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Mobilicom Limited (Nasdaq: MOB) is a pioneering provider of cybersecurity and advanced solutions tailored for the drone, robotics, and autonomous platform industries. As a high-tech enterprise, Mobilicom specializes in the design, development, and deployment of innovative technologies aimed at manufacturers of global drone, robotics, and autonomous systems.
Mobilicom’s extensive portfolio includes both software and hardware solutions that ensure operational safety, security, and efficiency. One of their latest offerings, the MCU-70, is a cybersecure software-defined radio that enhances communication capabilities for mid-sized and long-range unmanned aerial vehicles (UAVs). This product is notable for its superior size-to-performance ratio and has broad applications across various drone and robotics platforms.
Recently, Mobilicom launched the OS3 Platform, a comprehensive software system designed to deliver Operational Security, Safety, and Standards compliance for commercial and defense uncrewed drones and robotics. This platform operates on NVIDIA AI computing frameworks and includes OS3 Edge for local mission fortification and OS3 Cloud for remote fleet management, thus providing unparalleled control and security across entire fleets.
Mobilicom has made significant strides in expanding its market presence in the United States and continues to grow its product line and business activities. With a sales backlog of $1.4 million and $8.4 million in cash at the end of 2023 coupled with an additional $3 million fund raise in January, the company is well-positioned for a strong financial start in 2024. Mobilicom anticipates substantial growth through repeat orders and new contracts.
Partnering with giants like Airbus, Mobilicom has demonstrated the robust capacity of its systems to handle HD video and high-speed data transmission over long ranges. The company's end-to-end solutions are utilized in mission-critical functions by more than 50 customers worldwide, including some of the largest drone manufacturers.
Mobilicom is also actively engaged in industry events, such as the AUVSI XPONENTIAL 2024 trade show, where it showcases its cutting-edge technologies. Investors and stakeholders are encouraged to participate in webinars and other informative sessions hosted by the company to gain insights into its growth initiatives and market strategies.
Mobilicom's mission is clear: to lead the field in cybersecure and robust solutions for the expanding global drone and robotics market. Through continued innovation and strategic partnerships, Mobilicom aims to set new industry standards and drive the future of autonomous systems.
Shoham, Israel, April 27, 2023 - Mobilicom announced a repeat purchase order for its Mobile Ground Control Systems from a leading manufacturer of remote-controlled weapons systems. CEO Oren Elkayam highlighted that the order exemplifies their design wins leading to ongoing purchase orders, which may result in mass-scale commercialization.
Currently, Mobilicom has secured 44 design wins, with expectations for larger orders as their military customers demonstrate successful integration of their systems. The defense market for remote-controlled weapons is expanding rapidly, with a projected CAGR of 11%, potentially reaching $20 billion by 2030.
Mobilicom's advanced Mobile Ground Control Stations enhance operational control of uncrewed vehicles, reinforcing their position as a key player in the defense industry.
Mobilicom is co-sponsoring the Military Robotics & Autonomous Systems 2023 conference in London on April 17-18, 2023. The company will showcase its comprehensive cybersecurity and communications solutions for drones and robotics, addressing the growing need for autonomous systems in modern warfare. Notable attendees include military decision-makers and global defense contractors. The military robotics market is projected to grow to $32.7 billion by 2030, driven by advancements in AI and machine learning.
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