SYDNEY, July 18 (Xinhua) -- Shares in Aussie listed DroneShield rallied on Monday after the drone detection company said it was seeking to become a defence industry player.
U.S. headquartered, but Australian listed DroneShield has developed pre-emanate drone detection technology to protect people, organisations and critical infrastructure from intrusions.
In filing ASX on Monday prior to the local earnings season, the recently floated company said it wanted to become a defence, or a civil defence industry player, an electronics detection manufacturer and a larger distributor, sending shares soaring 11 percent in early trade.
The company develops sensors and software to acoustically detect drones, a capability which will become increasingly necessary with an estimated 12 million commercial drones expected to be in use by 2020, creating issues not just of civil society, but the security apparatus worldwide.
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