Events  Strategic partnership established with Yuneec International, the world’s second largest drone manufacturer.  Commercial Drone Upgrade Solution released, with an additional A$572k purchase order from the Israel Ministry of Defence.  Chosen by Israel Ministry of Defence and the Israel Innovation Authority for a A$1.8m R&D program.  Customer receipts in 1Q FY19 of A$561k (versus A$751k in the prior quarter and A$669k in the pcp).  March quarter cash balance of A$3.9m (A$8m after April capital raise). In April, MOB announced it had successfully completed a A$4m placement of new shares to accelerate the group’s expansion opportunities with key strategic partners including Airbus, Yuneec, and the Israel Innovation Authority. Funds will also be used to provide for business development of new drone upgrade solutions, operating costs, R&D, and general marketing and sales. The placement of 40 million ordinary shares in MOB was conducted at A$0.10 per share, a 32% discount to the five-day VWAP of A$0.146 and a 6.5% discount to the 15-day VWAP of A$0.107.