What's Going On With Mobilicom Stock Today?

Mobilicom Limited MOB shares are trading higher in the premarket session on Tuesday.

Today, the provider of robust solutions for drones and robotics announced it has received a third consecutive commercial-scale order from the U.S. Defense Industry.

“This purchase solidifies our relationship with this manufacturer and signals growing scalability,” stated Mobilicom CEO and Founder Oren Elkayam.

The customer purchased  Mobilicom’s SkyHopper PRO, a bi-directional cybersecure SDR datalink system, integrated into their drone platform for the U.S. Department of Defense and other federal agencies.

“As this Tier-1 manufacturer increases its sales of drones integrated with our solution, we hope to see additional orders to follow,” Elkayam added.

Last month, the firm announced that in collaboration with Airbus SE EADSY EADSF, it has successfully completed the flight proof-of-concept for high-speed jet UAV-to-ground live streaming of high-definition video and broadband data.

Mobilicom said its newly released MCU-70 aerial unit was installed on the Airbus jet UAV high-speed long-distance drone, which communicated with Mobilicom’s new MCU-300 ground unit under highly rigorous conditions, including complex high-speed maneuvers at up to 150 meters/second as far as 100 kilometers from the base station. 

Price Action: MOB shares are trading higher by 4.68% to $0.8799 premarket at last check Tuesday.

Read Next: Donald Trump Floats Idea Of Bringing Back Adviser Peter Navarro For Potential Second Term Despite Prison Sentence: ‘I Would Absolutely Have Peter Back’

Photo via Shutterstock