- Drone security technology DroneShield (DRO) has received orders from two European Government agencies for its products
- The first order is for the multi-sensor detection system, DroneSentinel, and follows on from a smaller order in July
- The second order is for the Ministry of Defence of a European country and is for the company’s DroneGun Tactical, DroneNode and RfPatrol products
- DroneShield will receive $750,000 for the drone products and hopes these new sales will lead to follow-up orders
- Droneshield is up 3.57 per cent on the market and shares are trading for 14.5 cents per share
Drone security & technology company DroneShield (DRO) has received orders from Government agencies of two separate European countries for its products.
The first order is for the multi-sensor detection system, DroneSentinel, from a significant European Government customer. It follows on from a smaller order announced in July.
While the second order is from another Europeans country’s Ministry of Defence and is for the company’s DroneGun Tactical, DroneNode and RfPatrol. Pleasingly, this is the first sale for this particular country.
The company said both of the new orders are for government agencies with a high credit rating.
DroneShield expects to walk away with $750,000 in sales proceeds from these orders, which it expects to receive prior to the shipment at the end of September.
It is also expecting these orders to lead to further follow-up sales.
“The first order delivers a combined integrated solution with a number of deep technologies that we excel in, across hardware and software, and across individual sensors and the multi-sensor integrated offering,” Droneshield CEO Oleg Vornik said.
“It is a follow on, and larger, order from this country (the initial order announced last month), with further multi-million dollar opportunities expected in the next 12-24 months,” he said.
“The second-order shows our capabilities in the portables C-UAS area, opening the defence and other end customers of that European country to our products,” he added.
Droneshield is up 3.57 per cent and shares are trading for 14.5 cents per share at 2:06 pm AEST.