Dear Investor, 

We are pleased to share some exciting developments at Elsight since our last update.

Building on strong momentum, we recently secured additional contracts from a prominent European defence contractor customer. These repeat orders underscore the proven reliability and exceptional performance of our Halo platform in mission-critical environments. You’ll find both related ASX announcements linked below for your reference.

In a major strategic step, Elsight has been selected to join the prestigious Northrop Grumman Accelerator program. Chosen as one of the eight winners from a competitive pool of 225 applicants, this achievement highlights growing recognition of our technology among top-tier U.S. defense players, a market we have long targeted as a key growth frontier.

Beyond Elsight, the global defence landscape continues to prioritize unmanned aerial vehicles (UAVs) as a central force multiplier. Notably, the U.K. government has announced the delivery of 100,000 drones to Ukraine, while in the U.S., President Trump recently signed an Executive Order reinforcing UAVs’ role in U.S. national security policy.

More details and insights can be found in the sections that follow.

Best regards,

IR Team 
Elsight (ASX:ELS) 

Elsight signs two additional contracts with its European defence customer; the second of the series on May 29th US$5.35M (~A$8.2M) and the third on June 4th US$5.08M (~A$7.9M) 

In case you missed our recent ASX announcements on May 29th and June 4th, Elsight won two additional contracts with its European defense OEM customer for Halo units to be delivered over the course of 2025. The full announcements can be read below. 

Another recent ASX announcement:
Elsight was selected for the elite Northrop Grumman –
FedTech Accelerator Program! 

• Only 8 companies were selected from over 225 applicants 
• Direct integration and access to Northrop Grumman’s technical and procurement teams
• A fast-track to U.S. DoD-funded pilots, investor access, and strategic contracts.

Trump Administration launches sweeping drone, advanced air mobility initiative

President Trump signed, on June 6, 2025, an executive order which aims to prop up the drone and advanced air mobility industries in the United States. The executive order, which has been unambiguously titled “Unleashing American drone dominance”, outlines a number of measures to accelerate the adoption of drone and eVTOL technology in the U.S. in both, civilian and military roles, while also boosting drone manufacturing and exports. 

Britain pledges to deliver 100,000 drones to Ukraine by April 2026

Britain pledged on Wednesday to supply 100,000 drones to Ukraine by the end of the current financial year in April 2026, marking a tenfold increase, after saying that unmanned aerial vehicles have transformed the way wars are fought.