Ondas Networks Receives New Order for Integrated Coastal Surveillance System to be Deployed in Asia

Rhea-AI Summary

Ondas Holdings Inc. (Nasdaq:ONDS) announced a new order from a major defense contractor for its wireless communications system, intended for a coastal surveillance project in Asia. This follows the successful integration of its technology into a similar system deployed in the Caribbean earlier this year. The system aims to enhance Maritime Situational Awareness for sovereign nations, using FullMAX technology for real-time data transmission. The order is slated for delivery in Q4 2022 and supports a broader rollout in a large Asian country.

Positive

• New order from a major defense contractor for coastal surveillance system.
• Successful technology integration in previous project in the Caribbean.
• Expected delivery in Q4 2022 as part of a multi-system rollout.

Negative

• None.

WALTHAM, MA / ACCESSWIRE / October 12, 2022 / Ondas Holdings Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of private wireless, drone and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc. ("Ondas Networks") and American Robotics, Inc. ("American Robotics" or "AR"), announced today that Ondas Networks has received a new order from a major defense contractor for its next generation wireless communications system to be integrated into a coastal surveillance system in Asia.

This order was secured after Ondas' successful integration into a similar coastal surveillance system deployed by the defense contractor earlier this year in the Caribbean. The order is planned for delivery in the fourth quarter of 2022 and is part of a multi-system rollout for a large Asian country.

Integrated Coastal Surveillance Systems (ICSS) are designed to offer sovereign nations Maritime Situational Awareness (MSA) and surveillance capabilities against threats and unlawful activities originating at sea. These radar-based systems consist of a national command and control center, Automatic Identification Systems (AIS), meteorological sensors and a critical communications network implemented using FullMAX technology that can transmit data in real time over long range from the coastal perimeter to Coast Guard and Police vessels at sea. ICSS is designed for the detection of all types of surface targets at long range even under adverse sea conditions.

"We are continuing to make notable progress in new end-markets and geographies with our advanced network solutions," stated Eric Brock, Chairman and CEO of Ondas. "In June of this year, we announced the first successful installation of our technology into an ICSS system with a respected global defense contractor in the Caribbean. With the initial success of demonstrating our technology's licensed frequency flexibility, reliability, and long communications range over ocean surfaces, we are pleased to continue broadening the scale of our technology in this emerging market. This order is a strong indicator that our FullMAX technology has significant potential for adoption in global homeland security markets."

About Ondas Holdings Inc.
Ondas Holdings Inc. ("Ondas") is a leading provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. ("Ondas Networks") and American Robotics, Inc. ("American Robotics" or "AR"). Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial 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. American Robotics designs, develops, and markets industrial drone solutions for rugged, real-world environments. AR's Scout System™ is a highly automated, AI-powered drone system capable of continuous, remote operation and is marketedas a "drone-in-a-box" turnkey data solution serviceunder a Robot- as-a-Service (RAAS) business model. The Scout System™ is 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 and American Robotics together provide users in rail, agriculture, utilities and critical infrastructure markets with improved connectivity and data collection capabilities.

For additional information on Ondas Networks and Ondas Holdings, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. For additional information on American Robotics, visit www.american-robotics.comor follow American Robotics on Twitter and 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.

Company Contact:
Derek Reisfield, President and CFO
Ondas Holdings Inc.
888-350-9994 x1019
ir@ondas.com

Investor Relations Contact:
Cody Cree and Matt Glover
Gateway Group, Inc.
949-574-3860
ONDS@gatewayir.com

SOURCE: Ondas Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/719998/Ondas-Networks-Receives-New-Order-for-Integrated-Coastal-Surveillance-System-to-be-Deployed-in-Asia

FAQ

What recent order did Ondas Holdings receive?

Ondas Holdings received a new order for its wireless communications system from a major defense contractor, intended for a coastal surveillance system in Asia.

When is the delivery of the new order expected?

The delivery of the new order is expected in the fourth quarter of 2022.

What technology is used in the coastal surveillance system?

The coastal surveillance system utilizes Ondas's FullMAX technology for real-time data transmission over long ranges.

What was the outcome of Ondas's previous project?

Ondas successfully integrated its technology into a coastal surveillance system deployed in the Caribbean earlier this year.

What does Integrated Coastal Surveillance System provide?

The Integrated Coastal Surveillance System offers Maritime Situational Awareness and surveillance capabilities against threats at sea.