Nightingale Intelligent Systems (ASX:NGL) has signed an exclusive five-year distribution deal for its AI-equipped security drones in Australia and New Zealand with Arvensys Group.
The drones are designed to provide enterprise and public sector clients with advanced security solutions for protecting assets and security incident response.
Arvensys must make an upfront payment to Nightingale of $1.1M for seven complete product systems and another seven systems each year with an aggregate value of $1.1m.
Nightingale says it will also generate recurring revenue from maintenance, repair and upgrade services.