It's all starting. Media reports coming in from all different directions.
The announcement today adds validity to our product and IMO is an absolute company maker.
Here is a couple of News Articles to get you all excited.
http://www.copyright link/technology/counterdrone-company-department-13-scores-raytheon-partnership-20180108-h0f3bw
Chief executive Johnathan Hunter said "the partnership with Raytheon would give the company immediate validity and help it close new deals"
"Validation in the global market"
"Hunter, who is the largest shareholder in Department 13 with a 7.94 per cent stake, would not reveal how much revenue could be expected from the partnership, but said 2018 would be a much bigger year than 2017."
016 Raytheon recorded $24 billion in sales and the business has a 95-year-old history in defence, civil government and cybersecurity solutions.
"The big goal for us this year is to keep expanding the relationship with Raytheon and push their sales and marketing apparatus," Mr Hunter said. "The other thing too is we want to put our software onto other hardware platforms ... and because our IP portfolio is extensive we could have licensing opportunities."
&
https://www.finnewsnetwork.com.au/archives/finance_news_network168352.html
The companies will work on counter-drone technologies that defend against growing threats that target US and allied forces, according to Raytheon Intelligence, Information and Services program director Bob Busey.
&
https://*********.com.au/department-13-military-raytheon-mesmer-develop-technologies/
“Raytheon’s strong ties to key customers globally, combined with its quality controls and assurance, will add a great amount of depth and breadth to our MESMER development efforts,” he added.
Broker Research reports
Noble Capital Markets on 26/9/17
- Issued a Buy rating with a target price of .310 (almost 200% upside from current levels)
https://department13.com/wp-content/uploads/2017/09/D13-2017.9.26.pdf
Henslow on 27/9/17
"D13 has only recently made its initial sales. The volume of sales is critical to the success of D13. It has already held many evaluations, with potential customers and should these convert to orders, it stands to be re-rated"
https://department13.com/wp-content/uploads/2017/09/D13-Initiation-270917-final.pdf
These broker targets were before any of the announcements and updates posted below
Patents, agreements signed, sales and updates, partnerships.... Validation! The last 2 being absolutely huge. Japanese distribution agreement and now signing with Raytheon to further develop the MESMER technology. A company with a 55 Billion Dollar Market Cap and annual revenue in excess of 20 Billion Dollars. Companies like these don't sign up something that doesn't raise their eyebrows. We have something special. Imagine the broker research reports now! price targets would be further north IMO.
Short term targets around .170-.180 look very achievable on the back of these announcements and global scaling can see this company much further north of those figures.
Very, very exciting times for this company. Hold on tight and enjoy the ride.
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