DroneShield has been recognised by NATO, and its shares are rallying
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ASX-listed DroneShield, the maker of a gun to turn back unwanted drones, has just got a stamp of approval from NATO, the military alliance between North American and European countries.
Its DroneGun MKII product has been assigned a NATO Stock Number, a 13-digit numeric code.
This allows for any of the 29 NATO militaries to purchase DroneGun MKII on a “military catalogue” basis, significantly simplifying the procurement process.
DroneShield (ASX:DRO) says the number was assigned following a request from the United States Department of Defense.
DroneShield shares were up almost 7 per cent to 23c in Wednesday morning trade, valuing the company at $12 million.
Droneshield shareholders will be hoping the NATO development leads to sales.
The drone-jammer reported only $23,325 in actual customer receipts last quarter — despite listing more than $100 million in potential “pipeline” sales in October.
The company’s tecnology uses acoustic recognition to detect drones and warn of their approach from up to kilometre away.
Its DroneGun, using jamming technology, sends the offending drone straight back to its owner.
DroneShield is getting ready to launch its new MkIII model and last week launched a light-weight version weighing just 1.25kg and the size of a paperback book.
The portable and mobile radar RadarZero can detect drones up to 750 metres away. DroneShield says it’s particularly suitable for tactical deployments and is a fraction of the cost of larger, longer-range and more conventional radars.