Mobilicom receives $600,000 follow-on order from a major U.S. drone manufacturer for DOD programs.
Quiver AI Summary
Mobilicom Limited has announced a significant follow-on order valued at approximately $600,000 from a major U.S. Tier-1 drone manufacturer, bringing the total to five production scale orders from this customer. The drones, equipped with Mobilicom's SkyHopper PRO datalinks, are intended for U.S. Department of Defense programs. CEO Oren Elkayam noted that this order reflects the customer's strong performance in the defense sector and their expectation for continued orders as they secure new contracts. The SkyHopper PRO, selected after rigorous testing against competing products, is celebrated for its robust performance and support, as Mobilicom anticipates further growth in the global drone data link market, which is projected to reach approximately $18 billion by 2030.
Potential Positives
- Received a follow-on order valued at approximately $600,000 from a U.S. Tier-1 customer, indicating strong demand for Mobilicom's solutions.
- Demonstrates integration of Mobilicom's SkyHopper PRO datalink in drones used for U.S. Department of Defense programs, highlighting the product's reliability and importance in critical missions.
- Signifies continuous growth in business with the customer, marking a total of 5 production scale orders to date, suggesting strong future orders due to the customer's success in winning contracts.
- SkyHopper PRO was selected over four competing products after extensive field testing, emphasizing its superior performance and competitive advantage in the market.
Potential Negatives
- Relies heavily on forward-looking statements, which introduces uncertainty regarding future performance and delivery timelines.
- Potential overreliance on a single Tier-1 customer raises concerns about dependency and vulnerability in their business model.
- Integration of SkyHopper PRO with drones for the U.S. Department of Defense implies scrutiny and heightened accountability, given the sensitive nature of defense contracts.
FAQ
What recent order has Mobilicom received?
Mobilicom received a follow-on order valued at approximately $600,000 from a U.S. Tier-1 drone manufacturer.
How does SkyHopper PRO benefit drones?
SkyHopper PRO provides crucial datalinks, ensuring reliable communication in challenging environments for DOD programs.
What can we expect from the drone data link market?
The global drone data link system market is projected to grow at a CAGR of 25%, reaching around $18 billion by 2030.
Why was SkyHopper PRO chosen over competitors?
SkyHopper PRO was selected for its combat-proven performance, excellent support, and top performance-to-SWaP-C metrics after extensive field testing.
How is Mobilicom positioned in the drone market?
Mobilicom is a leading provider of cybersecure solutions for defense and commercial drones, with a strong global customer base.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MOB Hedge Fund Activity
We have seen 4 institutional investors add shares of $MOB stock to their portfolio, and 3 decrease their positions in their most recent quarter.
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- GARDEN STATE INVESTMENT ADVISORY SERVICES LLC added 137,000 shares (+inf%) to their portfolio in Q3 2024
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- RHUMBLINE ADVISERS added 1,380 shares (+14.7%) to their portfolio in Q3 2024
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- GLEN EAGLE ADVISORS, LLC removed 100 shares (-100.0%) from their portfolio in Q3 2024
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Full Release
Marks a total of 5 production scale orders to date with this customer demonstrating continuous growth and expectation for ongoing orders
U.S. Tier-1 customer, which has over $5 billion in annual sales, has equipped its drones with Mobilcom’s
SkyHopper PRO
Palo Alto, California, U.S., Jan. 07, 2025 (GLOBE NEWSWIRE) --
Mobilicom
Limited
(
N
asdaq
: MOB
), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has received the latest in a series of commercial scale follow-on orders from one of the largest U.S. drone manufacturers of small-sized drones. These drones, which have integrated Mobilicom’s SkyHopper PRO datalinks as an essential component, are being sold to U.S. Department of Defense (DOD) programs.
“This latest follow-on order, valued at approximately $600,000, demonstrates the strong traction our customer’s drones have gained with top U.S. government and defense purchasers. Delivery is expected to be completed in the upcoming months to support this immediate expansion in DOD programs,” stated Mobilicom CEO and Founder Oren Elkayam. “We are proud that our critical communications components have been selected as an integral part of drones that are trusted to perform under the most challenging circumstances. As our Tier-1 customer continues to win contracts for thousands of its drones, we expect continued follow-on orders for our SkyHopper PRO.”
The global drone data link system
market
is projected to grow at a CAGR of 25% and reach approximately $18 billion by 2030. Mobilicom expects that its solutions have the potential to fill a growing demand as this customer and other Tier-1 manufacturers continue to sell uncrewed autonomous vehicles (UAVs).
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.
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 its expectation that delivery of this order will be made in the upcoming months, the expansion in DOD programs, its expectation regarding continued follow-on orders for its SkyHopper PRO, the growth of the global drone data link system market and its expectation that its solutions have the potential to fill a growing demand as this customer and other Tier-1 manufacturers continue to sell uncrewed autonomous vehicles. 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
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