DroneShield Ltd (ASX:DRO) (“DroneShield" or the “Company”) is...

DroneShield Ltd (ASXRO) (“DroneShield" or the “Company”) is pleased to announce it has received
multiple first orders for its latest product, DroneSentry-XTM, an on-the-move C-UAS system. The orders
included both detection-only and detect-and-defeat variants, for North America and South East Asia regions.
Detection-only variant is purchased by customers who are legally restricted in their ability to defeat UAS.
The orders, with approximately $500,000 in proceeds, considered material by the Company, have been
received in the last week, are the initial trial purchases of the system, in two separate countries, in
anticipation of larger procurements. Additional follow up orders are currently being discussed, with the
amounts to be confirmed. The Company expects to receive the cash proceeds from these orders through
March, June and September quarters.

Oleg Vornik, DroneShield’s CEO, commented, “DroneSentry-XTM offers a truly unique capability for
directional awareness of asymmetric warfare vectors such as nefarious UAS used for reconnaissance and
payload delivery. With DroneShield’s expertise in waveform design, it provides a complete bubble of
surveillance around the deployed area. The devices utilise our unique AI-based RF software, also deployed
across our other platforms such as RfPatrolTM, RfZeroTM and DroneSentryTM. We look forward to delivering
these initial sales, and expanding to repeat sales, as we have recently done with our other products