Teaming Agreement with Thales
ASX Announcement 11 December 2018
DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”), a worldwide leader in counterdrone solutions, is pleased to announce that it has entered into a Teaming Agreement (the “Agreement”) with Thales Programas De Electronica Y Comunicaciones S.A.U. (“Thales”) (a Spanish subsidiary of Thales S.A.), whereby Thales will utilise and promote DroneShield’s products in its defence and security contract bids in Spain involving counterdrone aspects.
Thales S.A. (ENXTPA:HO) is one of the largest defence companies globally, with 65,000 employees, operations in 56 countries and a market capitalisation of approximately €15.8 billion. Thales in Spain combines its technology with the experience of 1,200 professionals distributed in 11 work centers in Spain, one in Turkey and one in Egypt.
Oleg Vornik, DroneShield’s Chief Executive Officer, commented, “Over the course of the recent year, we have made substantial progress with advancing our market penetration in NATO countries and in Spain in particular. This partnership with Thales builds on the work we have undertaken and couples it with Thales’ extensive market penetration in Spain, as well as it long-established brand and reputation in this market, in order to achieve a multiplier effect on our and Thales’ counterdrone efforts.”
About DroneShield Limited
Based in Sydney, Australia and Virginia, USA, 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.
Teaming Agreement with Kuwait’s Zain Group
ASX Announcement 6 December 2018
Sydney, Australia - DroneShield Ltd (the “Company” or “DroneShield”), a leader in the emerging industry of drone security solutions, is pleased to announce that Zain Group (“Zain”) and DroneShield have entered into a Teaming Agreement.
Zain Group (KWSE:ZAIN) is a leading Middle Eastern mobile and data services operator headquartered in Kuwait, with substantial operations across a number of Middle Eastern countries, a workforce of over 6,000, over 47 million active individual, business and governmental customers, and a market capitalisation of approximately US$7 billion.
A copy of a joint statement by Zain and DroneShield is enclosed below.
Zain Drone partners with worldwide leader DroneShield, to offer counterdrone solutions across the Middle East
- Bader Al-Kharafi: “Civil infrastructure operators, airports, governmental bodies and security agencies, and others will benefit from counterdrone security solutions.”
- Agreement follows the recent launch of Zain Drone services in Kuwait
Sydney, Australia and Kuwait City, Kuwait, December 5, 2018
Zain Group (“Zain”), a leading Middle Eastern mobile and data services operator headquartered in Kuwait has entered into a Teaming Agreement with DroneShield Ltd (ASX:DRO) (“DroneShield”), a worldwide leader in counterdrone solutions, which will see the companies working together on meeting Zain’s customers’ requirements for counterdrone security solutions in the region.
In October 2018, Zain Group announced the establishment of its Zain Drone entity that will provide Drone-asa-Service (DaaS) to governments and enterprises in Kuwait, with plans to extend its drone services gradually across its regional footprint. Zain Drone is set to unlock opportunities in various industries to fast-track growth and exploit the Internet of Things (IoT) in an efficient, safer and faster way.
Based in Sydney, Australia, and Virginia, USA, DroneShield is a worldwide leader in drone security technology. The Company has developed the pre-eminent drone security solution that protects 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.
Bader Al Kharafi, Zain Vice Chairman and Group CEO commented, “The rise of innovative technology such as Drones also brings a number of risk and liability challenges for governments and industry. Zain has a substantial market penetration in the region with precisely the kind of customers – civil infrastructure operators, airports, governmental bodies and security agencies, and others – that require counterdrone security solutions.”
Al Kharafi added, “We are fielding increasing demand from our customers for comprehensive solutions in this space, and DroneShield’s product range, coupled with our telecommunications expertise, provides exactly what our customers are looking for. Consequently, after an extensive review of the counterdrone market, we opted to enter into a Teaming Agreement with DroneShield.”
Al Kharafi concluded by stating, “As a powerful trusted brand in the Middle East, we are confident that a combination of DroneShield’s cutting edge technologies coupled with our reputation for excellence and market penetration in the region will produce substantial results for both companies.”
Oleg Vornik, DroneShield’s Chief Executive Officer, commented, “Our recent substantial order for use by a Middle Eastern governmental body has paved the way for a broader effort in the Middle East, and has now established us as the leader in counter unmanned aerial systems space in the region. We are now honored to partner with one of the largest telecoms in the Middle East, whose customer reach in the areas relevant to our business is substantially more extensive than that of any of our past regional relationships.”
Image: DroneShield deployed at the 2018 Olympic Games
Zain Drone has commenced its commercial offering of DroneShield security solutions providing customers with the ability to identify and passively monitor unauthorized drones that threaten safety, security and privacy. This is achieved by using a combination of proprietary multi-sensor detection technologies, an enterprise-grade network, real-time alerts and the collection of digital evidence.
Order for DroneGunsTM for Western Governmental Agency
ASX Announcement 16 October 2018
DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is pleased to announce that its distributor CDS has purchased two units of its DroneGunTM product, for use by a governmental agency of a major Western country allied with the United States, to be deployed by the agency for drone threat mitigation.
Oleg Vornik, DroneShield’s CEO, commented “While financially the revenue from this order to the overall DroneShield business is immaterial, this is now our third order for use by a major country in two weeks, following the orders placed by our distributors with us for their Latin American and Asian governmental endusers earlier this month. This order also follows a recent $3.2 million order for DroneGunsTM for use by a Middle Eastern Ministry of Defence, which was approved by the US regulator approximately three weeks ago. We feel that our global distribution network and marketing build-out efforts of the recent year and a half have started to pay off, and our sales and adoption momentum is gaining substantial traction. We look forward to updating the market as further sales “dominoes” fall in the coming weeks and months.”
ABOUT DRONESHIELD
Based in Sydney and Virginia, DroneShield is a worldwide leader in drone detection and disruption technology. The Company has developed multilayered pre-eminent drone detection and disruption 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. DroneShield designs detection and countermeasure systems that use highly specialised technology to achieve levels of precision and sensitivity that are not possible with other methods.
“WE DESIGN DETECTION AND DISRUPTION SYSTEMS THAT USE HIGHLY SPECIALIZED TECHNOLOGY TO ACHIEVE LEVELS OF PRECISION AND SENSITIVITY THAT ARE NOT POSSIBLE WITH OTHER METHODS
DroneShield responds to the growing use of consumer drones for unethical purposes, and the resulting need for effective countermeasures to drone intrusions. We developed our products with the belief that comprehensive drone protection involves detection and disruption. With DroneShield, we aim to help public and private sector customers take proactive measures against airborne threats to safety, security, and privacy.
