DroneShield is pleased to announce launch and initial order from a Defence customer for its target area-specific Satellite Denial Systems. There are multiple Global Navigation Satellite Systems (GNSS) used around the world – the U.S. GPS being the most known, alongside of the Russian GLONASS, the Chinese BeiDou and the European Galileo system. DroneShield has used GNSS denial against drones/UAVs for number of years as part of smart defeat capability within its products. The Company has developed a number of unique techniques during that time and has a growing reputation as experts in this domain.
A FVEY government (FVEY, or Five Eyes, refers to U.S., UK, Canada, Australia and NZ) has requested that DroneShield develops this capability to the next level with a paid R&D project, expected to be followed by a series of further projects, each project including more advanced development of the system. The dollar value is not material for the initial project, but it is an area of expansion that is likely to become material in the next 24 months. Importantly, DroneShield systems work on focussing the disruption on a specific targeted area.
DroneShield’s CEO, Oleg Vornik, commented: “DroneShield has proven a successful ability to rapidly innovate and deliver on defence R&D contracts, as recently demonstrated in our Electronic Warfare domain efforts, where the Company has progressed from the initial $600k project, to $3.8 million, to $9.9 million, all within a 3-year period. Both Electronic Warfare and Satellite Denial represent closely adjacent areas to our core C-UAS space, with the learnings able to be channelled into our C-UAS work, in addition to the contracts on their own representing value for the business.”
DroneShield (ASX:DRO) is an Australian/U.S. publicly listed company focusing on RF sensing, Artificial Intelligence and Machine Learning, Sensor Fusion, Electronic Warfare, Rapid Prototyping and MIL-SPEC manufacturing. The company capabilities are used to protect Military, Government, Law Enforcement, Critical Infrastructure, Commercial and VIPs throughout the world. DroneShield commenced operations in 2014 in Virginia, USA. In 2016, the company listed on the ASX, and the business became substantially Australian owned over the recent years, with approximately 8000 shareholders (we do not have a strategic/controlling shareholder).
