Secret Central American country orders Droneshield’s anti-drone guns
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Droneshield has added another country to its portfolio of clients — this time in Central America.
The unnamed country ordered $300,000 of two kinds of drone jamming guns for its “security agency”, Droneshield told investors.
Central America — the southern-most region of North America — is made up of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
The stock — which touched an all-time low of 14.5c last month — rose 6 per cent to 18c on Tuesday morning. Droneshield listed in June 2016 after raising $7 million at 20c apiece.
The deal comes a week after the US cleared a sale of 70 drone guns to an unnamed Middle Eastern country, in a deal worth $3.2m.
Droneshield (ASX:DRO) did not say how many guns were ordered, but the prices paid by the Middle Eastern country suggests this deal includes less than 10 jammers.
Droneshield’s hand-held DroneGun is a rifle-style, battery-powered device that blasts enemy drones with a signal powerful enough to drown out the controller’s inputs, causing the drones to malfunction.
In spite of the drone attack on Venezeula’s head of state just seven weeks ago, this is the first order from a country in the region.
Virginia-based Droneshield says the deal, like the Middle Eastern one, is dependant on US approval suggesting that the country may not be a US ally.
“Only some of the company’s potential orders require such approval since sales of some of the company’s products to a number of countries allied with the United States do not require US regulatory approval,” it said.
If the US okays the deal, approval should come in about two months.
Droneshield has talked a lot about its $100 million sales pipeline, but the Middle Eastern deal was one of the first to actually convert.
At the end of June the company reported $467,389 in receipts from customers.