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Electro Optic Systems (ASX:EOS) releases new counter drone product
Source: EOS
  • Electro Optic Systems (EOS) has released the world's first full-spectrum system for defence against drone attack
  • The counter-drone product — named Mopoke — combines all ten elements available to defend drone attacks
  • The total addressable market for counter-drone products is estimated to be worth US$48 billion (around A$66 billion) by 2030
  • While EOS believes the market within its own customer base is estimated to be worth US$21 billion (roughly A$28.9 billion)
  • Shares in Electro Optic have increased 4.82 per cent to $5.44 each

Defence technology company Electro Optic Systems (EOS) has released the world's first full-spectrum system for defence against drone attacks.

The counter-drone product — named Mopoke, after the Australian bird of prey — combines all ten elements currently available to defend drone attacks.

These include radar sensors, drone interference, electronic and electro-optic sensors, command and control system, short, medium and long-range big and small drone destructions, as well as tactics and training.

Significantly, Electro Optic's new product combines all of these elements in a "coherent C2 architecture".

The company was able to do this as it produced eight of the ten elements itself, with only two outsourced. In comparison, competing products have only managed to combine four of the ten elements in-house.

"EOS has applied its capability to manage complex systems to fast-track to production the most capable and coherent suite of counter-drone technologies in the world," EOS Defence Systems Chief Executive Grant Sanderson said.

"The Mopoke suite offers several unique elements including the world’s first proven directed energy (laser) kill system for drones, and the first overlapping capabilities in kinetic defence," he added.

Electro Optic said the global total addressable market for counter-drone products is estimated to be worth US$48 billion (around A$66 billion) by 2030.

It said the market within its own customer base is estimated to be worth around US$21 billion (around A$28.9 billion).

"EOS customers suffered over US$20 billion in losses of critical infrastructure due to drone attacks in 2019," Grant said.

"Globally this figure would be higher and the inestimable cost of drone attacks in human lives adds to these high economic costs," he added.

Shares in EOS are trading up a slight 1.93 per cent at $5.29 each at 3:11 pm AEST.


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