Friday, December 13, 2024

ASX-listed Elsight Ltd sees revenue soar as former US military contractors trade in their expertise for the company’s “best-in-class” Halo drone connectivity solution.

According to Roee Kashi, co-founder of ASX-listed Elsight Ltd, Defence and Homeland Security authorities are leveraging business communications options to swiftly enable drones to fly critical missions beyond visual line of sight (BVLOS) and maintain connectivity, thereby avoiding signal loss.

Mr. Kashi credited Elsight’s Halo drone connectivity solution, widely recognized for its innovative approach, with achieving remarkable success among military and homeland security authorities in just six months, thanks to its unparalleled combination of affordability, compact size, and power efficiency.

Mr. Kashi observed that it’s logical to find that successful strategies in the business world can prove highly valuable in a defensive context. 

During a webinar at AUVSI, Elsight’s CEO, Mr. Kashi, announced an 83% surge in revenue for the first half of 2024 compared to the same period in 2023, solidifying the company’s position as a premier provider of innovative solutions for global homeland security and defense markets.

Halo is a patented technology enabling beyond-visual-line-of-sight (BVLOS) drone operations by integrating LTE, 5G, and satellite connectivity, gaining traction in cutting-edge drone products across Europe, the USA, Australia, and other regions. 

Army leaders are increasingly seeking guidance from the business sector when faced with pressing national security concerns that demand swift and innovative solutions. 

“Military forces are leveraging commercial technologies to operate with greater flexibility and secrecy on the battlefield, shielding their most sensitive capabilities from potential adversaries.”

Elights’ CEO Yoav Amitai reported that during the first half of 2024, the company remained successful in securing contracts with both the defense and homeland security industries. 

“Elsight’s Halo solution has been widely endorsed by the industry for its pivotal role in maintaining seamless communications during tactical operations, with numerous defense organizations citing it as a key enabler.” 

During the latest quarter’s defense procurement, Lockheed Martin partnered with Elsight to integrate the Halo platform into its Indago4 quadcopter.

The corporation achieved significant successes in the business arena.

ACSL, Japan’s leading drone manufacturer, has selected Elsight’s Halo technology to enhance the connectivity and data transmission capabilities of its logistics-focused unmanned aerial vehicles (UAVs).

 Event38 and AviSight introduced the number of Elsight’s Halo in its inspections of enormous Oil & Gasoline pipelines within the US.

Governments in the United States, Europe, and Asia had recently made significant investments in drones and their components, according to Mr. Amitai.

Drones are increasingly assuming crucial military roles in conflict zones in Ukraine and the Middle East, as well as homeland security, providing vital situational awareness to authorities by offering real-time aerial surveillance.


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