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DroneShield has announced plans to expand into Latin America where it believes its products can be used to nullify UAVs used for smuggling.
The firm, based in Sydney and listed on the ASX, manufactures huge gun-like products that can detect and jam enemy drones.
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“Recent incidents highlight the pressing need for advanced counterdrone measures in Latin America,” DroneShield said.
“In Mexico, drones are increasingly used by cartels for surveillance and smuggling, complicating law enforcement efforts.
“In Colombia, drones loaded with explosives have been reported, escalating regional security concerns.
“DroneShield’s expansion into the region is a direct response to these challenges, ensuring local communities have access to the technology needed to address these threats and enhance safety.”
This expansion follows DroneShield’s recent establishment of a European team as well as on the ground presence in the United Arab Emirates and the United States.
The company is now Australia’s largest publicly listed defence company and has 27,000 shareholders representing a $1 billion market capitalisation.
Speaking ahead of Land Forces in Melbourne earlier this year, Oleg Vornik, DroneShield’s CEO, said that as the risk of autonomous systems continues to grow, it is important to develop local counter unmanned aerial system (CUAS) solutions.
“As the counter-drone threats continue to proliferate, DroneShield is proud to be an Australian homegrown AIC champion, and an emerging prime in this area, delivering capability to our government customers around the world on time and on budget, and supporting a wide array of local Australian businesses in their own growth, while delivering returns to our substantial Australian small shareholder base.”
The commitment comes as DroneShield opens its new headquarters in Pyrmont, committing to triple its research and development and manufacturing capacity to $400 million annually.
