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Ondas Holdings Inc. (NASDAQ: ONDS) stands as a leader in providing private industrial wireless networks and commercial drone and automated data solutions. The company operates two primary business segments: Ondas Networks and Ondas Autonomous Systems, each contributing significantly to the company's revenue and market presence.
Ondas Networks focuses on designing, developing, manufacturing, and supporting proprietary, software-based wireless broadband technology. Their flagship product, the FullMAX Software Defined Radio (SDR) platform, is used across various sectors, including railroads, utilities, oil and gas, transportation, and government entities. This technology enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of legacy private licensed wireless networks. The recent milestones include a $2.8 million agreement to upgrade on-locomotive radios and successful integration milestones in the 900 MHz frequency band with several railroad customers.
Ondas Autonomous Systems encompasses their commercial drone solutions, primarily through their subsidiaries American Robotics, Inc. and Airobotics Ltd.. Their flagship product, the Optimus System™, is the world's first FAA-certified small UAS developed for aerial security and data capture. It operates as a drone-in-a-box turnkey data solution service, focusing on critical industrial and government applications. The Optimus System has seen extensive use in Dubai, demonstrating faster emergency response times and significant interest from cities worldwide. Additionally, the Iron-Drone Raider™ platform, a counter-UAS system, has received initial purchase orders from defense companies, indicating a growing market for autonomous drone solutions.
Recent news highlights include a strategic partnership between American Robotics and ResilienX, Inc. to enhance the safety and reliability of autonomous systems, particularly for beyond visual line-of-sight (BVLOS) applications. Ondas has also achieved record revenues of $15.7 million in 2023, driven by the commercial adoption of the Optimus System and product revenues at Ondas Networks. The company is poised for significant growth in 2024, with ongoing projects and expanding customer bases in the U.S., Europe, and the Middle East.
For more information, visit www.ondas.com or follow Ondas Holdings on X (formerly Twitter) and LinkedIn.
Ondas Holdings Inc. (NASDAQ:ONDS) and Volatus Aerospace Inc. (TSXV:FLT) have announced a strategic partnership through Ondas' subsidiary, American Robotics. The collaboration will see Volatus marketing and supporting American Robotics' Optimus System - a fully autonomous drone platform providing 24/7 aerial security and intelligence.
This partnership aims to enhance border surveillance capabilities by integrating the Optimus System with Volatus' Operations Control Center (OCC) to create comprehensive security solutions. The multi-modal approach combines piloted and remotely piloted aircraft with ground-based sensors to address critical security needs along borders, including the 5,525-mile US-Canada border.
Key partnership highlights include technology integration for automated aerial monitoring, market expansion in Canada, the UK, and Africa, and Volatus serving as a factory-authorized training center for the Optimus System. The NDAA-compliant system features automated battery and payload swapping for uninterrupted operations in challenging environments.
Ondas Holdings' (NASDAQ:ONDS) subsidiary Airobotics has launched a global demonstration tour for its Iron Drone Raider counter-drone system. The tour will showcase the system's capabilities in intercepting and neutralizing hostile drones across North America, Europe, the Middle East, and Asia, targeting defense, homeland security, and critical infrastructure sectors.
The initiative follows successful deployments and expanded purchase orders from a major military customer. The Iron Drone Raider is a fully autonomous system that detects, tracks, and neutralizes hostile drones without requiring GPS or RF jamming, using AI and sensor fusion technology. The system features automated docking stations for rapid deployment of multiple interceptors.
The counter-drone market, valued at $1.6 billion in 2023, is projected to grow at a 27.8% CAGR, reaching $14.9 billion by 2032. The company has established a specialized demonstration team of drone operators, engineers, and security specialists to conduct live demonstrations in realistic operational environments.
Ondas Holdings (NASDAQ:ONDS) has announced its participation in TD Cowen's 46th Annual Aerospace & Defense Conference, scheduled for February 11-13, 2025, at The Ritz-Carlton, Pentagon City in Arlington, Virginia. Chairman and CEO Eric Brock will deliver a presentation on February 12 at 9:15 am ET.
The presentation will highlight the defense and security platforms offered by Ondas Autonomous Systems, which provides aerial security, intelligence, and data solutions through its Optimus System and Iron Drone Raider autonomous drone platforms. These solutions, delivered via American Robotics and Airobotics subsidiaries, serve critical military, government, and industrial markets worldwide.
The conference will feature presentations, fireside chats, and panel discussions moderated by TD Cowen research team members, focusing on various aspects of the Aerospace & Defense industry.
Rain Enhancement Technologies Holdco (RAIN) has announced the appointment of Randy Seidl as Chief Executive Officer, transitioning from his previous role as Co-CEO since January 2, 2025. Seidl brings over 30 years of technology industry experience, having served in executive positions at Hewlett Packard, Sun Microsystems, and EMC
Chris Riley has stepped down as Co-CEO but will remain on the Company's Board. Seidl, who holds a degree from Boston College's Carroll School of Management and serves on multiple corporate boards including Ondas Holdings, will focus on developing and commercializing RET's ionization rainfall generation technology across various sectors including energy, agriculture, logistics, transportation, and decarbonization.
Ondas Holdings (NASDAQ:ONDS) has appointed Markus Nottelmann as Chief Executive Officer at Ondas Networks. Nottelmann, who has been serving as a Senior Advisor at Ondas Holdings since October 2024, brings extensive experience in introducing new technologies to railroad markets and strategic financial operations.
The appointment comes at a important time as the company focuses on accelerating the adoption of its dot16 wireless connectivity platform and advancing commercial development with railroad customers and partners. Nottelmann's previous experience includes leadership positions at Sperry Rail Service, Acuren Inspections, Furmanite Inc., and DMA S.r.l. Since 2020, he has worked as a strategic CFO, guiding companies through transformations and acquisitions.
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.
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