Drone Shield to enter Middle East markets

Australian anti-drone security company, DroneShield (ASX: DRO) has signed a memorandum of understanding with Saudi Arabia’s Public Telecommunication Co to enter Middle East markets.

Public Telecommunication’s STC Specialized group, which is ‘guided’ by the Saudi government to partner with leading foreign companies, has added DroneShield to its partner list.

The company said in a statement: “Nefarious use, and the potential for nefarious use, of commercial and consumer grade drones in the Middle East is now well-documented.

“STC Specialized is pleased to partner with DroneShield, an effective global leader in drone detection and mitigation.”

Sydney-based DroneShield makes a range of drone detection, monitoring and anti-drone countermeasure systems. These can only be exported with Australian and US Government approval.”

As reported in @AuManufacturing, Drone Shield recently gained approvals to sell to a Central American customer.

Given its concentration of civilian and military aviation facilities, the Middle East is a bigger prospective market, and exports should be possible given it is a US ally.

STC Specialized’s customers include Saudi Aramco, Saudi Ministry of Defence, General Directorate of Civil Defence, Saudi Airlines, Saudi Electricity Company, Rabigh Refining Company and the General Directorate of Narcotics Control.

DroneShield’s CEO Oleg Vornik said, “The Kingdom of Saudi Arabia, and the broader Middle East are a market with a substantial need for our products, and we look forward to capitalizing on that demand.

DroneShield’s products include DroneSentinel, DroneSentry and the DroneGun Tactical gun.

Picture: DroneShield/DroneGun

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