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Mobilarm to enter new market

Mobilarm to enter new market

Marine safety technology developer Mobilarm (ASX:MBO) has announced it will develop a lightweight version of its VHF emergency locator beacon for divers.

The company, which listed on the ASX last week, said the product would allow it to enter the international dive market.

“There are over 20 million certified divers worldwide being serviced by over 10,000 dive operators, shops and resorts,” Mobilarm CEO Lindsay Lyon said. “This represents a significant and previously untapped market for [the beacon].”

The beacon was originally developed for use in submarines, under contract from the US Navy. The modified version is expected to be ready to sell in Q411.

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Tags product launchLindsay LyonASX:MBOMobilarm

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