DroneShield Ltd (ASX:DRO) has delivered all Contractual elements of the Artificial Intelligence Computer Vision System (ACVS) programme to the Australian Department of Defence under the Phase 2 Defence Innovation Hub programme.
The contract value is approximately $800,000. The contract amount has been fully received by DroneShield through milestone progress payments, made up to the end of 2022.
The programme has resulted in significant improvements to DroneShield’s optical/thermal AI DroneOptID engine, as well as development of a ground-breaking multi-Sensor Fusion Artificial Intelligence (SFAI) engine that is expected to be a core part of DroneShield’s Command-and- Control system DroneSentry-C2 in 2023.
After the final demonstration to a wide variety of Defence stakeholders, DroneShield CTO Angus Bean said it is clear that the multi-sensor fusion system created by DroneShield is truly unique on a global scale.
“The algorithms and architecture being used are producing excellent user outcomes, without the ‘server-farm’ levels of compute-power that similar systems require. The SFAI system represents a significant step-change in our C2 capability”.
DroneShield CEO, Oleg Vornik, said the Australian Government’s Defence Innovation Hub funding and project support has been critical in accelerating this technology and making it a reality.
“Development of sovereign industry capability is a key stated priority of the Australian Government. The Defence Innovation Hub is driving this commitment by supporting Australian companies to build real sovereign capability in Australia, by Australians.”
