Drone detection and counter-measure company DroneShield has completed shipment of an order of its DroneGun anti-drone counter measure systems to the defence department of a middle eastern nation. The nation, which has not been named by the Sydney company, will pay the company $3 million on completion of the order. DroneShield CEO Oleg Vornik said:…
Drone detection and counter-measure company DroneShield (ASX: DRO) has received a $300,000 payment from the Department of Defence for a small number of the company’s DroneGun Tactical products. This is the third order from Defence as part of an order placed in December for DroneGun, which uses electromagnetic signals to disable rogue drones intruding onto…
Australian drone countermeasure company DroneShield (ASX: DRO) has won an Australian army contract to provide portable unmanned aerial system (drone) detection devices. The company, which is listed locally but operates mainly overseas, won a $700,000 tender made up of a combination of an initial purchase price and an annual subscription component. DroneShield’s CEO Oleg Vornik…
Shares in Australian-Israeli anti-drone security company, DroneShield (ASX: DRO) leapt 22 per cent this week on more positive sales news. The company reported increased cash inflows for the June quarter, continuing positive cash flows from its drone detection and counter-measure product portfolio. Record cash inflows of $1.1 million were recorded, reducing net cash burn to…
Australian anti-drone security company, DroneShield (ASX: DRO) has entered an agreement with R&D Capital Partners Pty Ltd which will enable it to access the equivalent cash to the R&D tax incentive long before they would otherwise receive it from the government. DroneShield has received the R&D tax incentive, most recently $500,000, each year it has…
Sydney-based drone security manufacturer, DroneShield (ASX: DRO) powered ahead in the latest quarter substantially increasing cash inflows and reducing cash burn. The company, which makes DroneShield, DroneSentinel and DroneGun Tactical products to detect and eliminate threats from rogue drones, booked revenue of more than a million for the first time in the quarter ended 31…
Sydney-based anti-drone security company, DroneShield (ASX: DRO), has won regulatory approval to fulfil an export order to a Central American customer. The company announced in a statement that approval would allow it to go ahead and fulfil a $300,000 order for its DroneGun Tactical jammer products. Oleg Vornik, DroneShield’s CEO, commented: “Drone misuse is a…
@AuManufacturing’s Australia’s 50 Most Innovative Manufacturers for 2024 were announced to a full room at Cockle Bay Wharf’s rooftop L’Aqua venue on Thursday morning. After a five-month campaign and the assessments of five expert judges, the list for this year can be made public. This title expresses its great thanks to the second annual event’s…
Titomic announces sale of TKF metal 3D printing systems 3d printer manufacturer Titomic has announced the sale of cold spray additive manufacturing systems and associated equipment to Spanish technology centre Fundacion Centre Technologico Miranda de Ebro (CTME). The sale includes D633 medium-pressure and D523 low-pressure cold spray systems, a powder feeder and integrated spray booth…
Eight small to medium-sized businesses delivering priority capabilities for Defence will be assisted by federal government grants totalling $3.47 million. The Defence Global Competitiveness and Sovereign Industrial Capability Priority grant programmes help Australian businesses boost manufacturing, harness their expertise and increase jobs. The latest recipients are: QPE Advanced Manufacturing (pictured) will receive $1 million to…
