Sonicwall Market Segment Skin 160x1200

Sonicwall Market Segment Skin 160x1200

iTWire TV 705x108notfunny

Friday, 29 July 2022 12:26

Mobilicom progressing NASDAQ dual listing Featured

By Staff Writer

Australian-listed cybersecurity and smart solutions for drones, robotics and autonomous platforms provider Mobilicom says its planned NASDAQ listing is at an advanced stage, with requisite US approvals received, and is attracting significant investor interest.

Mobilicom (ASX: MOB) said its NASDAQ dual listing is anticipated, as planned, to occur during Q3 FY22, when commenting on the plans with the release on Friday of an activity update for the quarter ended 30 June 2022 (Q2 FY22). Mobilicom reported it had a productive quarter, fulfilling existing contracts and increasing its engagement with Tier-1 drone and robotics manufacturers - and in Q2 FY22, it secured nine repeat purchase orders from its global customer base, inclusive of orders from Tier-1 players Teledyne-Flir, IAI, ST Engineering and Rafael.

Mobilicom says repeat orders indicate customers moving through the first three phases of its go-to-market strategy, known as “design win” phases, progressing from testing, validation and certification to deployment and commercialising new drone and robotics platforms.

“Consequently, Mobilicom foresees a step change in order volumes and revenues to support customers’ manufacturing demand, known as “commercialisation” phases five and six of the company’s go-to-market strategy,’ the company noted.

Commenting on the Company’s Q2 FY22 performance, Mobilicom CEO Oren Elkayam said, “Our smart solutions are increasingly incorporated in the design stage of drone and robotics platforms, with our current 38 portfolio design wins reflecting the superior performance and security of our proprietary cybersecurity, software and hardware solutions. Our earlier design wins are now being actively promoted by our Tier-1 customers to end-users, as part of their efforts to win large deployment projects.

“Our design wins and continuing repeat orders provide a high degree of confidence in potential revenue growth once these platforms are being deployed and commercialised, while our end-to-end offering enables us to increase revenue contribution from existing customers through the cross-selling of additional solutions, such as cybersecurity, software, and services.

“Our planned NASDAQ listing will accelerate our growth strategy and revenue opportunities. A direct US presence will enable Mobilicom to increase its engagement with large, US-based drone and robotics manufacturers, benefitting from enhanced access and credibility with these prospective customers. We also anticipate it will enable us to advance product qualification and procurement processes for defence applications in the region. The US is at the forefront of commercial drone use - a market that provides significant long-term opportunities as commercial applications outpace defence spending over the coming years.

“Our world-first cybersecurity software for small drones and robotics supports both defence and commercial markets, and we are already starting to incorporate cybersecurity as a standard feature within our 2nd Gen hardware offering,” Elkayam concluded.

Mobilicom says funds raised through the IPO will be used to expand operations in the USA, increase sales and marketing activities, accelerate the commercialisation of its “world-first” cybersecurity and cloudsoftware solutions, in addition to providing working capital.

Read 906 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

GET READY FOR XCONF AUSTRALIA 2022

Thoughtworks presents XConf Australia, back in-person in three cities, bringing together people who care deeply about software and its impact on the world.

In its fifth year, XConf is our annual technology event created by technologists for technologists.

Participate in a robust agenda of talks as local thought leaders and Thoughtworks technologists share first-hand experiences and exchange new ways to empower teams, deliver quality software and drive innovation for responsible tech.

Explore how at Thoughtworks, we are making tech better, together.

Tickets are now available and all proceeds will be donated to Indigitek, a not-for-profit organisation that aims to create technology employment pathways for First Nations Peoples.


Click the button below to register and get your ticket for the Melbourne, Sydney or Brisbane event

GET YOUR TICKET!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments