Mobilicom Stock Price, News & Analysis

Mobilicom Limited has announced a strategic partnership with Mistral Inc. to enhance its market presence within the U.S. defense industry. This collaboration aims to integrate Mobilicom's advanced cybersecurity and robust solutions for drones and robotics into U.S. Department of Defense (DOD) requisitions. The U.S. DOD is projected to spend $2.6 billion on uncrewed systems in 2023, with a significant focus on aerial drones. Mobilicom believes this partnership will expand its revenue streams and facilitate access to government contracts, leveraging Mistral's extensive experience and relationships within military procurement processes.

Shoham, Israel, Feb. 06, 2023 – Mobilicom Limited (NASDAQ: MOB, MOBBW) has joined the AUVSI Cybersecurity Working Group, contributing to the development of cybersecurity standards for uncrewed systems. The group aims to enhance the safety of drones and robotics, with the release of baseline standards anticipated by May 2023. Mobilicom's cybersecurity solution, the ICE Cybersecurity Suite, is the world's first AI-based software system tailored for small drones and robotics. CEO Oren Elkayam emphasizes the importance of collaboration in establishing strong cybersecurity standards. The company's vast experience in defense applications enhances the group's efforts to implement practical standards.

Mobilicom has released its Q4 FY22 Activities Report, showcasing growth in the drone and robotics sector. The company secured a new Tier-1 customer, raising its total to eight, and received numerous new orders, confirming its strength in the market. Key highlights include a cash balance of A$19 million and a confirmed order backlog of A$620,000 for H1 CY23. The SkyHopper Micro was selected by a major Tier-1 manufacturer for integration into its drone platform. Mobilicom's cybersecurity solutions are also gaining traction, underlining its position in the defense sector. The company anticipates significant order volumes from its 44 design wins moving towards commercialization.

Mobilicom has secured an initial purchase order exceeding $100,000 from a large Tier-1 Asia-based drone manufacturer, illustrating its growing presence in the market. This order is a significant design win and includes three product families: MCU mesh networking, SkyHopper Datalinks, and mobile ground control stations. The new customer aims to expand its drone line, indicating future revenue potential for Mobilicom. The company has now partnered with 8 Tier-1 manufacturers globally, targeting a market projected to reach $8.5 billion by 2026.

MOB, MOBBW announced the appointment of Udi Altshuler as General Manager of Mobilicom Israel, effective Nov. 8, 2022. Altshuler brings over 25 years of experience in the cyber and defense sectors, having previously served as COO at GuardKnox and held senior roles at several major defense firms. His expertise is expected to enhance product development and commercialization of Mobilicom’s ICE cybersecurity software. The management change follows the departure of COO Ofer Laufer, who contributed significantly to operational infrastructure. Mobilicom aims to leverage existing relationships with Tier-1 OEMs.

Mobilicom has successfully listed on NASDAQ under the ticker symbol MOB after an oversubscribed IPO raising A$19.2 million, strengthening its operations in the US drone market. The company confirmed an order backlog of A$790,000 and received a new A$408,000 R&D grant from Space Florida for developing a Multi-Link communication system. Additionally, it launched the SkyHopper Micro to facilitate mass deployment of drone fleets and ended September 2022 with a robust cash balance of A$22.2 million, ensuring ample resources for growth.

Mobilicom Limited (NASDAQ: MOB, MOBBW) has fulfilled its initial SkyHopper COMBO order from the Israel Ministry of Defense (IMOD), valued at approximately A$92,000 (US$58,000). This order marks the start of a new fleet deployment program for IMOD's small drone solutions aimed at intelligence and reconnaissance applications. The company anticipates a high likelihood of repeat orders as IMOD commercializes its drone fleet, showcasing Mobilicom’s capabilities in secure communications and cyber-resilient environments.

Mobilicom Limited (NASDAQ: MOB, MOBBW) has expanded its SkyHopper product line with the launch of SkyHopper Micro, a bi-directional data link aimed at small drone fleets for high-demand applications like commercial inspections and disaster relief. Developed in partnership with Tier-1 manufacturers, the product meets the NDAA compliance required by US Government agencies. Equipped with ICE Cybersecurity software, it supports long-range communication and offers secure data transmission up to 5km, enhancing operational efficiency and reducing costs for users.

Shoham, Israel, Oct. 19, 2022 - Mobilicom, a provider of cybersecurity solutions for drones and robotics, announced that CEO Oren Elkayam will present at the 2022 ThinkEquity Conference on October 26, 2022, in New York. The conference is expected to host over 700 attendees from various sectors, including technology and biotechnology. Elkayam's presentation will focus on the company's competitive position, growth strategy, and future prospects. Attendees can schedule one-on-one meetings with the CEO and finance director Liad Gelfer.