DroneShield, a Counter-UAS company based in Sydney, Australia, has confirmed it has completed a $3.7 million share placement of 18.5 million fully paid ordinary shares with Epirus, a Counter-UAS company based in California.  The agreement between the two companies gives Epirus a 4.1 percent interest in DroneShield.

Epirus’ flagship product is the Leonidas Counter-Electronics system that utilizes solid-date, software-defined high-power microwave (HPM) technology that can be utilized for a wide range of use cases, to include Counter-UAS applications. The system capabilities include the precision to neutralize a single target, or disable multiple threats across a wide area.

It was reported earlier this year that Epirus had raised $200 million in Series C funding from 8VC, Bedrock, Broom Ventures and General Dynamics Land Systems, among others.  At the time of the announcement, the company’s valuation was reported at $1.35 billion.

DroneShield offers a variety of Counter-UAS detection and mitigation solutions for the defense, critical infrastructure, and law enforcement sectors, including the DroneGun MKIII, RfPatrol, and DroneSentry-X.

DroneShield DroneGun MKIII

The partnership between the two companies will combine the drone detection and radio frequency (RF) defeat technologies of DroneShield with Epirus’ “hard kill” technology that targets the electronic components of an unmanned aircraft system.

DroneShield CEO Oleg Vornik commented, “There are significant complementary areas between our companies, including combining DroneShield’s drone detection and soft defeat systems with Epirus’ hard defeat solutions.”

“Strengthening our partner ecosystem accelerates opportunities to field innovative solutions to areas with the most pressing needs,” noted Epirus CFO Ken Bedingfield.

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