DroneShield has opened a new headquarters site in Pyrmont, NSW. The facility includes a dedicated floor for high-tech R&D, engineering and manufacturing to fulfil orders from government, defence and commercial customers in 70 countries.
The expansion was funded by the company's recent US$115m capital raise. The new headquarters enable the company to expedite the build-up of inventory to support strong demand from high-quality customer opportunities. This includes a pipeline of over US$500m with more than 90 qualified projects at different stages and US$27m in orders currently being fulfilled.
"The threats that drones can pose are finally being taken seriously,” said Oleg Vornik, CEO at DroneShield.
“Whether it’s due to the turmoil they can cause on the battlefield, or the countless ways they can disrupt everyday life – at airports, prisons and public events, for example – drone deterrence is now a priority for government agencies and authorities, in Australia and abroad."
The 2,000 square metre facility, with additional space available for expansion currently under discussion, is also equipped for further growth amid soaring demand across military and commercial applications, including airports, stadiums and events.
This includes the scaling of DroneShield’s high-tech engineering and operations teams, with 40 employees to be added in the short term as the company accelerates development of fully sovereign, in-house artificial intelligence (AI) and machine learning (ML) engines and capabilities for enhanced detection and identification of and response to drone threats.