Australia Markets close in 4 hrs 28 mins

DroneShield Ltd (ASX:DRO) Order for DroneGuns for Western Governmental Agency

Sydney, Australia, Oct 16, 2018 - (ABN Newswire) - DroneShield Ltd (ASX:DRO.AX - News) (OTCMKTS:DRSHF - News) ("DroneShield" or the "Company") is pleased to announce that its distributor CDS has purchased two units of its DroneGun(TM) 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 DroneGuns(TM) 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."

To view figures, please visit:
http://abnnewswire.net/lnk/04YJIZ91


About DroneShield Ltd:

Based in Sydney, Australia and Virginia, USA, DroneShield Ltd (ASX:DRO.AX - News) (OTCMKTS:DRSHF - News) 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.

Contact:

Oleg Vornik CEO and Managing Director Email: oleg.vornik@droneshield.com Tel: +61-2-9995-7280

Source:

DroneShield Ltd

Copyright (C) 2018 ABN Newswire. All rights reserved.