ELSIGHT LIMITED — Capital/Financing Update 2024

May 7, 2024

ASX Announcement

8 May 2024

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Elsight Enhances the Lockheed Martin Indago 4 Uncrewed Aerial System with Robust and Beyond Visual Line-of-Sight (BVLOS) Communications

Key Highlights:

• After integration with Elsight Halo, the Indago 4 completed its first BVLOS (beyond visual lineof-sight) flight with enhanced capabilities for wider situational awareness.

• During a strategic collaboration exercise, Elsight’s Halo connectivity platform was rapidly integrated with Lockheed Martin (NYSE: LMT) Indago 4 Uncrewed Aerial System (UAS) to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational reach.

• Incorporating Elsight’s solution enhances the Indago 4’s wireless dispersion capabilities for maintaining robust communication links across varying terrains, obstacles, and distances with ensured uninterrupted data flow such as real-time video feeds or critical telemetry data.

Elsight Limited (ASX: ELS) (Elsight or the Company) , the carrier-agnostic, AI-powered connectivity solutions company, is pleased to announce that during a strategic collaboration exercise, Elsight’s Halo connectivity platform was rapidly integrated with Lockheed Martin Indago 4 UAS to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational reach. Following this successful integration, Lockheed Martin is now able to offer this configuration, Indago 4 with Halo, as a solution to their customers, effective immediately.

At the heart of the integration lies Elsight’s Halo

At the heart of this integration lies Elsight’s Halo, a highly reliable communication system. By seamlessly aggregating diverse IP links—public cellular, private cellular, satellite, and SDR radio—the Halo ensures uninterrupted connectivity even in the most challenging environments. Whether it’s disaster response, surveillance, or remote inspections, the Indago 4 now operates with unparalleled reliability for continuous connectivity and transmission of video and data to the command-and-control centre.

Enhancing the Indago 4’s wireless dispersion capabilities

Incorporating Elsight’s solution enhances the Indago 4’s wireless dispersion capabilities for maintaining robust communication links across varying terrains, obstacles, and distances with ensured uninterrupted data flow such as real-time video feeds or critical telemetry data.

Designed for real-time situational awareness

“We designed the Halo to provide real-time situational awareness in difficult defense and public safety scenarios,” said Roee Kashi, Co-founder and CTO of Elsight. “Ultimately, field commanders need to make strategic decisions at any moment and should have the widest ‘lens’ possible with all the critical information. Now with our integration, the Indago 4 becomes the ‘eyes’ of any commander and the control centre.”

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More about Indago 4 and Lockheed Martin

Indago 4 is a tactical quadcopter uncrewed aerial system that is purpose-built for vital missions, deploying with an expanded capabilities suite designed for military and security forces applications. It’s producer, Lockheed Martin, is a global defense technology company driving innovation and advancing scientific discovery.

Authorised for release by the Board of Directors of Elsight Limited.

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For more information, please contact:

Corporate & Business Enquiries Media Enquiries Howard Digby Sid Maher Elsight Limited éthica Capital T: +61 434 987 750 M: +61 401 704 384 E: howarddigby@elsight.com E: Sid.maher@colelawson.com.au

About Elsight

Elsight (ASX:ELS) (www.elsight.com) Elsight’s flagship product, the Halo, uses AI-based multi-link bonding to provide the most robust connectivity for drones and other unmanned systems. By adding cellular communications aggregated with satellite and RF communications, the Halo is 99.99% reliable and cyber secured. With options for less than a 100-gram card or a boxed ground version, the Halo provides continuous connectivity even in the most challenging areas for stationary, portable, or actively mobile situational requirements. Elsight’s products serve many vertical markets leveraging UAV and UAS technologies including the military, HLS, public safety, delivery, medical, oil and gas, utilities, inspections, surveillance and others. Elsight was founded in 2009.