The company's products are designed to help organizations protect against unauthorized or malicious drone activity, such as drone surveillance, drone-based attacks, or drone smuggling.

Drone Shield offers a variety of products for detecting and tracking drones, including radar systems, thermal cameras, and acoustic sensors. These products can be used to detect drones at long ranges and in a variety of weather conditions. Droneshield’s three streams of revenue include

-       Hardware (drone detection and defeat devices)

-       SaaS (device software updates)

-       R&D contracts

DroneShield has its own production facility, supplemented by two outsourced manufacturers, to ensure ability to manage large hardware orders. It currently employees over 60 staff made up of engineers, sales and field support and production technicians. 

From the 2022 Annual Report the main product range is as follows:

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Brief Summary of Current and Past Products

·      November 2022 DroneSentry-C2 Command and Control System Upgrade – software platform, providing counter-UAS awareness and reporting capability. https://www.asx.com.au/asxpdf/20221116/pdf/45hn16hsr6375b.pdf

·      April 2022 DroneSentry-C2 in partnership with Nearmap https://www.asx.com.au/asxpdf/20220405/pdf/457q1j380l52qg.pdf

·      September Sonar One – sonar monitoring device capable of detecting and tracking hostile unmanned underwater vehicles (UUVs) or diver intruders in protected waters. Ideal for deployment around naval vessels, harbours, and critical infrastructure. SonarOne is easy to install and monitor via the DroneSentry-C2. https://www.asx.com.au/asxpdf/20210901/pdf/4501kkmhyww1y5.pdf

·      August 2021 CompassOne – device provides real-time military grade location, orientation and direction sensing for deployed static and on-the-go assets. https://www.asx.com.au/asxpdf/20210823/pdf/44zkx2hbhvws67.pdf

·      August 2021 DroneSim – a lightweight and rapidly deployable UAS/drone simulator that is able to mimic common drone signals for the purpose of counterdrone (C-UAS) system testing and validation. The device is capable of generating aerial (UAV), ground (UGV) and water surface (USV) drone signals. https://www.asx.com.au/asxpdf/20210817/pdf/44zcmk9tt2ch7r.pdf

·      November 2019 DroneSentry-X – vehicle-mounted drone detection and defeat product. Lightweight at approximately 10kg, compact size and easily mountable on most vehicles. https://www.asx.com.au/asxpdf/20191114/pdf/44bkh00sq9q5kk.pdf

·      August 2019 RfZero is an omnidirectional drone detection device with a 1km range. It is designed to be a cost effective fixed site alternative to Droneshield’s higher end product RfOne (a 5km radiofrequency direction finder). Completely non-emitting. https://www.asx.com.au/asxpdf/20190802/pdf/4474v1xp18s3zc.pdf

·      July 2019 DroneGun MKIII – portable pistol-shape drone jammer, weighting under 2kg. Having a shorter effective range of 500m verus 1-2KM for DroneGun Tactical. https://www.asx.com.au/asxpdf/20190715/pdf/446lzqk0qszn9n.pdf

·      May 2019 RFPatrol – body worn drone detection product. Weighing under 1 kg, completely passive (non-emitting product. https://www.asx.com.au/asxpdf/20190501/pdf/444r4gbqzgn2rz.pdf

·      October 2018 DroneCannon RW – a lightweight “soft kill” drone jammer for use with “hard kill” remote weapon station. Can be used on a fixed site or a vehicle solution https://www.asx.com.au/asxpdf/20181010/pdf/43z3qbnwk9pthb.pdf

·      February 2018 Radar Zero – compact drone detection radar product. At roughly the size of a paperback book, the product can detect up to 750m away and sells for a fraction of the cost of the larger longer-range more conventional radars. Complements existing longer-range RadarOne product. RadarZero is portable and mobile. https://www.asx.com.au/asxpdf/20180207/pdf/43rdb8d4n05gzh.pdf

·       January 2018 - DroneGun Tactical No backpack – the product is entirely self-contained within the rifle body, whilst maintaining light weight and long effective range (over 1km). Addition of 433Mhz and 915Mhz frequencies, to ensure complete effectiveness across drone models. Ergonomic body and controls. Further alignment with standard military specifications, including standardised NATO military battery power. https://www.asx.com.au/asxpdf/20180131/pdf/43r5crbpxb8xww.pdf

·      September 2017 - DroneGun MKII development of second generation of DroneShield tactical drone jammer.https://www.asx.com.au/asxpdf/20170911/pdf/43m6wfp64xp3y0.pdf

·      June 2017 - Thermal Camera and Optical Camera Products – Launch of two new products – DroneHeat, a thermal camera, and DroneOpt, an optical camera, to supplement its existing acoustic products. https://www.asx.com.au/asxpdf/20170614/pdf/43jxmzp3y1thw2.pdf

·      January 2017 Drone Sentry Product – an integrated drone detection and countermeasure product. Two key categories of products acoustic drone detection system and second is DroneGun, a drone jammer, effective at distance of up to 2km. https://www.asx.com.au/asxpdf/20170116/pdf/43fb8jddq290dy.pdf

·      Dec 2016 – DroneShield - Effectiveness With deployment taking place in a dense urban area, the user has opted for DroneShield’s omnidirectional detection sensors (“omnis”), which provide a wide 180 degree protection with up to 150m range. The omnis provide an alternative to DroneShield long range dish sensor product, which is effective at up to 1km in a 30 degree cone. DroneShield’s detection sensors are not time of day dependent, do not rely on line of sight, completely passive to the surrounding environment, are not subject to export restrictions, and cover all major drone models, including frequency hoppers. https://www.asx.com.au/asxpdf/20161220/pdf/43dvgx88h84k5n.pdf

·      Nov 2016 - Drone Gun – a rifle style handheld jammer device, highly effective at 2.4Ghz and 5.8 Ghz frequencies (the standard frequencies of consumer and commercial drones globally). AN optional GPS-jamming capability is also available to customers where lawful. https://www.asx.com.au/asxpdf/20161128/pdf/43d7xbhdc23d5p.pdf

If anyone has used or been exposed or has any more information on DroneShield products would love hear about it. Thanks

#Capital Raise History
stale
Added one year ago

DroneShield Capital Raise History – Raised $44.37m since IPO June 2016 current market cap today $126.3m ($0.28).

·      November 2022 – Raised $3.7m via Epirus at $0.20 – Epirus is a high growth US technology company

·      August 2020 – Raised $17m, $7.5m Share Placement, $9.5m SPP at $0.125 per share

·      August 2019 – Raised $9.55m Share placement at $0.20 per share

·      February 2019 – Raised $1.3m Share Placement at $0.115 per share

·      October 2018 – Raised $1.7m through SPP at  $0.14 per share

·      March 2018 – Raised $2.55m Share Placement at $0.21 per share

·      October 2017 – Raised $2.32m Share Placement at $0.20 per share

·      July 2017 – Raise $1.25m through SPP and Share Placement at $0.237 per share.

·      June 2016 - Raise $5m for IPO at $0.20 per share

Director Shareholding            Ordinary Shares          % DRO Issued              Net Value at $0.28

CEO Oleg Vornik                     15,310,356                              3.39%                          $4.29m

Peter James (Chairman)         9,301,688                                2.06%                          $2.6m

Jethro Marks (Board)              666,666                                   0.14%                          $186K

Total                                        25,278,710                              5.59%                          $7.1m

Management Changes

·      January 2022 appoints Matt McCrann as its US CEOhttps://www.asx.com.au/asxpdf/20220105/pdf/454r9lpqj6772b.pdf

·      November 2018 Angus Bean promotion to Global Technology Officer previously Vice President of Product Design https://www.asx.com.au/asxpdf/20181126/pdf/440mfhs7d7nrqx.pdf

·      May 2017 Ryan Vervack appointment of Chief Technology Officer (US) https://www.asx.com.au/asxpdf/20170522/pdf/43jdrm4k33wckb.pdf

·      Jan 2017 Oleg Vornik becomes CEO previously been the Chief Financial Officer of the company for over a year. https://www.asx.com.au/asxpdf/20170124/pdf/43fhjq7tlrz830.pdf


#Summary Order/Contract History
stale
Added one year ago

Below is the complete DroneShield Contracts/Orders that have been announce on the asx since listing up to today January 2022. I have not included announcement that weren't material (selling one DroneGun etc).

·      January 2023 - $11m Government Agency Customer – a new purchase order for approximately $11m order includes several different types of Droneshield counterdrones/C-UAS equipment.https://www.asx.com.au/asxpdf/20230109/pdf/45kh6b7gkcw9j6.pdf

·      December 2022 - $11m Government Agency Customer – several different types of Droneshield counterdrone/C-UAS equipment. https://www.asx.com.au/asxpdf/20221221/pdf/45k1nft8qkzp2y.pdf

·      November 2022 - $1m International Government Agency – for several of its DroneSentry-X units.https://www.asx.com.au/asxpdf/20221110/pdf/45hfnhvt8pw37q.pdf

·      October 2022- $900,000 Asian Order -  for portable counterdrone systems. The order is from a government agency of an Asian country allied with the west. https://www.asx.com.au/asxpdf/20221025/pdf/45gpx8f5bpgp8z.pdf

·      October 2022 - $1.8m US Department of Defence Contract – for its DroneGun MKIII handheld counterdrone system. https://www.asx.com.au/asxpdf/20221004/pdf/45fvrj49k8l1mf.pdf

·      September 2022 – $2m European Government Customer – order for multiple DroneSentry fixed site detect and defeat systems.https://www.asx.com.au/asxpdf/20220901/pdf/45dmg07h14zy77.pdf

·      Aug 2022 – Sub $500K First US Airport Deployment – sold and deployed its DroneSentry counterdrone system at a US international airport.https://www.asx.com.au/asxpdf/20220829/pdf/45df1qnqw0f46d.pdf

·      July 2022 – $500K US Government Agency – repeat order for its counterdrone solutions in amount of approximately $500,000 from a high profile US Government Agency.https://www.asx.com.au/asxpdf/20220727/pdf/45c6nd6nk9vvmf.pdf

·      March 2022 – Approx. $2m International Government Agency – several systems. The order consists of an upfront purchase of $2 million with an additional recurring subscription element, which is unable to be estimated at this time, but expected to be material in the context of the order. https://www.asx.com.au/asxpdf/20220321/pdf/45769mdqmp5bg7.pdf

·      February 2022 - $750,000 US Government Agency Order – follow up order of A$750K with a major government agency. Order comprises of multi-mission wearable and on-vehicle C-UAS devices, supported by AL-enabled threat awareness software, RFAI. https://www.asx.com.au/asxpdf/20220215/pdf/455zfrnq7g1xd0.pdf

·      December 2021 - $600,000 Five Eyes Defence Agency Order – for a variant of its DroneSentry system by a defence agency of a five eyes country. https://www.asx.com.au/asxpdf/20211213/pdf/4542kk3tg312y0.pdf

·      November 2021 - $800,000 Australian Department of Defence – contract relates to artificial intelligence in multi-domain applications. The work relates to both the counterdrone space as well as more general military/Government agency applications. https://www.asx.com.au/asxpdf/20211115/pdf/452yzmn9txdfq0.pdf

·      June 2021 - $3.8m Defence Contract – announce it has received a 2 year contract with the total value of $3.8 million, with the military of a key Five Eyes country. https://www.asx.com.au/asxpdf/20210604/pdf/44x3nm10rqgkhv.pdf

·      April 2021 - $1.1m Government Customer Contract - announce it has received an order in total amount of approximately $1.1 million from a high profile Government customer from a Five Eyes country. This new contract, placed by an existing customer, represents a follow up order from previously announced orders (refer to ASX announcements dated 9 March 2020 and 15 March 2021). https://www.asx.com.au/asxpdf/20210407/pdf/44vb111lkn336b.pdf

·      March 2021 - $500,000 Multiple DroneSentry-X. Orders – received multiple first orders for its latest product, DroneSentry-X, an on-the-move C-UAS system. The order includes both detection-only and detect-and-defeat variants, for North America and South East Asia regions. Detection-only variant is purchase by customers who are legally restricted in their ability to defeat UAS.https://www.asx.com.au/asxpdf/20210324/pdf/44ty7s71bmv4hj.pdf

·      March 2021 - $1m Government Customer from a Five Eyes country – place by an existing customer, is a substantial increase from the initial trail purchase of approximately $500,000 made last year https://www.asx.com.au/asxpdf/20210315/pdf/44tndl2w9yy5z0.pdf

·      January 2021 - $100,000 – EU Police Framework Agreement – received the initial order for its DroneGun Tactical product under the European Union Police Framework Agreement. https://www.asx.com.au/asxpdf/20210118/pdf/44rsxdrcwf1tk1.pdf

·      December 2020 - $400,000 – Government Agency Order – received a follow up order for its DroneGun from a major intelligence government agency of a five eyes country. It was a follow up order on an earlier $900,000 order announced 1 October 2020. https://www.asx.com.au/asxpdf/20201229/pdf/44rcgy9z7j0b49.pdf

·      November 2020 - $600,000 – Defence R&D Artificial Intelligence Contract received an R&D contract related to its Artificial Intelligence/ Machine Learning (AL/ML) algorithms from a defence department of a Five eyes country. https://www.asx.com.au/asxpdf/20201113/pdf/44ptrvsm1rvpl3.pdf

·      October 2020 - $900,000 – Government Agency Order received an order for it DroneGun Tactical hand held counter-drone products from a major intelligence Government agency of a Five Eyes country (US, Canada, Australia, UK and New Zealand). https://www.asx.com.au/asxpdf/20201001/pdf/44n7bb2g2krjpb.pdf

·      September 2020 – Approx. $1m – South East Asia Army order for DroneSentry system for an Army of a major South East Asian country. https://www.asx.com.au/asxpdf/20200911/pdf/44mjs6dzfmzztw.pdf

·      August 2020 - $750,000 European Government Orders – announced it has received orders from government agencies of two separate European countries for its products. https://www.asx.com.au/asxpdf/20200831/pdf/44m3x6zdm1s1km.pdf

·      July 2020 - $100,000 European Ministry of Defence order for RadarZero portable counterdrone system powered by the DroneShield Complete Command and Control (2) system from a significant European military.https://www.asx.com.au/asxpdf/20200724/pdf/44kszs9114b5hj.pdf

·      July 2020 - $200,000 United States Air Force contract award – contract to deploy multiple units of DroneShield’s DroneSentry integrated detect and defeat counterdrone (C-UAS) system at the Grand Forks Air Force airbase.https://www.asx.com.au/asxpdf/20200723/pdf/44ks12v1fpnf0f.pdf

·      March 2020 - $460,000 United States Government Agency Order https://www.asx.com.au/asxpdf/20200309/pdf/44fvq79bddvb8p.pdf

·      October 2019 – A$700,000 Australian DoD purchases Rfpatrol  https://www.asx.com.au/asxpdf/20191001/pdf/44933xgjyd7zmx.pdf

·      June 2018 - $3.2m Middle Eastern Ministry of Defence – orders for 70 DroneGuns https://www.asx.com.au/asxpdf/20180614/pdf/43vrlcdm5f3hxn.pdf

·      March 2018 – A$210,000 – ForcePro – one of the company’s European distributors, has placed an order for the company’s DroneSentinel product, as well as two Dronegun units.https://www.asx.com.au/asxpdf/20180305/pdf/43s55zzhq21xvm.pdf

·      Dec 2016 – A$130,000 initially with additional annual cash inflows of approximately A$150,000 per year to follow for the life of the installation. Turkey Government Order – multi-sensor product sale of its Droneshield acoustic detection product to a distributor. https://www.asx.com.au/asxpdf/20161221/pdf/43dwxkb9xc7rx7.pdf

Currently do not hold Droneshield but it does look interesting.