DroneShield has today released an ASX announcement with regards to a Memorandum of Understanding between DroneShield and Public Telecommunication Co (STC Specialized).
Riyadh, Kingdom of Saudi Arabia; Sydney, Australia; and Virginia, USA – The Public Telecommunication Co also known as STC Specialized(“STC Specialized”) and DroneShield Ltd (ASX
The Saudi Telecom Company (“STC”) is the only national licensed Kingdom of Saudi Arabia operator providing the business sector, governmental, industrial and commercial sectors, with services and solutions addressing instant collective wireless communications.
STC Specialized is the executive arm of the STC whose mission is implementing solutions for Critical Communications, by aiming at boosting the communication channels between ambulatory and fixed working groups in various business sectors, at the highest standards of efficiency and effectiveness.
Under the guidance of the government of the Kingdom, STC Specialized seeks to fulfil a long-term vision for a globally integrated and diverse Saudi economy and to operate as a trusted global player that partners with the world’s best. Among STC Specialized’s partners in the aerospace and defence industry are Airbus, Motorola and Inmarsat. STC Specialized is pleased to add DroneShield to that list.
STC Specialized’s customers include Saudi Aramco, Saudi Ministry of Defence, General Directorate of Civil Defence, Saudi Airlines, Saudi Electricity Company, Rabigh Refining Company, General Directorate of Narcotics Control, and a large number of other largest Saudi Government and enterprise customers.
STC Specialized and DroneShield were pleased to execute a Memorandum of Understanding (the “MOU”) to document the start of their relationship. Under the MOU, STC Specialized and DroneShield have acknowledged that theirs is a strategic relationship for both
For clarity, the MOU is not a commitment to purchase or supply
DroneShield’s Chief Executive Officer Oleg Vornik commented, “STC Specialized is a world-class partner with deep access and technical capability in the region. The Kingdom of Saudi Arabia and the broader Middle East are a market with a substantial need for our products, and we look forward to capitalizing on that demand, while STC Specialized achieves its broader economic and technological objectives in the Kingdom.”
STC Specialized’s Chief Executive Officer Waleed Mutter commented, “We have partnered with DroneShield after a careful review and consideration of the counter-drone market. We look forward to working on our strategic objectives with DroneShield while helping protect the Kingdom and its allies from aerial threats.”