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Ondas Holdings Inc. (Nasdaq:ONDS) will report its first quarter 2024 financial results on Wednesday, May 15, 2024, at 8:30 a.m. ET. The conference call will discuss the results with a Q&A session. Ondas is a leading provider of private industrial wireless networks and commercial drone solutions.
Ondas Holdings' Airobotics and HHLA Sky have partnered to offer advanced drone services for terminal operations and critical infrastructure in Germany. The collaboration combines Airobotics' autonomous drone technologies with HHLA Sky's integrated control center and business footprint in the region, aiming to revolutionize monitoring, maintenance, and protection of critical facilities.
Ondas Holdings Inc. (NASDAQ: ONDS) announced a reseller partnership with C-Astral Aerospace , expanding Airobotics' market reach into Europe, specifically targeting southeast European countries. Airobotics' Optimus Systems will be marketed by C-Astral to provide commercial drone solutions to customers in Europe. C-Astral's diverse customer base includes commercial UAS operators, government entities, and scientific users across over 70 countries. Airobotics' Optimus System, already deployed in the UAE and Israel, offers autonomous drones capable of various missions without on-the-ground human intervention.
Ondas Holdings Inc. (NASDAQ: ONDS) secured an initial purchase order for its Iron-Drone Raider counter-drone system from a major defense company in Israel. The system utilizes AI technology to neutralize hostile drones, with additional orders expected. The platform was enhanced to meet military requirements, offering a cost-effective solution to protect borders and critical infrastructure assets worldwide.
Ondas Holdings Inc. (NASDAQ: ONDS) subsidiary, Airobotics, secures a service agreement for additional Optimus Drone Systems from a local government entity in Dubai, UAE. The Optimus System fleet has been extensively utilized, with potential growth to over 20 systems in Dubai alone. The agreement covers ongoing maintenance and support services.