One of the World’s Largest Loitering Munitions Providers, an Israel Based Tier-1, Places Order with Mobilicom Bringing its Total Purchases to $1.7 Million in Less Than a Year
October 02 2024 - 6:00AM
Mobilicom Limited (Nasdaq: MOB,
MOBBW), a provider of cybersecurity and robust solutions
for drones and robotics, today announced it has secured its third
production-scale order from a Tier-1 Israel-based customer,
bringing total purchases from this customer to $1.7 million in less
than a year. The customer, one of the world’s largest loitering
munitions providers with approximately $4 billion in annual
revenue, has selected Mobilicom’s SkyHopper Pro Micro datalink for
integration into its systems. This latest order is valued at
$530,000.
“The consistent stream of production scale
orders from prime defense manufacturers based in the U.S. and
Israel over recent quarters is driving the Company’s growth.
Additionally, we believe that current geo-political and commercial
market trends are expected to further accelerate demand for
small-sized drones and loitering munitions, in which Mobilicom’s
products have and continue to be integrated,” stated Mobilicom CEO
and Founder Oren Elkayam.
This Tier-1 customer is a prime vendor for
Lockheed Martin in the U.S. and a major supplier
of defense systems, including loitering munitions, sold to over
40 countries, including European
Union and NATO member countries. With
EU defense spending rising dramatically due to the
conflict in Ukraine, this vendor has achieved
significant success and market share with its loitering munitions,
becoming a key player in meeting the growing demand for advanced
military technologies in Europe and beyond.
Mobilicom’s end-to-end solutions support the
Tier-1 customer’s Swarm & Fleet drone operations, including the
SkyHopper Pro Micro datalink which is embedded in this
customer’s loitering platform and the 10” Ground Control
Station (GCS), a tactical mobile handheld controller for
small-sized drones, which supports drone operations through various
controlling and viewing options.
Small-size drones, including loitering
munitions, have become crucial in defense, especially in the
Ukraine war and expanding Middle East
conflicts, providing key advantages in surveillance and
combat. Rising US-China tensions over Taiwan have
also prompted the U.S. to accelerate drone programs like
Replicator, focusing on deploying autonomous
systems. Increased defense funding for Israel, Ukraine, and
Taiwan further highlights the importance of small drones
in modern military strategies.
The small-size drone market is rapidly
expanding, driven by military and commercial applications. It is
projected to reach $10.4 billion by 2030. Fueled
by demand in sectors like surveillance, search and rescue, and
logistics. Advancements in AI and autonomous systems are further
accelerating this growth, making small drones critical tools in
modern defense and industry. Mobilicom’s SkyHopper Pro Micro was
chosen over competing products following intensive field testing.
SkyHopper Pro Micro, Mobilicom’s newest secured software defined
radio (SDR) offers, in the Company’s opinion, the best
size-to-performance form factor in the market. The product was
designed for mass production. SkyHopper Pro Micro can be upgraded
with Mobilicom’s ICE Cybersecurity suite, which can withstand
current cyber threats seen in conflicts around the world.
Mobilicom’s SkyHopper PRO
Micro
SkyHopper PRO Micro, Mobilicom’s newest secured
software defined radio (SDR), currently offers the best
size-to-performance form factor in the industry at 50% of the size
of the closest comparable competitor and at a fraction of the
price. The product was designed in collaboration with this Tier-1
customer with the aim of supporting mass production. SkyHopper Pro
Micro can be upgraded with Mobilicom’s ICE Cybersecurity suite
which can withstand current threats seen in conflicts around the
world.
About Mobilicom
Mobilicom is a leading provider of cybersecure
robust solutions for the rapidly growing defense and commercial
drones and robotics market. Mobilicom’s large portfolio of
field-proven technologies includes cybersecurity, software,
hardware, and professional services that power, connect, guide, and
secure drones and robotics. Through deployments across the globe
with over 50 customers, including the world’s largest drone
manufacturers, Mobilicom’s end-to-end solutions are used in
mission-critical functions.
For investors, please use
https://ir.mobilicom.com/For company, please use
www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking
statements” that are subject to substantial risks and
uncertainties. For example, the Company is using forward-looking
statements when it discusses how the consistent stream of
production scale orders from prime defense manufacturers based in
the U.S. and Israel over recent quarters is driving the Company’s
growth, its belief that that current geo-political and
commercial market trends are expected to further accelerate demand
for small-sized drones and loitering munitions, in which
Mobilicom’s products have and continue to be integrated and the
expected growth of the small-size drone market. All statements,
other than statements of historical fact, contained in this press
release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of
words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar
expressions, although not all forward-looking statements contain
these words. Forward-looking statements are based on Mobilicom
Limited’s current expectations and are subject to inherent
uncertainties, risks and assumptions that are difficult to predict.
Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
These and other risks and uncertainties are described more fully in
the Company’s filings with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made
as of this date, and Mobilicom Limited undertakes no duty to update
such information except as required under applicable law.
For more information on Mobilicom,
please contact:
Liad GelferMobilicom
Ltdliad.gelfer@mobilicom.com
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