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
Mobilicom (Nasdaq: MOB) has secured its third production-scale order from a Tier-1 Israel-based customer, bringing total purchases to $1.7 million in less than a year. The latest order, valued at $530,000, is for Mobilicom's SkyHopper Pro Micro datalink integration into loitering munitions systems. The customer, with $4 billion annual revenue, is a prime vendor for Lockheed Martin and supplies defense systems to over 40 countries.
Mobilicom's SkyHopper Pro Micro offers leading size-to-performance in the industry, at 50% of the size of the closest competitor and a fraction of the price. The small-size drone market, including loitering munitions, is projected to reach $10.4 billion by 2030. Mobilicom's end-to-end solutions support Swarm & Fleet drone operations, including the 10" Ground Control Station for tactical mobile control.
Mobilicom (Nasdaq: MOB) ha assicurato il suo terzo ordine su scala produttiva da un cliente Tier-1 con sede in Israele, portando il totale degli acquisti a 1,7 milioni di dollari in meno di un anno. L'ultimo ordine, del valore di 530.000 dollari, riguarda l'integrazione del datalink SkyHopper Pro Micro di Mobilicom nei sistemi di munizioni loitering. Il cliente, con 4 miliardi di dollari di fatturato annuale, è un fornitore principale per Lockheed Martin e fornisce sistemi di difesa a oltre 40 paesi.
Lo SkyHopper Pro Micro di Mobilicom offre il miglior rapporto dimensioni-prestazioni del settore, con il 50% delle dimensioni del concorrente più vicino e a una frazione del prezzo. Il mercato dei droni di piccole dimensioni, comprese le munizioni loitering, è destinato a raggiungere 10,4 miliardi di dollari entro il 2030. Le soluzioni end-to-end di Mobilicom supportano le operazioni di droni Swarm & Fleet, inclusa la Stazione di Controllo a Terra da 10
- Secured third production-scale order, bringing total purchases to $1.7 million in less than a year
- Latest order valued at $530,000 from a Tier-1 customer with $4 billion annual revenue
- SkyHopper Pro Micro offers best size-to-performance ratio, 50% smaller than competitors at a fraction of the price
- Small-size drone market projected to reach $10.4 billion by 2030
- Product chosen over competitors after intensive field testing
- None.
Insights
This order represents a significant win for Mobilicom, showcasing strong market traction for their SkyHopper Pro Micro datalink in the rapidly growing loitering munitions sector. The
The product's selection over competitors after rigorous testing highlights its technological edge. With a size-to-performance ratio claimed to be 50% smaller than the closest competitor at a fraction of the price, Mobilicom is well-positioned in the
Geopolitical tensions and increased defense spending in Europe, the Middle East and potential conflicts in Asia are likely to drive further demand for Mobilicom's solutions. The company's cybersecurity capabilities also address a critical need in modern warfare scenarios.
However, investors should note the highly competitive and rapidly evolving nature of the defense technology sector, which may pressure margins and require continued R&D investment to maintain Mobilicom's technological edge.
- Latest order valued at
$530,000 is from a prime vendor for Lockheed Martin in the U.S. and a major supplier of defense systems sold to over 40 countries including European Union and NATO member countries
- SkyHopper Pro Micro offers a leading size-to-performance in the industry at
50% of the size of the closest comparable competitor and at a fraction of the price in a market projected to reach$10.4 billion by 2030
SHOHAM, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) -- 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
“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
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
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 Gelfer
Mobilicom Ltd
liad.gelfer@mobilicom.com
FAQ
What is the value of Mobilicom's latest order from the Tier-1 Israel-based customer?
How much has the Tier-1 customer purchased from Mobilicom (MOB) in total?
What is the projected market size for small-size drones by 2030?
What advantages does Mobilicom's (MOB) SkyHopper Pro Micro offer compared to competitors?
