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DroneShield Completes $40 million Capital Raise with Substantial Investor Support

DroneShield Completes $40 million Capital Raise with Substantial Investor Support
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DroneShield Announces A Second $11 million Sale, Strong Momentum into 2023

SYDNEY, Jan. 10, 2023 /PRNewswire/ DroneShield Ltd (ASX:DRO) (DroneShield or the Company) is pleased to advise a second record $11 million sale to a Government customer within a month of its first $11 million order, as counterdrone industry continues to rapidly grow and defence and security budgets rise with an increasing uncertainty globally, underscored by the Ukraine war. This performance has continued a strong of record years for the business since its listing in 2016. 2022 and early 2023 has seen a number of milestones for DroneShield, including: - Record $11 million orderreceived in December followed by another $11 million order from a different Government customer - Recommendation by the Joint Counter-small Unmanned Aircraft Systems Office(JCO) as part of the SAIC Team's offering for deployment of its Counter-UAS as a Service across US Department of Defense nationwide across the US, expected to commence this year - SBIR project awarded by US DoD with partner Quantum Resear

DroneShield Announces A Second $11 million Sale, Strong Momentum into 2023

SYDNEY, Jan. 10, 2023 /PRNewswire/ DroneShield Ltd (ASX:DRO) (DroneShield or the Company) is pleased to advise a second record $11 million sale to a Government customer within a month of its first $11 million order, as counterdrone industry continues to rapidly grow and defence and security budgets rise with an increasing uncertainty globally, underscored by the Ukraine war. This performance has continued a strong of record years for the business since its listing in 2016. 2022 and early 2023 has seen a number of milestones for DroneShield, including: - Record $11 million orderreceived in December followed by another $11 million order from a different Government customer - Recommendation by the Joint Counter-small Unmanned Aircraft Systems Office(JCO) as part of the SAIC Team's offering for deployment of its Counter-UAS as a Service across US Department of Defense nationwide across the US, expected to commence this year - SBIR project awarded by US DoD with partner Quantum Resear

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