ASX: DRO – The story around patent

DroneShield Ltd (ASX: DRO) has provided some highlights as of July 17, 2018. The group has been awarded by the United States Patent and Trademark office an additional patent that relates to developments in the acoustic detection of drones.

DroneShield’s Chairman, Peter James commented: “DroneShield continues to protect their position in the sector by executing on the patent strategy in the critical areas of the business, as they seek to lead the counter drone space globally, as evidence by the recent record order for $3.2m of their counter drone equipment for use by a major Middle Eastern Ministry of Defense.”

As the vesting milestones in relation to the performance shares were not achieved prior to the expiry date the company has advised that all its 15,00,000 class A performance shares in the company have expired.

DroneShield is a leader across the world in drone security technology. The stock of DroneShield Limited is currently trading at a market price of $0.195 and has seen a daily price change of $0.005 or a percentage change of 2.632% on July 17, 2018, 3:30 pm AEST. The stock has also seen a performance change or a decline of -17.39% over the past 12 months.

 


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