Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-509

EOS (founded in the 1980s) suffered Management failure and were forced to restructure in 2022. They have a new Board Chair, CEO, CFO (quite major changes). They were forced to liquidate some of their businesses in order to cut costs. Now, they seem to be on the up, benefiting from new management and the war situation. 2023 was their best year ever for revenue (over $200million), and that has helped them to start making payments of what is said to be some very expensive debts.
They have powerful technology, including space technologies, laser, etc. They have anti-drone equipment that is approved by many including the US army and has been used against Shaheed drones in Ukraine (kinetic or hard kill: they destroy drones by shooting them down using a gun or using laser to destroy parts of the drone and cause it to fail). They have some really powerful technology.

DRO is younger (8 years old). Their antidrone systems appear more multi-use (they can sell to Olympics sites, airports, schools, as well as to the war front). They will sell well.

I prefer and am more invested in DRO. I have a small position in EOS as well.

DRO seems to be more stable at the moment, and I think, the small drones market will continue to grow, whether in peace or in war, and as such, the anti small drones market should grow as well. EOS is looking up as well, but I have some lingering worries about their having failed quite recently. Although the manner of their restructure is encouraging. Thats my current view!