Mobilicom has secured a major design win and initial purchase order of over $100,000 USD from a very large Tier-1 Asia-based small-sized drone manufacturer, therefore opening a new geographic market for Mobilicom.
Mobilicom believes this latest win further proves its success in the execution of its end-to-end product strategy. The company is now supplying eight Tier-1 drone manufacturers worldwide, proving market adoption and indicating near-term commercial-scale revenue potential.
Mobilicom’s bundled solutions will be integrated across the customer’s entire family of small-sized drones and Unmanned Aerial Vehicles (UAVs). According to Mobilicom, its customer has a substantial committed budget to expand its drone product line through large-scale manufacturing capacity.
“Following extensive and in-depth field testing, Mobilicom was chosen to partner this Customer as it builds its drone production business in Asia, creating a new market for Mobilicom. We are delivering on our business growth projections in line with our strategy of securing design wins that are expected to deliver substantial recurring orders. As our Tier-1 partners scale their production of drones to meet the increasing demands of the market,” stated Mobilicom CEO Oren Elkayam. “We strongly believe this latest win for Mobilicom demonstrates confidence in us and the understanding of the benefits of our bundled solutions to ensure solution performance, accelerated time to market, wholistic security, and cost-effectiveness.”
“To date, Mobilicom has scored design wins and/or sold systems for integration to 8th Tier-1 small-size drone manufacturers worldwide. We believe this illustrates Mobilicom’s market leadership in delivering end-to-end solutions and our potential to very meaningfully monetize opportunities in a market projected to reach $8.5 billion by 2026,” Elkayam concluded.