Company Report
Last edited 4 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#134
Performance (52m)
-15.5% pa
Followed by
155
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#1st US Law Inforcement Order
stale
Last edited 4 years ago

Prior to its announcement today "$1.1M Government Customer Contact" put up by GetSmart,

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02360995-2A1291235?access_token=83ff96335c2d45a094df02a206a39ff4

DRO announced yesterday 6/4/21

US Law Enforcement Initial Order

DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce it has received an initial order from a high profile US law enforcement agency.

The order comprises of a mobile system of two passive/non-emitting UAS detection sensors, deployed in a mobile configuration, enabling rapid system setup, for detection and tracking of nefarious UAS. While the dollar value of the order is not material, it is expected to lead to follow up orders with this and other US law enforcement agencies. The value of the order is expected to be included in the total customer receipts in the Appendix 4C cashflow report for 2Q21.

Oleg Vornik, DroneShield’s CEO, commented, “We are pleased to continue expanding the breadth of our US customer base, now reaching into law enforcement. It is a large and important market, and this initial deployment will serve as a reference case for expected follow-on sales.”

Disc: I hold

View Attachment

#Multiple Orders 24/3/21
stale
Last edited 4 years ago

Multiple DroneSentry-X Orders

DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce it has received multiple first orders for its latest product, DroneSentry-XTM, an on-the-move C-UAS system. The orders included both detection-only and detect-and-defeat variants, for North America and South East Asia regions. Detection-only variant is purchased by customers who are legally restricted in their ability to defeat UAS.

The orders, with approximately $500,000 in proceeds, considered material by the Company, have been received in the last week, are the initial trial purchases of the system, in two separate countries, in anticipation of larger procurements. Additional follow up orders are currently being discussed, with the amounts to be confirmed. The Company expects to receive the cash proceeds from these orders through March, June and September quarters.

DISC: I hold

View Attachment

#Next Gen AI Rollout8/2/21
stale
Added 4 years ago

Next Gen Artificial Intelligence Software Rollout

DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce the rollout of its first fully Machine Learning/AI based detection and classification software to all of its existing customer systems.

DroneShield utilises its proprietary techniques in signal processing and Machine Learning/AI to do near-real time detection and identification of unmanned robotic systems and, more broadly, other potential threats in the Electronic Warfare fields. The result is a dramatic increase in detection responsiveness, lower false positives and a significant increase in the speed at which new threats are detected, classified and tracked by the DroneShield systems.

One of the key achievements that sets DroneShield’s technology substantially ahead of the existing technologies globally, is a very lightweight machine learning architecture designed to run on low power FPGA (Field-Programable Gate Array) hardware. This enables the system to be deployed for long term periods in power scarce, air-gapped environments.

The software is designed to run on all DroneShield platforms including RfPatrolTM, DroneSentryTM and DroneSentry-XTM.

Future device software updates will build on this system architecture and increase performance and the number of detectable threats.

Oleg Vornik, DroneShield’s CEO, commented, “DroneShield customers receive regular software updates via enrolling into a Subscription-as-a-Service (SaaS) model at the time of purchase of their systems. Importantly, the software also has capabilities for deployment outside of the C-UAS space, on a hardware agnostic basis. DroneShield is currently engaging in such deployments with its Five Eye country military customers.”

DISC: I hold

#ASX Announcement 18/1/2021
stale
Added 4 years ago

First Order Under the EU Police Framework Agreement

DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce it has received the initial order for its DroneGun TacticalTM product under the European Union Police Framework Agreement. In May 2020, DroneShield’s DroneGun TacticalTM product was selected as the preferred solution by the European Union police forces, and placed on an ongoing EU Framework Agreement.

The process was run by the Belgium Police, with an EU-wide framework. Sales, training and local support will be managed by DroneShield’s Benelux region partner ForcePro BV.

Oleg Vornik, DroneShield’s CEO, commented, “Due to COVID, there have been initial delays in mobilisation of orders under the agreement, which have now commenced despite continuous COVID constraints in Europe. While this initial purchase is small at approximately $100,000, it represents the first purchase under what we expect to be a multi-million dollar agreement supplying DroneGunsTM and associated counter-UAS products across dismounted, vehicle and fixed site range, to police forces across EU.”

https://wcsecure.weblink.com.au/pdf/DRO/02331253.pdf

Disc: I hold

#Press Release
stale
Added 4 years ago

DroneShield Releases US DoD Compliant DroneSentry-C2 

 
DroneShield Ltd (ASX:DRO) (“DroneShield”, or “Company”), is pleased to release a US DoD MIL-STD-2525 compliant version of its DroneSentry-C2TM command-and-control system, as part of its continued work with the US Department of Defense.
 
MIL-STD-2525 refers to a standard structured set of symbology for the display of information in command and control systems and applications, by use by the US Department of Defense, and non-DOD entities such as other Federal agencies and NATO partners. DroneSentry-C2 TM now provides users with industry leading enterprise features and MIL-STD-2525 compliance.
 
DroneSentry-C2 TM is a common operating picture for the Counter-UxS mission. DroneSentry-C2 TM enables its users to visualize their operational space, integrate with existing perimeter security and C2 systems, and leverage multi-sensor fusion capabilities unique to DroneSentry-C2TM. As a sensor agnostic, open architecture platform, DroneSentry-C2 TM brings advanced interoperability and flexibility to users.
 
Oleg Vornik, DroneShield’s CEO, commented, “DroneShield has continued to rapidly scale our US efforts. In support of that, we work closely with our customers and partners to incorporate real-world feedback into the continuous development of our solutions.  The specific shaping and standardizing of our offerings to meet the requirements of the US Department of Defense and MIL-STD-2525 is an important part of this work and a testament of our commitment to our customer and their mission.”
 

Disc : I hold DRO
 
 

#ASX Announcements
stale
Added 4 years ago

DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce deployment of its multi-sensor C-UAS DroneSentryTM system at the Altenrhein Airport in Switzerland, as well as provide an update on record Purchase Orders and customer cash receipts for the quarter to date.

DISC I have small holding

View Attachment