Mobilicom Ltd

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: $0.08

Market: ASX
Market Cap: $21.15 m

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Mobilicom makes strong progress with high-tech communications solutions

Mobilicom Limited (ASX:MOB) chief executive officer and co-founder Oren Elkayam updates Proactive Investors on the company's strong progress in making impossible mission-critical communications possible. The company, which designs, develops and delivers holistic communication solutions...

1 week, 1 day ago

2 min read