- Mobilicom delivers MCU200 Mobile Mesh networking units to global robotics, drones and unmanned platforms provider Elbit Systems
- Elbit will integrate Mobilicom’s technology in its unmanned surface vehicle (USV)
- Elbit is one of the largest international suppliers in its field, with yearly revenues of more than US$6 billion
- One of several contracts Mobilicom has in place with Elbit Systems
29 June 2021 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) is pleased to announce it has completed delivery of 200 of its MCU200 Mobile Mesh networking units to global robotics, drones and unmanned platforms provider Elbit Systems in a contract worth $280,000.
NASDAQ-listed Elbit Systems (ESLT) has a market cap of more than US$7.8 billion, with yearly revenues exceeding US$6 billion and more than 17,000 employees worldwide.
Elbit provides airborne, land and naval systems and products catering primarily to the defense and homeland security sectors, as well as the commercial market, and is one of the largest suppliers of drones and unmanned systems outside of the US. It invests in and develops a variety of robotics, drones and unmanned platforms in air, land and sea for the commercial and defense segments. Elbit is considered to be a world leader in unmanned surface vessels (USV) and recently won a contract to supply its Seagull USVs to the Navy of an Asia-Pacific country.
Mobilicom CEO Oren Elkayam said Elbit selected Mobilicom’s MCU200 units to provide a secure maritime communication solution and data link for its Seagull USV.
“Mobilicom’s MCU200 Mobile Mesh networking units are an integral part of the USVs to be supplied under the international Navy contract. The MCU200 enables remote control of the Seagull’s sailing and navigation, receiving the vessel telemetry, live videos and sensors for its operation.
“This purchase order demonstrates that Mobilicom’s strategy as end-to-end provider of smart solutions for robotics, drones and autonomous platforms is succeeding.
“Mobilicom was originally chosen as controller provider for Elbit’s drones and small UAVs with an initial multi-million-dollar contract. Now, we have the opportunity to increase revenues by extending our relationship with Elbit by providing a networking solution for the Seagull and expanding into additional platforms of Elbit.”
Figures 1 and 2 – Mobilicom’s MCU200 Mobile Mesh networking units
More information on Elbit Systems can be found here: https://elbitsystems.com/ and
- Mobilicom’s Ground Controller Systems (GCS) are being integrated into a leading drone supplier engaged in defense, homeland security and commercial activities.
- This recent delivery of over 200 units, $470,000, has been delivered making a total of $1.8m of products delivered to this customer.
- This delivery further cements Mobilicom’s ability to scale its production and confirms Mobilicom’s technical ability to deliver “state of the art” products to its customers
- Further orders are now expected from this customer.
7 June 2021 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) is pleased to announce it has successfully completed delivery of more than $1.8 million of products for the $2.3 million contract with a leading global drone supplier, following shipment of over 200 additional units of its Ground Controller System.
Mobilicom’s latest delivery of its products, valued at $470,000, is the third instalment under its existing contract with the supplier, which grew from ~$2M to more than $2.3M as announced on 4 February 2021.
The initial contract was announced in 2018.
The customer has revenues of more than $3.6bn and is an international high technology company engaged in a range of defense, homeland security and commercial programs throughout the world. It is one of the largest suppliers of drones, small unmanned aerial vehicles (sUAV) and robotics outside of the US.
Mobilicom’s Ground Controller Systems (GCS) are being integrated into the customer’s drones and sUAV platforms worldwide.
Mobilicom CEO Oren Elkayam said the Company completed the latest delivery from its manufacturing capacity in the Asia-Pacific, which it expanded to commercial scale to meet high volume production demands.
“Mobilicom has proven it is able to scale production, and execute fulfillment on this large contract despite the impacts of COVID-19 and supply chain issues worldwide, while maintaining gross margin targets,” he said.
“The successful execution and delivery will contribute to Mobilicom’s significant revenue growth planned for 2021.”
Mobilicom expects to deliver further GCS units under the existing contract during 2021, with further orders from the customer anticipated in due course.
- Design win & maiden purchase order with major Asia-Pacific conglomerate ST Engineering
- Datalink and controller solutions chosen by renowned worldwide “vehicle systems business” Plasan
- Initial purchase order from Rafael, a top tier defense, HLS & unmanned platforms business
- Mobilicom will enjoy sales growth when these top players will commercialise their solutions globally
- These important business wins in the drones & robotics sectors, provide up-sale and expansion opportunities within these very large conglomerates
24 May 2021 – Mobilicom Limited (Mobilicom or the Company) is pleased to announce it has achieved
several new business wins and purchase orders with leading businesses in the drones and robotics
Chosen by ST Engineering (STE) for a newly designed robotics solution for the Asia-Pacific market, which will utilize Mobilicom’s secured datalink units and its controller solution.
STE is a Singapore-based engineering conglomerate with more than S$7b in revenue, and is one of the largest companies listed on the Singapore Exchange. It has invested heavily in and developed a variety of robotics, drones and unmanned platforms spanning the commercial and defense markets.
STE has taken delivery of its initial order of MCU30 and controller units that will enable it to build its robotics solution for its customers.
Chosen by Vehicle systems specialist Plasan for Mobilicom’s secured datalink units and controller solutions to be used in its Stinger autonomous vehicle.
Israel-based Plasan designs, develops, manufactures and integrates total protection vehicle systems for the defense and commercial markets, having implemented 33,000 solutions in more than 20 countries over a 30-year history.
Mobilicom’s solutions allow the teleoperation of Plasan’s stinger vehicle and the ability to remotely control its weapon stations. The first Stinger vehicles with this solution have been delivered to a potential customer and partner in the UAE.
Mobilicom has received an initial purchase order of A$150,000 from leading unmanned platforms provider Rafael. The units will be delivered during 2021 and further purchase orders are expected in due course.Rafael, with revenues of ~US$3b, is a worldwide pioneer in defense, cyber and security solutions. As well as a leading player in teleoperated and unmanned platforms in sea, ground and air.
Mobilcom CEO Oren Elkayam commented on the new business achievements:
“We continue to capture the attention of tier one players in drones, robotics and unmanned platforms. As the market continues to scale up we expect this to lead to many additional purchase orders, in greater volume, as well as providing new sales opportunities within these very large organisations. These wins also continue to position Mobilicom as a go-to provider for critical smart solutions in the field, and will lead to more new business leads, design wins and sales.”
- Psagot – one of Israel’s largest international investment houses, managing over 180Bn ILS (A$70 Bn), has signed an agreement to invest approximately A$3.65m in Mobilicom, with another strategic entity investing approximately A$190,000
- The total raised is A$3.84m – comprising 64m shares at $0.06 per share and a further 64m options, exercisable within 2 years at $0.09
- Shares will be escrowed for a six-month period and the options will be subject to shareholder approval at the upcoming AGM
- The funds will be used to execute Mobilicom’s growth strategy as previously announced to the market
5 May 2021 – Mobilicom Limited (Mobilicom or the Company) is pleased to announce that it has agreed terms with Psagot Investment House to take a strategic stake in Mobilicom.
Psagot is an Israeli investment firm and the country’s largest pension fund manager, managing over 180Bn Israeli New Shekels (A$70Bn). Psagot in turn is owned by Apax Partners LLP, a British private equity firm that has raised over US$50Bn since being founded in 1969.
The Psagot Pension Fund and the Psagot Pareto Hedge Fund will invest in a combined 60.8m shares at $0.06, with another investor taking up 3.2m shares. These shares will be escrowed for a six-month period from the date of issue.
The investors will, subject to shareholder approval, also receive an equal number of options in the Company (i.e. on a 1:1 basis) exercisable at $0.09 a share and exercisable 2 years from the issue date (subject to the acceleration provisions set out in the annexure). Full details of the terms of the placement are set out in the annexure to this announcement.
The placement shares will be issued under Listing Rule 7.1 and 7.1A.
The investment comes at an opportune time for Mobilicom to leverage its expertise into this rapidly growing market.
Fortune Business Insights has projected that the global commercial drone market size will increase 5- fold from 2019, reaching more than US$8.5Bn by 2027. Inside Unmanned Systems predicts that the total drone market will top $26 Billion. Tractica has projected that commercial drone hardware will
exceed $14 Billion with over 4M commercial drones shipped worldwide, an increase of 800% from 2019. Both Government and Commercial markets have shown significant growth, and regulatory bodies, including the European decision from Jan 2021 (EASA), have opened the skies for commercial drone operations.
Mobilcom CEO Oren Elkayam commented: “The fact that such a large institutional equity investment house decided to take a significant stake in Mobilicom and support its growth strategy going forward, is evidence of our potential in the drones and robotics market revolution and the company’s uniqueness as an end-to-end provider of cybersecurity & smart solutions for drones & robotics & autonomous platforms.” “The additional funding will be used to accelerate Mobilicom’s business activity in international markets with emphasis on top-tier drone & robotics manufacturers.”
Psagot CIO, Gat Megiddo commented: “The unique position Mobilicom holds with its established endto-end technology offering, wide portfolio of market proven products, and the vendor of choice by many leading international drone and robotics platforms manufacture – positions it at the forefront of the drones & robotics commercial revolution that is set to change the world.
“We believe in the company’s focused strategy, that differentiates it from other players as a one-stopshop for all smart solutions, software, hardware and cybersecurity for this market. The funding will enable Mobilicom to execute its growth strategy to be a Tier-1 provider in this market.”
15 March 2021 – Mobilicom Limited is pleased to deliver its business strategy and investor presentation, focusing primarily on delivery of its smart solutions to global drone, robotics and autonomous system manufacturers.
Mobilicom has grown a global customer base with sales to high profile customers including corporates, governments and military departments, by establishing its own patented technology. Mobilicom uses mobile mesh networking, and has commercialised a range of solutions that have competitive advantages including outstanding security capabilities and performance in harsh environmental conditions.
Given the large and rapidly growing global market expected to develop in the coming years, Mobilicom has chosen to focus its attention on the global drones, robotics and autonomous platforms sector.
The revenue model will see Mobilicom generate sales from:
- hardware, with high gross margins across its mesh networking, datalink, video hardware and mobile control terminals;
- software sales including recurring license fees from its cybersecurity suite, cloud server and other software tools; and
- professional support services.
Mobilicom’s CEO Oren Elkayam commented “the management team has invested significant time in assessing the company’s performance and has resolved to drive a more focused strategy that is designed to deliver improved shareholder value. Our go to market strategy will see Mobilicom target existing and new customers selling drone/robotics platforms into market segments and verticals including mining, security and surveillance, infrastructure inspection, delivery, defense and first responders.” Mobilicom
Integrate its smart components into a customer’s platform
Receive significant sales & licensing revenue as customers achieve large deployment / orders for the platform
Increase revenue by upselling additional components and/or expand into other platforms
Ensure strong market position and barrier to entry for competition by providing high performance and security to customers
- Mobilicom’s $1.8 million cybersecurity program for drones and robotics platforms receives an additional $320,000 for the next stage of development
- Program is funded by Israel Ministry of Defense and Israel Innovation Authority and was first announced by Mobilicom in 2019
- Mobilicom’s cybersecurity platform will enable the building of a recurring software licence business model
- Mobilicom expects the next stage of development to be ready for commercial use in 2021
11 March 2021 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) is pleased to announce it has won an additional $320,000 (with additional net grant exceeding $210,000) for the next stage of a $1.8 million cybersecurity program first announced in 2019, resulting in total funding of $2.12 million
In 2019, the Israel Ministry of Defense and Israel Innovation Authority approved a Mobilicom program for the development of cybersecurity using artificial intelligence (AI) for drones and robotics platforms. This program allowed Mobilicom to develop cyber technologies using AI as an add-on module for drones and unmanned platforms, including an anti-hijacking and anti-spoofing system for commercial and industrial drones and robotics that enables autonomous drone cybersecurity without intervention by an operator in real-time.
This Mobilicom research and development program has now received an additional budget of $320,000 and the Company plans to use the funds for a follow-up program to integrate and validate onboard drones and robotics platforms.
Mobilicom’s CEO Oren Elkayam commented: “We are pleased to receive additional funds for this cybersecurity research and development which will place Mobilicom at the forefront of cybersecurity and AI for robotics platforms and reinforces us as a leading holistic provider of drones and robotics solutions.
“This solution is a game-changer for commercial drone deployment as cybersecurity is critical challenge for the success of the commercial drone market. Mobilicom’s innovative solution will mitigate the cyber security risks and as a result, enable the acceleration of commercial drone market scalability. It will also generate revenue through a recurring software licence business model, further strengthening our longterm financial position and cash-flow performance.”
Mr Elkayam said Mobilicom expected the second stage of the cybersecurity platform to be ready for deployment in year 2021.
Mobilicom wins an additional $345,000 funding as part of a consortium to develop wireless
artificial intelligence for 5G networks announced last year
- WIN Consortium Project timeframe extended by 18 months and total program expenditure budget expanded from $4M to $6.3M
- Mobilicom is focusing on MESH networks and unmanned platforms and will complete its research & development in CY2021
- Mobilicom will use research to advance its technology on autonomous systems
- AI 5G consortium includes Ceva Inc., Ceragon Networks and high-profile academic institutions.
2nd March 2021 – Mobilicom Limited is pleased to announce it has been granted a further $345,000 for research & development as part of the WIN (wireless intelligent
networks) consortium announced in June 2020 (see ASX release dated 5 June 2020).
Israel Innovation Authority selected Mobilicom to be part of the consortium, which also includes industry leaders Ceva Inc., Ceragon Networks and several high-profile academic institutions, to execute a $4 million project during CY2020. The consortium aims to develop wireless artificial intelligence (AI) for 5G networks.
Mobilicom has confirmed the project has been extended by 18 months and the total program budget increased to a total of $6.3 million. Mobilicom will receive an additional $345,000 budget (with net grant exceeding $200,000), taking its total budget to $845,000. Its research and development component will be complete in CY2021.
Mobilicom’s CEO Oren Elkayam commented: “This project focusses on the development of wireless AI to enable the improvement and optimization of 5G cellular technology and we are pleased for the opportunity to work with some of the leaders in this industry, including Ceva Inc and Ceragon Networks.
“Mobilicom’s key responsibilities will focus on its expertise with MESH networks and unmanned platforms. Once development is complete, Mobilicom will be able to use this technology on its own nextgeneration autonomous systems.
“Mobilicom’s appointment to the consortium last year reinforced its position as a holistic provider of solutions for autonomous systems, while also strengthening the Company’s long-term financial position and cash-flow performance, and we are pleased to have received additional funding as part of the project.”
- Mobilicom receives first order for $150,000 for its controller and MESH networking solutions from fire control systems manufacturer Smart Shooter
- Smart Shooter is a world-class designer, developer, and manufacturer of innovative fire control teleoperation systems used in anti-drones, law enforcement, security and military
settings and the Mobilicom equipment will be incorporated into its fire control systems
23 February 2021 – Mobilicom Limited is pleased to announce it has received its first order from Smart Shooter, an Israel-based world leader in fire control teleoperation systems.
Smart Shooter will incorporate Mobilicom’s controller and MESH networking products (Mobilicom’s SkyHopper Pro and Mobile Controller Terminal) into its SMASH family of fire control systems, including its SMASH Hopper Light Remote-Controlled Weapon Station (LRCWS). These systems require a robust and
highly-secured data link to operate remotely for their customers in Israel and the United States. Smart Shooter CEO, Michal Mor, said: “We are honored to work with Mobilicom, and combine its innovative technologies and products into our SMASH Hopper family of solution. Fielded and operational, SMASH family create a significant advantage for the infantry soldier and ultimately revolutionizing the world of small arms and optics.”
Mobilicom CEO Oren Elkayam said Mobilicom products would be integrated in Smart Shooter’s three leading systems, targeting worldwide sales. Mr Elkayam said: “Smart Shooter develops innovative technologies that help law enforcement and military professionals quickly and accurately neutralize targets using the teleoperated fire control systems. We are excited to be working with another business showcasing market leading technology, and expect repeat orders from Smart Shooter as it grows sales of its products over the coming years.”
Mobilicom expects to deliver the first products under the first Smart Shooter purchase order before the end of March 2021.
- Latest delivery exceeds 150 Ground Controller Stations valued at $350,000
- Contract has expanded from ~$2M to more than $2.3M
- Customer is a leading drone supplier engaged in defense, homeland security and commercial activities with further orders from the contract and sales expansion as a result of product delivery
- Agreement entered into with Asia-Pacific electronic manufacturing company to establish manufacturing capacity in APAC region
4 February 2021 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) is pleased to announce it has delivered more than 150 units of its Ground Controller Station (GCS) solution, with a combined value of more than $350,000, under its contract with a leading drone supplier.
This is the second commercial delivery of products under the contract, first announced 18 December 2019, which has now expanded to be worth more than $2.3 million with $1.1 million delivered upon thus far.
The customer is one of the largest suppliers of drones, small Unmanned Aerial Vehicles (sUAV) and robotics outside of the US and engages in a wide range of defense, homeland security and commercial programs throughout the world with revenue of more than $3.6 billion. The customer selected Mobilicom as vendor of choice for supply of the GCS product for the customer’s tactical drones and sUAVs. The customer is offering Mobilicom’s solution with all of its drones and sUAV platforms worldwide.
To fulfil the commercial quantities under this agreement and enable volume scalability for future projects, Mobilicom entered into an agreement with an Asia-Pacific electronic manufacturing company to build Mobilicom’s GCS system products (see ASX Announcement 3 July 2020).
Mobilicom CEO Oren Elkayam said the Company’s boosted manufacturing capacity enabled it to achieve greater volumes while maintaining gross margin targets, giving it more flexibility to meet customers’ needs, especially during COVID-19 related restrictions.
“Working with this leading drone supplier has benefited our business in many ways. The contract with this client continues to grow from original value of $2 million to $2.3 million, and we are now capable of manufacturing our products at much higher volumes while still maintaining the high level of quality our customers expect,” he said.
“This marks the second commercial delivery under this contract and we expect to receive additional orders from this customer.”
Mr. Elkayam said the customer will use also additional units to seed new projects which may ultimately lead to sales expansion beyond the existing orders.
- Mobilicom receives the first order for its SkyHopper Combo device from Israel Aerospace Industries (IAI) subsidiary following successful integration and field testing
- The IAI subsidiary will use these units to initiate marketing and sales of its systems to Israeli government.
27 January 2021 – Mobilicom Limited (Mobilicom or the Company, ASX: MOB) is pleased to announce it has received the first orders for its SkyHopper Combo device from a subsidiary of Israel Aerospace Industries (IAI).
IAI will use the units to initiate marketing and sales of its systems to government customers, based on the first of its kind solution providing it with a cutting-edge technology and a time to market advantage.
IAI is Israel’s major aerospace and aviation manufacturer, producing aerial and astronautic systems for both military and civilian usage. IAI designs, develops and produces civil aircraft, drones & fighter aircraft, missile, avionics, and space-based systems, banking revenues of more than US$4 billion annually.
The volume of the order is not material at this stage, though the first orders are of importance to the Company as IAI is basing its new drone platform on the SkyHopper Combo product for future sales to the Israeli Government.
SkyHopper Combo is a first-of-its-kind, small & lightweight 3-in-1 solution, providing a highly secured, broadband wireless datalink that can operate with or without network infrastructure. This device coupled with Mobilicom’s ControliT secured cloud server enables configuration, network management, fleet management and tracking.
“Having commenced beta testing of SkyHopper Combo with the IAI subsidiary last month, Mobilicom is pleased to receive the first orders so quickly, proving the capability of our technology,” CEO Oren Elkayam said.
“Other customers and partners are also testing this new solution and we expect additional sales over the coming months,” he said.
Conventional solutions typically provide an independent direct datalink that has limited operational distance and is dependent on the availability of a cellular network. The SkyHopper Combo is unique in its ability to combine both solutions enabling connectivity anywhere and at any time.