Dear Shareholder,  

Drones are rapidly evolving from experimental tools into critical infrastructure across both civil and defense sectors. Below you can read about deployments in Singapore, where Elsight’s “Halo” platform is highlighted as the backbone for reliable Beyond Visual Line of Sight (BVLOS) operations, bonding cellular, satellite, and RF links to ensure seamless connectivity even in dense urban or remote environments. Another article brings you U.S. analysts forecasting a ‘drone economy supercycle,’ with policy reforms, increased domestic manufacturing, and advances in counter-drone systems setting the stage for drones to disrupt logistics, defense, and public safety by the end of the decade.

Across these developments, two strong themes stand out: Uncrewed connectivity is emerging as the invisible infrastructure enabling drones to operate safely and at scale, while regulation and policy are shaping how quickly this industry can grow. Whether in logistics, defense, or commercial applications, the intersection of technology and governance is defining the pace of adoption and pointing to a future where drones are fully integrated into both our economies and our everyday lives. 

Hope you enjoy. 

Best regards,

IR Team 
Elsight (ASX:ELS) 

Building the Connectivity Backbone for Singapore's Drone Future

ELS Investor Takeaway: Singapore is advancing BVLOS drone adoption, creating strong demand for secure, always-on connectivity. Elsight’s Halo platform, bonding LTE/5G, satellite, and RF, positions the company as critical “invisible infrastructure” to meet strict CAAS safety standards. With Singapore as a launchpad for regional growth, Halo could capture significant market share as drone operations move from trials to scale.

Drones & Defense Tech

Taking Flight: Deep Dive Into An Unprecedented U.S Drone Economy Supercycle

The U.S. drone sector is entering a multi-year supercycle, driven by steep increases in defense & security spending (FY26 UAS funding ~$US15B+), regulatory reform to enable BVLOS, and push to onshore drone supply chains. Key opportunities lie in defense small UAS, counter-UAS, AI/autonomous systems, UTM (airspace management), and components. Elsight, as a supplier of secure communication modules & bonding solutions, is well placed to benefit from demand for reliable comms links, Remote ID / detect-and-avoid, and domestic procurement preferences.

Is Cellular Connectivity the Key to UAV and UGV Battlefield Dominance? 

The piece by Elsight's CEO, Yoav Amitai, demonstrates that modern military UAVs (drones) and UGVs (ground robots) must become increasingly dependent on cellular connectivity (4G/5G) in addition to satellite and traditional RF links to achieve superior range, reliability, BVLOS operations, and fast data/command/control. Elsight’s Halo technology, multilink (cellular + sat + RF), high security, real-time video/telemetry, aligns directly with those battlefield needs. As militaries look to scale uncrewed systems, reduce latency, increase redundancy, and use off-the-shelf infrastructure, Elsight is well positioned to capture demand, particularly in defense contracts and secure communications for UAV/UGV deployments.

Emerging drone tech firms are powering the defense industry's next chapter 

Fast Company highlights how emerging drone tech firms are reshaping defense procurement, with Elsight’s Halo platform showcased for its rapid deployment, secure multi-link connectivity, and resilience in contested environments. The article reinforces ELS’s positioning as a trusted enabler of BVLOS and battlefield communications, validating its technology and strengthening its visibility with U.S. defense buyers—an important signal for future contract growth and investor confidence.

Delivery drones to disrupt the U.S. logistics industry by 2028

ELS Investor Takeaway: US. logistics firms see delivery drones as a major disruptor by 2028, driven by driver shortages, high last-mile costs, and expected BVLOS regulatory changes. Elsight’s Halo, providing secure bonded connectivity, is well positioned to enable safe, scalable drone delivery as the market shifts from trials to commercial rollouts.