Ondas Holdings’ Airobotics Secures $5.4 Million Purchase Order from a Major Defense Customer for the Optimus System, a Fully Autonomous Unmanned Aerial Surveillance Platform

Rhea-AI Summary

Ondas Holdings Inc. (NASDAQ:ONDS) has announced that its subsidiary, Airobotics , received a $5.4 million order for multiple Optimus Systems from a major defense customer. The systems will be used for critical asset protection and border security. This order brings Ondas' total purchase orders for Q3 2024 to $14.4 million, including $9.0 million in orders for the Iron Drone Raider.

The Optimus System is a fully autonomous unmanned aerial surveillance platform capable of persistent remote operations in harsh, complex environments, including those with GPS and wireless connectivity. It has been extensively used by various governmental and commercial customers worldwide, conducting thousands of operational drone flights without human intervention.

This order signifies the further adoption of Ondas' autonomous drone platforms in the global defense sector, with both the Optimus System and Iron Drone Raider being deployed in military security operations.

Positive

• Secured a $5.4 million order for Optimus Systems from a major defense customer
• Total purchase orders for Q3 2024 reached $14.4 million
• Expansion into global military markets with two autonomous drone platforms
• Optimus System's capability to operate in GPS-denied environments is a significant differentiator
• Growing market opportunities for both Optimus System and Iron Drone Raider in defense markets

Negative

• None.

Insights

Defense Technology Analyst

This $5.4 million purchase order for Ondas Holdings' Airobotics Optimus System represents a significant breakthrough in the defense sector. The order, combined with previous Q3 orders, brings total bookings to $14.4 million, indicating strong market traction for Ondas' drone technologies.

Key points:

• Optimus System's ability to operate autonomously in GPS-denied environments is a critical differentiator
• Deployment for asset protection and border security showcases the system's versatility
• The order signals growing adoption of autonomous drones in military operations
• Ondas now offers two complementary platforms: Optimus for surveillance and Iron Drone Raider for counter-drone operations

This deal potentially opens doors to a vast global defense market, estimated at hundreds of billions annually. For a company with a market cap of just $53 million, securing contracts of this magnitude could be transformative. Investors should monitor future order flow and the company's ability to scale production to meet demand.

Financial Analyst

This order marks a significant revenue boost for Ondas Holdings, potentially impacting its financial outlook:

• Q3 2024 orders now total $14.4 million, a substantial figure relative to Ondas' $53 million market cap
• The $5.4 million Optimus System order alone represents 10.2% of the company's current market value
• Diversification into defense sector may lead to more stable, long-term revenue streams
• Potential for follow-on orders and expanded customer base in the defense industry

However, investors should consider:

• Current profitability and cash flow situation
• Ability to fulfill orders and maintain product quality at scale
• Potential impact on operating expenses and margins

While this news is positive, careful analysis of upcoming financial reports will be important to understand the full impact on Ondas' financial health and growth trajectory.

Ondas' purchase orders received during third quarter 2024 now total $14.4 million, including $9.0 million in orders for the Iron Drone Raider

Optimus Systems will be deployed by a major defense customer to assist in critical asset protection and aerial border security

Order signifies the further adoption of Ondas' portfolio of autonomous drone platforms in the global defense sector, with the Optimus System joining the Iron Drone Raider for deployment in military security operations

The Optimus System is a military grade autonomous platform uniquely capable of persistent remote operations in harsh complex aerial environments including with limited access to GPS and wireless connectivity

MARLBOROUGH, MA / ACCESSWIRE / September 30, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary, Airobotics LTD ("Airobotics"), has received a $5.4 million order for the delivery of multiple Optimus Systems from a major defense customer intended for critical asset protection and border security. The Optimus System has been extensively utilized by various governmental and commercial customers worldwide, carrying out thousands of operational drone flights without human intervention under challenging environmental conditions and in densely populated areas.

"We are thrilled to secure this order for our Optimus System from a major defense customer, signifying an expansion of our capabilities in serving the security needs of the large global military markets," said Eric Brock, Chairman and CEO of Ondas and OAS. "With this order, we can now point to a portfolio of capabilities including two best-in-class aerial platforms - Optimus, along with our Iron Drone Raider counter-drone system, being adopted for live military security operations. We believe the Optimus System's high reliability and ability to perform continuous 24/7 remote drone operations including missions in complex, GPS-denied aerial environments are a significant differentiator for the platform with military customers."

"Global military customers are seeking to respond to rapid technological changes and integrate drones into combat and security operations. Increasingly, fully autonomous systems, built to military grade standards like Optimus, are required for scalability and effective operations, whereas most commercial drone-in-a-box competitors are deployed across smaller and less rugged and capable docking stations. We believe both our Optimus System and our Iron Drone Raider counter-drone platform have significant and growing market opportunities addressing urgent security needs for defense markets worldwide," Brock concluded.

The Optimus System is already deployed in the United Arab Emirates (UAE) and Israel, providing security and aerial data services across commercial and governmental markets. The Optimus System provides fleets of automated drones that are operated from a remote operating center and do not require on-the-ground human intervention. They function as a task force capable of simultaneously collecting and providing critical information for a variety of customer requirements. Each Optimus System, networked as fleet infrastructure, includes a smart airbase enabling automated battery changes for 24/7 operations, along with the automated loading and installation of sensors appropriate for each specified mission. Optimus drones cover up to 30 square miles surrounding an airbase. Drone flights can be tasked to carry specific sensors, enabling each drone within the fleet to execute diverse tasks. Drones can be activated for complex longer-term operations, with flights overseen by remote operators in a command-and-control center.

The Company's Ondas Autonomous Systems (OAS) business unit has secured an aggregate $14.4 million of orders the third quarter of 2024. This includes $9.0 million of purchases orders previously received from a major military customer, marking the initial adoption of the Iron Drone Raider system in defense markets. The Iron Drone Raider system is an advanced counter-drone solution designed to protect critical infrastructures and populations from aerial threats from hostile drones.

About Ondas Holdings Inc.

Ondas Holdings Inc. ("Ondas") is a leading provider of private wireless data solutions via Ondas Networks Inc. ("Ondas Networks") and commercial drone solutions through Ondas Autonomous Systems Inc. via its wholly owned subsidiaries American Robotics, Inc. ("American Robotics" or "AR") and Airobotics LTD ("Airobotics"), which we operate as a separate business unit called Ondas Autonomous Systems.

Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications.

Our Ondas Autonomous Systems business unit designs, develops, and markets autonomous drone solutions via the Optimus System™ - the world's first FAA certified small UAS (sUAS) developed for aerial security and data capture and the Iron Drone Raider™, a counter-drone system designed to protect from the growing threat of hostile drones. The Optimus and Iron Drone Raider platforms are highly automated, AI-powered drone systems capable of continuous, remote operation and are marketed as "drone-in-a-box" turnkey security and data solution. They are deployed for critical defense, industrial and government applications where security, data and information collection and processing are required. American Robotics and Airobotics have industry leading regulatory successes which include a first of its kind FAA Type Certification for the Optimus System and having the first drone system approved by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) without a human operator on-site. 

Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. 

For additional information on Ondas Holdings, visit www.ondas.com or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit www.ondasnetworks.com or follow Ondas Networks on X and LinkedIn. For additional information on American Robotics, visit www.american-robotics.com or follow American Robotics on X and LinkedIn. For additional information on Airobotics, visit www.airoboticsdrones.com or follow Airobotics on X and LinkedIn. For additional information on Ondas Autonomous Systems, follow us on LinkedIn.

Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law. 

Contacts

IR Contact for Ondas Holdings Inc.
888.350.9994
ir@ondas.com

Media Contact for Ondas
Preston Grimes
Marketing Manager, Ondas Holdings Inc.
preston.grimes@ondas.com

SOURCE: Ondas Holdings Inc.

View the original press release on accesswire.com

FAQ

What is the value of the purchase order Airobotics received for the Optimus System?

Airobotics, a subsidiary of Ondas Holdings (NASDAQ:ONDS), received a $5.4 million purchase order for multiple Optimus Systems from a major defense customer.

What is the total value of purchase orders Ondas Holdings (ONDS) received in Q3 2024?

Ondas Holdings (NASDAQ:ONDS) secured an aggregate of $14.4 million in purchase orders during the third quarter of 2024.

What are the main applications of the Optimus System ordered from Ondas Holdings (ONDS)?

The Optimus Systems ordered from Ondas Holdings (NASDAQ:ONDS) are intended for critical asset protection and border security by a major defense customer.

How does the Optimus System by Ondas Holdings (ONDS) operate in challenging environments?

The Optimus System by Ondas Holdings (NASDAQ:ONDS) is capable of persistent remote operations in harsh, complex aerial environments, including those with access to GPS and wireless connectivity.