D13 invited to join high profile US-based EDGE Innovation Network

Published at Aug 8, 2016, in Technology

Positive news flow continues to emerge from Department 13 International (ASX:D13) with the company announcing on Monday morning that it had joined the EDGE Innovation Network, a collaborative, open environment initiative enabling industry and academia, with government input, to work together to enhance the delivery cycle of new technologies and innovative capabilities to military personnel, law enforcement and first responders.

This development could provide opportunities for the development and distribution of Department 13’s products, and with the group currently having 11 patents and 14 patents applications in the development of wireless protocol manipulation and communication networking software, aligning with the EDGE Innovation Network is both timely and strategically beneficial.

Chief executive, Jonathan Hunter, highlighted the significance of this development in saying that the invitation to join the EDGE Innovation Network validated the group’s position as the world’s leading counter drone technology company.

With regards to its role within the EDGE network, D13 will be involved with the deployment of MESMER, the world’s first effective and proven counter drone solution technology which should become commercially available in December 2016.

This technology detects, identifies, tracks and mitigates hostile and nuisance drones within the National Security and Public Safety community.

Management reported that there was already strong demand from national governments, security and military agencies and leading infrastructure organisations for the product.

Following a recent $6.5 million capital raising, Department 13 is well-placed to accelerate the commercial release of Mesmer Counter Drone Systems.

While the company’s shares retraced slightly after the capital raising, this morning’s high of 13 cents, representing an increase of 4% compared with Friday’s closing price, which now sees Department 13 trading ahead of the placement price of 12.5 cents.

Prices are subject to fluctuation and investors should take a cautious approach to any investment decision in this stock and seek professional financial advice.

While one can’t accurately predict whether post-placement selling has washed through and assess with any certainty whether this is the start of a rebound, investors who participated in the share placement should be encouraged by both this morning’s news and the positive share price momentum.

Where to invest $1,000 right now

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!