DroneShield shares rally following software update
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The news: DroneShield shares reversed earlier losses as they were up 8.09% to $6.55 at 4:00pm AEDT after the company announced a software update for sensor and effector technologies.
Over the past 12 months its shares have rocketed 385.19%.
DroneShield shares fall after fourth quarter AI software release announcement
The news: DroneShield shares fell in morning trade as the counterdrone company announced a software update for sensor and effector technologies.
The numbers: At 10:49am AEDT, shares in DroneShield were down 0.91% to $6.01 but were still up 88.71% over the last month and 701.33% in the year to date.
The context: Among the developments included in the software update are an expansion of the radio frequency emitter database for the RFAI-2 detection and tracking technology, new emitter-based disruption engine powered by DroneShield’s RFAI-AT technology and doubling the processing power for the drone detection and tracking platform DroneSentry-X Mk2.
All DroneShield sensors are also now compatible with SAPIENT, a counter unmanned aerial system open integration protocol.
What they said: “Five years ago, we recognised that counter-UAS is fundamentally a data-driven challenge. That is why we began building what we believe is now the world’s largest proprietary drone signal database," DroneShield chief product and technology officer Angus Bean said.
The source: ASX
