NGL - Nightingale Intelligent Systems

[tech/a]

Looks like a total disaster!

But, it's only small volume as you say. So I wouldn't sweat it too much.

Let's just get this in perspective.

The highest volume I can see is last July with 1 million or $60,000
Today its 120K and $7200.

Hardly epic.

 

[verce]

Let's just get this in perspective.

The highest volume I can see is last July with 1 million or $60,000
Today its 120K and $7200.

Hardly epic.

I agree! The volumes are relatively small. So it shouldn't be a cause for alarm when a pullback occurs. Stocks never go up in a straight line (most of the time anyway).

 

[verce]

 

[verce]

February 29 notes from (ISC)² (https://en.wikipedia.org/wiki/ISC2) meeting I attended (remotely) in Long Island, New York (joint meeting with New York City chapter).

No new information - just additional context and a live demonstration.

♦ Defence/Large Commercial/Critical Infrastructure/Law Enforcement are the key markets.

♦ It is a proprietary drone made here in the US, with a proprietary base-station also made here in the US, and the C4-AI proprietary software coded in Silicon Valley. The entire technology stack is proprietary.

♦ Computing is done both on the drone and in the base-station. There is a server inside the base-station. It's all edge-based computing - all data is stored on the base station for cyber security reasons - it never communicates with the cloud (unless the customer wants an exception).

♦ The drones would ideally work in a lot of 100 to 1000 (a swarm) controlled by an individual pilot (e.g. southern border perimeter given as an example). They need to be smart enough to coordinate between themselves and minimise human intervention. As an example of multi-drone operations, if one drone is low on battery, another one can take over mid-flight and send the first one back to base to recharge. The system is able to automatically select the most qualified drone for each specific mission based on parameters (like battery life, proximity to the target/incident, weather conditions). There is also single beam LiDAR and an altimeter to prevent crashing and avoid obstacles.

♦ Flew a live drone mission using their software from a hotel room in Albuquerque, New Mexico controlling a drone located in Silicon Valley, California. This is where I forgot to take notes because it was incredibly impressive and I was kind of blown away.

♦ Integration with 911 dispatch calls plus gunshot sensors to automatically send drones to any triggered events as first responder.

♦ When they were going for the NYPD contract, some of the other prospective vendors had to pull out due to inability to deal with the wind speed. NGL were able to go ahead and succeed despite these adverse conditions.

Example Video: Autonomous precision landing in strong wind

Above: New York City Mayor Eric Adams checking out the NGL drone.

I came away very impressed with the live demo and my conviction is affirmed.

 

[verce]

https://www.datacenterdynamics.com/...-feeling-safe-data-center-security-by-design/

Likewise, Novva is one of the first data center firms to use drones for security purposes. The company has partnered with Nightingale Security to deploy the latter’s Blackbird Unmanned Ariel Vehicles (UAVs) at Novva’s flagship in West Jordan, Utah.

While the drones offer 4K cameras, LiDAR, and infrared during their preprogrammed missions, operators will have to be careful about their use.

“I think robotics is something that you might see more of. Part of our [human] security guards’ daily duties is to do external perimeter walks,” he says. “I see no reason why that might become the remit of some sort of a robot.”

 

[verce]

San Pablo Police Swing Shift Recovers 6 Stolen Vehicles

The San Pablo Police Department announced that on Thursday, its swing shift officers recovered six stolen vehicles along with seven arrests.

contracosta.news

San Pablo Police were assisted by the Contra Costa County Sheriff’s Office and the Richmond Police Department who attempted to search for the suspects running through backyards. With the help of a drone equipped with a FLIR detection (heat source), a suspect was located. Soon, in a nearby area, the other suspect was arrested.

 

[verce]

The drone works in high-speed wind, rain, hail and extreme heat with a level of stability and performance that is very difficult to emulate (a competitive moat).

There is much more to building a drone than meets the eye. They are constantly iterating on battery life, autonomous precision landing algorithms, weight ratio, agility and ease of use - all of these factors are often at odds with each other in terms of their design requirements.

So it's quite a technical feat to implement and integrate a variety of innovations and capabilities without compromising the primary ability to fly.

Looks like they also raised 250,000 USD today via convertible notes. Which should hopefully help with cashflow.

 

[Dona Ferentes]

The drone works in high-speed wind, rain, hail and extreme heat with a level of stability and performance that is very difficult to emulate (a competitive moat).

ya reckon?

There is much more to building a drone than meets the eye. They are constantly iterating on battery life, autonomous precision landing algorithms, weight ratio, agility and ease of use - all of these factors are often at odds with each other in terms of their design requirements.

So it's quite a technical feat to implement and integrate a variety of innovations and capabilities without compromising the primary ability to fly.

really? that's just Drone 101.

Looks like they also raised 250,000 USD today via convertible notes. Which should hopefully help with cashflow.

minnow.

Ukraine and Gaza are live sites, spending that amount every 24 hrs.

 

[verce]

Evening Wrap: ASX 200 smashed as iron ore rout continues, bank profits too tantalising to ignore

Anytime you put the words "resources and financial stocks fell heavily" in a market wrap, you know there's going to be a bunch of index points knocked off, and that certainly was the case today.

www.marketindex.com.au

I don't know if this is a mistake - because it seems to be too good to be true- but have a look at this! From about 6PM yesterday.

• Nightingale Intelligent Systems Inc (NGR) retained at outperform at Macquarie; Price Target: $2.38

What do you guys think? Is this a mistake or a typo?

I've emailed the website to ask for clarification. Will post their response here if anyone gets back to me.

 

[Country Lad]

I don't know if this is a mistake - because it seems to be too good to be true- but have a look at this! From about 6PM yesterday.

• ightingale Intelligent Systems Inc (NGR) retained at outperform at Macquarie; Price Target: $2.38

What do you guys think? Is this a mistake or a typo?

I've emailed the website to ask for clarification. Will post their response here if anyone gets back to me.

Ha ha, yes if only. The clue may be the code - NGR which is a Canadian company, Nova Gold Resources currently trading around that price target.
If it looks too good to be.........................................................................

 

[verce]

Ha ha, yes if only. The clue may be the code - NGR which is a Canadian company, Nova Gold Resources currently trading around that price target.
If it looks too good to be.........................................................................

Hi @Country Lad

I'm inclined to agree and your sleuthing makes a lot of sense.

However, that page is purely a list of ASX companies, which is why I was so perplexed. No other Canadian-listed companies are on there.

Anyway, the Market Index website content writer & strategist got back to me and amended the ticker to NGL. However, I am still waiting on clear and final confirmation from them re: Macquarie's alleged price target which still seems out of this world.

The plot thickens! I will report any findings back here when I learn more. This could just be a cascade of mistakes on their end.

 

[verce]

I think it's meant to be Mirvac Group (not Nova Gold Resources) after reflecting on it for a while.

3 main reasons:

1. M and N are very close on the keyboard - somebody could have tried to type in MGR (Mirvac) and accidentally pressed NGR which auto-populated the wrong company name.

2. MGR's current price is about $2.15 - meaning Macquarie's price target of $2.38 is much closer to reality.

3. To the best of my knowledge, no institution or banks realistically have the time or inclination to provide analyst coverage on a company that is below a 10 million market cap. (please correct me if I'm wrong here on microcap coverage)

 

[verce]

San Francisco, CA – Nightingale Intelligent Systems, Inc. (Nightingale or the Company), a leader
in autonomous security drone technology, is pleased to announce that Mr. Roman Quaedvlieg, the
inaugural Australian Border Force Commissioner, has accepted an invitation to join the board as an
Independent Non-Executive Director.


In 2015, Mr Quaedvlieg co-led the merger of Australian Customs and the Immigration Department
before becoming the inaugural Australian Border Force Commissioner, responsible for the protection
of Australia’s borders and tackling transnational crime syndicates. Mr Quaedvlieg also chaired the
operational arms of the Australian and New Zealand Counter Terrorism Committee and has
coordinated both global and domestic police executive development programs.


Prior to that, Mr Quaedvlieg had a lengthy and diverse career in the national security domain,
including serving as the ACT Chief of Police before joining the Australian Customs Service as
Deputy CEO – Operations, where he was responsible for enforcement and trade operations,
including the maritime component of Operation Sovereign Borders.

 

[verce]

The CEO and CTO (the co-founders) have received 2.8 million in shares between each other for achieving a net revenue target of US$2.50M during the vesting period.

 

[verce]

Episode 96 - AI, Robots and the Future of Security 1 September 2023

In this episode of the ASIAL Security Insider podcast, we speak with Roman Quaedvlieg. We spoke with Roman about the role of robots, drones and AI in the future of security.

asial.com.au

Episode 96 - AI Robots and the Future of Security

In this episode of the ASIAL Security Insider podcast, we speak with Roman Quaedvlieg.

Roman is a former Commissioner of the Australian Border Force and a former Australian Federal Police Assistant Commissioner. Since leaving government service, Roman has taken on the role of Partner and director at Excelium, a cyber security consultancy specialising in the protection of critical infrastructure. Roman is also a Non-Executive Board Member with Codec Security Ventures Australia.

We spoke with Roman about the role of robots, drones and AI in the future of security.

Be sure to check out Roman's article in the latest issue of Security Insider magazine.

 

[Dona Ferentes]

Suspension from Quotation
Description
The securities of the following entities will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Tuesday, 2 April 2024, for not lodging the relevant periodic report by the due date.

If the report is lodged between the closure of the market announcements office on Thursday, 28 March 2024, and the imposition of the suspension, the entity’s securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

CALIMA ENERGY LIMITED CE1
CAQ HOLDINGS LIMITED CAQ
IMAGION BIOSYSTEMS LIMITED IBX
JAYEX TECHNOLOGY LIMITED JTL
KINA SECURITIES LIMITED KSL
NIGHTINGALE INTELLIGENT SYSTEMS INC NGL

 

[verce]

Suspended on Day 1 of the April comp. How embarassing.

 

[verce]

Update: Still Suspended (doh!) but some positive developments in the background:

NYPD to start Drone as First Responder program, allowing UAVs to respond to scenes of shootings​

NYPD to start Drone as First Responder program, allowing UAVs to respond to scenes of shootings

Patrol officers will be able to watch live video feeds from drones dispatched to crime scenes by a gunshot detection system

www.police1.com

Kyle Roh on LinkedIn: #dfr #dfr #gsd

Today marks the completion of yet another customer deployment for our team, but one that will go down in the record books for sure. We are excited to support…

www.linkedin.com

 

[verce]

 

[verce]

Kyle Roh on LinkedIn: #casiag #dfr

Another BVLOS victory for Nightingale Security, this time for our commercial customers under Part 107 rules. This BVLOS waiver allows for operations with no…

www.linkedin.com

Approval from the US Federal Aviation Administration for drones to operate beyond the visual line of sight of the pilot is probably the most advanced regulatory clearance that can be attained in the world.

NGL have just achieved the unmanned drone equivalent of US FDA approval, and must have demonstrated incredibly advanced risk mitigation to address safety of other aircraft, people and property.

This means their AI drones can truly operate autonomously without needing a human operator to maintain constant eye contact.

The full ruling from the FAA can be found here:

https://www.faa.gov/sites/faa.gov/files/107W-2024-01307_Kyle_Roh_CoW.pdf