Terra Drone reverses early losses to post sharp gains after announcing strategic partnership with Malaysian defense firm
Terra Drone Corporation <278A> reversed early losses to trade sharply higher, buoyed by investor enthusiasm following a series of strategic announcements on Aug. 31.
Terra Drone announced a strategic collaboration with Malaysian defense firm DRB-HICOM Defence Technologies (DEFTECH) in defense and security. DEFTECH is the core defense arm of DRB-HICOM Group, one of Malaysia's largest conglomerates, playing a central role in domestic equipment production for the Malaysian armed forces. Under the partnership, Terra Drone aims to expand its unmanned aerial vehicle (UAV) solutions business across ASEAN using Malaysia as a regional base.
* Separately, Terra Drone revealed plans to develop a counter-unmanned aerial systems (C-UAS) solution to protect critical infrastructure - including oil and gas facilities and power plants - from drone intrusions and attacks. The news provided further support.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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