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Geopolitical and technology trends are driving demand for Mobilicom’s robust cybersecure solutions that are increasingly being integrated into unmanned aircraft system (UAS) sold by Tier-1 defense contractors to leading militaries including the U.S. Department of Defense
SHOHAM, Israel, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced it is showcasing its end-to-end solutions to procurement specialists from the U.S. Army and to defense contractors at the Association of the United States Army’s (AUSA) 2024 Annual Meeting & Exposition in Washinton, D.C. on October 14-16, 2024. Mobilicom is exhibiting at Booth #8027 Halls DE, NOBLE booth.
“Mobilicom continues to expand its presence and penetration in the U.S. defense market, particularly for systems sold to the U.S. DoD and its allies. We believe AUSA 2024 is a great opportunity for us to advance opportunities with prospective customers as well as to meet with our growing roster of current customers that are looking to integrate more of our end-to-end solutions into their high-performing UASs,” stated Mobilicom CEO and Co-Founder Oren Elkayam. “Tier-1 military contractors are increasingly looking to Mobilicom for our cybersecure field-proven solutions, especially in today’s geopolitical environment, which is accelerating the demand for our unparalleled advanced drone systems.”
Mobilicom seeks to capture leadership in a total addressable market (TAM) expected to reach $8.5 billion by 2026, with its focus on small UAS (sUAS) hardware and software solutions, one of the fastest growing segments of the global drone market, and by leveraging its position as the leading provider of cybersecurity systems for drones.
Globally, geopolitical events that are driving accelerated demand for sUAS include the increasing use of drones in global conflicts between Ukraine and Russia, as well as Israel against Hamas and Hezbollah. In these conflicts, small drones are used for reconnaissance and intelligence gathering, as well as for combat when loitering (kamikaze) munitions, designed for one-time use, are used as weapons. Autonomous, cybersecure systems are emerging as a key component of modern warfare, and Mobilicom’s solutions are an essential part of these systems.
The U.S. drone industry is experiencing a notable uptick, as the U.S. requires a vast array of autonomous drone systems, both for itself and its allies. The DoD’s $1 billion Replicator program seeks to provide thousands of sUASs across multiple warfighting domains by August of 2025. The U.S.’s shift away from purchasing Chinese made drones is creating U.S. Federal contracting opportunities for Mobilicom’s cybersecure systems.