- DroneShield (ASX:DRO) announces key sale to middle-eastern country
- Exact location is undisclosed, yet reported close ally of Western Nations
- The DroneGun allows drone takedowns without disrupting friendly drones
DroneShield (ASX: DRO) has again impressed investors by securing a new deal selling DroneGun to the Ministry of Defence of an undisclosed middle eastern nation.
A test unit was bought at market rate, with likely follow up order on large volume in order to equip the nation’s military with anti-drone capabilities.
The country is said to be a close ally to the Western nations.
The order is in response to the recent developments in the terrorist activities involving a recent proclamation of their fleet of customised drones equipped with bomb payloads called, “Unmanned aircraft of the Mujahedeen”.
ISIS released a statement claiming injuries and deaths of 39 of Iraqi soldiers in a span of week.
Various governments in the Middle East are now on high alert following the new threats imposed by terrorists by the adoption of drone technologies to aid in their malicious activities.
Meanwhile, Boston Police department again chose DroneShield as their primary provider for drone security in the upcoming Boston Marathon that will take place in April 2017.
DroneShield systems will be placed at tactical locations, with capabilities for real time detection and feedback to the security and police personnel in the vicinity.
DroneShield’s involvement in this year’s marathon is a result of their success in previous involvements in 2015 and 2016 as the primary provider of drone security.
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 invest in DroneShield and use the CommSec app) and select DRO on the ASX to trade in shares. DroneShield also keeps in touch with their investors in the latest news and press releases via ASX and via their investors portal.
DroneShield’s activities in the past has led to a bump in the price of shares by a whopping 64% since the beginning of this year, hovering around ~$0.450 in 2017.