Mobilicom Secures $900,000 Initial Production-Scale Order from Global Tier-1 Israel-Based Defense & Drone Manufacturer

SHOHAM, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has received a $900,000 purchase order from a current customer, an Israel-based Tier-1 global defense technology company, drone manufacturer, and one of the world’s largest producers of loitering munitions. The customer’s loitering munitions solutions are already sold to 42 countries. Mobilicom’s SkyHopper Pro Micro is now integrated into this loitering munition platform, a micro-sized drone optimized for use in urban settings. The order marks the customer’s shift from a design win phase into the beginning of large-scale manufacturing orders. Shipments are to commence immediately and are planned to be completed by the end of Q1 2024.