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.”