Droneshield now available on the Amazon of US Government.
- Phil Carey
- Jul 28, 2019
- 2 min read
Updated: Jun 15, 2020
If you ever wanted proof that stock markets swing from one extreme to another, you only need to look at how things have changed over the last 12 months in the disruptive technology space.
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Since I began a year ago I have noticed a sharp contrast in how investors and punters react to news and Droneshield is a good example.
Droneshield (ASX:DRO), which I bought after it posted its first significant sale several weeks ago, announced this week, that all its products are now on the US Government's equivalent of Amazon - the Government Services Administration Advantage purchasing portal.
This means that all Droneshield's detection and mitigation technology can be purchased, with a guaranteed, pre-negotiated best-price, by any Federal, State or local US government body.
They can do this in the knowledge that it has been through all the red tape hurdles of government, including haggling.
If that announcement had been made 12 months ago, I wager the share price would have gone up significantly. Instead it hardly caused a ripple.
Investors and punters seem to have adopted a hard nose"show us the money" mentality. This is not a bad thing.
Of course there are exceptions to this, but this shift has seen some of the most promising tech companies, suffer a slow decline in price.
We caught up with CEO of Droneshield, Oleg Vornik, to disucss market reaction to the GSA announcement and to put the significance of their inclusion in a little more context.
We do not recommend or advise to buy or sell shares in Droneshield. The InsideMarket Private Fund does not own shares in Droneshield at this time and we have not received any payment from the company for this coverage. Shares like this should be considered very speculative, high-risk, and very volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.


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