Mr. Altshuler brings high-value cyber and defense industry experience
Set to manage operations hub in Israel as Mobilicom positions to leverage existing design wins with Tier-1 OEMs into growing cybersecurity, hardware, and software sales
Shoham, Israel, Nov. 08, 2022 (GLOBE NEWSWIRE) — Mobilicom Limited (Mobilicom or the Company, ASX: MOB, NASDAQ: MOB, MOBBW), a provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms, has appointed highly experienced technology executive Udi Altshuler as Mobilicom’s General Manager of its wholly-owned subsidiary Mobilicom Israel.
Altshuler brings more than 25 years’ operational and executive experience to Mobilicom, gained at large high-tech original equipment manufacturers (OEMs). He was most recently Chief Operating Officer of GuardKnox, the automotive industry’s first cybertech tier supplier to OEMs and has held senior leadership roles in several global defense technology companies including Elbit Systems, RADA Electronic Industries, BVR Systems, and Cyberbit.
During his time in the Israeli Air Force as a fighter jet pilot, Altshuler led the testing and evaluation of high-end innovative defense systems. He holds a B.Sc in Computer Science and Philosophy from Tel Aviv University.
Commenting on the new appointment, Mobilicom CEO Oren Elkayam said, “Udi’s extensive experience within related technology and cyber businesses will be instrumental in driving our new product development and commercialization of our ICE cybersecurity software. He brings unique expertise to Mobilicom, having previously worked at OEMs as well as at businesses that sell to Tier-1 OEMs.”
Altshuler commented, “I’m very excited to join Mobilicom at an important time for both the Company and broader industry. Mobilicom’s field-proven and industry-leading smart solutions for drones and robotics cater to evolving customer needs within the defense and commercial markets. I look forward to working with Oren and Mobilicom’s management team to expand our operational footprint within the USA and Europe, supporting Tier-1 drone manufacturers as they scale new platforms to meet growing end-user demand.”
Ofer Laufer, Mobilicom’s Chief Operating Officer, has departed to pursue other opportunities.
“On behalf of the Board, I’d like to thank Ofer for his significant contribution to Mobilicom, establishing the operational infrastructure which has enabled our continued growth with leading drone and robotics manufacturers,” Elkayam stated.
About Mobilicom
Mobilicom is an end-to-end provider of cybersecurity and smart solutions for drones, robotics & autonomous platforms. As a high-tech company it designs, develops and delivers smart solutions focused primarily on targeting global drone, robotics and autonomous system manufacturers.
The Company holds patented technology & unique know-how for Mobile Mesh networking. It has a large, field proven portfolio of commercialized products used in a variety of applications.
Mobilicom has grown a global customer base with sales to high profile customers including corporates, governments and military departments. Mobilicom’s competitive advantages include outstanding security capabilities and performance in harsh environmental conditions. Mobilicom’s large solution portfolio has been deployed worldwide, seeing the Company derive revenue from hardware, software sales & licensing fees and professional support services for its solutions.
https://mobilicom-ltd.com.au/
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. 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.
For more information on Mobilicom, please contact:
Laurel Moody
Corporate Profile LLC
Investor relations
(US) +917 640 0461
lmoody@corporateprofile.com
Liad Gelfer
Mobilicom Ltd
liad.gelfer@mobilicom.com
Related Quotes
Yahoo Finance's Jared Blikre breaks down Occidental Petroleum's third-quarter earnings results.
Yahoo Finance reporter Allie Canal breaks down Disney's fourth-quarter earnings results.
Tesla selling pressure just won't let up. Blame it on Twitter. Unless something changes, investors are in for more pain, according to traders.
Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) were falling today on several bits of news that are causing pessimism among investors. An analyst cut his price target for Nio's stock today, just a few days after a new report said that China isn't rolling back its strict zero-COVID policy. All of the news worried some investors, pushing the EV stock down 4.1% as of 10:57 a.m. ET.
The entire crypto industry, from cryptocurrencies to crypto stocks, was incredibly volatile this morning amid rumors that the large crypto exchange FTX was facing insolvency. Then, after a run on the exchange, FTX struck a deal to sell its non-U.S. operations to the crypto exchange Binance. The Bitcoin (CRYPTO: BTC) miner and business intelligence company MicroStrategy (NASDAQ: MSTR) also saw its shares trade as much as 17% lower today before cutting those losses in half.
A prominent cryptocurrency token has plummeting, with nearly 50% wiped from its value in the last 24 hours, causing a major rout across crypto markets.
Boeing (NYSE: BA) continues to show signs that its business is normalizing, and investors are taking note. It's been a rough few years for Boeing, as the company has flown through both issues with its 737 MAX and then the pandemic. Boeing is now looking to boost deliveries in order to increase cash flow and pay down some of the billions in added debt it took on during the crisis to make sure it survived.
Twilio (NYSE: TWLO) management dropped a bomb on investors by updating their long-term revenue growth outlook. The new guidance caught investors off-guard, which prompted a great deal of selling in Twilio stock.
Penny stocks, defined as equities that trade at under $5 per share, have a bad reputation within many investing circles. Scores of promising early-stage companies have seen their share prices tumble into penny stock territory this year. Which of these newly minted penny stocks offer the most compelling risk-to-reward ratios?
Disney reported its fiscal fourth quarter earnings on Tuesday after market close. Here's what to know.
Omega Healthcare Investors ( NYSE:OHI ) Third Quarter 2022 Results Key Financial Results Revenue: US$239.4m (down 15…
Sabra (SBRA) delivered FFO and revenue surprises of -5.26% and 10.61%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live anchors discuss the decline in stock for Lyft following third-quarter earnings.
In this article, we discuss the top 10 energy stock picks of Goldman Sachs. If you want to see more stocks in this selection, check out Goldman Sachs Energy Stocks: Top 5 Stock Picks. Jan Hatzius, Goldman Sachs’ chief economist, noted that there is a “very plausible” scenario where the US economy can steer clear […]
Plug Power Inc. shares fluctuated between small gains and losses in the extended session Tuesday after the hydrogen and fuel cell systems company's made good on its warning a few weeks ago and results fell below Wal Street expectations.
Yahoo Finance reporter Ines Ferre breaks down AMC's third-quarter earnings results and how investors are responding.
Investors pushed the share price of SolarEdge Technologies (NASDAQ: SEDG), a smart energy-technology company, higher today after the company reported third-quarter sales that outpaced Wall Street's expectations and issued strong fourth-quarter revenue guidance. The company's CEO, Zvi Lando, said in a press release that "the results reflect extremely strong momentum in Europe where our revenues grew 90% compared to the same quarter last year." Shareholders were also likely happy that management anticipates continued growth as SolarEdge expands its manufacturing footprint.
Shares of major cruise-line stocks Norwegian Cruise Lines (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival Cruise Lines (NYSE: CCL) were rallying today, up 4.1%, 3.1%, and 2.7%, respectively, as of 2:22 p.m. EDT. Perhaps more important, however, was the company reaching certain profitability milestones for the first time following the pandemic. The company achieved the profitability milestone through solid 82% occupancy plus a 14% increase in revenue per passenger.
Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Albemarle (ALB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.