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Mobilicom focusing on profitability and market share as R&D has delivered products

Mobilicom Ltd (ASX:MOB) co-founder & CEO Oren Elkayam speaks to Proactive Investors about the company's two business lines; the Mobilicom telecommunications arm, and the growing SkyHopper drone and robotics hardware branch.

"We are serving two markets: we are serving the government enterprise sector first for mission critical [telecommunications] applications, as well as a new entry to the commercial space where we serve the drones and robotics [industries]," explains Elkayam.

He continues, "it's going to be a $100 billion industry very soon, within a decade, it's going to grow 30% year over year. We are concentrating on the commercial and industrial sector because that is the Holy Grail for robotics and drones... we are going to [take] the leading role in this revolution by the fact that we're going to contribute the key components for drone manufacturers and service providers."

Quick facts: Mobilicom Ltd

Price: 0.098 AUD

ASX:MOB
Market: ASX
Market Cap: $25.28 m
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Full interview: Mobilicom increases focus on development of drone...

Mobilicom Ltd (ASX:MOB) chief executive officer and co-founder Oren Elkayam updates Proactive on the company’s increased focus on the critical areas of drone encryption, immunity and cybersecurity solutions. The CEO also discussed highlights from the company’s latest quarterly results, which...

on 30/10/19

2 min read