Ann: DroneShield and Epirus Complete Integration, page-9

This is a great point.

It does give them exposure to the hard kill market, but perhaps not as hard a kill as current anti air. Epirus are likely working on a very different type of enemy, swarms that are well co-ordinated and likely programmed to work together in evasive manoeuvres. In this case absolutely one single expensive unit would be superior to several anti air guns, and probably less wasteful.

The partnership was always great, it’s what moved me to double down. But we still need to see the sales, and we did expect the partnership would result in this integration as it was already noted, hence the non price sensitive.