Tonner Drones S.A. (ALTD.PA) develops drone-related technologies primarily for military, homeland security, and logistics applications; it holds stakes in promising French drone manufacturers including Diodon, Donecle, and Elistair (5-12% ownership), and pursues active asset management, patent licensing, and treasury investments to enhance shareholder value. The company offers core products such as Countbot, an autonomous inventory drone solution for reliable stock management in logistics; Inhibitor, a patented stabilization technology counteracting recoil effects post-firing to improve drone performance in defense scenarios (with patents in Europe, Australia, and pending in the US); Spotter Bot, a mobile video security system for construction sites, industrial areas, events, and traffic management; and legacy offerings like ISS Spotter Tethered and Automatic for surveillance. Tonner Drones provides civilian drone services for professional use targeting sectors including mining, events, tourism, building, public works, and security, operating in France, Belgium, Morocco, South Africa, Ghana, and Australia. Founded in 2011 and headquartered in Schiltigheim, France (with prior references to Cannes and Paris operations), the company, formerly Delta Drone S.A. until its name change in October 2023, maintains R&D in France without owning factories. Recent developments include accelerating Inhibitor commercialization through sales, licensing, or partnerships amid rising defense spending (March 2025); expanding treasury into cryptocurrency investments following a 2024 shareholder mandate, yielding positive H1 2025 results; advancing Countbot via product enhancements and pilot projects with international client interest; appointing new board members Jens Oud and Brice Augereau in June 2025 for scale-up and technical expertise; acquiring EUR 1.25 million in receivables from MyHotelMatch to explore strategic real estate and drone synergies (November 2025); and securing a private placement of 40 million warrants potentially raising EUR 1.12 million (November 2025).