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Mobilicom and Palladyne AI Partner to Deliver Cybersecure Autonomy for Drones, Industrial Robots and Other Unmanned Systems
Globenewswire· 2025-06-26 11:00
Core Viewpoint - Mobilicom and Palladyne AI have entered a cooperation agreement to offer a bundled solution that combines Palladyne AI's autonomy software for UAVs and industrial robots with Mobilicom's OS3 cybersecurity solution, enhancing operational effectiveness and security for autonomous systems in defense and commercial sectors [1][2][3] Group 1: Partnership Details - The collaboration aims to deliver a secure, AI-driven autonomous operations solution that addresses mission success in both battlefield and manufacturing environments [2] - Mobilicom's OS3 cybersecurity software provides continuous monitoring and threat prevention, ensuring regulatory compliance and resilience during complex operations [3] Group 2: Product Features - Palladyne AI's Pilot software enhances UAV mission effectiveness through real-time multi-modal sensor fusion, enabling persistent detection and classification of objects [2] - Palladyne's IQ software for industrial robotics utilizes AI and machine learning to provide human-like reasoning, allowing robots to adapt to real-world changes and perform complex tasks [4][5] Group 3: Market Applications - Palladyne AI's software is designed for a wide range of applications, including automotive, aviation, construction, defense, and logistics, enabling various types of machines such as UAVs, UGVs, and ROVs to achieve autonomous capabilities [5][6] - The partnership is expected to elevate the return on investment for diverse robotic systems, enhancing their operational capabilities in dynamic environments [5][6]
Mobilicom to Participate in the iAccess Alpha Virtual Best Ideas Summer Investment Conference 2025 on June 24–25, 2025
Globenewswire· 2025-06-17 11:00
Core Viewpoint - Mobilicom Limited is participating in the iAccess Alpha Virtual Best Ideas Summer Investment Conference 2025, showcasing its cybersecurity and robust solutions for drones and robotics [1][2]. Company Overview - Mobilicom is a leading provider of cybersecure robust solutions for the defense and commercial drones and robotics market, with a large portfolio of field-proven technologies including cybersecurity, software, hardware, and professional services [4]. - The company has over 50 customers globally, including the world's largest drone manufacturers, and its end-to-end solutions are utilized in mission-critical functions [4]. Event Details - The conference will take place on June 24 and 25, 2025, with Mobilicom's CEO Oren Elkayam presenting on June 24 at 3:00 PM ET, followed by one-on-one meetings with investors on June 25 [1][2]. - A live webcast of the presentation will be available, and a replay will be accessible afterward on the company's website [3].
Mobilicom Appoints Technology Executive Guy Givoni to its Board of Directors
Globenewswire· 2025-06-05 20:05
Core Insights - Mobilicom Limited has appointed Guy Givoni to its Board of Directors, bringing over 20 years of experience in technology companies, particularly in cybersecurity and AI [1][2] - The company is evolving its focus towards developing cybersecurity software solutions, which are expected to significantly enhance its revenue and margins [5] Company Developments - Guy Givoni previously served on Mobilicom's Advisory Board from 2017 to 2023 and has held leadership roles in various technology firms [1][2] - Campbell McComb and Jonathan Brett have stepped down from the Board, with their departures being amicable [3][4] - Mobilicom's CEO, Oren Elkayam, expressed gratitude for the contributions of the departing directors and highlighted the company's growth trajectory [4] Strategic Focus - The addition of Givoni to the Board aligns with Mobilicom's strategy to enhance its cybersecurity software offerings, including the OS3 and ICE platforms, alongside its hardware solutions for drones and robotics [5] - Mobilicom's extensive portfolio includes cybersecurity, software, hardware, and professional services, catering to the defense and commercial drone markets [6]
Mobilicom and ARK Electronics Partner to Develop and Launch Cybersecure Solutions for Mass-Market Drone and Robotics Platforms
Globenewswire· 2025-05-20 11:00
Core Insights - Mobilicom and ARK Electronics have formed a strategic partnership to develop affordable cybersecure solutions for mini and small-sized drones and robotics platforms, with the first product expected to launch in the second half of 2025 [2][4][6] - The mini and small-sized drones market was valued at $5.8 billion in 2023 and is projected to grow at a CAGR of 8.6%, reaching $10.4 billion by 2030 [2] - The partnership aims to combine Mobilicom's OS3 cybersecurity software with ARK's AI-driven hardware, enhancing the security and performance of uncrewed systems [4][6] Company Overview - Mobilicom is a leading provider of cybersecurity and robust solutions for the defense and commercial drones and robotics market, with a portfolio that includes software, hardware, and professional services [8][9] - ARK Electronics specializes in designing and manufacturing made-in-the-USA drone electronics, focusing on advanced technologies for drones [7] Market Context - The partnership is positioned to address the growing demand for secure and efficient technologies in both commercial and defense sectors, particularly as the market for mini and small-sized drones expands [2][4] - Both companies have products listed on the Blue UAS Framework, which is a vetted list of products available for procurement by the U.S. Department of Defense [5]
Mobilicom Provides First Quarter 2025 Update and Financial Highlights
Globenewswire· 2025-05-19 11:00
Core Insights - Mobilicom Limited has achieved significant milestones, including the addition of its SkyHopper products to the U.S. Department of Defense's Blue UAS Framework, which is expected to enhance demand from Tier-1 global OEMs in the defense and commercial UAS markets [2][3][4] - The company reported a strong cash position of approximately $8 million and a narrowing monthly cash burn rate of about $266,000, providing a solid financial runway to capitalize on market opportunities [4][7] Financial Highlights - Revenues for the three months ended March 31, 2025, were $844,000, with around 40% derived from U.S. customers [7] - The confirmed order backlog as of March 31, 2025, was $737,000, expected to be fulfilled in the first half of 2025, with additional revenue potential from a robust pipeline of opportunities [7] - The company received production scale orders totaling over $800,000 from a major U.S. drone manufacturer for the SkyHopper PRO, which is critical for DoD programs [7] Operational Highlights - Mobilicom has secured initial production scale orders from a Tier-1 Asian conglomerate, indicating geographic expansion into the Asia-Pacific region [7] - The partnership with Aitech Systems aims to deliver aerospace and defense-grade solutions for next-generation autonomous AI-driven UAS platforms, marking a significant milestone for the rollout of OS3 cybersecurity software [7][8] - The company was selected for a $390,000 innovation program to develop Enhanced Electronic Warfare communications systems for UAVs, showcasing its commitment to advancing its technology offerings [13]
Mobilicom’s Cybersecure Drone and Robotics Solutions to Feature at Key U.S. Defense & Autonomy Industry Events
Globenewswire· 2025-05-05 11:00
Core Insights - Mobilicom Limited is participating in three significant U.S. defense industry and autonomy technology events to showcase its cybersecurity and robust solutions for drones and robotics [2][3] - The company has been added to the U.S. Defense Innovation Unit's Blue UAS Framework, indicating that its systems meet the Department of Defense's rigorous standards [3] Event Participation - Mobilicom will feature its systems at the following events: - Modern Day Marine 2025 in Washington D.C. from April 29 to May 1, 2025, which is the largest military equipment exposition for Marines and authorized industry representatives [4] - Special Operations Forces (SOF) Week 2025 in Tampa, Florida from May 5 to 8, 2025, aimed at fostering collaboration and showcasing modern special operations capabilities [5] - XPONENTIAL 2025 in Houston, Texas from May 19 to 22, 2025, which will gather over 7,500 experts in autonomous technology from more than 20 industries and 60 countries [6] Presentations by CEO - CEO Oren Elkayam is scheduled to deliver presentations at XPONENTIAL 2025 on: - Securing Autonomous Vehicle Networks with Advanced Intrusion Detection Technology on May 20, 2025 [7] - Navigating Electromagnetic Warfare: Dynamic Spectrum Strategies for UAV Resilience on May 20 and May 21, 2025 [7] Company Overview - Mobilicom is recognized as a leading provider of cybersecure solutions for the defense and commercial drones and robotics market, with a portfolio that includes cybersecurity, software, hardware, and professional services [8]
One of U.S.’s Largest Drone Manufacturers of Small-Sized Drones Places its 6th Production Scale Order for Mobilicom’s Cybersecure Drone Solutions
Globenewswire· 2025-04-22 11:00
Core Insights - Mobilicom Limited has received its sixth commercial scale follow-on order for its SkyHopper PRO datalinks from a Tier-1 U.S. drone manufacturer, indicating strong demand and ongoing growth in the defense sector [1][2] - The company reported a 45% increase in year-over-year revenues in 2024, attributed to a growing number of orders from global Tier-1 customers [3] - SkyHopper PRO is recognized for its superior performance in size, weight, power, and cost (SWaP-C) and complies with U.S. National Defense Authorization Act (NDAA) standards [4] Company Overview - Mobilicom is a leading provider of cybersecurity and robust solutions for the defense and commercial drones and robotics market, with a diverse portfolio of technologies [5] - The company has established a strong presence with over 50 customers, including major drone manufacturers, and its solutions are utilized in mission-critical applications [5] Product Details - SkyHopper PRO is a Secured Cognitive Software Defined Radio (SDR) designed for harsh environments, showcasing combat-proven performance [4] - The product was selected over four competitors after extensive field testing, highlighting its competitive edge in the market [2]
Mobilicom Secures Initial Production Scale Orders from a Tier-1 Asia-Based Robotics Manufacturer
Newsfilter· 2025-04-10 11:00
Core Insights - Mobilicom Limited has received initial production scale orders from a Tier-1 Asian conglomerate, marking a significant expansion into the Asia-Pacific region and growth in the robotics sector [1][3] - The orders include products from three of Mobilicom's product families: MCU Mesh Networking, SkyHopper Datalinks, and Mobile Ground Stations, demonstrating the company's successful end-to-end product strategy [2] - The CEO of Mobilicom highlighted that while the company has historically focused on sales in the U.S., Europe, and Israel, there is now increased commercial traction in Asia, indicating new momentum in the robotics market [3] Company Overview - Mobilicom is a leading provider of cybersecurity and robust solutions for the defense and commercial drones and robotics market, with a large portfolio of technologies that include cybersecurity, software, hardware, and professional services [4] - The company's solutions are deployed globally with over 50 customers, including major drone manufacturers, and are utilized in mission-critical functions [4]
Mobilicom (MOB) - 2024 Q4 - Annual Report
2025-03-27 20:21
Exhibit 99.1 Mobilicom Reports 2024 Year-End Financial Results: Record Revenues Up 45% Revenue momentum continues with robust gross margins, reduced operating expenses Major recent wins expected to drive growth include the addition of Mobilicom's systems to the U.S. Department of Defense's (DoD) Blue UAS Framework and its OS3 cybersecurity software platform for AI-Driven drones and robotics Strong cash position of $8.6 million with low average monthly net burn rate of $267K provides a long cash runway to su ...
Mobilicom (MOB) - 2024 Q4 - Annual Report
2025-03-27 20:15
Revenue and Profit - Revenue for the year ended December 31, 2024, was $3,180,565, representing an increase of $986,774 or 45% compared to $2,193,791 in 2023, primarily driven by increased orders for defense purposes [228]. - Gross profit for the year ended December 31, 2024, was $1,831,854, with a gross margin of 58%, slightly down from 59% in 2023, attributed to high-end IP-based technology and effective cost-reduction strategies [231]. Expenses and Losses - Total expenses for the year ended December 31, 2024, were $10,342,492, an increase of $3,716,140 compared to $6,626,352 in 2023, largely due to fair value losses from financial liability [232]. - Fair value losses from financial liability surged to $4,251,756 in 2024, a dramatic increase of $3,921,548 or 1,088% compared to $330,208 in 2023, linked to revaluation of warrants issued during public offerings [237]. - As of December 31, 2024, the company incurred a net loss of $8.0 million and has accumulated losses of $30.4 million since inception [251]. Research and Development - Research and development expenses increased by $190,607 or 10% to $2,127,409 in 2024, mainly due to higher costs associated with new product development and increased subcontractor expenses [234]. - The company is focused on developing new products, including a comprehensive security solution for uncrewed missions, to enhance its market position in the SUAV and robotics sectors [234]. Cash Flow and Financing - Cash and cash equivalents as of December 31, 2024, were $8.6 million, with total receivables recognized at $949,225, indicating adequate financial resources for at least 12 months [253]. - Net cash used in operating activities decreased to $3,206,549 in 2024 from $4,162,587 in 2023, primarily due to an increase in receipts from customers of $1,424,409 [257]. - Net cash provided by financing activities was $3,475,156 for the year ended December 31, 2024, compared to a net cash used of $271,616 in 2023, mainly from share issuances [261]. - The company entered into an At-The-Market Sales Agreement in February 2025 to offer ADSs with an aggregate offering price of up to $10.0 million [265]. - The January 2024 Offering generated gross proceeds of $2.95 million from the issuance of ADSs and warrants [266]. Grants and Income - Government grants from IIA for the year ended December 31, 2024, were $187,718, a decrease of $9,323 or 5% compared to $197,041 in 2023 [228]. - Interest income decreased by $23,707 or 8% to $269,771 in 2024, primarily due to lower levels of funds invested in interest-bearing bank deposits [229]. Market Strategy - The company aims to expand its global customer base by increasing design wins and pilot projects, targeting the commercial segment leveraging experience from the defense sector [225]. - Sales and marketing expenses decreased by $122,774 or 6% to $1,965,426 in 2024, attributed to changes in headcount and lower overhead costs [233]. Risk Factors - The company is exposed to liquidity risk but believes existing funds will cover operating expenses for the next twelve months [416]. - A 10% devaluation of the USD$ to the NIS could increase the net loss by approximately $329,000, while a 10% appreciation could decrease it by approximately $269,000 [415].