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.
https://mobilicom-ltd.com.au/wp-content/uploads/2019/02/cyber-security.jpg34565184kristinahttps://mobilicom-ltd.com.au/wp-content/uploads/2017/10/MobilicomLtdLogo.pngkristina2021-03-11 08:55:522021-03-11 09:33:28Israeli Ministry of Defense & Israel Innovation Authority grant additional funding of Mobilicom’s cybersecurity program