News and Announcements
DroneShield (ASX: DRO) releases RfPatrol and first customer order places
- Published May 02, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ASX Release
Release of RfPatrol, First Customer Order Placed
DroneShield Ltd (ASX: DRO) (“DroneShield” or the “Company”) is pleased to announce the release of body-wrong drone detection product RfPatrol. Weighing under 1kg, the product is expected to be of significant interest to a range of DroneShield’s customer base globally, across military, law enforcement, security and VIP markets. Importantly, as RfPatrol is a completely passive (non-emitting) product, it substantially broadens the range of customers to whom the product is lawfully available. The product was developed in response to substantial customer interest.
DroneSHielf is also pleased to announce an immediate customer purchase order for a small quantity of RfPatrol units by the Department of Defence of a Western country. While the revenue from the order is not material, the order for evaluation towards a potential larger purchase order.
Read the full ASX announcement here.
About DroneShield (ASX: DRO)
Based in Sydney (Australia), Virginia and Washington DC (USA) and London (UK), DroneShield is a worldwide leader in drone security technology. The Company has developed pre-eminent drone security solutions that protect people, organisations and critical infrastructure from intrusion from drones. Its leadership brings world-class expertise in engineering and physics, combined with deep experience in defence, intelligence, and aerospace.
Company Updates
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds
While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Backed By Leading Investment Groups and Family Offices
