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DRO - DroneShield Limited

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DroneShield DRO forms significant partnerships with M2K Technologies & Trakka Systems respectively

Indian market entry for DroneShield is a huge $$ opportunity so watch this space imo

DRO market depth keeps building/looks much healthier to me so the potential to crack 0.20c+ imho

https://www.suasnews.com/category/the-market/cuas/

DYOR .. Cheers tela
 
wow DRO massive 1.1M line wipe on open @ 0.19c !!!

already taking chunks @ 0.195c
--------------------
DroneShield DRO forms significant partnerships with M2K Technologies & Trakka Systems respectively

Indian market entry for DroneShield is a huge $$ opportunity so watch this space imo

DRO market depth keeps building/looks much healthier to me so the potential to crack 0.20c+ imho

https://www.suasnews.com/category/the-market/cuas/

DYOR .. Cheers tela
 

How drones have added a new dynamic to conflicts​

Drones have become the means of the first choice in modern warfare and are used by state and non-state actors.


Unmanned aircraft vehicles (UAVs), commonly known as drones, have become an integral part of international conflicts in recent years. However, the increase in use and a correlating enhancement of accessibility has added a new dynamic and volatility to modern warfare.

Libya’s air war: Drones decisive in battle for Tripoli

UAE gets American drones as China ramps up sales

United States approves $600m sale of armed drones to Taiwan

US pushes $2.9 billion armed drones sale to UAE: Sources

The drone market has grown accordingly. In 2019, it was worth $10.53 billion. By 2027, the market is forecast to reach $23.78 billion, a figure hardly surprising given that about 30,000 military drones are already in use.

“Several countries are investing massively in counter-drone capabilities, to cancel or at least significantly degrade such risks”.

https://www.aljazeera.com/news/2021/2/20/how-drones-have-added-a-new-dynamic-to-conflicts
 
US Department of Homeland Security Agreement !!!

DroneShield DRO has entered into a new Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Homeland Security Science and Technology Directorate (“DHS S&T”).The research will involve DroneShield’s multi-sensor Unmanned Aerial System (“UAS”) detection and mitigation capabilities, with the primary focus on DroneSentryTM and DroneSentry-C2TM solutions for fixed and semi-fixed site applications.

DroneSentryTM is a modular system that integrates multiple sensors – radiofrequency (RF), radar, EO/IR camera, and acoustic for layered detection, classification, identification, and tracking of UAS. DroneSentryTM leverages DroneShield’s latestadvancements in Artificial Intelligence (“AI”) based RF detection, long-range sensing, and expanded multi-sensor data fusion capabilities.

DroneSentry-C2TM provides end users with an interoperable common operating picture for the counter-UAS mission. DroneSentry-C2TM’s pairing of advanced sensor fusion with an intuitive enterprise level visual platform, enables users to easily deploya complete detection and threat assessment capability of unmanned systems for their critical infrastructure and base protection needs.

Oleg Vornik, DroneShield’s CEO, commented, “We are excited to work closely with DHS S&T under this cooperative agreement to support end users throughout their agency and sub-agency partners. Our DroneSentry solution is at the forefront of fixed-sitecounter-UAS and partnerships like this one allow us to make further advancements that are most relevant to the end users and mission we serve.”

In addition to its cooperative agreement with DHS, DroneShield recently announced DroneSentry-C2’s U.S. Military Standard (“MIL-STD”) compliant version of the software platform. DroneSentry also supported the recent U.S. Army Defense in Depth Exercise(“DiDEX”), along with DroneShield’s dismounted and mounted C-sUAS solutions.
----------------------------
*refer to today's asx announcement for full agreement disclosure details in relation to above
 
Nice posts and updates , And maybe yesterday's announcements with the u.s homelands might get this share taking off (bad pun ), I had no luck with this small cap for 3years ,
Owned these shares previously from late 2017 @ 20 cents through to dec 2020 and sold for 18 cents , I understand the meaning now of "Dead cat bounce " ?
 
Counter-drone technology company DroneShield DRO has just received a repeat order from a “high profile” government member of the Five Eyes alliance.

DroneShield’s new Five Eyes contract is however worth approximately $1 million, a substantial increase from the initial trial purchase of approximately $500,000 made from the same customer last year. The transaction will be paid in full in the June quarter of this year.

The Five Eyes alliance is an intelligence alliance comprising Australia, Canada, New Zealand, the United Kingdom, and the United States, sharing information on security matters such as terrorism.

DroneShield’s CEO, Oleg Vornik, said that the repeat order has validated the company’s superior product and technology.

“This significantly larger follow-on order is a testament to both the industry leading capabilities of DroneShield products and an example of a common procurement pattern in our industry, where an initial order and evaluation might take some time, but once the solution has been validated and thoroughly vetted by the end user, larger follow-on orders result.”

Vornik said the company will continue to work with the Five Alliance countries in order to build up its order book.

Record sales​

DroneShield has been delivering revenue growth over the last five years. It started from a low base of $0.1 million in 2016, which has grown to $5.6 million in 2020. In the past year alone, revenue grew by 58 per cent.

The December 2020 quarter was the company’s best ever, when it reported a record of $2.8 million in purchase orders.

Over the last 12 months specifically, the company has gained significant momentum, signing contracts with multiple high profile clients.

It was awarded contracts with major US government agencies, which includes a deal with the US Air Force in July 2020 for its DroneSentry systems. Last September, the company also received funding from the US Department of Defence for targeted development of its C2 system.

In Europe, the company has also made impressive progress in the past year – winning multiple orders from three seperate European countries, deploying its DroneSentry system at the Altenrhein Airport in Switzerland, as well as completing a DroneSentinel trial for a mid-tier European airport.

A $5.9 billion market​

The increasing use of drone products across recreational and commercial applications has generated an enormous industry which is expected to reach $60 billion by 2024.

As security risk from drones increases, there is also an increasing market for counter-drone technology, which the company predicts to be worth $5.9 billion by 2026.

High profile drone incidents around the world such as attacks on Saudi oil fields, and the assassination attempt on Venezuelan President Maduro in 2018, have recently made counter-drone technology an important part of a government’s arsenal.

Against this backdrop, DroneShield has built up a pipeline of orders worth around $100 million from global customers.

https://themarketherald.com.au/droneshield-asxdro-receives-1m-govt-order-2021-03-15/
 
$2.3M Middle Eastern MOD Payment Received!

DroneShield Ltd DRO is pleased to announce it has received $2.3
million of the remaining due payment on a previously completed order (refer to ASX announcement 30 March
2020) to a Middle Eastern Ministry of Defence.

The payment will be included in the total customer receipts in the Appendix 4C cash flow report for this 2Q21
quarter.

Oleg Vornik, DroneShield’s CEO, commented, “In addition to the material value of this cash receipt, it
demonstrates several critical points.

Firstly, it shows that DroneShield is able to successfully navigate doing business in one of the most
challenging yet most lucrative regions globally for Western companies, in terms of successful management
of stakeholders and achieving outcomes.

Secondly, this is the completion of a repeat purchase by this end user, with the next contract expected to be
a much larger amount, approximately $60–70 million, which is currently being discussed, and will be
announced to the market once the contract has been mutually executed.

Thirdly, this underscores the global leadership positioning of DroneShield products, and our best-in-breed
performance, as confirmed by this customer who faces daily UAS threats on their home soil, like no other
customer globally.”

This announcement follows on multiple recent contract wins globally announced in recent weeks, including
$1.1 million Five Eyes agency repeat order announced on 7 April, US Law Enforcement Order contract
announced on 6 April, and multiple DroneSentry-XTM orders announced on 24 March 2021.
 
DRO going nuts perhaps big news coming!? sp now @ 0.195c +11.43% on terrific volume/momentum etc.

dyor as always
 
DRO: is One of my picks for the 2022 tipping Comp.
Just a matter of time before their products become standard security items by many military and law enforcement groups
 
as mentioned by @Telamelo in the ELS Elsight thread, about an article in the AFR. To date, the DRO shareprice has not reflected the perceived lift of interest.


 
Maybe this is the launching pad we've all been waiting for:
Like many investors I believed in the potential and usefulness of their product (s) and bought them in Dec 2016 at $0.23@
and in the next 2 months the SP more than doubled:
a Short lived high, that gradually receded to low of $0.10 in March 2019:
That was followed by another short lived climb to $0.40 and another fall back to new low under $0.10
and has recently been bobbing around $0.20+/-

Meanwhile I noticed in the recent announcements:
the usual Change of Directors interests for a Jethro Marks, Oleg Vornik and Peter James
who respectively picked up, 83,334, 250,000 and 132,500 Unlisted Options without spending a cent
i.e. paid for by "a loan provided by the Company to exercise the options pursuant to the terms of the Company’s Incentive Option Plan"
with an exercise price of $0.65 by 30 June 2023.
In reality/other words, they will only exercise and pay for these options IF the SP exceeds $0.65 before June 30 2023.
All nice and legal to be in such a WIN-WIN position.
though some (including me) might say it's really GILDING THE LILLY and a legal form of insider trading.
 
Dona Ferentes said:
as mentioned .....To date, the DRO shareprice has not reflected the perceived lift of interest.
Click to expand...
from late March:
DRO received an approximately $2 million order for several of its systems from an international government agency. The funds will be received across March 2022 and June 2022 quarters.

The order consists of an upfront purchase of $2 million with an additional recurring subscription element, which is unable to be estimated at this time, but expected to be material in the context of the order.

Since the escalation of tensions / warfare and the obvious use of drones in Ukraine, the DRO announcements have been few and far between. It's hard to determine what's going where. DRO seems to be more focused on static installations, and supplying into the GSA schedule for US Government law enforcement and public safety agencies.

I have seen pictures of the DRO beast on feeds from the active war front, but as to the authenticity?

DRO was 17c late Feb, and is only 21c now, Has had a run higher earlier in May.
 
In The Fin.

Has been smashed with everyone else the past few weeks.

But, I think the longer term narrative about drones and drone defence has legs.

 
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