Drone jammer DroneShield makes first sale in South America
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Drone-jammers DroneShield have made their first foray into South America, with an order received from the Paraguayan ministry of national defence.
Their tactical drone jammer, DroneGun, interferes with drone signals and allows a user to take control and guide the device back to land.
DroneShield (ASX:DRO) shares rose 3 per cent to 19c in Friday morning trade, down from a recent high of 27c last month.
DroneShield already provides equipment to the Australian and US defence departments. The Paraguayan order is for one unit that will be used in an evaluation trial — and is subject to approval by a US regulator overseeing defence exports.
It’s hoped the evaluation will lead to more orders.
Droneshield has forecast a sales pipeline ranging in size anywhere from $US500,000 to as much as $US45 million.
DroneShield is the only company in the world offering drone detection as well as a handheld rifle-style tactical drone countermeasure.
The team behind the hand-held drone jammer are now working on a third-generation product to protect troops between the ground and high altitudes serviceable by the air force, where most drones now target.
The team plans to implement drone sensors to create a bubble of drone protection dubbed ‘DroneSentry’.
At the end of the quarter DroneShield had $1.27 million in the bank. An additional $2.32 million was raised at 20c a share in late October.