Additional Orders received for Mobilicom’s Cybersecure Drone Data Link System from One of the Largest U.S.-based Drone Manufacturers — Market Expected to Reach $18 Billion by 2030, Growing at an Annual Compound Rate of 25%
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 received a follow-on order valued at $500,000 from a major U.S. drone manufacturer.
- SkyHopper PRO was chosen over four competitors after intensive field testing.
- The global drone data link market is projected to grow at a CAGR of 25%, reaching $18 billion by 2030.
- Mobilicom's solutions are expected to meet growing demands in the defense sector.
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The follow-on order from a major U.S.-based drone manufacturer signifies a strong validation of Mobilicom’s technology and a substantial market opportunity. With an initial order valued at
Financially, this order could improve Mobilicom’s market visibility and investor confidence, likely contributing positively to its stock price in the short term. In the long term, securing significant orders from a large defense manufacturer could lead to consistent revenue streams and potentially larger contracts, enhancing financial stability and growth prospects.
Retail investors should note that while this order is promising, the company's future revenue will heavily depend on continued performance, successful delivery and the ability to secure additional contracts. It’s also essential to consider the competitive landscape and whether Mobilicom can maintain its technological edge.
The choice of Mobilicom’s SkyHopper PRO data link system over four competitors after intensive field testing underscores the product's technical superiority and reliability. SkyHopper PRO’s cognitive software-defined radio (SDR) capabilities and its optimal performance-to-SWaP-C ratio (Size, Weight, Power and Cost) are important for military applications where efficiency and reliability are paramount.
For investors, understanding the technical edge of SkyHopper PRO can provide a clearer picture of Mobilicom’s market positioning. The enhanced combat-proven performance in harsh environments means the product meets stringent military standards, a significant endorsement for potential future contracts.
Retail investors may find this technical validation reassuring, as it indicates that Mobilicom’s offerings are not only competitive but preferred by top-tier defense manufacturers. This preference can lead to a strong foothold in a growing industry, paving the way for long-term strategic partnerships and technological advancements.
The global drone data link system market, projected to grow at a CAGR of
This growth forecast highlights a rapidly evolving sector with increasing demand for advanced and secure communication systems for drones. Mobilicom’s proactive approach and technological advancements align well with these market trends, potentially driving further growth and expansion into new markets.
Retail investors should recognize the broader market dynamics at play. An understanding of the competitive landscape and Mobilicom’s strategic positioning within this high-growth market can offer insights into future revenue potential and market influence. As the drone market evolves, companies that provide reliable and cutting-edge solutions will likely see substantial gains.
Shoham, Israel, July 01, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has received a follow-on order from a one of the largest U.S. drone manufacturers of “small-sized” drones. This defense manufacturer, with over
Mobilicom’s SkyHopper PRO datalink was chosen over four other competing products following intensive field testing. SkyHopper PRO is a Secured Cognitive Software Defined Radio (SDR), with enhanced combat-proven performance, including in harsh environments. It offers what the company believes to be, the best performance-to-SWaP-C (Size, Weight, Power and Cost) in the market based on an internal study of competitor product offerings. Other key factors considered include the Company’s excellent customer support, fast production and delivery times.
The global drone data link system market is projected to grow at a CAGR of
“This order, valued at approximately
About SkyHopper PRO
SkyHopper PRO delivers long-range and non-line-of-sight (N-LOS) communication that supports multiple transmission modes for uncrewed autonomous vehicles (UAVs). Mobilicom’s solution was selected over competing products, following extensive testing, based on SkyHopper PRO’s field-proven track record, including in harsh environments, stability, size, and fit into the customer’s UAV platform. Other key factors included excellence in customer support, fast production and delivery.
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/
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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 its expectation that this order will be followed up with larger orders as this drone manufacturer continue to successfully compete and win government tenders for thousands of its drones. 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 Gelfer
Mobilicom Ltd
FAQ
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