Business
Mobilicom Secures $100,000 Initial Order from New Tier-1 Customer
Mobilicom is now supplying 8 Tier-1 drone manufacturers worldwide, proving market adoption and indicating near-term commercial-scale revenue potentialThe
About this update from Mobilicom Limited
[{"type":"text","content":"Mobilicom is now supplying 8 Tier-1 drone manufacturers worldwide, proving market adoption and indicating near-term commercial-scale revenue potentialThe order is expected to be followed by substantial additional purchases of Mobilicom’s end-to-end solutions for integration into customer’s entire family of small-sized UAV drones The new Customer is a very large Asia-based conglomerate, thus opening a new geographic market for Mobilicom Shoham, Israel, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW, ASX: MOB,), a provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms, today announced the Company has secured a major design win and initial purchase order of over $100,000 USD from a new customer, a very large Tier-1 Asia-based small-sized drone manufacturer. This latest win further proves Mobilicom’s success in the execution of its end-to-end product strategy, as the order consisted of three of Mobilicom’s product families, including Mobilicom’s MCU mesh networking, SkyHopper Datalinks, and mobile ground control stations. Mobilicom’s bundled solutions will be integrated across the Customer’s entire family of small-sized drones and unmanned autonomous vehicles (UAV). This Customer has aggressive plans and a substantial committed budget to expand its drone product line through large-scale manufacturing capacity. “Following extensive and in-depth field testing, Mobilicom was chosen to partner this Customer as it builds its drone production business in Asia, creating a new market for Mobilicom. We are delivering on our business growth projections in line with our strategy of securing design wins that are expected to deliver substantial recurring orders. as our Tier-1 partners scale their production of drones to meet the increasing demands of the market,” stated Mobilicom CEO Oren Elkayam. “We strongly believe this latest win for Mobilicom demonstrates confidence in us and the understanding of the benefits of our bundled solutions to ensure solution performance, accelerated time to market, wholistic security, and cost-effectiveness.” “To date, Mobilicom has scored design wins and/or sold systems for integration to 8th Tier-1 small-size drone manufacturers worldwide. We believe this illustrates Mobilicom’s market leadership in delivering end-to-end so...