Shoham, Israel, June 29, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW ; ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced the launch of its latest product, the MCU-70, the latest in its MESH (device-to-device) Networking Cybersecure Software Defined Radio (SDR) Series delivering high-performance wireless communications. With its relatively small size and lightweight design, MCU-70 delivers superior performance for mid-sized and long-range unmanned aerial vehicles (UAVs) where form-factor-to-capability performance is critical. Designed for durability in rugged outdoor environments, MCU-70’s communications range of up to 100 miles/150km equips drones with the communications needed for new missions and applications, expanding Mobilicom’s addressable markets for both commercial and military applications.
MCU MESH NETWORKING
MCU-70 Air Data Terminal
Commercial uses include beyond line of sight (BVLOS) long-range inspections including electric utility transmission lines, oil and gas pipelines, and railways, as well as long-range delivery functions.
Military applications include UAVs and vertical takeoff and landing (VTOL) for intelligence, surveillance, reconnaissance missions, and loitering (also known as suicide or kamikaze drones) as well as border and sea patrol.
Mobilicom’s latest MCU product improves communications link performance of mobile mesh (device-to-device) and wireless mobile IP communications for high-definition video and data which expands coverage distance while fortifying stability, resilience, and durability. MCU-70 is U.S. National Defense Authorization Act (NDAA) compliant.
MCU-70, just like Mobilicom’s entire MESH Networking suite and its SkyHopper Datalinks, is a cybersecure SDR that comes installed with the base level of the Company’s industry-leading security software. Additionally, Mobilicom’s ICE Cybersecurity suite can be layered on the networked hardware and software systems for a comprehensive and holistic protection strategy. The MCU product family has a well-established track record of success, field proven with many of Mobilicom’s Tier-1 global customers under a wide range of deployments on various products and platforms.
“Our latest secure communications product, MCU-70, opens up new markets for Mobilicom while delivering an even stronger value proposition to our Tier-1 manufacturing customers that can integrate our end-to-end solutions for their small and mid-sized long-range drones. As the industry evolves, the long-range drone segment is set to grow to $38 billion over the next decade and we are well positioned to provide the critical systems that drive high-performance drones for both commercial and military applications, “said Mobilicom CEO Oren Elkayam.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones and robotics focussing primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, and the Company derives revenue from hardware, software sales & licensing fees and professional support services.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
SHOHAM, Israel, May 22, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has received a purchase order for its end-to-end product solution from a leading global provider of autonomous and remote-controlled armor technology.
Based on a previous design win, Mobilicom’s Mobile Ground Control Station 10” Pro, MCU Mesh Networking, and SkyHopper Datalinks will be installed into autonomous and remote-controlled electric vehicles (EVs) sold to customers in the homeland security and defense markets.
Mobilicom’s MCU Mesh Networking technology suite enables the remote-controlled operation of the ruggedized EV and sends and receives video, location, telemetry, and control information. The Mobile Ground Control Station Pro 10’’ is the console used by the operator to remotely drive, operate and monitor the vehicle, while the SkyHopper Datalinks provide backup communications to maintain safety at all times. Redundant safety links provide the ability to halt the operation in case of an emergency.
“This purchase order marks the first in a line of expected orders for initial delivery to customers by our design-win partner, an armor and autonomous vehicle provider,” said Mobilicom CEO and Founder Oren Elkayam. “By integrating multiple products into a turn-key bundle that is ready for deployment, we are achieving design wins, and purchase orders, and Mobilicom is building a platform for wider commercial-scale shipments.”
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones and robotics focussing primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, and the Company derives revenue from hardware, software sales & licensing fees and professional support services.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
SHOHAM, Israel, May 09, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced a repeat purchase order for its robust end-to-end solutions from by a leading UAE government organization. The customer purchased Mobilicom’s entire product offering, including hardware and software, demonstrating the effectiveness of Company’s end-to-end solutions strategy for uncrewed and autonomous systems.
Recognized as one the most advanced drone markets in the world, the UAE government has invested heavily in drone, robotics and autonomous platforms across a broad range of government and commercial applications. The country has established clear drone regulations including for delivery of medical and commercial goods.
This order follows a recent design-win and purchase order from another leading UAE customer for Mobilicom’s MCU Mesh Networking, SkyHopper Datalinks, and Mobile Ground Control Stations which were used to test, develop and design a wide array of uncrewed solutions and implement advanced drone fleet operations for different market applications.
“The ongoing business collaboration in the UAE, one of the most advanced rising drone markets in the world, once again proves Mobilicom’s leadership in technology.” said Mobilicom CEO and Founder Oren Elkayam. “This is a key geographic market that we are beginning to penetrate.”
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones and robotics focussing primarily on targeting global small-size drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, and the Company derives revenue from hardware, software sales & licensing fees and professional support services.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
SHOHAM, Israel, May 05, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced it will showcase its battle and field-tested portfolio of products and solutions to procurement specialists from the U.S. Department of Defense (DOD) and other key decision makers at SOF Week in Tampa, Florida on May 8-11, 2023.
SHOHAM, Israel, May 04, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced it will exhibit and demo its end-to-end solutions at the Cybersecurity Pavilion in Booth #3112 at the Association of Uncrewed Vehicle Systems International (AUVSI) XPONENTIAL 2023 trade show and conference which will take place in Denver, Colorado on May 8 – 11, 2023.
Building U.S. market presence including a new strategic partnership with a prime contractor for the U.S. Department of Defense
Building U.S. market presence including a new strategic partnership with a prime contractor for the U.S. Department of Defense
Key Highlights
| ● | A$1.2 million new orders in Q1 FY23 with over 50% from Tier-1 drone manufacturers |
| ● | A$18 million cash balance at 31 March 2023 |
| ● | Successfully demonstrated use of 5G AI synchronized mesh network for autonomous vehicles with WIN Consortium |
| ● | Industry leading role in setting standards as member of Association for Uncrewed Vehicle Systems International (AUVSI) Cybersecurity Working Group |
| ● | Implemented share buyback of small parcel holdings |
SHOHAM, Israel, April 28, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW, ASX: MOB) is pleased to provide this activity update for the quarter ended 31 March 2023 (Q1 FY23), along with the Company’s Appendix 4C cash flow report.
Operational Overview
In Q1 FY23, Mobilicom made further inroads into the American market, including the U.S. defence industry. Mobilicom continued to fulfill existing contracts, advance potential new orders from a broad range of Tier-1 drone manufacturers, as well as potential repeat and commercial scale orders from its recent design wins.
Commenting on the Company’s Q1 2023 performance, Mobilicom CEO Oren Elkayam said, “The U.S. uncrewed drone and robotics industry drives much of the global trends for the most advanced technologies used both in military and commercial applications and Mobilicom made significant inroads into this market during the first quarter, both directly and through our new U.S. strategic partner, a prime contractor for the U.S. Department of Defense (DOD).
“We continue to prove our technology leadership, as evidenced in A$1.2 million in new sales during the first quarter, and most recently through a successful demonstration of a 5G AI synchronized mesh network for autonomous vehicles. Mobilicom is at the forefront of knowledge in this space, and we expect the outcome of this research will lead to an expansion of our IP portfolio and be incorporated into our future products for commercial and industrial drones, robotics and autonomous platforms.”
“Because of our technology and our knowledge base in the uncrewed industry for commercial and defense applications, Mobilicom was invited to join the AUVSI Cybersecurity Working Group with the aim of standards setting as well as meeting with U.S. Congress members regarding policy impacting the industry. Our extensive field-proven experience should prove valuable in helping to enable the implementation of cybersecurity in uncrewed commercial and defense applications.”
Strategic partnership
Mobilicom entered a strategic partnership with Mistral Inc., a Bethesda, Maryland based provider of advanced systems and unmanned platforms to the U.S. DOD, federal, and law enforcement agencies.
Mistral is working on integrating Mobilicom’s products into U.S. defense industry and U.S. DOD-related requisitions.
Demonstration of AI wireless systems for 5G
In conjunction with the WIN Consortium, whose partners include leading companies and academic institutions such as Elbit Systems (Nasdaq: ESLT), CEVA (Nasdaq: CEVA), Ceragon Networks (Nasdaq: CRNT) and Ben Gurion University, Mobilicom successfully demonstrated the use of a 5G AI synchronized mesh network for autonomous vehicles. Mobilicom also worked closely with these consortium partners to develop and test AI and machine learning (ML) in a 5G field test of device-to-device systems for applications including drones and drone security. Other applications for this technology include autonomous vehicles and drones for industrial and defence needs.
Industry leadership, standards setting, and government advocacy
Mobilicom became a member of AUVSI and the Fortress Information Security Trusted Cyber Program Cybersecurity Working Group which is developing enterprise cybersecurity standards to address cyber risks specific to uncrewed systems and robotics. As a contributing member of the group, Mobilicom is working alongside leading defence, drone, and cybersecurity companies including Boeing, Boston Dynamics, Northrup Grumman, and Raytheon. AUVSI is the world’s largest non-profit organization dedicated to the advancement of uncrewed systems – maritime, land robotics, and drones. Mobilicom, along with the Cybersecurity Working Group, will present group standardization results at AUVSI’s Xponential Conference in May 2023 in Denver, Colorado.
On March 22, 2023, Mobilicom met with members of the U.S. Congress to advocate for drone cybersecurity during AUVSI’s Hill Day in Washington D.C. Through face-to-face meetings with policymakers, Mobilicom presented the critical importance of cybersecurity for the drone industry’s evolution and for the safety of uncrewed autonomous systems users including in military and civilian use cases.
Share buyback
Mobilicom has undertaken a share buyback of small parcel holdings of its ASX listed shares. The Sale Facility allows those shareholders who hold less than A$500 of shares to sell their shares cost effectively without incurring brokerage or other transaction costs, while also assisting the Company to reduce the costs associated with servicing smaller shareholdings.
Financials
In Q1 FY23 Mobilicom secured A$1.2 million confirmed orders with over 50% from Tier-1 players.
Mobilicom is well-funded for growth with a cash balance of A$18 million as of 31 March 2023 enabling support in continuing strategic growth plans.
Q1 FY23 expenses were lower than previous quarters, reflecting conservative cash management.
Related party payments noted in Section 6 of the accompanying Appendix 4C relate to payment of executive and non-executive Director fees and salaries.
Outlook
We are progressing our plan to implement our cybersecurity solution offering in line with evolving U.S security standards for commercial and military applications. With our Nasdaq listing, we continue to broaden our U.S. investor base which further supports our product rollout to the U.S. defence industry.
Mobilicom is working closely with recent design win customers to support their progress toward market deployment and manufacturing scalability for systems that include our products. We continue to demonstrate our advanced technology and leadership at upcoming industry events.
2
Authorised for release by the Board of Mobilicom Limited.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers robust solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
3
Appendix 4C
Quarterly cash flow report for entities
subject to Listing Rule 4.7B
| Name of entity | ||
| Mobilicom Limited
|
||
| ABN | Quarter ended (“current quarter”) | |
| 26 617 155 978 | 31 March 2023 | |
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (3 months) $A’000 |
||||||||
| 1. | Cash flows from operating activities | |||||||||
| 1.1 | Receipts from customers | 451 | 451 | |||||||
| 1.2 | Payments for | |||||||||
| (a) research and development | (318 | ) | (318 | ) | ||||||
| (b) product manufacturing and operating costs | (59 | ) | (59 | ) | ||||||
| (c) advertising and marketing | (331 | ) | (331 | ) | ||||||
| (d) leased assets | (105 | ) | (105 | ) | ||||||
| (e) staff costs | (979 | ) | (979 | ) | ||||||
| (f) administration and corporate costs | (437 | ) | (437 | ) | ||||||
| 1.3 | Dividends received (see note 3) | – | – | |||||||
| 1.4 | Interest received | – | – | |||||||
| 1.5 | Interest and other costs of finance paid | 64 | 64 | |||||||
| 1.6 | Income taxes paid | – | – | |||||||
| 1.7 | Government grants and tax incentives | 106 | 106 | |||||||
| 1.8 | Other (provide details if material) | – | – | |||||||
| 1.9 | Net cash from / (used in) operating activities | (1,608 | ) | (1,608 | ) | |||||
4
| Consolidated statement of cash flows | Current quarter $A’000 | Year to date (3 months) $A’000 |
||||||||
| 2. | Cash flows from investing activities | |||||||||
| 2.1 | Payments to acquire or for: | |||||||||
| (a) entities | – | – | ||||||||
| (b) businesses | – | – | ||||||||
| (c) property, plant and equipment | (17 | ) | (17 | ) | ||||||
| (d) investments | – | – | ||||||||
| (e) intellectual property | – | – | ||||||||
| (f) other non-current assets | – | – | ||||||||
| 2.2 | Proceeds from disposal of: | |||||||||
| (g) entities | – | – | ||||||||
| (h) businesses | – | – | ||||||||
| (i) property, plant and equipment | – | – | ||||||||
| (j) investments | – | – | ||||||||
| (k) intellectual property | – | – | ||||||||
| (l) other non-current assets | – | – | ||||||||
| 2.3 | Cash flows from loans to other entities | – | – | |||||||
| 2.4 | Dividends received (see note 3) | – | – | |||||||
| 2.5 | Other (provide details if material) | – | – | |||||||
| 2.6 | Net cash from / (used in) investing activities | (17 | ) | (17 | ) | |||||
| 3. | Cash flows from financing activities | |||||||||
| 3.1 | Proceeds from issues of equity securities (excluding convertible debt securities) | – | – | |||||||
| 3.2 | Proceeds from issue of convertible debt securities | – | – | |||||||
| 3.3 | Proceeds from exercise of options | – | – | |||||||
| 3.4 | Transaction costs related to issues of equity securities or convertible debt securities | – | – | |||||||
| 3.5 | Proceeds from borrowings | – | – | |||||||
| 3.6 | Repayment of borrowings | – | – | |||||||
| 3.7 | Transaction costs related to loans and borrowings | – | – | |||||||
| 3.8 | Dividends paid | – | – | |||||||
| 3.9 | Other (NASDAQ listing related costs) | – | – | |||||||
| 3.10 | Net cash from / (used in) financing activities | – | – | |||||||
5
| Consolidated statement of cash flows | Current quarter $A’000 | Year to date (3 months) $A’000 |
||||||||
| 4. | Net increase / (decrease) in cash and cash equivalents for the period | |||||||||
| 4.1 | Cash and cash equivalents at beginning of period | 18,936 | 18,936 | |||||||
| 4.2 | Net cash from / (used in) operating activities (item 1.9 above) | (1,608 | ) | (1,608 | ) | |||||
| 4.3 | Net cash from / (used in) investing activities (item 2.6 above) | (17 | ) | (17 | ) | |||||
| 4.4 | Net cash from / (used in) financing activities (item 3.10 above) | – | – | |||||||
| 4.5 | Effect of movement in exchange rates on cash held | 381 | 381 | |||||||
| 4.6 | Cash and cash equivalents at end of period | 17,692 | 17,692 | |||||||
| Current quarter $A’000 |
Previous quarter $A’000 |
|||||||||
| 5. | Reconciliation of cash and cash equivalents
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts |
|||||||||
| 5.1 | Bank balances | 17,692 | 18,936 | |||||||
| 5.2 | Call deposits | – | – | |||||||
| 5.3 | Bank overdrafts | – | – | |||||||
| 5.4 | Other (provide details) | – | – | |||||||
| 5.5 | Cash and cash equivalents at end of quarter (should equal item 4.6 above) | 17,692 | 18,936 | |||||||
| Current quarter $A’000 |
||||||
| 6. | Payments to related parties of the entity and their associates | |||||
| 6.1 | Aggregate amount of payments to related parties and their associates included in item 1 | 285 | ||||
| 6.2 | Aggregate amount of payments to related parties and their associates included in item 2 | – | ||||
| Note: | if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
6
The following amount are included in section 6.1 above:
| – | Director fees paid to director related entities amounted to $448,000 during the quarter. |
| Financing facilities | Total facility amount at quarter end $A’000 |
Amount drawn at quarter end $A’000 |
||||||||
| 7. | Note: the term “facility’ includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity. |
|||||||||
| 7.1 | Loan facilities | |||||||||
| 7.2 | Credit standby arrangements | |||||||||
| 7.3 | Other (please specify) | |||||||||
| 7.4 | Total financing facilities | |||||||||
| 7.5 | Unused financing facilities available at quarter end | |
| 7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. |
| 8. | Estimated cash available for future operating activities | $A’000 | ||||
| 8.1 | Net cash from / (used in) operating activities (item 1.9) | (1,608 | ) | |||
| 8.2 | Cash and cash equivalents at quarter end (item 4.6) | 17,692 | ||||
| 8.3 | Unused finance facilities available at quarter end (item 7.5) | – | ||||
| 8.4 | Total available funding (item 8.2 + item 8.3) | 17,692 | ||||
| 8.5 | Estimated quarters of funding available (item 8.4 divided by item 8.1) | 11.00 | ||||
Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.
| 8.6 | If item 8.5 is less than 2 quarters, please provide answers to the following questions: |
| 8.6.1 | Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? |
Answer: N/A
| 8.6.2 | Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? |
Answer: N/A
7
| 8.6.3 | Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? |
Answer: N/A
Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
Compliance statement
| 1 | This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. |
| 2 | This statement gives a true and fair view of the matters disclosed. |
Date: ……….28 April 2023………………………………………………………………
The Board of Directors
Authorised by: ………………………………………………………………………..
(Name of body or officer authorising release – see note 4)
Notes
| 1. | This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. |
| 2. | If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report. |
| 3. | Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. |
| 4. | If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. |
| 5. | If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. |
Shoham, Israel, April 27, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), 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.
Mobilicom’s Mobile Ground Control System
“Our work with this customer, a cutting-edge leader in the field of remote controlled weapons systems, is a great example of how our design wins lead to initial and follow-on purchase orders, with the subsequent potential of mass-scale commercial sales,” said Mobilicom CEO and Founder 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.”
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.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust s solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers robust solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
Mobilicom is co-sponsoring the Conference along with its Tier-1 customers Elbit Systems, Plasan, IAI Elta, and other leading military contractors
Shoham, Israel, April 07, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company, ASX: MOB) advises that in accordance with ASX Listing Rule 3.13.1 it anticipates its Annual General Meeting (“AGM”) will be held on Tuesday 30 May 2023. Accordingly, for the purposes of ASX Listing Rule 3.13.1 and Clause 60(2) of its Constitution, the Company advises that the closing date for nominations for the position of Director is 5:00pm (AEDT) on 18 April 2023.
The Company notes that the deadline for nominations for the position of Director is separate to voting on the election of Director. Details of the Directors nominated to be elected will be provided in the Company’s Notice of AGM in due course.
-ENDS-
Authorised for release by the Board of Mobilicom Limited.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers robust solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
Mobilicom Selected to Participate in AUVSI’s 2023 Hill Day to Support Drone Industry Growth & Success
Shoham, Israel, March 22, 2023 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company) (Nasdaq: MOB, MOBBW, ASX: MOB), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has been selected to represent the uncrewed autonomous systems (UAS) industry at the Association for Uncrewed Vehicle Systems International’s (AUVSI) Hill Day in Washington DC on March 22, 2023. Mobilicom is a member of the AUVSI Cybersecurity Working Group.
Engaging in face-to-face meetings with policymakers, Mobilicom will present the critical importance of cybersecurity for the drone industry’s evolution and for the safety of UAS users including in military and civilian use cases. The aim of these meetings is to support laws and regulations that allow and encourage the deployment of uncrewed and autonomous systems to better serve business, society, and defense.
“Having deep understanding and experience in uncrewed autonomous systems, and particularly in drone cybersecurity and safety domains, Mobilicom is honored to have been selected for this important event. As part of the drone industry delegation, we look forward to sharing our insights with policymakers including a senator with the aim of contributing to the UAS industry’s continued growth and success,” said Mobilicom CEO and Founder Oren Elkayam.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and robust solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers robust solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialised products used in a variety of applications.
Mobilicom is growing a global customer base with sales to high profile customers including corporates, governments and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions.
Mobilicom’s large solution portfolio is being deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions.
For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com
This announcement has been approved for release by the Board of Mobilicom.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.
For more information on Mobilicom, please contact:
Liad Gelfer
Mobilicom Ltd
[email protected]