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.