DRO: DroneShield Awarded $2.2 Million for Portable Counter-UAS

DRONESHIELD LIMITED

• DroneShield has received two orders totalling approximately $2.2 million for its handheld counter-UAS systems, including the DroneGun Mk4.
• The orders were placed by the U.S. DoD and another U.S. Federal Government agency, with payments expected in 3Q23.
• The company is experiencing record demand for its solutions due to the rapid growth of the C-UAS market and drone technology in warfare.

2023-04-18 08:53:00

DRO: DroneShield releases DroneGun Mk4

DRONESHIELD LIMITED

• DroneShield releases a new product, DroneGun Mk4TM, a portable pistol-shape drone jammer weighing 3.2kg.
• This product is designed to complement the existing DroneGun product line, not replace other models.
• It can be used with other DroneShield products, like RfPatrolTM and DroneSentryTM, for enhanced drone detection and protection.

2023-04-04 08:43:00

DRO: Outstanding Shareholder Support for Share Purchase Plan

DRONESHIELD LIMITED

• DroneShield Ltd has successfully completed its Share Purchase Plan (SPP), which follows the $10.9 million Placement.
• The SPP generated significant support from DroneShield’s existing shareholders and substantially exceeded the $3 million targeted.
• Total funds raised under the Placement and SPP are $40.3 million, with a robust balance sheet to accelerate growth with cash of approximately $50 million and no debt.

2023-03-07 09:24:00

DRO: Initial UTM Order

DRONESHIELD LIMITED

• DroneShield has received an initial order for its RfOne long range drone tracking systems and associated software for a UTM project in Europe.
• UTM (Unmanned Traffic Management) is a multi-billion dollar market which aims to deconflict airspace as more drones enter the skies.
• DroneShield is well placed to provide hardware for UTM systems, due to their existing offering and no changes required to hardware or software.

2023-03-06 08:50:00

DRO: Completion of $10.9 million Placement and SPP Launch

DRONESHIELD LIMITED

• DroneShield has raised $10.9 million via a placement and will give all shareholders the opportunity to participate in a share purchase plan to raise up to $3 million.
• The company has received two record orders amounting to $11 million from two government defence departments and has a cumulative sales pipeline of over $200 million.
• Record revenue for 2022 was $16.9 million, with expected strong growth in 2023.

2023-02-06 09:35:00

DRO: Droneshield Receives Another $11 Million Order

DRONESHIELD LIMITED

1. DroneShield Ltd has received a new purchase order for approximately A$11 million.
2. The order is expected to be delivered by mid 2023.
3. It follows another $11 million purchase order received from a different Government in December 2022.

2023-01-09 09:01:00