How to buy shares in Nightingale Intelligent Systems
Silicon Valley drone company looking to Australia to power its future growth.
Nightingale Intelligent Systems
18 November 2022
Nightingale Intelligent Systems has launched on the ASX following a $6m capital raise led by Novus Capital.
Nightingale was founded by Silicon Valley tech veterans Jack Wu and John Hsu and utilises advanced robotics and AI to provide robotic aerial security.
Basically, Nightingale drones respond to threats whenever an alarm is triggered, allowing security teams to watch events unfold via live video. The technology is said to have applications across solar farms, critical infrastructure, border patrol and even fire and oil spills.
During a major event, like an oil spill or chemical leak, the drones can be manually dispatched to monitor events on the ground. Plus they can autonomously patrol areas of interest around the facility and only send out alerts when intruders are detected.
The eight-year-old business has 17 customers across eight countries, including the U.S. Air Force and Snowy Hydro. Most recently it signed chemicals giant Lyondell Basel and EV manufacturer Lucid Motors to its robot-as-a-service model.
Nightingale has managed to grow revenue from $1.36m in 2019 to $2.81m in the 2021 financial year, according to its IPO prospectus.
The company will use the funds raised by the IPO to boost its sales and marketing capabilities as it looks to build a sustainable company for its customers.
Nightingale Intelligent Systems is available to trade on Stake under the ticker $NGL.