* DroneShield received an order from a high profile Asian government department
* A number of sensors to be installed at a security agency in an urban environment
* DroneShield products reviewed and tested against other anti-drone solutions
* Combination of effectiveness, low profile, availability, affordability and location
DroneShield (ASX:DRO) has just announced the sale of their multi-sensor acoustic technology detection products to a buyer in the Asian region. The nature of the sale is for a security agency, with multiple sensors to be installed in the area.
It’s reported the buyer is a national security agency in the Asian region, to be deployed for drone threat detection. While information on the buyer is limited, a national security agency is big news for the Australian company who have focused on building a strategic network of distributor channels. Additionally, it was suggested that the buyer is located in an urban environment, where the product is to blend into the surrounding area.
The customer purchesed one of DroneShield’s omnidirectional sensors, the exact type used by DroneShield in the Boston marathon for anti-drone protection. ASX reports that the national security agency scrutinized many of DroneShield’s competitors products, to benchmark the DroneShield solution, however selected the product based on effectiveness, low profile, availability, affordability and the origin of the company.
It’s important to note that the sale was made on a subscription basis, expected to produce reoccurring annual revenue for the duration of the installation. The sale to such a high profile buyer is sure to set a precedent for governments looking to purchase anti-drone technology in the coming future.
Who is DroneShield?
We first learned of DroneShield when it was announced they would be the ones protecting the Boston Marathon after the previous year’s fatal terrorist bombing. We thought that was a move that took integrity, not just trying to line their own pockets. When they announced they were opening up a Sydney office and doing an Australian IPO, we couldn’t miss the chance to invest!
The company is currently based in Sydney and Virginia, a world-wide leader in drone security technology. They developed the pre-eminent drone security solution (DroneShield) that protects people, organisations and critical infrastructure from intrusion from drones. Its leadership brings world-class expertise in engineering and physics, combined with deep experience in defence, intelligence, and aerospace. Heavy spending into its research sector has recently resulted in the DroneGun – a tactical anti-drone weapon capable of taking down drones peacefully within a nifty range.
Can I invest in the company? How much are shares?
Yes you can! To invest in DroneShield, simply open an account with a broker (we use the CommSec app) and select DRO on the ASX to trade in shares. We’ve seen the price of shares hover between 0.190 – 0.220 for some time now, and with the release of the DroneGun, Dronshield hit around 0.24 a share. Further to the last few company announcements, we’ve seen the share price bounce between 0.230 – 0.270. DroneShield also keeps in touch with their investors in the latest news and press releases via ASX and via their investors portal.
Having some academics in DroneSec, we realize the importance of time and research. We believe that any research in the early stages of scientific developments needs a little incubation, and are positive the company will continue to grow into 2017 and beyond.