In an ASX announcement DroneShield has announced it has received an R&D contract related to its Artificial Intelligence / Machine Learning (“AI/ML”) algorithms from a defence department of a Five Eyes country (a signals intelligence alliance between countries comprising of the US, Canada, Australia, UK and New Zealand).
The order is for approximately $600,000, with the performance period through to mid 2021. The contract covers broader defence applications within the AI/ML space, and is unrelated to the C-UAS/counterdrone sector.
Oleg Vornik, DroneShield’s CEO, has commented, “This ground-breaking contract expands DroneShield beyond being a pioneer and global leader in the C-UAS domain, and into the Artificial Intelligence / Machine Learning space within the defence sector. The contract leverages off the cutting edge AI capabilities that DroneShield has developed within its C-UAS products, applying it to wider defence applications. Further, this contract creates a trusted dialogue with this specific high profile defence customer, allowing us to more deeply understand their requirements and provide them with solutions to address their needs.”