It’s been a busy week for DroneShield Ltd (ASX:DRO), the company which manufactures products used to fend off drone-based threats (yes, that includes a massive drone gun).

It’s only Wednesday, but so far DRO has made three straight announcements in connection with various grants and partnership agreements.

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  • And today’s update got the most traction with investors — an integration deal with Bosch, the multinational engineering and technology company.

    Droneshield said it is now supplying an “integrated system for drone detection and mitigation”, which will be used in conjunection with Bosch’s video surveillance products.

    Shares in DRO initially jumped more than 20 per cent in morning trade before easing back slightly.



    Both companies said the integration of their respective product offerings is completed, and “the combined solution is available to customers at present”.

    Stockhead has contacted Droneshield for comment on how the deal is expected to impact the company’s revenue projections.

    Droneshield CEO Oleg Vornik said the agreement effectively allows Bosch customers in the Asia-Pacific to add a counter-drone capability to their existing surveillance systems.

    Earlier this week, DRO announced it had won a grant from the NSW government’s defence innovation network to further develop technologies focused on drone detection.

    That was followed by a deal yesterday with Altitude Angel, the UK-based provider of unmanned traffic management services.

    In other ASX tech news today

    Shares in buy now, pay later platform Zip Co Limited (ASX: Z1P) rose by more than 11 per cent after the company released its quarterly report for the period ended 30 June 2019. Z1P said total transaction volume was up 108 per cent in annual terms, while Q4 revenues climbed by 17 per cent to $27m — a new high.
    TinyBeans (ASX: TNY) — the family photo-sharing app which lets parents post pictures of their children on private forums — also rose more than 10 per cent after announcing an extension of its contract with Mom365, “the largest provider of professional newborn photography in the US”. Shares in TNY are up more than 200 per cent since the start of the year.
    And internet-of-things company CCP Technologies (ASX: CT1) slumped by almost 40 per cent to 1.1 cents, after resuming trade for the first time in almost two weeks after raising $576,592 in a share placement, via the issuance of 44,353,252 new ordinary shares priced at 1.3 cents.