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Investing.com -- Mobilicom Ltd ADR (NASDAQ:MOB) stock surged 11.3% after the cybersecurity and drone solutions provider announced it received approximately $1.4 million in orders from one of the largest manufacturers of small-sized drones in the United States.
The orders came from a current customer described as a Tier-1 manufacturer with over $5 billion in annual sales. This customer has integrated Mobilicom’s SkyHopper PRO technology into drones sold to the U.S. Department of Defense (DoD).
Mobilicom CEO and Founder Oren Elkayam characterized these orders as "the beginnings of an inflection point" for the company as it moves toward larger production scale shipments. The customer’s drones featuring Mobilicom’s technology are currently under consideration for several DoD Programs of Record.
Earlier this year, Mobilicom was added to the DoD’s Blue UAS-certified vendors list after rigorous testing. The SkyHopper PRO is a Secured Cognitive Software (ETR:SOWGn) Defined Radio that offers performance in harsh environments and complies with the U.S. National Defense Authorization Act and trusted cyber U.S. regulations.
The company noted that an Executive Order signed by President Trump last month, titled "Unleashing American Drone Dominance," is expected to accelerate demand for drone technologies in the U.S. market.
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