Ondas Holdings Inc. - ONDS STOCK NEWS

Ondas Holdings (NASDAQ:ONDS) announced that Chairman and CEO Eric Brock has been appointed as Co-Chair of the Commercial Drone Alliance (CDA) Board of Directors. The CDA is a non-profit organization that works with key policymakers at the FAA, Department of Transportation, White House, and Congress to advance the drone industry.

Brock, who joined the CDA Board in July 2023, will focus on supporting broader industry collaboration and ecosystem development as drone adoption accelerates. In his new role, he aims to deepen engagement across the drone ecosystem, including drone systems providers, service providers, supply chain participants, and financial markets to foster scalable industry growth.

Ondas Holdings (NASDAQ:ONDS) has appointed Ron Stern to its Board of Directors, focusing on accelerating the growth of its Ondas Autonomous Systems (OAS) business unit. Stern brings over 20 years of experience in growth equity and venture capital, currently serving as General Partner and Head of Portfolio at OurCrowd, Israel's most active venture funding firm.

As former Board Chairman of Ondas subsidiary Airobotics, Stern led its IPO on the Tel Aviv Stock Exchange and subsequent sale to Ondas in January 2023. At OurCrowd, he oversees 250+ portfolio companies, has nominated directors to over 100 companies, and participated in over 400 financing rounds, including 40+ exits and IPOs. Previously, he was a partner at Shamrock Holdings and currently serves as Chairman of Blue Green Water Technology.

Ondas Holdings (NASDAQ:ONDS) announced that its Ondas Autonomous Systems (OAS) business unit's Airobotics subsidiary received a purchase order for its Iron Drone Raider from a major defense company. The order involves integrating and testing new features for defending against additional ground threats.

During Q3 2024, OAS secured several initial defense market orders totaling $14.4 million, including $9.0 million in purchase orders from a major government military customer for the Iron Drone Raider system. These systems are being deployed as part of a multi-layered homeland security infrastructure to protect critical locations from hostile drones.

The company expects to secure additional orders from new customers and distribution partners over the next twelve months to support its drone systems and infrastructure expansion.

Ondas Holdings' (NASDAQ:ONDS) subsidiary American Robotics has secured a new FAA Beyond Visual Line of Sight (BVLOS) waiver, enabling expanded drone operations over people and moving vehicles from a remote operations center. The waiver specifically allows the Optimus System, the only FAA Type Certified uncrewed aerial vehicle for security and inspection, to conduct true BVLOS operations.

The achievement validates the safety features of American Robotics' technology, particularly its Kestrel airspace management and Counter-UAS solution. The company is building out its global Operations Control Center (OCC), preparing for the FAA's upcoming Part 108 framework, which will allow one Remote Pilot in Command to oversee multiple UAS operations.

American Robotics will showcase its capabilities at a Drone as First Responder (DFR) event at its Baltimore Headquarters on January 16th, 2025, featuring live demonstrations of the Optimus System and Kestrel solution.

Ondas Holdings (NASDAQ:ONDS) has secured an additional $18.9 million through 3% senior convertible notes due 2026 from an existing note holder. This marks the third investment from the same investor since December 3rd, bringing total net proceeds to $30 million in the past four weeks.

The funding will primarily support the growth of Ondas Autonomous Systems (OAS), which received $14.4 million in orders in Q3 2024. The company has achieved its funding targets outlined at the September 2024 OAS Investor Day and is positioned to meet growing global demand for its Optimus and Iron Drone platforms. Oppenheimer & Co. Inc. served as the sole placement agent for the offering.

Ondas Holdings (NASDAQ: ONDS) has successfully regained compliance with Nasdaq's listing requirements by meeting the minimum bid price requirement. The company's stock maintained a closing bid price of $1.00 or higher for at least 10 consecutive business days, achieving this milestone on December 24, 2024. With this development, Ondas, a provider of private industrial wireless networks and commercial drone solutions, is now in full compliance with all Nasdaq continued listing requirements and will maintain its listing on The Nasdaq Capital Market.

Ondas Holdings' (NASDAQ:ONDS) subsidiary Airobotics has secured a contract renewal from a major semiconductor manufacturer for aerial security and data services in Israel. The company's Optimus System, deployed since 2016, provides 24/7 automated drone operations for security, safety, and project management through a unified data platform.

The system features automated drones and docking stations capable of autonomous battery changes and sensor installations, covering up to 30 square miles per airbase. Notably, Optimus is the first uncrewed data-capturing system to receive FAA Airworthiness Type Certification and is currently operational in the UAE and Israel, with marketing efforts expanding globally across industrial, government, and defense markets.

Ondas Holdings (NASDAQ:ONDS) announced that a note holder has purchased $11.5 million in 3% senior convertible notes due 2026. The note holder has the option to invest an additional $18.9 million. The funds will primarily support the growth of Ondas Autonomous Systems (OAS), the company's drone business, which secured $14.4 million in orders in Q3 2024.

The investment will be used to develop operational capabilities, boost inventory production for anticipated increased demand in 2025, and expand global sales, marketing, and support activities. The company sees growing opportunities in global defense and security markets for its Iron Drone and Optimus platforms. Oppenheimer & Co. Inc. will serve as placement agent for the offering.

Ondas Holdings has been selected as the lead commercial partner for the Intelligent Infrastructure Economic Zone (IIEZ) on Texas State Highway 130. The initial design will enable ten drone zones to support high-traffic regions between Circuit of the Americas and Georgetown, Texas.

The project will support routine operations for inspections, security, and public safety. Through its subsidiaries, Ondas offers industrial-grade autonomous drone solutions with the Optimus System, a fully autonomous drone platform that functions as shared infrastructure for networked fleet operations. The system operates remotely without human intervention, covering a 30-square-mile area per zone.

The City of Austin has identified over 100 drone use cases across multiple departments, including Energy, Fire, Water, City Planning, Police, Parks, Transportation, and Public Works. The SH130 corridor hosts major companies including Tesla, Samsung, and Amazon.