Mobilicom Limited - MOBBW STOCK NEWS

Mobilicom (Nasdaq: MOB) has received a follow-on order for its SkyHopper PRO datalink system from a major U.S.-based drone manufacturer. This client, with annual sales exceeding $5 billion, supplies drones to the U.S. defense market, including the Department of Defense. SkyHopper PRO, chosen over four competitors after field testing, offers secured cognitive SDR technology with superior performance in harsh environments and the best performance-to-SWaP-C in the market.

Mobilicom expects further orders as the global drone data link market is projected to grow at a CAGR of 25%, reaching $18 billion by 2030. The current order is valued at approximately $500,000, anticipating future larger orders.

Mobilicom has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its ADSs have closed below $1.00 for 30 consecutive trading days.

The company has until December 23, 2024, to regain compliance with the minimum bid price by achieving a closing bid price of $1.00 or above for at least 10 consecutive business days.

If Mobilicom fails to do so within this period, it may qualify for an additional 180-day compliance period provided it meets other listing standards. The notice has no immediate effect on the company's Nasdaq listing or trading of its ADSs.

Mobilicom, a provider of cybersecurity solutions for drones and robotics, announced a follow-on order for its 10” Ground Control Station (GCS) from a top loitering munitions provider. This provider has annual revenues of $4 billion and serves clients including Lockheed Martin and various NATO countries. The GCS market is projected to grow to $26.56 billion by 2030, with a CAGR of 23%. Mobilicom’s solutions, including the GCS and SkyHopper PRO Micro datalink, offer military-grade performance and NDAA compliance. The $240,000 order reflects Mobilicom’s growth in the UAV market, driven by increasing global demand for drones.

Mobilicom CEO Oren Elkayam will attend the AUVSI's Hill Day on June 4, 2024, in Washington, D.C., to advocate for supportive regulations for uncrewed and autonomous technologies. Elkayam will join other industry leaders in meetings with key Members of Congress, the Congressional Unmanned Systems Caucus, and relevant House and Senate committees. Mobilicom, known for its cybersecurity solutions for drones and robotics, will leverage its expertise to discuss policies beneficial to the deployment of uncrewed systems. This engagement highlights Mobilicom's active role in shaping regulations that ensure the secure and effective use of autonomous technologies for societal benefit.

Mobilicom's CEO, Oren Elkayam, will participate in a fireside chat at the Maxim Group Virtual TMT Conference on June 5, 2024. Mobilicom provides cybersecurity and robust solutions for drones and robotics, targeting a market expected to reach $8.5 billion by 2026. The company's clientele includes major Tier-1 drone manufacturers that supply to leading defense organizations globally. The event will be live on M-Vest, and interested individuals can sign up on the platform to attend.

Mobilicom (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, announced a third consecutive commercial scale order from a Tier-1 U.S.-based drone manufacturer. The order involves Mobilicom's SkyHopper PRO, a secure Software Defined Radio (SDR) datalink system, integrated into drones for the U.S. Department of Defense (DoD) and other federal agencies. This recurring order underlines the growing relationship and scalability with the manufacturer, suggesting potential for future orders as the manufacturer's drone sales expand.

Mobilicom , a cybersecurity and solutions provider for drones and robotics, is hosting an exclusive live investor webinar on May 9, 2024. The event will feature Mobilicom's Founder and CEO discussing recent successes and growth initiatives. Investors can participate in a live Q&A session with Elkayam. Registration is open for the free webinar.

Mobilicom has launched the groundbreaking OS3 Operations System, the world's first holistic solution for drones and robotics industry. OS3, designed to operate on NVIDIA AI computing, provides operational situational awareness, automated response, and mediation capabilities to ensure performance and compliance across the entire fleet. It maximizes resilience for service providers, operators, and manufacturers, offering security risk mitigation, safety of operations, and standards compliance.

Mobilicom and Airbus successfully integrated Mobilicom's cybersecure long-range communication systems into Airbus' Do-DT25 UAV for high-speed jet UAV-to-ground livestreaming of HD video and broadband data. The collaboration marks Mobilicom's expansion into the mid-sized UAV market, showcasing the capabilities of its MCU-70 & MCU-300 products. The successful flight proof-of-concept demonstrated live HD video transmission over long-range operations up to 100 km, enhancing drone performance and accuracy for military training purposes.