Marks a total of 5 production scale orders to date with this customer demonstrating continuous growth and expectation for ongoing orders

Proceeds expected to extend cash runway to fund operations into at least the next 24 months 

SHOHAM, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) --  Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced it has entered a strategic partnership to target the ground control station (GCS) market by combining its expertise in secure software and hardware solutions with U.S. Silicon Valley-based DT Research’s rugged, high-performance computing technology. The collaboration combines cybersecure communication, GCS expertise, and ruggedized technology to create advanced GCS solutions for uncrewed systems in demanding environments. Importantly, the GCS products launched by the partnership are National Defense Authorization Act (NDAA)-compliant, a key requirement for U.S. Department of Defense procurement, and a qualification of growing importance to allied nations.

Strong cash position and growing revenues driven by initial production scale orders from U.S. and Israeli Tier-1 customers as gross margins and OPEX remain consistent, demonstrating business model scalability

Shoham, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) ("Mobilicom" or the "Company"), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has received formal notice from The Nasdaq Stock Market, LLC (“Nasdaq”) stating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Mobilicom is now in compliance with all applicable listing standards and its American Depositary Shares ("ADSs") will continue to be listed and traded on the Nasdaq Capital Market.

Shoham, Israel, June 28, 2024 (GLOBE NEWSWIRE) -- Mobilicom Limited (Nasdaq: MOB, MOBBW) ("Mobilicom" or the "Company"), a provider of cybersecurity and robust solutions for drones and robotics, today announced that it has received a notification letter from the Nasdaq Stock Market LLC ("Nasdaq"). The letter notifies the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company's American Depositary Shares ("ADSs") listed on the Nasdaq was below USD $1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of USD $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.

Shoham, Israel, June 04, 2024 (GLOBE NEWSWIRE) --  Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced that Oren Elkayam, CEO and Co-founder of Mobilicom, is set to attend the Association for Uncrewed Vehicle Systems International (AUVSI)’s Hill Day on June 4th in Washington, D.C. Through Mobilicom’s membership on AUVSI’s Air Advocacy Committee, Elkayam will join other industry leaders in engaging directly with policymakers to support laws and regulations that promote the deployment of uncrewed and autonomous systems for business and societal benefit.

Shoham, Israel, June 03, 2024 (GLOBE NEWSWIRE) --  Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced its CEO and Co-Founder, Oren Elkayam, will participate in a fireside chat at the Maxim Group Virtual TMT Conference at 8:30 am ET on Wednesday, June 5, 2024 with Maxim’s Senior Analyst.

Production scale order from a U.S. based Tier-1 defense & drone manufacturer for Mobilicom’s solution integration into drone platforms deployed with a growing slate of end-users