Mobilicom Limited (NASDAQ: MOB) shares move upward early Thursday. The company, a provider of cybersecurity and robust s solutions for drones and robotics, today announced a repeat purchase order for its Mobile Ground Control Systems from a cutting edge manufacturer of remote controlled weapons systems platforms.
This morning’s news release said the remote controlled weapons system which integrated Mobilicom’s Ground Control Weapons Systems was successfully demonstrated to several militaries. Ramp-up of larger scale orders is expected from this customer as well as other prospective military customers.
Remote controlled weapons systems are one of the fastest growing segments of the defense industry, growing at a CAGR of 11% and projected to reach $20 billion by 2030. Use of these systems has increased as they are capable of protecting the weapons operator through remote control technologies and are equipped with light and medium caliber weapons on a broad range of crewed and uncrewed vehicles.
Mobilicom’s suite of handheld ruggedized Mobile Ground Control Stations support uncrewed autonomous vehicle operations with an advanced human interface that enables smart, effective, and easy control of uncrewed systems in complex situations and severe conditions.
Said Mobilicom CEO Oren Elkayam. “We have 44 design wins to date, and many, like this one, are expected to lead to commercial scale-up as our manufacturing customers successfully demonstrate and sell systems which integrate Mobilicom’s industry-leading solutions and systems.”
MOB shares were higher seven cents, or 6.3%, to $1.18.
