Elsight Ltd. ( (AU:ELS) ) just unveiled an announcement.
Elsight Ltd. has secured a significant order worth US$300,000 from a European defence drone OEM, marking a pivotal shift from testing to production. This order is part of a larger government drone program and is expected to become one of Elsight’s largest accounts. The move aligns with Elsight’s strategic focus on the defence sector, which has shown substantial growth potential. The company’s emphasis on the defence market is underscored by the increasing demand for reliable communication infrastructure, as highlighted by the growing global military drone market.
More about Elsight Ltd.
Elsight Ltd. is a company specializing in connectivity solutions, particularly for unmanned systems like drones. Their flagship product, the Halo, utilizes AI-based multi-link bonding to ensure robust and secure connectivity. Elsight’s technology is applicable across various sectors, including military, public safety, and utilities.
YTD Price Performance: -5.41%
Average Trading Volume: 29,347
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$63.36M
See more data about ELS stock on TipRanks’ Stock Analysis page.