A Five Eyes country has upped its recent order for DroneShield’s DroneGun
Link copied to
Drone security company DroneShield (ASX:DRO) has maintained its late-2020 momentum, signing another DroneGun order for a government agency of a “Five Eyes country”.
The $400,000 order for DroneShield’s spectacular-looking DroneGun Tactical handheld device is a follow-up from the same customer who made a $900K order on October 1.
The Five Eyes network is a signals intelligence alliance between the US, Australia, New Zealand, Canada and the UK.
The sale is subject to pending export approvals. It adds to an already solid December, taking purchase approvals for the quarter past the $3 million mark and its share price to double that of its April low of 9c.
DroneShield expects the market for its counter-drone technology to expand and be worth $US4.5bn ($6.2bn) by 2026, driven by rising international tensions.
In the past two weeks DroneShield has deployed its counter-drone tech at the Altenrhein Airport in Switzerland. Its RfOne product tracks and detects unauthorised drones, before its DroneOpt system identifies the drone and its payload.
The DroneGun and several other products were also rolled out at the recent US Army DiDEX 20 exhibition at the Mercedes-Benz Superdome in New Orleans, Louisiana.
DroneShield CEO Oleg Vornik said the follow-up sale “demonstrates adoption of our products at a mature sales cycle level, where ongoing repeat orders of a meaningful scale start to occur”.