6-K
Mobilicom Ltd (MOB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATEISSUER
PURSUANT TO RULE 13A-16OR 15D-16OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of February2023
MOBILICOM LIMITED
Commission File Number 001-41427
(Translation of registrant’s name intoEnglish)
1 Rakefet Street
Shoham, Israel 6083705
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
On February 28, 2023, Mobilicom Limited released its Appendix 4E Preliminary 2022 final report for the year ended December 31, 2022 (the “Appendix 4E Report”) with the Australian Securities Exchange, as required by the laws and regulations of Australia. Attached hereto and incorporated herein is the Registrant’s Appendix 4E Report and FY22 Preliminary Results Announcement.
1
EXHIBIT INDEX
| Exhibit No. | |
|---|---|
| 99.1 | Appendix 4E Preliminary 2022 Final Report |
| 99.2 | MOB FY22 Preliminary Results Announcement |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MOBILICOM LIMITED | |||
|---|---|---|---|
| Date: February 28, 2023 | By: | /s/ Oren Elkayam | |
| Name: | Oren Elkayam | ||
| Title: | Chairman |
3
Exhibit 99.1
| Mobilicom Limited |
|---|
| Appendix 4E |
| Preliminary (unaudited) final report |
- Company details
| Name of entity: | Mobilicom Limited |
|---|---|
| ABN: | 26 617 155 978 |
| Reporting period: | For the year ended 31 December 2022 |
| Previous period: | For the year ended 31 December 2021 |
- Results for announcement to the market
| Revenues from ordinary activities | down | 35.0% to | ||
| Loss from ordinary activities after tax attributable to the owners of Mobilicom Limited | down | 78.9% to | ) | |
| Loss for the year attributable to the owners of Mobilicom Limited | down | 78.9% to | ) |
All values are in US Dollars.
Dividends
There were no dividends paid, recommended or declared during the current financial period.
Comments
The loss for the consolidated entity after providing for income tax amounted to $571,985 (31 December 2021: $2,704,845).
Revenues
Total revenue for the 2022 financial year decreased to $2,327,058 (35%) from the corresponding period (31 December 2021: $3,578,603).
The decrease in revenue for the period was mainly due to supply chain challenges negatively affecting customers’ production capabilities, which resulted in lower orders for Mobilicom’s products and services. Furthermore, supply chain challenges limited the company’s ability to deliver on existing orders.
Total government grants of $923,033, up 17% on the prior corresponding period (31 December 2021: $787,544).
At 31 December 2022, the backlog to be delivered and invoiced in 2023 totalled $620,000.
Expenses
Total expenses increased by 44% to $8,159,896 compared to the prior corresponding period (31 December 2021: $5,686,202).
Sales and marketing expenses increased by 46% to $2,415,883 compared to prior corresponding period (31 December 2021: $1,657,958). The company increased its sale and marketing investment efforts, mainly in the U.S. and Europe drone and robotics markets, as also stated in the company’s Nasdaq listing prospectus (under key growth strategies). The success of this investment was reflected as increase in the number of our design wins and an increase to 8 in the number of Tier-1 customers we are engaged with.
General and administrative expenses increased by 84% to $2,535,610 compared to prior corresponding period (31 December 2021: $1,376,829) mainly as a result of the Nasdaq listing related costs, as well as certain non-recurring costs.
Statement of financial position
Cash reserves at year end were $18,976,542 (31 December 2021: $3,996,300) and net assets amounted to $17,639,620 (31 December 2021: $3,329,119).
Net cash used in operating activities during 2022 was $4,497,493. This, with the cash reserves balance of $18,976,542, will allow the company sufficient funding to supports the company’s growth and strategic plans execution.
| Mobilicom Limited |
|---|
| Appendix 4E |
| Preliminary (unaudited) final report |
- Net tangible assets
| Reporting period | Previous period | |||
|---|---|---|---|---|
| Cents | Cents | |||
| Net tangible assets per ordinary security | 1.33 | 1.04 |
- Control gained over entities
Not applicable.
- Loss of control over entities
Not applicable.
- Dividends
Current period
There were no dividends paid, recommended or declared during the current financial period.
Previous period
There were no dividends paid, recommended or declared during the previous financial period.
- Dividend reinvestment plans
Not applicable.
- Details of associates and joint venture entities
Not applicable.
- Foreign entities
Details of origin of accounting standards used in compiling the report:
Not applicable.
- Audit qualification or review
Details of audit/review dispute or qualification (if any):
The unaudited summary financial statements of Mobilicom Limited for the financial year ended 31 December 2022 are attached. At the time of issuing this Appendix 4E, the audit procedures are ongoing.
- Attachments
Details of attachments (if any):
The preliminary (unaudited) financial statements report of Mobilicom Limited for the year ended 31 December 2022 is attached.
2
| Mobilicom Limited |
|---|
| Appendix 4E |
| Preliminary (unaudited) final report |
- Signed
| Signed | /s/ Oren Elkayam | Date: 28 February 2023 |
|---|---|---|
| Oren Elkayam | ||
| Chairman and Managing Director |
3
Mobilicom Limited
ABN 26 617 155 978
Preliminary (Unaudited) Financial Statements - 31 December 2022
4
| Mobilicom Limited | |
|---|---|
| Corporate directory | |
| 31 December 2022 | |
| Directors | Oren Elkayam (Chairman and Managing Director) |
| --- | --- |
| Yossi Segal (Executive Director) | |
| Campbell McComb (Non-executive Director) | |
| Jonathan Brett (Non-executive Director) | |
| Company secretary | Justin Mouchacca |
| Registered office | C/- JM Corporate Services |
| Level 21 | |
| 459 Collins Street | |
| Melbourne, VIC 3000 | |
| Ph: 03 8630 3321 | |
| Share register | Boardroom Pty Limited |
| Level 12, 225 George Street | |
| Sydney, NSW, 2000 | |
| Ph: 1300 737 760 (within Australia) | |
| Ph: +61 2 9290 9600 | |
| Auditor | BDO Audit Pty Ltd |
| Collins Square, Tower 4 | |
| Level 18, 727 Collins Street | |
| Melbourne, Victoria, 3008 | |
| Stock exchange listing | Mobilicom Limited shares are listed on the Australian Securities Exchange (ASX code: MOB) |
| Website | https://mobilicom-ltd.com.au |
| Corporate Governance Statement | https://mobilicom-ltd.com.au/charters/ |
5
| Mobilicom Limited | |||||
|---|---|---|---|---|---|
| Consolidated statement of profit or loss and other comprehensive income | |||||
| For the year ended 31 December 2022 | |||||
| Consolidated | |||||
| --- | --- | --- | --- | --- | --- |
| 31<br> December<br> 2022 | 31<br> December<br> 2021 | ||||
| Note | |||||
| Revenue | |||||
| Cost<br> of sales | ) | ) | |||
| Government<br> grants | |||||
| Interest<br> received | |||||
| Foreign<br> exchange gains/(losses) | ) | ||||
| Fair<br> value gain from financial liability | |||||
| Other<br> income | |||||
| Expenses | |||||
| Selling<br> and marketing expenses | ) | ) | |||
| Research<br> and development | ) | ) | |||
| General<br> and administration expenses | ) | ) | |||
| Share<br> based payments | ) | ) | |||
| Finance<br> costs | ) | ) | |||
| Loss before<br> income tax expense | ) | ) | |||
| Income<br> tax expense | ) | ) | |||
| Loss after income tax expense for the year attributable to the owners of Mobilicom Limited | ) | ) | |||
| Other comprehensive<br> income | |||||
| Items<br> that will not be reclassified subsequently to profit or loss | |||||
| Re-measurement<br> of defined benefit plans | ) | ||||
| Items<br> that may be reclassified subsequently to profit or loss | |||||
| Foreign<br> currency translation | ) | ||||
| Other<br> comprehensive income for the year, net of tax | ) | ||||
| Total comprehensive income for the year attributable to the owners of Mobilicom Limited | ) | ) | |||
| Basic<br> losses per share | 7 | ) | ) | ||
| Diluted<br> losses per share | 7 | ) | ) |
All values are in US Dollars.
The above consolidatedstatement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes
6
| Mobilicom Limited | |||||
|---|---|---|---|---|---|
| Consolidated statement of financial position | |||||
| As at 31 December 2022 | |||||
| Consolidated | |||||
| --- | --- | --- | --- | --- | --- |
| 31<br> December<br> 2022 | 31<br> December<br> 2021 | ||||
| Note | |||||
| Assets | |||||
| Current<br> assets | |||||
| Cash<br> and cash equivalents | |||||
| Trade<br> and other receivables | |||||
| Inventories | |||||
| Total<br> current assets | |||||
| Non-current<br> assets | |||||
| Property,<br> plant and equipment | |||||
| Right-of-use<br> assets | |||||
| Total<br> non-current assets | |||||
| Total<br> assets | |||||
| Liabilities | |||||
| Current<br> liabilities | |||||
| Trade<br> and other payables | |||||
| Lease<br> liabilities | |||||
| Financial<br> Liability | 2 | ||||
| Total<br> current liabilities | |||||
| Non-current<br> liabilities | |||||
| Lease<br> liabilities | |||||
| Employee<br> benefits | |||||
| Governmental<br> liabilities on grants received | |||||
| Total<br> non-current liabilities | |||||
| Total<br> liabilities | |||||
| Net<br> assets | |||||
| Equity | |||||
| Issued<br> capital | 3 | ||||
| Reserves | |||||
| Accumulated<br> losses | ) | ) | |||
| Total<br> equity |
All values are in US Dollars.
The above consolidatedstatement of financial position should be read in conjunction with the accompanying notes
7
| Mobilicom Limited | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated statement of changes in equity | |||||||||||
| For the year ended 31 December 2022 | |||||||||||
| Issued<br> capital | Share<br> based<br> payments<br> reserve | Foreign<br> currency<br> translation<br> reserves | Re-measurement<br> reserves | Accumulated<br> losses | Total <br>equity | ||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Consolidated | |||||||||||
| Balance at 1 January 2021 | ) | ) | |||||||||
| Loss after income tax expense for the year | ) | ) | |||||||||
| Other comprehensive income for the year, net of tax | ) | ||||||||||
| Total comprehensive income for the year | ) | ) | ) | ||||||||
| Transactions with owners in their capacity as owners: | |||||||||||
| Contributions of equity, net of transaction costs (note 3) | |||||||||||
| Share-based payments | |||||||||||
| Expiry of options | ) | ||||||||||
| Cancellation of options | ) | ||||||||||
| Re-allocation between accumulated loses and foreign currency reserve | ) | ||||||||||
| Balance at 31 December 2021 | ) | ) |
All values are in US Dollars.
| Issued<br> capital | Share<br> based<br> payments<br> reserve | Foreign<br> currency<br> translation<br> reserves | Re-measurement<br> reserves | Accumulated<br> losses | Total<br> equity | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated | |||||||||||
| Balance at 1 January 2022 | ) | ) | |||||||||
| Loss after income tax expense for the year | ) | ) | |||||||||
| Other comprehensive income for the year, net of tax | ) | ) | |||||||||
| Total comprehensive income for the year | ) | ) | ) | ||||||||
| Transactions with owners in their capacity as owners: | |||||||||||
| Contributions of equity, net of transaction costs (note 3) | |||||||||||
| Share-based payments | |||||||||||
| Expiry of options | ) | ||||||||||
| Balance at 31 December 2022 | ) | ) | ) |
All values are in US Dollars.
The above consolidatedstatement of changes in equity should be read in conjunction with the accompanying notes
8
| Mobilicom Limited | ||||||
|---|---|---|---|---|---|---|
| Consolidated statement of cash flows | ||||||
| For the year ended 31 December 2022 | ||||||
| **** | Consolidated | **** | ||||
| --- | --- | --- | --- | --- | --- | --- |
| **** | **** | 31 December | **** | 31 December | **** | |
| **** | 2022 | **** | 2021 | **** | ||
| **** | Note | **** | **** | |||
| Cash flows from operating activities | ||||||
| Receipts from customers (inclusive of GST) | ||||||
| Interest received | ||||||
| Payments to suppliers and employees (inclusive of GST) | ) | ) | ||||
| Interest and other finance costs paid | ) | |||||
| Government grants received | ||||||
| Interest received | ||||||
| Net cash used in operating activities | ) | ) | ||||
| Cash flows from investing activities | ||||||
| Payments for property, plant and equipment | ) | |||||
| Proceeds from disposal of property, plant and equipment | ) | |||||
| Net cash used in investing activities | ) | ) | ||||
| Cash flows from financing activities | ||||||
| Proceeds from issue of shares | 3 | |||||
| Share issue transaction costs | ) | ) | ||||
| Repayment of lease liabilities | ) | ) | ||||
| Net cash from financing activities | ||||||
| Net increase in cash and cash equivalents | ||||||
| Cash and cash equivalents at the beginning of the financial year | ||||||
| Cash and cash equivalents at the end of the financial year |
All values are in US Dollars.
The above consolidated statement of cash flows should be read in conjunctionwith the accompanying notes
9
| Mobilicom Limited |
|---|
| Notes to the consolidated financial statements |
| 31 December 2022 |
Note 1. General information
The financial statements cover Mobilicom Limited as a Group consisting of Mobilicom Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Mobilicom Limited’s functional and presentation currency.
The functional currency of Mobilicom Limited’s subsidiary, Mobilicom Ltd (“Mobilicom Israel”), is Israeli New Shekels.
Mobilicom Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are:
| Registered office | Principal place of business |
|---|---|
| C/- JM Corporate Services | Level 21, 459 Collins Street |
| Level 21, 459 Collins Street | Melbourne, Victoria, 3000 |
| Melbourne, Victoria, 3000 | Australia |
| Australia |
A description of the nature of the consolidated entity’s operations and its principal activities are included in the directors’ report, which is not part of the financial statements.
Note 2. Current liabilities - Financial liability
| Consolidated | ||
|---|---|---|
| 31 December 2022 | 31 December 2021 | |
| Financial liability at fair value through profit or loss |
All values are in US Dollars.
On 25 August 2022 the Company completed its US listing via the issue of 3,220,338 ADRs (American Depository Shares) and the accompanying 3,220,338 warrants for a total consideration of USD 13,299,996. One ADR represents 275 ordinary shares in the Company. One warrant gives the holder the right to purchase one ADR share. The warrants have a 5 year term and can be exercised at any time before expiry date on 24 August 2027.
Note 3. Equity - issued capital
| **** | Consolidated | |||||
|---|---|---|---|---|---|---|
| **** | 31 December | 31 December | 31 December | 31 December | ||
| **** | 2022 | 2021 | 2022 | 2022 | ||
| **** | Shares | Shares | ||||
| Ordinary shares - fully paid | 1,331,279,665 | 321,936,715 |
All values are in US Dollars.
10
| Mobilicom Limited |
|---|
| Notes to the consolidated financial statements |
| 31 December 2022 |
Note 3. Equity - issued capital (continued)
Movements in ordinary share capital
| Details | Date | Shares | Issue price | ||||
|---|---|---|---|---|---|---|---|
| Balance | 1 January 2021 | 257,936,715 | |||||
| Placement | 17 May 2021 | 64,000,000 | $ | 0.06 | |||
| Capital raising costs | - | - | ) | ||||
| Balance | 31 December 2021 | 321,936,715 | |||||
| Issue of NASDAQ IPO shares (net of warrant fair value) | 29 August 2022 | 885,592,950 | $ | 0.015 | |||
| Exercise of 450,000 NASDAQ warrants | 31 August 2022 | 123,750,000 | $ | 0.026 | |||
| Capital raising costs | - | - | ) | ||||
| Balance | 31 December 2022 | 1,331,279,665 |
All values are in US Dollars.
Ordinary shares
Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have no par value and the Company does not have a limited amount of authorised capital.
On a show of hands every member present at a meeting in person or by proxy shall have one vote and upon a poll each share shall have one vote.
Capital risk management
The consolidated entity’s objectives when managing capital is to safeguard its ability to continue as a going concern, so that it can provide returns for shareholders and benefits for other stakeholders and to maintain an optimum capital structure to reduce the cost of capital.
Capital is regarded as total equity, as recognised in the statement of financial position, plus net debt. Net debt is calculated as total borrowings less cash and cash equivalents.
In order to maintain or adjust the capital structure, the consolidated entity may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.
The consolidated entity would look to raise capital when an opportunity to invest in a business or company was seen as value adding relative to the current Company’s share price at the time of the investment. The consolidated entity is not actively pursuing additional investments in the short term as it continues to integrate and grow its existing businesses in order to maximise synergies.
The consolidated entity is subject to certain financing arrangements covenants and meeting these is given priority in all capital risk management decisions. There have been no events of default on the financing arrangements during the financial year.
Accounting policy for issued capital
Ordinary shares are classified as equity.
Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.
11
| Mobilicom Limited |
|---|
| Notes to the consolidated financial statements |
| 31 December 2022 |
Note 4. Equity - dividends
There were no dividends paid, recommended or declared during the current or previous financial year.
Note 5. Interests in subsidiaries
The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the accounting policy described in:
| Ownership interest | |||||||
|---|---|---|---|---|---|---|---|
| Principal place of business / | 31 December <br><br>2022 | 31 December <br><br>2021 | |||||
| Name | Country of incorporation | % | % | ||||
| Mobilicom Ltd (“Mobilicom Israel”) | Israel | 100.00 | % | 100.00 | % | ||
| Mobilicom Inc | United States | 100.00 | % | - |
In late December 2022 and following the Company’s listing on NASDAQ and increased operations in the United States, the Company incorporated a wholly owned subsidiary Mobilicom Inc, a Delaware incorporated Company. As at 31 December 2022, there were no significant operations which commenced as the Company was in an incorporation phase.
Note 6. Events after the reporting period
No matter or circumstance has arisen since 31 December 2022 that has significantly affected, or may significantly affect the consolidated entity’s operations, the results of those operations, or the consolidated entity’s state of affairs in future financial years.
Note 7. Losses per share
| Consolidated | ||||
|---|---|---|---|---|
| 31 December 2022 | 31 December 2021 | |||
| Loss after income tax attributable to the owners of Mobilicom Limited | ) | ) |
All values are in US Dollars.
| Number | Number | |||||
|---|---|---|---|---|---|---|
| Weighted average number of ordinary shares used in calculating basic earnings per share | 664,158,704 | 297,914,797 | ||||
| Weighted average number of ordinary shares used in calculating diluted earnings per share | 664,158,704 | 297,914,797 | ||||
| Cents | Cents | |||||
| --- | --- | --- | --- | --- | --- | --- |
| Basic losses per share | (0.09 | ) | (0.91 | ) | ||
| Diluted losses per share | (0.09 | ) | (0.91 | ) |
The rights to options held by option holders have not been included in the weighted average number of ordinary shares for the purposes of calculating diluted EPS as they do not meet the requirements for inclusion in AASB 133 “Earnings per Share”. The rights to options are non-dilutive as the consolidated entity is loss generating.
12
Exhibit 99.2
Mobilicom Expands Global Footprint, Makes StrongInroads in U.S. Market
FY22 Highlights
| ● | Listed on the Nasdaq in conjunction with $19 million raise through IPO |
|---|---|
| ● | Expanded operations into the U.S., the world’s largest drone and robotics market |
| --- | --- |
| ● | 44 design wins to date with global customers across 16 countries including 8 Tier-1 drone manufacturers |
| --- | --- |
| ● | Secured SkyHopper COMBO first order and in-field implementation from Israel Ministry of Defence |
| --- | --- |
| ● | Launched in 2022, SkyHopper Micro selected for integration into Tier-1 drone manufacturer’s new platform for mass production |
| --- | --- |
| ● | $19 million cash reserves |
| --- | --- |
| ● | $620,000 confirmed order backlog for delivery in 1H CY23 |
| --- | --- |
February 28, 2023 – Mobilicom Limited (Mobilicom or the Company, Nasdaq: MOB, MOBBW, ASX: MOB) is pleased to release its preliminary (unaudited) full year-results for the 12 months ended 31 December 2022.
In FY22, the Company listed on the Nasdaq, raised $19.2 million through an IPO, and opened operations in the U.S.
In February 2023, Mobilicom announced a strategic partnership with Mistral Inc. a Bethesda, Maryland-based prime contractor for the U.S. Department of Defense and other U.S. federal agencies.
Mobilicom secured contracts from the Israel Ministry of Defence. Having become a proven trusted partner and technology provider, Mobilicom is positioned to provide end-to-end solutions to the U.S. defence industry and its allies.
Mobilicom CEO Oren Elkayam said, “Following our Nasdaq listing and opening operations in the U.S., we now have a very active financial and commercial footprint in the world’s largest drone and robotics market. We expect to accelerate market adoption through our direct commercial efforts, which will be augmented by our new U.S. strategic partner, Mistral, which aims to integrate our end-to-end solutions into U.S. defense industry and U.S. Department of Defense (DOD)-related requisitions.”
“2022 showed the paramount importance of cybersecurity for drones and other autonomous platforms. Several reports detailed how small-sized drones were compromised and taken down through cyber-attacks. This has fueled interest in Mobilicom’s ICE Cybersecurity product suite which provides 360° multi-layer protection against more than 10 different types of cyber-attacks. As we integrate ICE into our growing hardware platforms, we offer customers unmatched security, while also improving Mobilicom’s revenues and margins with this software cybersecurity solution. Furthermore, the Company joined as a contributing member to the U.S. cybersecurity working group AUVSI to set industry standards.”
“We are proud of our commercial achievements in FY22 and look ahead to FY23 with the expectation of commercial scale orders from more of our 44 design wins as well orders from new customers. Our cash runway is robust, and we are well positioned to continue to execute.”
Financial Highlights
Mobilicom’s total income (consisting of revenue and government grants) was $3.3 million, as compared to $4.4 million in FY21.
Revenue totaled $2.3 million, down 35% over pcp, as a result of supply chain challenges negatively affecting customers’ production capabilities, resulting in lower orders for Mobilicom. Furthermore, the supply chain challenges limited the Company’s ability to deliver on some existing orders. Government grants totaled $924,000, up 17% over pcp. The Company secured 12 new design wins over the year, bringing the total design wins to 44 across global customers.
In FY22, Mobilicom’s investment in sales and marketing, mainly in the U.S. and European drone and robotics markets, was up 46% over the prior year to $2.4 million ($1.7 million in 2021), in alignment with the Company’s strategy as presented in its Nasdaq listing prospectus.
The Company is well-funded to execute its growth strategy with $19 million in cash reserves following the completion of a A$19.2 (US$13.3) million IPO on the Nasdaq in Q3 2022. Mobilicom’s healthy balance sheet provides a long operational runway.
The Company had a confirmed order backlog of $620,000 million as of 31 December 2022 and expects to deliver these orders in the first half of 2023 while also securing new orders and growing its sales pipeline.
Operational Highlights
During FY22, Mobilicom secured and delivered repeat orders from its existing Tier-1 strategic customers, including the Israel Ministry of Defence, Teledyne Flir (S&P500), Israel Aerospace Industries, Elbit Systems and more.
During FY22 Mobilicom secured large Asia-based new Tier-1 drone manufacturer with initial order, consisting of three of Mobilicom’s product families, including Mobilicom’s MCU mesh networking, SkyHopper Datalinks, and mobile ground control station, increasing the number of Mobilcom’s Tier-1 customers to eight.
In Q3 2022 Mobilicom was awarded a $408,000 new research grant under the Space Florida innovation project for its Multi-Link (“MLU”) communications system. This grant marks Mobilicom’s increasing collaboration with Censys Technologies, the U.S.-based drone manufacturer.
2
Mobilicom, in collaboration with Tier-1 small-sized drone manufacturers, continued to expand its product offering in FY22, launching its SkyHopper Micro product designed to enable mass deployment of small-sized drone fleets. This new product was designed to cater to the growing demand for high-use applications including commercial inspections, disaster relief, and defence intelligence or loitering drones. SkyHopper Micro is equipped with ICE Cybersecurity software and delivers secure long range and Non-Line of Sight (N-LOS) communication. It is compliant with the National Defense Authorization Act (NDAA), a key requirement for U.S. government agencies.
Mobilicom also launched its 2nd generation SkyHopper Datalinks and MCU Mesh Networking products. that features Mobilicom’s ICE Cybersecurity software as a standard. There is also an option to upgrade to professional or premium level coverage.
Outlook
The Company’s design wins now total 44, and more of them are moving toward commercialisation, indicating significant order volumes are expected going forward.
In FY23, Mobilicom expects significant inroads in the U.S. market in defense, federal, state, and industrial applications, supported by the Company’s newly established strategic partnership with Mistral.
-ENDS-
3
Authorised for release by the Board of MobilicomLimited.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and smart solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers smart 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 commercialized 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 has is being deployed worldwide, and the Company derives 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
liad.gelfer@mobilicom.com
4