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…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) DroneShield announces record-breaking order worth $61.6 million Counter-drone business DroneShield has announced three standalone follow-on contracts, worth a total of $61.6, representing “the biggest single order” in its history and topping its entire revenue of $57.5 million for 2024. According to…
McCormick opens upgraded factory Food company McCormick has officially opened its upgraded Sunshine Coast waste treatment facility, which it says will make “a major step forward in reducing waste” while supporting growth of the Gourmet Garden herb and spice brand. According to a statement on Friday from the company, the new “state-of-the-art trade waste treatment…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Introducing Spotlight on Scaling Up: an unmissable June 25 event about one of Australian manufacturing’s key issues @AuManufacturing is excited to announce an upcoming event on the morning of June 25, in partnership with BDO, the Advanced Manufacturing Growth…
@AuManufacturing is excited to announce an upcoming event on the morning of June 25, in partnership with BDO, the Advanced Manufacturing Growth Centre, and the Australian Business Growth Fund. An all-star cast of experts will examine the need for more manufacturers to outgrow their boutique origins — helping create a more diverse, resilient national economy…
By Sandy Plunkett If Australia’s domestic manufacturing and tech sector had a dollar for every time political leaders have declared — in and out of election campaigns for decades — that innovative SMEs are the engine of the economy, we might have a small but globally significant 21st century manufacturing sector by now. If we…
