Mobilicom Ltd (MOB)

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Mobilicom Secures Initial Order from One of Europe’s Largest Defense Contractors
Mobilicom’s ground control and mesh networking technology to be used for ground vehicle & drone joint swarm operations

Shoham, Israel, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW; ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced an initial purchase order for two of its products from a new customer, one of the largest defense contractors in Europe.

The customer is integrating Mobilicom’s Mobile Ground Control Station and MCU Mesh networking into a paired, networked ground vehicle and drone system. The remote controller for the drone is housed inside the ground vehicle and can be moved outside of the vehicle by an operator who commands the drone. The key asset is the mesh networking capability which may be expanded to support multiple drones in a swarm operation whereby numerous drones can independently make decisions based on shared data via Mobilicom’s secured Mesh Networking.

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“Our new customer is one of the top names in European defense contracting. Europe is an evolving market in which we are seeing increasing traction with our end-to-end offering. NATO countries have increased their defense budgets significantly in response to the Ukraine-Russia conflict, where drones have proven to be a game-changer in the war. The demand for and use of drones is expected to rise sharply in the next few years and Mobilicom is well positioned as a leading provider of field-proven, cybersecure technologies,” stated Mobilicom CEO Oren Elkayam.