Almost every night dozens of Russian missiles and drones are now targeting Ukrainian cities and power plants. While the Ukrainians need expensive missiles of the Western Patriot or Iris-T systems against missiles, which are starting to become scarce, much cheaper defense in the form of various types of anti-drone machine guns or rapid-fire cannons is sufficient against drones.
Electro Optic Systems Holdings Limited (EOS) is pleased to announce leadership appointments to drive our global expansion. Christian Tobergte has been appointed to lead EOS Defence Systems International. Ian Cook has been appointed to lead the growth of EOS Defence Systems in Australia and Clive Cuthell has been appointed Chief Operating Officer, in addition to his role as Chief Financial Officer.
Electro Optic Systems (EOS) and the Robotic and Autonomous Systems Implementation & Coordination Office (RICO) have reached a significant milestone in their collaboration, demonstrating the advanced long-range firing capabilities and precision of EOS' R400 remote weapon system (RWS).
Electro Optic Systems Holdings Limited (ASX: EOS) (EOS or Company) is pleased to announce that it has successfully completed its A$35 million fully underwritten placement (Placement) of approximately 20,588,235 new fully paid ordinary shares (New Shares) to eligible institutional investors at a price of A$1.70 per New Share (Placement Price).
Milrem Robotics has successfully concluded its participation in the US Army Expeditionary Warrior Experiment (AEWE). EOS' R400 remote weapon was seen in action on the THeMIS Combat UGV.
Our European partner Diehl Defence had a very successful show presenting their TERRIER system featuring EOS' Slinger counter-drone system.
Installed on the roof of the ACS Armoured Car Systems ENOK AB (Airborne) platform, Slinger was equipped with the Dillon Aero MG6 M134D and the Echodyne Echoguard radar offering a modular solution to drone defence.
Electro Optic Systems Holdings has released its 2023 financial results, showcasing a record revenue of $219.3m and a positive EBITDA of $5.7m. The company's growth in Europe and focus on counter-drone technologies highlight its strong market position.
Electro Optic Systems Holdings Limited announced that it has finalised its debt facility amendment agreement with its lender Washington H. Soul Pattinson and Company Limited.
EOS Defence Systems has entered into a Memorandum of Understanding with UAE-based Shielders Advanced Industries, a specialist in metal processing, profiling, and fabrication, to manufacture the lightweight R150 remote weapon system, with an emphasis on using local capabilities and a strong UAE sovereign supply chain.
EOS Defence Systems has been selected as one of the 15 'innovators' to participate in the Canadian Innovation for Defence Excellence and Security (IDEaS), Counter Uncrewed Aerial Systems Sandbox 2024. The event takes place taking place in in Suffield, Alberta, from 27 May to 21 June 2024.
