DroneShield bags repeat order from European govt for DroneSentry systems

DroneShield Ltd (ASX:DRO) has announced a substantial repeat order worth A$2.2 million from a European Government customer for multiple fixed site DroneSentry counterdrone systems. This follows the initial order placed on 1 September 2022, indicating continued trust and satisfaction in DroneShield‘s technology.

Comprehensive Counterdrone Technology by DroneShield

The order encompasses a range of technology components, including RfOne radiofrequency-based long-range drone sensing systems, radars, and electro-optic sensors enhanced with DroneShield’s DroneOptID image recognition and tracking software. Moreover, the DroneCannon wide-area effectors are included. Central to the system is DroneShield’s DroneSentry-C2 AI-based command-and-control system, equipped with the proprietary SFAI sensor fusion engine. The customer has also opted for all SaaS-based updates applicable to the DroneSentry system.

DroneShield Ltd receives A$2.2 million repeat order for DroneSentry systems

DroneShield’s CEO Comments on the Repeat Order

Oleg Vornik, CEO of DroneShield, expressed his views on the repeat order: “The customer has had several fully deployed systems for a period of time, following the purchase approximately a year ago, and has now commenced a broader rollout of a fleet of DroneSentry systems, commencing with this order. DroneShield will provide additional updates as orders for further systems are received.”

He further added, “This order includes several handheld systems, as the customer was seeking both fixed site and handheld capability, one of the key differentiators of DroneShield’s offering. The order also highlights the benefits of DroneShield’s ability to be a one-stop-shop for a wide range of counterdrone requirements, including own sensors, integrated third party sensors, and supply of a proprietary C2 AI engine.”

Expected Fulfillment and Revenue Impact

The order is anticipated to be substantially fulfilled and delivered before the end of 2023, with the majority of payments received prior to shipping. DroneShield has escalated its operations to ensure prompt execution of such orders. A significant portion of the revenue for 2024 is expected to be derived from orders received in 2024, indicating a rapid turnaround in order fulfillment and a positive outlook for the company’s growth in the counterdrone technology market.

This repeat order from a European Government customer not only demonstrates the efficacy and reliability of DroneShield’s DroneSentry systems but also marks a significant stride in the field of advanced drone security technology. DroneShield’s commitment to innovation and its ability to cater to diverse counterdrone requirements positions it as a leading player in the security technology sector.