Mobix Labs said today that it is making a strategic growth commitment to the rapidly growing drone market.
The company said the drone initiative is supported by Mobix Labs’ core strengths in wireless connectivity, sensing technologies, and high-performance systems for demanding environments.
“We are already engaged in two drone related projects and are refocusing our M&A efforts on complementary drone-related opportunities,” CEO Phil Sansone said in a statement announcing the initiative.
Shares in Mobix Labs were little changed at 34 cents apiece for a market cap of $34.5 million in after-hours trading.
