Skylock Systems

growth-positive

Skylock, a company specializing in drone defense systems, has announced its financial results for 2024 in preparation for a reverse merger with Technoplus Ventures, a publicly traded company. Skylock and its subsidiary, Bisens, reported combined revenues of approximately 22.3 million USD for 2024 and expect revenues of 131 million shekels in 2025. The merger is subject to shareholder approval and technical conditions, reflecting a valuation of 115 million shekels for the merged entity. Skylocks systems use AI algorithms to detect and intercept unauthorized drones, providing protection for airports, military bases, and other critical infrastructure. The merger is seen as a positive step for Skylock, with expected growth in the defense sector.

growth-positive

Skylock, a drone interception company part of the Avnon Group, is merging with the Tel Aviv Stock Exchange shell company Technoplus Ventures at a valuation of 70 million shekels (approximately $19 million). The Avnon Group will hold 70% of the merged company, which will have a total valuation of NIS 100 million. Skylocks projected revenue for 2024 is $15 million, with an expected profit on the bottom line. Earlier this year, Skylock sold its subsidiary MyDefense to the Bridgepoint fund for NIS 480 million. Technoplus Ventures was initially set to merge with Arkia Airlines, but that deal fell through.

growth-positive

Israeli company SKYLOCK, part of the Avnon Group, is developing personal anti-drone systems. The Israeli army and police are considering purchasing these systems. The wearable system, weighing only 1.5 kilograms, has already been sold to the U.S. Army and NATO forces. It includes a drone detector and an anti-drone jammer, capable of neutralizing any drone within one kilometer. The system is priced at $50,000. SKYLOCKs device is meant for mobile forces and offers a more lightweight and mobile solution compared to existing anti-drone products.

growth-positive

Thailands navy has acquired a counter-drone system from Skylock Systems Ltd. The financial details of the agreement were not disclosed, but the deal is valued at NIS 15 million ($4.29 million). The system will be delivered within the next eight months and is designed to protect naval ports with an operating range of 10 kilometers. Skylock Systems Ltd. is an Israeli company founded in 2018. Thailand has previously used a short-range drone defense system developed by Israeli arms manufacturer IMI Systems Ltd.

growth-positive

Skylock, an Israeli anti-drone system specialist, is exploring opportunities in India to sell its systems for securing Indian airports from unauthorized drones.

growth-positive

The article discusses Skylock, an Israeli defense company that has developed an anti-drone system. The system is designed to track, jam, and potentially destroy drones that pose a threat. The article highlights the growing drone threat faced by Israel and the need for effective countermeasures. Skylocks system is praised for its simplicity, mobility, and flexibility. It can detect and track multiple targets simultaneously and has the ability to jam drones on multiple bandwidths. The article mentions that Skylocks system is already being sold and operated, with three Asian nations deploying the technology. However, there are still limitations to the systems takedown ability, particularly in the case of a coordinated drone attack. The article also raises concerns about Israels lax regulatory scheme regarding drone usage by its citizens.