Mobilicom Secures $900,000 Initial Production-Scale Order from Global Tier-1 Israel-Based Defense & Drone Manufacturer

• Mobilicom’s second Tier-1 customer to shift to commercial-scale phase
  
• Mobilicom’s SkyHopper integrated into loitering munitions, also known as kamikaze drones, by one of the largest loitering munitions providers in the world
• High replacement rates of loitering munitions expected to drive follow-on orders and further demand
  

SHOHAM, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has received a $900,000 purchase order from a current customer, an Israel-based Tier-1 global defense technology company, drone manufacturer, and one of the world’s largest producers of loitering munitions. The customer’s loitering munitions solutions are already sold to 42 countries. Mobilicom’s SkyHopper Pro Micro is now integrated into this loitering munition platform, a micro-sized drone optimized for use in urban settings. The order marks the customer’s shift from a design win phase into the beginning of large-scale manufacturing orders. Shipments are to commence immediately and are planned to be completed by the end of Q1 2024.

One the fastest growing segments of the drone market and the loitering munitions market are drones armed with ammunitions designed to fly in holding patterns for long periods of time and quickly attack targets, exploding upon impact. Loitering munitions have been heavily used in the Ukraine-Russia war and the Azerbaijan-Armenia conflict. High replacement rates drive demand. The loitering munitions market is forecasted to grow exponentially in the coming years.

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 50% of the size of the closest comparable competitor and at a fraction of the price. The product was designed in collaboration with this Tier-1 customer with the aim of supporting mass production. SkyHopper Pro Micro can be upgraded with Mobilicom’s ICE Cybersecurity suite which can withstand current threats seen in conflicts around the world.