Cybersecurity provider Mobilicom (ASX:MOB) has received a $250,000 grant from Space Florida — Florida’s Aerospace, Finance, and Development Authority — for the development of improved drone operations.
The $9.28 million market capitalisation company says the drone operations development covers the delivery, infrastructure inspection, security, and law enforcement sectors.
Mobilicom is developing a Multi-Link (MLU) communications system that incorporates 3 concurrent transmitting transceivers for auto redundancy to address US civil drone regulations.
This MLU will extend Mobilicom’s ‘beyond visual-line-of-sight’ datalink functionality to include the use of satellite connections for redundancy, enabling the operation of unmanned systems in areas with limited or zero cellular network coverage.
Commenting on the awarded grant, Mobilicom Chief Executive Officer (CEO) Oren Elkayam says: “Following our very successful and productive collaboration with Space Florida over the past year, this new grant underscores the value that Mobilicom brings to the innovation process in the rapidly evolving drone industry.
Our SkyHopper Datalinks already support line-of-sight and cellular network-based ‘beyond-line-of-sight’ communication.
By integrating satellite connectivity, Mobilicom is creating additional redundancy to address market needs for long-range drone delivery and inspection operations with ‘always-connected-anywhere’ capability.”
“this new grant underscores the value that Mobilicom brings to the innovation process in the rapidly evolving drone industry”
Today’s grant comes just weeks ahead of Mobilicom’s planned de-listing from the ASX, with the company to trade exclusively on the Nasdaq after October 11.
Space Florida provides business financing opportunities for the aerospace industry, manages infrastructure investment in the state’s spaceport system, and facilitates research development, workforce, education, and investment programs.
Mobilicom is a ‘leading’ provider of cyber-secure robust solutions for the defence and commercial drones and robotics market.
As of 30 June 2023, Mobilicom had $16 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au