DroneShield Limited (ASX:DRO) Broker Research Note Released by Patersons Securities
Sydney, Nov 9, 2016 AEST (ABN Newswire) - DroneShield Limited (
ASX:DRO) had a broker research note released today by Patersons Securities, re-affirming the buy rating on the stock with price target of 77c. The stock is currently trading at 20c.
DroneShield works with clients such as prisons, law enforcement, airports, VIPs and event organisers, to protect against the threat of consumer and commercial drones. The company has successfully listed on ASX in June.
The note highlights expectations of a near term major company catalyst through addition of a drone jammer device. The report also includes a summary from a recent successful technology demo day, and summarises key developments since the listing and Patersons' opinion on new steps for the company.
Drones have become a major threat to safety, security and privacy in recent years, with a major incident involving a drone such as act of terrorism or bringing down an airplane viewed to be a matter of time.
The research report is available on DroneShield's website at the following link:
https://www.droneshield.com/sites/default/files/DRO%20Note%20091116.pdf
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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