Breakthrough Commercial Drone Upgrade Solution released Additional $572,000 purchase order from Israel Ministry of Defense

  • Mobilicom has released a commercial drone upgrade solution for the after-market in response to the US Ban on certain 3rd party solutions which pose a back door cyber risk.
  • Mobilicom anticipates 2019 revenue from this solution to exceed $1 million
  • This solution is capable of being used as an add-on to a considerable number of existing drones in the market
  • New solution moves Mobilicom up the value chain within existing markets

Mobilicom Limited (Mobilicom) is pleased to announce that it has released a breakthrough Commercial Drone Upgrade Solution and has subsequently secured a $572,000 purchase order from the Israel Ministry of Defense (MOD).

Mobilicom’s groundbreaking Commercial Drone Upgrade Solution serves as an after-market add-on for drone units already sold within the market. Demand for the solution is driven by the US ban on use of certain types of drones in security operations as a result of a backdoor cyber risk.

As a direct result of the US ban, several other western countries have also banned the use of these drones in security operations. Mobilicom’s Commercial Drone Upgrade bypasses this security concern as it enables the continued use of these drones, by solving the backdoor cyber risk and adds advanced capabilities to the communication systems.

This new order from the MOD comes in addition to a purchase of more than $200,000 announced in September 2018. Mobilicom expects revenue from the newly released product to exceed $1 million in 2019.

The Commercial Drone Upgrade Kit enables Mobilicom to move up the value chain by offering a host of SkyHopper products, with third-party elements where necessary, to deliver a complete solution to existing customers within the same market.

Mobilicom’s CEO Oren Elkayam commented:

“Despite having just officially launched the new solution, Mobilicom already has sales impact and is well positioned to drive significant revenue this year with existing and new customers.”

SkyHopper products to be incorporated in new solutions by world’s second largest drone manufacturer Yuneec International

  • Mobilicom enters key strategic partnership with leading drone manufacturer Yuneec
  • Yuneec to release two drone solutions based on the SkyHopper by Mobilicom product portfolio, targeted at the commercial & government markets
  • Yuneec is a global leader in drones and electric aviation, producing more than one million products a year
  • Sales impact beginning this year, leveraging Yuneec’s global sales channels

Mobilicom is pleased to announce that it has entered into a strategic partnership with leading drone manufacturer, Yuneec International, for the purpose of releasing joint drone solutions that will incorporate the SkyHopper by Mobilicom product suite.

Yuneec International is the second largest manufacturer of electronic aviation and drones for Yuneec’s consumer and commercial target markets. Part-owned by Intel which has invested heavily in the business, Yuneec sells more than one million units per annum and operates across five sites worldwide since being founded in 1999.

Under this strategic partnership, Yuneec will release two drone platforms for the commercial and government markets based on SkyHopper by Mobilicom product offerings. Mobilicom expects sales of the platforms to commence during 2019, which Yuneec will deliver using its large worldwide sales channels.

In addition to sales impact, this creates an excellent opportunity for Mobilicom as the SkyHopper product suite is exposed to key target markets and customers.

Mobilicom’s CEO Oren Elkayam commented:

“As an original equipment manufacturer (OEM) for Yuneec’s commercial and government drone solution, our sales will be strengthened by leveraging the magnitude of Yuneec as a company as well as its worldwide sales channels.

“As a growing giant in the drone industry, to have the opportunity to work alongside Yuneec is an indication of the high-quality products and technology Mobilicom is delivering.”

Leading Yuneec’s global sales and marketing operations, VP Global Sales Joe Schamuhn commented:

“Partnering with Mobilicom and leveraging its best-in-class SkyHopper technology will enable us to target the commercial and government markets more effectively. We believe the collaboration will result in a long-term relationship which offers significant opportunity for value creation.”

The SkyHopper-based commercial and government drone solution offerings from Yuneec will be commercially available beginning Q2 2019.

 

Mobilicom wins $1.8 million program

  • Israel Ministry of Defense and the Israel Innovation Authority have approved a AUD$1.8 million R&D program for Mobilicom
  • The program focuses on the development of Cyber Security using Artificial Intelligence (AI) for drones and robotics platforms
  • Reinforces Mobilicom as a holistic provider of solutions for drones and robotics
  • The program strengthens the Company’s long-term financial position and cash-flow performance
Mobilicom Limited (Mobilicom) is pleased to announce that it has been chosen by the Israel Ministry of Defense and the Israel Innovation Authority to execute an R&D project valued in excess of $1.8 million. This project was awarded to Mobilicom as a result of the unique solution proposed by Mobilicom.

Mobilicom’s project will focus on the development of cyber technologies using Artificial Intelligence (AI) as an add-on module for drones and unmanned platforms. Mobilicom is planning to develop an anti-hijacking and anti-spoofing system for commercial and industrial drones and robotics. It will enable autonomous drone cyber security without intervention by an operator in real-time.

This solution is a game-changer for commercial drone deployment as cyber security is critical 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.

This is a two-year project with a grant of 66% based on the overall project value and thus strengthens the Company’s financial and cash flow performance.

Mobilicom’s CEO Oren Elkayam commented:

“We look forward to bringing this project to fruition as the outcome will serve as a game-changer in the commercial drone and robotics industry and reinforce Mobilicom as a holistic solution provider for drones and other unmanned platforms.”

Mobilicom wins account with US ground robotics company

  • Mobilicom delivers an initial purchase order exceeding $200,000 with additional commercial sales expected throughout 2019
  • US-based robotics company has chosen Mobilicom’s MCU 30 Lite with its new technology which employs Mobile MESH Network Solutions and relay capabilities to be integrated into its visionary robotics solution
  • Expands Mobilicom’s penetration of the US market and global footprint

Mobilicom Limited is pleased to announce that it has secured an account with a US ground robotics company, with the delivery of an initial purchase order exceeding $200,000.

Mobilicom’s innovative MCU-30 Lite technology has been selected for integration into the company’s innovative robotics solution. Mobilicom’s solution offers MCU 30 Lite with its new Mobile MESH Network solution and relay capabilities that the customer will use for underground and in-building operations. Mobilicom has delivered numerous MCU-30 Lite systems and it is anticipated that additional sale orders will be received throughout 2019.

The new customer is a unique designer within the robotics industry, with its solutions designed for a variety of industries including homeland security, mining, oil and gas, aerospace, maritime, petrochemical, public safety and construction. The company has been developing robotics for over 25 years which can perform highly complex tasks in areas where human safety is at risk. Due to the customer’s internal protocols, as well as the nature of the operations performed in given applications, Mobilicom is unable to disclose the identity of the company due to its US government activity operations.

The multifunctional MCU-30 Lite unit combines 4G with Mobile MESH technologies, to produce an IP communications unit that delivers ad-hoc direct wireless mobile communication including HD video, data and VoIP without the need for any infrastructure.

Mobilicom’s CEO Oren Elkayam commented:

“The purchase of Mobilicom’s MCU-30 Lite units by a unique and innovative robotics industry player highlights the broad capabilities and growing interest in Mobilicom’s cutting-edge technology. Not only is the purchase order a vote of confidence in Mobilicom’s technology but it significantly expands Mobilicom’s international reach. We expect to increase commercial production of our MCU-30 Lite unit as the company serves significant new and expanded markets.

Sales and integration momentum continues across multiple customers including ExxonMobil, GE and German Aerospace Centre

• Initial sale of SkyHopper & MCU products to US multinational GE
• Recurrent unit sales to ExxonMobil exceeding $100,000, delivered and in deployment
• Successful proof of concept of new Mobilicom solution completed with Nexter
• Initial sale & integration of MCU product with German Aerospace Centre (DLR)

Mobilicom Limited is pleased to report on important progress made in sales and integrations of the Mobilicom and SkyHopper products across several key customers.

GE
Mobilicom has completed an initial sale of both its MCU and SkyHopper products to US multinational General Electric Company (GE), one of the largest companies on the Fortune 500. The MCU product was sold to GE for drone applications that require a more ruggedized and longer range solution such as those in which the drone must face harsh environmental conditions. The SkyHopper product is being integrated into a new drone service platform in one of GE’s subsidiaries. While the revenue to date is small, this sale is a testament to the quality and capabilities of Mobilicom’s product offerings.

ExxonMobil
Mobilicom has delivered and is deploying additional hardware units exceeding $100,000 to the oil and gas giant ExxonMobil.

Technical teams from Mobilicom and ExxonMobil worked together to co-design a unique solution for major players in the oil and gas industry, for large sites spanning up to 100km that comprise mobile platforms and ships.

Mobilicom’s innovative technology for off-shore deployments offers ExxonMobil new capabilities, integral to the unique ExxonMobil project sites. The technology is configured with transferable mobile platforms and rigs which move between fixed rigs and platforms alongside support vessels.

Nexter
Mobilicom recently completed a successful demonstration and proof-of-concept with Nexter Robotics, part of leading European land defense business Nexter Group. Nexter used Mobilicom’s MCU products and the new underground networking solution, with a unique solution enabling Nexter’s robotics to operate indoors, in warehouses, as well as underground. Mobilcom’s new MCUs will enable relay and the operation of fleets of robotics without the need for GPS, thereby enabling underground and indoor operations.

Nexter is a leading French land defense company that applies its expertise in land defense systems to meet the needs of the French army and other land forces around the world. The scope of its business includes the supply of weapon systems and ammunition for air and naval forces.

DLR
Mobilicom recently completed an initial sale and integration with Germany’s national center for aerospace, energy and transportation research, DLR. DLR has developed a new drone platform based on one of Mobilicom’s MCU products. Mobilicom’s solution will allow for MESH communication, thereby enabling multiple drones to communicate among each other as well as with control stations.

The German Aerospace Center (DLR) is the national aeronautics and space research centre of the Federal Republic of Germany. Its extensive research and development work in aeronautics, space, energy, transport, digitalisation and security is integrated into national and international cooperative ventures. DLR has approximately 8,000 employees at 20 locations in Germany, with a budget of more than two billion euros.

Mobilicom’s CEO Oren Elkayam commented on these developments:

“The collaboration with ExxonMobil is unique in that together we have created a solution for a site that is consistently changing. This has taken our relationship with the oil and gas giant to a new level, bringing in recurring sales as well as working directly with its technicians to develop solutions.

“The sales and integrations we are achieving with the likes of GE, DLR and Nexter are testament to the quality of our technology.”

Mobilicom to present at TechKnow Invest Roadshow

Mobilicom Limited (Mobilicom) is pleased to announce that the Company will be presenting at one of Australia’s premier technology investor events, TechKnow.

TechKnow is being held at the Radisson Blu Hotel in Sydney on 30 October 2018 and at the Grand Hyatt Hotel in Melbourne on 1 November 2018.

Mobilicom’s CEO, Oren Elkayam will present at the conference and provide an overview of the Company’s growth strategy, discuss key company achievements and milestone targets for FY18-19. Mobilicom will also participate in one-on-one meetings with investors at the conference. A copy of the slide deck will be available on Mobilicom’s website following the presentation.

Further information on the TechKnow Invest Roadshow can be found at:
https://www.techknowinvestroadshow.com.au/

Airbus integrates Mobilicom’s solution

  • Global aerospace leader Airbus has chosen Mobilicom’s SkyHopper solution to be integrated into its drone innovation platform
  • Sale to Airbus, one of the world’s top aeronautics and space companies is a testament to the quality of Mobilicom’s technology and capabilities
  • Sale broadens SkyHopper’s worldwide presence and validates the SkyHopper solution
  • Airbus to present the world-first solution at upcoming UAV show in France

Mobilicom Limited (Mobilicom) is pleased to announce that it has received an order from world-renowned global aerospace pioneer Airbus.

Airbus has integrated Mobilicom’s SkyHopper Pro into its innovation DJI drone commercial platform solution. The platform is used to broaden Airbus’ vision and demonstrate its mission operation algorithm and software in the commercial and homeland security drone space.

Airbus is a global leader in aerospace and develops cutting-edge technologies to shape the future of flight. Airbus delivers aerospace products, services and solutions to customers on a global scale and is one of the top aeronautics and space company worldwide with over 67 Billion Euro in revenues and over 129,000 employees worldwide (2015).

SkyHopper by Mobilicom is used as a communication solution for control, telemetry and video or payload sharing to and from the drone platform to the ground control systems and users. Airbus is exploring the use of SkyHopper’s holistic solution and end-to-end product offering as part of the system.

Mobilicom’s CEO, Oren Elkayam commented:

“We are proud that Airbus, one of the world’s leading aeronautical corporations, has taken an interest in Mobilicom’s products. Our performance is a perfect fit for Airbus and this sale is a key step towards expanding SkyHopper’s global presence.

“The growing interest in our cutting-edge products validates our world-leading technology and demonstrates the need for our unique solutions. Winning a partner like Airbus will greatly accelerate the company’s development and we expect will lead to further significant opportunities in the near future.”

Airbus exhibited their innovation drone platform, integrated with SkyHopper by Mobilicom in France at Drones Paris Region Expo 2018. The exhibition provides an opportunity for leading solution providers to showcase the full range of innovations and new drone technology.

Mobilicom wins substantial government contract bringing immediate revenue stream

  • Contract with Israel Ministry of Defense – Mobilicom chosen as sole provider
  • Initial purchase order exceeds $200,000
  • Mobilicom solution comprises its MCU & Mini Controller products and addresses an unmet need in government & enterprise sector
  • Excellent global sales potential with additional purchase orders expected in the short term

25 September 2018 – Mobilicom Limited (Mobilicom) is pleased to announce that it has secured a new government contract with the Israeli Ministry of Defense, with an initial purchase order exceeding $200,000.

The contract pertains to a complete avionic kit and controlling system developed by Mobilicom using the company’s MCU and Mini Controller products. The unique solution is designed for deployment in government and homeland security operations and delivers the high level of security, encryption and protection that is required for government and enterprise sector.

This solution has already been successfully field tested and deployed in Israeli federal government and homeland security operations and has been validated by the Israeli Ministry of Defense.

Mobilicom’s CEO Oren Elkayam commented: “We are excited to secure such a significant new contract with a tier one customer. For Mobilicom to be able to provide this solution and prove its value in a short period of time is a testament to the quality of our technology and capabilities.

“Given our position as sole provider on this contract and discussions to date we are confident in receiving additional purchase orders in the near future. There is also excellent potential for other significant international opportunities.”

Mobilicom strengthens Board with appointment of Jon Brett

  • Deeply experienced director – formerly on boards of Vocus Group & Investec Wentworth Private Equity
  • Supports Mobilicom’s strategy to scale up into large attractive markets & accelerate sales growth

Mobilicom Limited is pleased to announce the appointment of Mr Jon Brett as a Non-Executive Director effective 18 September 2018. Mr Brett’s appointment will strengthen the board and support Mobilicom in delivering on its strategy of scalable and profitable growth.

Mr Brett is a highly strategic and commercial senior director with a strong track record of driving transformational business performance and profitability across multiple geographies. Mr Brett is a former long-serving Non-Executive Director of ASX-listed Vocus Group, supporting the Company from inception as a small listed company to Australia’s fourth largest telecommunications provider. During his time at Vocus Group, Mr Brett was instrumental in its growth into a multi-billion-dollar company through strategic acquisition and organic growth.

Mr Brett also served as an Executive Director of specialist asset manager Investec Wentworth Private Equity, with commitments of $500m across three funds. As Executive Director at Investec Mr Brett was responsible for negotiating, acquiring and managing various investments.

Mr Brett has also held Non-Executive Director positions across several Australian companies including Godfreys Limited and The Pas Group Limited. Mr Brett was also Managing Director and CEO of Techway Limited which pioneered internet banking in Australia. He is currently Executive Chairman of Stridecorp Equity Partners, an AFSL licensed fund manager specialising in private equity.

Mobilicom’s CEO Oren Elkayam commented: “Mobilicom is now at a pivotal growth stage and the appointment of Mr Brett comes at an exciting time for us as we become a major player in the commercial drone market.

“Mr Brett brings with him a strong record in executive and non-executive roles and his extensive business experience will further strengthen the Board as Mobilicom strives to drive value for investors. His profound knowledge and depth of experience is a real coup for us and we welcome him to the team.”

Mr Brett holds a Bachelor of Commerce (Legal), Bachelor of Accountancy, Master of Commerce (Financial Management), Diploma in Datametrics (Computer Science) and is a CA(SA).

Mobilicom appoints Dr Yuval Dan-Gur as new Chief Operations Officer

  • Broadens executive management team to scale up business
  • Will help Mobilicom serve top industry players

Mobilicom Limited is pleased to announce that it has appointed Dr Yuval Dan-Gur as Chief Operations Officer effective September 2018. Dr Dan-Gur’s appointment was made to meet the demand for growth of Mobilicom’s executive team in order to scale up the business and meet its aggressive sales objectives.

Mobilicom’s CEO Oren Elkayam will continue to spearhead the business and external relations, with Dr Dan-Gur to manage the internal operations of the Company to best serve key industry players on all levels.

Dr Dan-Gur brings decades of experience within the fields of security and defense and has significant commercial global experience which will support Mobilicom’s international growth. Dr Dan-Gur has served as Vice President of engineering and research and development across several public and private companies such as leading global airborne solutions business BIRD Aerosystems & defense electronics specialist RADA.

Dr Dan-Gur is a highly experienced engineering professional who has deep experience establishing engineering and product lines from concept to success. He has significant experience penetrating new markets and has a strong understanding of mission-critical communication. He has also written for several publications on highly complex systems.

Mr Elkayam commented: “I am delighted that Mobilicom has attracted someone of Dr Dan-Gur’s caliber to join the Company as COO. Dr Dan-Gur has demonstrated the ability to manage product lines successfully and he will be invaluable in building Mobilicom’s next stage of growth.

“Our goal is to produce the best products, of the highest quality, and in turn drive the scalability of both the Mobilicom business as well as our customers businesses. I am confident that Dr Dan-Gur will bring a fresh, valuable perspective to Mobilicom’s leadership, given his deep and practical understanding of the Company’s direction, policies and processes.”

Dr Dan-Gur said: “I am really looking forward to this opportunity to help drive a business that is growing incrementally. Mobilicom has a strong executive team and all the right building blocks in place for success.”

Dr Dan-Gur holds a PhD in information systems from the University of Haifa, a B.Sc. in electrical engineering and M.Sc. in industrial engineering from Technion, Israel Institute of Technology. He has also served as a colonel in the Israel Defense Forces.