Advanced Security sees $100 mln opportunity in automated drone spin-off

Paul McBeth
Mon, 16 Nov 2015

By Paul McBeth Nov. 17 (BusinessDesk) - Advanced Security Group, which integrates electronic security systems, is planning to build a $100 million revenue company in the next five years with the launch of automated drone surveillance. Auckland-based Advanced Security's sister company ASG E-Guard has received Civil Aviation Authority authorisation and has a patent application on software for a security system with a drone that can be dispatched automatically to a customer's site to investigate alarms and other alerts, in what chief executi...
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.