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- DroneShield (DRO) receives an initial $600,000 order for its DroneSentry system by a Defence agency of a Five Eyes country
- The Five Eyes intelligence community includes US, Australia, UK, Canada and New Zealand
- The order is a trial of the product to determine the suitability for end-user requirements, in anticipation of larger purchases
- DroneShield expects to deliver the system and receive full payment in the March 2022 quarter
- On the market, Droneshield is up 6.06 per cent and trading at 17.5 cents per share
DroneShield (DRO) has received an initial $600,000 order for a variant of its DroneSentry system by a Defence agency of a Five Eyes country.
The Five Eyes intelligence community includes the US, Australia, the UK, Canada and New Zealand.
The order is a trial of the product to determine the suitability for end-user requirements, in anticipation of larger purchases.
DroneSentry uses artificial intelligence (AI) across multi-spectrum, including radio-frequency and computer vision, to enable threat awareness and dominance to the Defence customer.
DroneShield will continue to work with the customer and refine its software if needed, therefore improving its offering to all Defence and intelligence users.
CEO Oleg Vornik is pleased to add another marquee Defence customer to its order book.
“There is a significant potential for large follow up systems to this customer, both this system configuration and cross selling of our other products,” he said.
“Over its development period, DroneShield has accumulated a substantial number of complex datasets across various domains to optimise its algorithms, along with proprietary techniques for smart marking of the data, as well as techniques to maximise the efficiency of available data, including via creation of synthetic datasets.
“This, together with enriching our Defence customers’ own proprietary data and analytics via DroneShield’s modern, robust APIs, enables DroneShield to continue its lead in the Artificial Intelligence protocol development.”
DroneShield expects to deliver the system and receive full payment in the March 2022 quarter.
On the market, Droneshield was up 6.06 per cent and is trading at 17.5 cents per share at 12:53 pm AEDT.
