The Board of DroneShield Ltd. advised that, following a Group-wide review of the strategic opportunities for the commercialization of the company's proprietary drone detection and countermeasure technologies, the Company has taken a decision to refocus is marketing, sales and business development efforts on the rapidly growing government, commercial, and civil infrastructure drone security markets outside of Australia, with a particular attention toward the United States. As a result, the company's Sydney-based Managing Director, James Walker, will step down from his position effective immediately. Mr. Walker will continue to assist the Company over the coming months as a Senior Adviser and will assist with the transitioning of the relationships and near-term business development and sales opportunities managed by him to date, to the rest of the Company's management team. Peter James, the Company's Chairman, will assume the role of Interim Executive Chairman, pending the appointment of a new CEO. He is supported by the senior team built up by the Company since its IPO, including the senior business development and senior product development staff in Australia and the US.