EOS has acquired all of the Interceptor assets from MARSS and employ the expert team of specialised engineers that created this product to continue its development. 

The initial investment of ~$10m will be funded from EOS’ existing cash reserves. It is expected that there will be no material impact on near-term financial results. 

The acquisition is consistent with EOS’ stated strategic intent of expanding its counter-drone capability and offers several strategic benefits.

The BDO Deal Advisory teams have perfomed the Financial Due Diligence and Cash Forecast analysis.