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About Mobilicom
Mobilicom (Nasdaq: MOB, MOBBW) is a leading provider of cybersecurity and robust communication solutions tailored for the rapidly expanding defense and commercial drones and robotics markets. Headquartered in Shoham, Israel, the company has established itself as a trusted partner for mission-critical applications, offering a comprehensive suite of end-to-end technologies that power, connect, guide, and secure uncrewed systems.
Core Business and Offerings
Mobilicom’s extensive portfolio includes hardware, software, cybersecurity solutions, and professional services designed to meet the stringent demands of modern uncrewed systems. Its offerings encompass:
- SkyHopper Datalinks: High-performance communication solutions for seamless data transmission in drones and robotics.
- Ground Control Systems (GCS): Tactical handheld and fixed control units for managing uncrewed vehicles with precision and reliability.
- Mobile Mesh Networking: Advanced networking solutions that enable robust connectivity in challenging environments.
- ICE Cybersecurity Suite: A proprietary cybersecurity framework that safeguards uncrewed systems against evolving digital threats.
- CONTROLiT Cloud Management: A cloud-based platform for monitoring, managing, and optimizing drone and robotics operations.
Industry Context and Market Position
The global market for drones and robotics is experiencing exponential growth, driven by increased adoption in defense, industrial automation, logistics, and other sectors. Mobilicom addresses critical market needs by providing solutions that combine operational efficiency with advanced cybersecurity, ensuring compliance with stringent regulatory requirements such as the U.S. National Defense Authorization Act (NDAA). This makes Mobilicom a key player in a market projected to grow significantly in the coming years.
With deployments across the globe and a customer base that includes over 50 organizations, including some of the world’s largest drone manufacturers, Mobilicom has demonstrated its ability to deliver high-value solutions that scale effectively. Its products are trusted for their reliability in mission-critical functions, making them indispensable in both defense and industrial applications.
Revenue Model and Scalability
Mobilicom generates revenue through a combination of hardware sales, Software-as-a-Service (SaaS) subscriptions, and recurring cybersecurity services. This diversified revenue model not only supports scalability but also ensures a steady income stream as the company continues to expand its footprint in the drones and robotics market. By focusing on high-margin SaaS and cybersecurity solutions, Mobilicom is well-positioned to capitalize on the growing demand for secure and efficient uncrewed systems.
Competitive Advantages
Mobilicom sets itself apart from competitors through its integrated approach to uncrewed systems. Unlike many providers that focus solely on hardware or software, Mobilicom delivers a holistic solution that addresses every aspect of drone and robotics operations. Key differentiators include:
- End-to-End Solutions: Comprehensive offerings that integrate hardware, software, and cybersecurity.
- Field-Proven Technologies: Solutions deployed globally in diverse and demanding environments.
- NDAA Compliance: Products designed to meet strict regulatory standards, ensuring eligibility for defense and government contracts.
- Scalability: A business model that supports growth through high-volume production and recurring revenue streams.
Conclusion
Mobilicom is a pivotal player in the rapidly evolving drones and robotics industry, offering innovative solutions that combine cutting-edge technology with robust cybersecurity. Its commitment to quality, compliance, and scalability positions it as a trusted partner for organizations operating in mission-critical environments. By addressing the unique challenges of uncrewed systems, Mobilicom continues to play a vital role in shaping the future of this dynamic market.
Shoham, Israel, April 07, 2023 - Mobilicom Limited (ASX: MOB) announces its upcoming Annual General Meeting (AGM) scheduled for Tuesday, May 30, 2023. The deadline for nominations for the Director position is 5:00 PM (AEDT) on April 18, 2023. This nomination deadline is distinct from the voting process for Director election, with details to be disclosed in the AGM Notice.
Mobilicom is an end-to-end provider of cybersecurity and robust solutions tailored for drones, robotics, and autonomous platforms. The Company boasts patented technology and offers a diverse range of products utilized across various applications, aiming to expand its global customer base.
Mobilicom has been selected to represent the uncrewed autonomous systems (UAS) industry at the AUVSI Hill Day in Washington, DC on March 22, 2023. This event aims to engage policymakers on the significance of cybersecurity for the drone industry, emphasizing its role in military and civilian applications. CEO Oren Elkayam highlighted the importance of sharing insights to support the UAS industry's growth. Mobilicom is a leading provider of cybersecurity solutions for drones, with patented technology and a growing global customer base, including government and military sectors.
Mobilicom, a provider of cybersecurity solutions for drones, has successfully demonstrated artificial intelligence for wireless systems in collaboration with the Wireless Intelligent Networks (WIN) Consortium. The demonstration showcased device-to-device communication through mesh networks in a 5G environment, involving dynamic connections between multiple nodes including drones and ground vehicles relaying video. This initiative, funded by the Israeli Innovation Authority, aims to enhance technology for autonomous systems. Mobilicom anticipates this research will expand its intellectual property portfolio, improving future products for drones and robotics.
Shoham, Israel, March 8, 2023 – Mobilicom (Nasdaq: MOB, MOBBW) has been invited to exhibit its cutting-edge ICE Cybersecurity and autonomous drone solutions at the 11th Annual Unmanned & Autonomous Systems Summit in National Harbor, Maryland, on March 8-9. This marks the third consecutive year Mobilicom showcases its expertise at this event, facilitating interaction between military, government, and industry leaders. With a focus on addressing Small UAS threats, CEO Oren Elkayam highlights the urgent need for cybersecurity, citing that 90% of small drones used in Ukraine were lost after just three flights. The U.S. DoD's FY2022 budget allocated approximately $8.2 billion for unmanned systems.
Mobilicom Limited, trading on Nasdaq as MOB and MOBBW, announced a share buyback to enhance shareholder value following a strategic review of operations. With A$19 million in cash as of December 31, 2022, the buyback targets small investors holding less than A$500, allowing them to sell shares without brokerage costs. This move aims to streamline the company's cost management and potentially boost stock performance. Mobilicom provides cybersecurity and operational solutions for drones and robotics, supporting its growth in a competitive sector.
Mobilicom Limited has announced a strategic partnership with Mistral Inc. to enhance its market presence within the U.S. defense industry. This collaboration aims to integrate Mobilicom's advanced cybersecurity and robust solutions for drones and robotics into U.S. Department of Defense (DOD) requisitions. The U.S. DOD is projected to spend $2.6 billion on uncrewed systems in 2023, with a significant focus on aerial drones. Mobilicom believes this partnership will expand its revenue streams and facilitate access to government contracts, leveraging Mistral's extensive experience and relationships within military procurement processes.
Shoham, Israel, Feb. 06, 2023 – Mobilicom Limited (NASDAQ: MOB, MOBBW) has joined the AUVSI Cybersecurity Working Group, contributing to the development of cybersecurity standards for uncrewed systems. The group aims to enhance the safety of drones and robotics, with the release of baseline standards anticipated by May 2023. Mobilicom's cybersecurity solution, the ICE Cybersecurity Suite, is the world's first AI-based software system tailored for small drones and robotics. CEO Oren Elkayam emphasizes the importance of collaboration in establishing strong cybersecurity standards. The company's vast experience in defense applications enhances the group's efforts to implement practical standards.
Mobilicom has released its Q4 FY22 Activities Report, showcasing growth in the drone and robotics sector. The company secured a new Tier-1 customer, raising its total to eight, and received numerous new orders, confirming its strength in the market. Key highlights include a cash balance of A$19 million and a confirmed order backlog of A$620,000 for H1 CY23. The SkyHopper Micro was selected by a major Tier-1 manufacturer for integration into its drone platform. Mobilicom's cybersecurity solutions are also gaining traction, underlining its position in the defense sector. The company anticipates significant order volumes from its 44 design wins moving towards commercialization.
Mobilicom has secured an initial purchase order exceeding $100,000 from a large Tier-1 Asia-based drone manufacturer, illustrating its growing presence in the market. This order is a significant design win and includes three product families: MCU mesh networking, SkyHopper Datalinks, and mobile ground control stations. The new customer aims to expand its drone line, indicating future revenue potential for Mobilicom. The company has now partnered with 8 Tier-1 manufacturers globally, targeting a market projected to reach $8.5 billion by 2026.
MOB, MOBBW announced the appointment of Udi Altshuler as General Manager of Mobilicom Israel, effective Nov. 8, 2022. Altshuler brings over 25 years of experience in the cyber and defense sectors, having previously served as COO at GuardKnox and held senior roles at several major defense firms. His expertise is expected to enhance product development and commercialization of Mobilicom’s ICE cybersecurity software. The management change follows the departure of COO Ofer Laufer, who contributed significantly to operational infrastructure. Mobilicom aims to leverage existing relationships with Tier-1 OEMs.
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