Share

How to buy shares in Nightingale Intelligent Systems

Silicon Valley drone company looking to Australia to power its future growth.

Name

Ticker

Listing

Capital Raised

Nightingale Intelligent Systems

$NGL

18 November 2022

$6m

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


Don’t have Stake?

Get $10 when you fund Stake AUS, a free US stock when you fund Stake Wall St. Do both, get both!

Terms & Conditions.


Related


Stake logo
Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2022 Stake. All rights reserved.