On 2 October 2018, shortly after a reported drone assassination attempt on the life of the Venezuelan President, DroneShield Ltd (ASX:DRO) (“DroneShield” or the “Company”) announced an order for its DroneSentry™ drone mitigation system and DroneGun Tactical™ jammer products for use by a Central American government security agency. The announcement stated that the Company’s ability to fulfill the order was subject to approval by the relevant U.S. regulator, and that there were no guarantees that the approval for that particular order would be granted. The Company is pleased to announce that the relevant U.S. governmental approval has now been granted.
For clarity, only some of the Company’s potential orders require such approval since sales of some of the Company’s products do not require governmental approval, and sales of the Company’s restricted products to a number of countries allied with the United States do not require such approval.
Oleg Vornik, DroneShield’s CEO, commented “Drone misuse is a universal problem, and no government or corporate civil infrastructure operator is immune from it. Inaction is not an option, and the recent events at Gatwick Airport, during which a malicious drone operator shut down England’s second largest airport for approximately 48 hours using an off the shelf consumer drone, stranding 100,000+ passengers, and causing tens if not hundreds of millions of dollars worth of damage, have brought this home to decision-makers around the world.
DroneShield is one of the very few companies in the counterdrone industry that have progressed to products that have been proven in a range of environments, against a range of drones, with multiple governmental users.
As a result, in the recent months, DroneShield:
- received an initial order for its counterdrone equipment from Zain (KWSE:ZAIN), one of the largest Middle Eastern telecoms, following an entry into a Teaming Agreement for the Middle East with Zain;
- sold a substantial amount of anti-drone equipment to one of the largest Middle Eastern Ministries of Defence;
- sold its portable drone jammers DroneGun™ for use by a Western governmental security agency;
- sold DroneGuns™ for use by the national security agency of a major Asian country;
- sold DroneSentry™ (DroneShield’s integrated multi-sensor drone detection and mitigation system), as well as DroneGuns™ to a Central American government security agency;
- teamed up with Thales (ENXTPA:HO) on servicing Thales’ anti-drone needs in Spain;
- had its products evaluated by the United States Department of Defense’s Assymetric Warfare Group at Fort A.P. Hill, Virginia; and
- had its DroneSentinel™ multi-sensor drone detection system used by the British military at the Autonomous Warrior 2018 exercise.