DroneShield Ltd (ASX:DRO) Paraguay Government Tender - U.S. Government Regulator Approval

DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) ("DroneShield" or the "Company") advised the market that it had won a Paraguay Government tender involving a purchase of a test unit for evaluation by the Paraguyan Ministry of National Defense. The announcement stated that the Company's ability to fulfil the order was subject to approval by the relevant U.S. regulator, and that there were no guarantees that the approval for that particular order would be granted. The Company is pleased to advise that the relevant approval has now been granted.

For clarity, only some of the Company's potential orders require such approval since sales of some of the Company's products do not require regulatory approval, and sales the Company's restricted products to a number of countries allied with the United States do not require such approval.

This is the Company's first South American order, and it comes amongst an acceleration in drone-related security accidents in the region, including the recent incidents such as a shut down of the Sao Paolo Congonhas airport in Brazil due to a drone scare, and a drone striking a passenger airliner in Argentina.

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About DroneShield Ltd

DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) is an Australian publicly listed company with its head office in Sydney and teams in the US and UK. We specialise in RF sensing, Artificial Intelligence and Machine Learning, Sensor Fusion, Electronic Warfare, Rapid Prototyping and MIL-SPEC manufacturing.

Our capabilities are used to protect Military, Government, Law Enforcement, Critical Infrastructure, Commercial and VIPs throughout the world.

Through our team of primarily Australian based engineers - we offer customers bespoke solutions and off-the-shelf products designed to suit a variety of terrestrial, maritime or airborne platforms.

DroneShield is proudly exporting Australian capability to customers throughout the world and supporting Australia's defence, national security and other organisations protect people, critical infrastructure and vital assets.

     

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