Government Business
PR Newswire | July 05, 2023
DroneShield Ltd has been awarded a follow-on 2-year R&D contract with a total value of $9.9 million by a Five Eyes Department of Defence (DoD). Approximately $4.5 million is due in the September and December 2023 quarters. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia and NZ.
The award follows DroneShield materially completing the $3.8 million contract announced 4 June 2021 with the DoD, with a final milestone payment expected this month.
Oleg Vornik, DroneShield's CEO, commented, "Follow-on contracts are the ultimate customer measure of our performance. As an Australian sovereign industrial capability business, DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer."
"This is the largest long-term contract received by DroneShield to date, significantly larger than the earlier, $3.8 million contract. The 2-year term locks in cash receipts over a period of time. Further larger contracts are anticipated following completion of this phase."
"In the current uncertain geopolitical environment, there is a significant focus by the Five Eyes Governments to procure from defence industrial capability champions within their network of countries. Having deep engineering and research capability, TRL9 products and a track record of working with Defence, places DroneShield in a favourable position for ongoing work."
Operational Update
Following a strong $7 million cash receipts 1Q23 quarter, DroneShield is on track for an all-time record 2Q23 quarter and continuing on a trajectory for another record year for cash receipts in 2023. Further detail will be provided in the next 4C quarterly, due to be released later in July.
Significant progress on manufacturing, operations and inventory scale-up to support additional anticipated orders for remainder of 2023. DroneShield is currently finalizing the location for a larger industrial site to move its Sydney operations to enable the growth.
With the $11 million contract announced in December now fully delivered and paid for, DroneShield is progressing the inventory build of the second $11 million order announced in January, expected to be delivered later this year.
Current order book (committed and binding customer purchase orders) of approximately $29 million, an all-time record.
Over $200 million qualified opportunities pipeline (in addition to the order book), across approximately 80 projects.
Ongoing record demand for counterdrone / C-UAS equipment, underscored by the events in Ukraine and increasing defence and security budgets globally.
In addition to military and intelligence communities, significant engagement with critical infrastructure plants, airports and other civilian customers.
About DroneShield Limited
DroneShield provides Artificial Intelligence powered platforms for protection against advanced threats such as drones and autonomous systems. We offer customers custom counterdrone (or counter-UAS) solutions and off-the-shelf products, designed to deliver highly effective capabilities for multiple missions and use cases. Our customers include military, government, law enforcement, critical infrastructure, and airports globally.
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Emerging Technology, Infrastructure
PR Newswire | July 13, 2023
Carbon management and accounting platform nZero will be tracking real-time 24/7 carbon-free electricity under the U.S. General Services Administration's (GSA) Green Proving Ground (GPG) program as part of the Federal Government's quest to decarbonize federal buildings. The government agency recently announced that, in collaboration with the U.S. Department of Energy, it will invest $30 million from the Inflation Reduction Act to increase the sustainability of federal buildings by testing novel technologies through the GPG program. This marks the first year GSA is integrating carbon tracking software. nZero will be supporting the Biden-Harris Administration's larger initiative to advance clean energy tech offerings and establish net-zero federal buildings.
"GSA serves as a standard for federal building development across the country, and our carbon management and emissions tracking will complement the agency's ongoing work toward achieving net-zero federal buildings," said Josh Griffin, Chief Policy Officer and Co-Founder at nZero. "The opportunity to work with GSA and the GPG program as one of the first carbon accounting software to be evaluated under this program is an honor. We look forward to working toward a common goal of decarbonizing the built world through more transparent and accurate greenhouse gas accounting."
The GPG program works to advance GSA's goals of achieving net-zero emissions in federal buildings and creating clean energy jobs by evaluating American-made, emerging and sustainable technologies to help increase the deployment of federal electric vehicle supply equipment, protect air quality, reduce climate pollution, and enhance building performance. The GPG program leverages GSA's real estate portfolio to assess innovative building technologies in real-world settings.
"nZero is playing an important role in the Green Proving Ground program, as the Federal Government drives further innovation and clean energy initiatives across the country," said Robin Carnahan, Administrator of GSA. "In furtherance of the Federal Government's mandate to track these emissions, nZero's participation in the program will help GSA evaluate accurate and efficient carbon accounting as we push toward our ongoing goal of net-zero federal buildings."
With the additional funds from the Inflation Reduction Act, GSA is able to increase its evaluation and investment in technologies that will benefit its real estate portfolio. nZero's role as a selected technology pertains to greenhouse gas accounting, one of the GPG program's seven technology areas of focus. The seven areas include: Greenhouse Gas Accounting, Electric Vehicle Supply Equipment, Germicidal Ultraviolet, Grid-Interactive Efficient Buildings, High-Performance, Onsite Renewables, and Window Retrofit.
About nZero
nZero is a real-time carbon accounting and management platform that collects, analyzes and produces emissions and insights data to help NGOs, government agencies and organizations accelerate their journey to net zero. nZero utilizes a proprietary carbon data model to capture and automate all emission points from an organizations' operational footprint at the highest granularity possible and provides 24/7 analysis of scope 1, 2 and 3 emissions. Unlike other offerings that rely on third-party data and opaque averages, nZero's accurate, first-party, contextual data helps clients understand changes hour-by-hour, access metrics to reach climate goals and reduce operational and capital costs. nZero's data is audit-ready and compliant with all reporting criteria, mitigating risk and ensuring that organizations are prepared for new rules, regulations, and financial reporting demands. nZero recognition includes the 2022 "Leader in Sustainability" Award from the Economic Development Authority of Western Nevada (EDAWN), the 2022 Sustainability Product of the Year Award from Business Intelligence Group, a TIME Magazine Best Inventions of 2022 recipient, as well as an honorable mention on Fast Company's 2022 World Changing Ideas List.
About GSA
GSA provides centralized procurement and shared services for the Federal Government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing approximately $75 billion in annual contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA's mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people.
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Emerging Technology
PR Newswire | July 21, 2023
FM:Systems, provider of the most scalable and intuitive all-in-one workplace management platform, announced today its FMS:Workplace solution has achieved the Federal Risk and Authorization Management Program's (FedRAMP) "In Process" designation.
FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies, like FM:Systems solutions. Through its sponsorship with the U.S. Department of Education, FM:Systems is working to reach full FedRAMP authorization for FMS:Workplace within one year.
"With the rise of remote and hybrid work, many organizations are looking for smart ways to optimize their real estate, reduce expenses, and deliver productive workplace experiences," said Kurt von Koch, CEO of FM:Systems. "Achieving the FedRAMP In Process designation for our FMS:Workplace solution allows federal clients to access our trusted workplace management suite of software solutions in a secure cloud environment so they can gain the data-backed insights needed to make strategic decisions about their real estate and workplace needs."
As a flexible, easy-to-use Integrated Workplace Management Solution, federal agencies can use FMS:Workplace to seamlessly manage, analyze, and report on facilities and real estate operations and maintenance (O&M) information all in a single system. The FMS:Workplace solution includes:
Space Management
Sustainability Management
Move Management
Maintenance Management
Strategic Scenario Planning
Real Estate Management
Asset Management
Project Management
"The increase of data breaches and phishing campaigns taking place across the U.S. and globally means it's critical for government agencies to take every step they can to safeguard sensitive information and data privacy," said the Chief Information Officer (CIO), of the U.S. Department of Education. "FM:Systems provides workplace management solutions that meet FedRAMP authorization requirements and federal cloud security standards."
FM:Systems workplace management solutions are used by over 150 government institutions, including 10 of the 15 federal government departments.
About FM:Systems
FM:Systems all-in-one workplace management platform helps more than 1,200 of the world's largest organizations access, manage, and measure every aspect of their real estate portfolio. With the most complete range of intuitive and scalable space management, hybrid work, workplace analytics and smart sensor solutions, our customers gain the data-backed clarity and vision necessary to make strategic real estate decisions and deliver high-performance workplaces today and long into the future. For more information about FM:Systems, please visit www.fmsystems.com.
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