• Ground control stations (GCS), the central command and control hub for remotely operated drones & robotics, is a market set to grew to $26 billion by 2030
• Mobilicom's GCS solutions are currently integrated into the uncrewed systems of top-tier drone manufacturers
• Company anticipates its advanced 8-inch Controller Pro will significantly accelerate market adoption and enhance mission capabilities across multiple sectors
  

Shoham, Israel, Sept. 04, 2024 (GLOBE NEWSWIRE) -- At the Commercial UAV Expo, in Las Vegas from September 3-5, a leading international trade show for uncrewed autonomous systems, Mobilicom Limited (Nasdaq: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today launched its next-generation 8-inch Controller Pro. This innovative GCS aims to redefine uncrewed vehicle control, addressing the needs of a market currently projected to grow at a CAGR of 22% between 2023 and 2030. Growth in the tactical handheld GCS market for operating small-sized drones, robotics, and loitering munitions is driven by these systems' increasing deployment by governments and enterprises and their use in current global conflicts.

"We believe that our 8-inch Controller Pro has the potential to be transformative for the uncrewed systems and robotics sector. It delivers a unique blend of power, portability, and affordability that the industry demands, opening new possibilities for mission success across various applications," stated Mobilicom CEO and Co-founder Oren Elkayam.

"Importantly, we are aiming to address a critical unmet market need for a rugged, durable product that is U.S. National Defense Authorization Act (NDAA)-compliant at a highly competitive price point, an essential requirement to enable high-volume scalability for both the defense and industrial markets."

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom's large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world's largest drone manufacturers, Mobilicom's end-to-end solutions are used in mission-critical functions.

Forward Looking Statements

This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses how it is aiming to address a critical unmet market need for a rugged, durable product that is NDAA- compliant at a highly competitive price point, an essential requirement to enable high-volume scalability for both the defense and industrial markets. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may, "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company's filings with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

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For more information on Mobilicom's 8-inch Controller Pro and other innovative solutions, please contact:

Liad Gelfer

Mobilicom Ltd

liad.gelfer@mobilicom.com