ExxonMobil system integrator expands deployment of Mobilicom technology

  • Customer’s overall investment with Mobilicom has exceeded $500,000 to-date for this site
  • Increased opportunity for further deployment into global offshore sites with this customer

23 May 2017 – Mobilicom Limited, developer of 4G Mobile MESH private networking technology, is pleased to announce it has reached sales exceeding $500,000 to an offshore oil and gas site after a new purchase order of $170,000 with the site’s system integrator.
Upon installation and approval of the technology, Mobilicom expects the continuous activity with the customer will lead to deployment at numerous additional offshore sites worldwide.
The new sale marks a growing relationship that Mobilicom has with the ExxonMobil systems integrator. Since the Company delivered on and successfully installed its first purchase order, Mobilicom has worked jointly with the customer to elevate its protection against cyber threats from outside and within. This brings its security to a new level with the recent release of an enhanced security package.

“Our plan is to continue this partnership with a global site expansion following the upcoming installation of the new Mobilicom units,” stated Oren Elkayam, Mobilicom Managing Director.
“As this customer has numerous offshore sites positioned around the world, we have enormous growth potential in the sector. Seeing as thus far Mobilicom’s deployment with this customer has been successful, garnering ongoing demand for Mobilicom’s solutions, the Company sees a great opportunity for continued deployments with the customer for years to come.”

Using Mobilicom’s core technology, merging 4G with mobile-mesh networking, employees at offshore oil and gas sites can communicate and share high-definition video, VoIP and broadband data. The Mobilicom offering can be provided at less than 20% of the capital cost, and zero operational fees, as compared to existing methods such as satellite communications technology.

Mr Elkayam added: “This commercial deployment with an industry giant proves our solution and will drive sales with other leading customers in the oil and gas industry.”

Mobilicom releases enhanced security package for oil & gas giant

Designed especially for requirements of high profile oil & gas customer Combats internal & external cyber hacking threats

Further improves Mobilicom’s offering versus competing technologies Opportunity for deployment in hundreds of offshore sites

16 May 2017 – Mobilicom Limited, an Israeli-based developer of bound-free mobile private network technology, has released security enhancements designed to meet the specific requirements of a major customer in the oil and gas sector that has adopted Mobilicom’s offering.

The security enhancements will enable the expansion of Mobilicom’s solution within existing and into additional sites controlled by the oil and gas giant.

The new security package increases the level of protection against hacking threats from both within and outside the network, while also providing IT managers another layer of security for system access. Importantly the security and encryption of Mobilicom’s technology makes it highly immune to cracking tools widely available over the web. Such tools have proven to be highly effective against alternative, standard wireless solutions such as WiFi-mesh. This therefore positions Mobilicom as a solution of choice for future enterprise and government organisations.

Using Mobilicom’s core technology, merging 4G with mobile-mesh networking, employees at offshore oil and gas sites can communicate and share high-definition video, VoIP and broadband data. The Mobilicom offering can be provided at less than 20% of the capital cost, and zero operational fees, as compared to existing methods such as satellite communications technology.

“With a large number of offshore oil and gas sites around the world, the opportunity for Mobilicom is outstanding,” said Mobilicom Managing Director Oren Elkayam.

“Typical installation on a new site is expected to generate A$300,000-$500,000 in revenue for Mobilicom, which is made even more attractive when factoring in the excellent margins we achieve on our hardware.”

“Cyber-attacks and hacking threats are rising exponentially, and companies who are susceptible to such risks are held responsible for any consequences. This makes security a critical issue for both governments and enterprises.”

ASX Logo

Mobilicom commences trading on the ASX

Highlights

  • Mobilicom listed on the ASX today following completion of $7.5 million IPO
  • Mobilicom’s technology allows private and secured mobile wireless communication networks without the need for any existing infrastructure
  • Services more than 30 clients across Europe, Asia and the US including large multinationals
  • Funds from IPO to enable growth across government and expansion into the commercial sector

2 May 2017 – Mobilicom Limited, an Israeli-based developer of bound-free mobile private network technology, commences trading on the Australian Securities Exchange (ASX) today at midday following the completion of an Initial Public Offering (IPO) which raised $7.5 million through the issue of 37.5 million new shares at $0.20 per share. The Company has a market capitalisation of $43.5 million with the trading code MOB.

Mobilicom provides private wireless networks for mobile platforms and users without the need for any existing infrastructure. Based in Israel, it has already established a global reach with more than 30 clients in 12 countries across Europe, Asia and the United States which includes large multinational corporations.

Mobilicom’s core technology merges 4G with mobile mesh networking to create solutions for various government and enterprise applications including off-shore oil & gas, train transportation, disaster relief, security & surveillance and government drones & robotics. Users can communicate and share high-definition video, VoIP and broadband data.

The Company will use the funds from the IPO to grow its marketing and sales activities in the current government and gnterprise sector, as well as expand into the commercial sector with development and release of new products for rapidly growing markets.

CEO Oren Elkayam, who co-founded the company with Vice President of Research and Development Yossi Segal, said he was thrilled to see Mobilicom successfully list on the ASX, with the IPO significantly oversubscribed after receiving outstanding support from investors across Australia and Hong Kong.

“A great deal of work has gone into preparing us for the listing and I am pleased we have achieved that. We are excited to be starting our journey as an ASX-listed company and we expect to provide a strong flow of good news over the coming months,” he said.
“We have established our capability in the government and enterprise sector, having deployed our solutions with a range of customers all around the world. Next the company will leverage its proven technology and expertise to expand into the commercial sector.”

Melbourne-based Lodge Corporate Pty Ltd was lead manager for the IPO.