Mobilicom Limited (NASDAQ: MOB) shares gained ground Wednesday. The company, a provider of cybersecurity and robust communications solutions for drones and robotics, today announced a new design win with a Tier-1 Israel-based defense company a global leading loitering munitions provider for a next-generation, short-to-mid-range loitering munition platform.
The design win expands Mobilicom’s relationship and technology footprint with the Tier-1 customer and broadens the deployment of the Company's software and hardware offering to a new platform designed to meet the evolving needs of defense forces worldwide.
The customer’s selection followed a field testing under realistic operating scenarios, where Mobilicom’s recently launched SkyHopper Multiband solution demonstrated their ability to maintain connectivity over extended distances and within demanding operating environments.
“This repeat selection by a Tier 1 defense customer demonstrates how continued product innovation, combined with trusted, long-standing relationships, enables Mobilicom to address customers’ evolving operational needs,” said CEO Oren Elkayam.
“Following successful field testing, our newly launched SkyHopper MultiBand and Tactical solutions were selected to meet the demanding communications and electronic warfare requirements of the customer’s next-generation loitering munition platform.
“This design win expands our technology footprint with an established Tier-1 customer and creates an opportunity to support the platform as it advances toward future mass production and global deployment.”
MOB shares picked up 16 cents, or 2.9%, to $5.78.
