NWR Virtual Small Cap Investor Conference, Series 5

Drone industry is flying off the back of escalating global tensions

StockTalk is a Stockhead video series featuring a roundtable of experts discussing a new investment topic each week. In this edition, host Dr Nigel Finch discusses the high-flying drone market.

Populating the expert panel this week is Philippe Odouard, managing director of XTEK (ASX:XTE), Oren Elkayam, CEO and co-founder of Mobilicom (ASX:MOB) and Oleg Vornik, CEO of DroneSheild (ASX:DRO).

 

The drone industry is already a $100bn market — here are some clues for where it may fly next

 

Deploying tech developed in Israel, Mobilicom has signed agreements to supply components with 74 of the 160 drone manufacturers globally.

Hart also noted the potential of additional memorandums of understanding (MOUs) the company has signed with other major distributors.

“They’ve also set up a communications platform which can operate independent of network infrastructure, which means it’s not dependent on towers or satellites,” he said.

“So that’s a relevant use-case on days like today in NSW, where emergency services in areas with low coverage could use a secure reliable communications network.

“So we think that gives the company a platform for growth that’s in line with the broader growth in commercial drone technology, because of their offerings that address a lot of those problems that applications in the sector are looking to solve.”

To read the complete article, click here.

 

Photo Credit:Getty Images via Stockhead

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