Ondas Receives Order from Major Defense Company for Integration of New Applications to its AI-Driven Iron Drone Raider System

Rhea-AI Summary

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.

Positive

• Secured new purchase order for Iron Drone Raider system from major defense company
• Q3 2024 defense market orders totaled $14.4 million
• Major government military customer ordered $9.0 million worth of Iron Drone Raider systems
• Platform expansion increases total addressable market (TAM)

Negative

• None.

Insights

Defense Technology Analyst

The expansion of Iron Drone Raider's capabilities to counter ground threats represents a strategic pivot in Ondas' defense portfolio. The $14.4 million in Q3 2024 defense orders, including $9.0 million specifically for Iron Drone Raider, demonstrates significant market validation. The system's AI-driven capabilities and modular design position it uniquely in the counter-UAS (C-UAS) market, which is projected to reach $4.7 billion by 2027.

The addition of ground threat detection capabilities expands the platform's versatility beyond aerial threats, potentially doubling the addressable market by entering the ground surveillance and defense segment. This multi-domain approach aligns with modern military doctrine of integrated air and ground defense systems.

For investors unfamiliar with defense technology: Think of Iron Drone Raider as a highly intelligent security guard that can now watch both the sky and the ground. Previously, it was like having a guard who could only look up - now it can protect against threats from all directions, making it much more valuable to customers.

Market Research Analyst

This development carries substantial commercial implications. The expansion into ground threat detection opens new market segments beyond the initial counter-drone focus. The order from a major defense company suggests strong product-market fit and potential for follow-on contracts. Historical defense procurement patterns show that successful integration testing typically leads to larger deployment orders.

The timing is particularly strategic given the increasing global focus on integrated defense systems. The modular nature of the platform reduces barriers to adoption and enables rapid capability expansion, which is highly valued in defense procurement. Current market dynamics suggest potential for accelerated growth in 2025, especially with the existing $14.4 million order base providing revenue visibility.

In simple terms: Imagine a Swiss Army knife getting a new tool - each new capability makes the product more valuable and opens new markets. This order shows that big customers want these new features, which usually leads to bigger orders down the line.

The purchase order includes integration and testing of new features and capabilities for protecting against additional ground threats, expected to further increase total addressable market (TAM)

Ondas will continue expanding the applications of its unique AI-integrated drone platform, making it relevant to additional applications in the Defense and Homeland Security markets

BOSTON, MA / ACCESSWIRE / January 8, 2025 / 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 Ondas Autonomous Systems Inc. ("OAS") business unit's Airobotics subsidiary has received a purchase order for its Iron Drone Raider from a major defense company. The order includes the integration and testing of new features required for defending from additional ground threats.

"The Iron Drone Raider is a high performing, modular platform with AI-driven navigation and operating capabilities tailored to the most demanding defense requirements," said Eric Brock, Chairman and CEO of Ondas. "Indeed, this versatility is allowing for expanded applications further expanding the potential market size for our Iron Drone platform. These new use cases meet an additional need identified by a governmental customer with the required performance and cost parameters. Securing this platform expansion highlights the exceptional talent and experience of our Airobotics team and the confidence our defense partners and customers have in Ondas."

During the third quarter of 2024, OAS secured several initial orders in the defense market, totaling approximately $14.4 million, which included several purchase orders totaling $9.0 million from a major government military customer for the Iron Drone Raider system. The Iron Drone Raider systems are being deployed as a core element of a multi-layered homeland security infrastructure to protect critical locations, assets and populations from the threat of hostile drones.

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

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.

Ondas Autonomous Systems Inc. (OAS) specializes in designing, developing, and marketing autonomous drone solutions via its two advanced drone platforms: the Optimus System, the world's first FAA-certified small UAS (sUAS) for aerial security and data capture, and the Iron Drone Raider, a counter-drone system designed to combat hostile drones. Both platforms are highly automated, AI-powered, and capable of continuous, remote operation for critical defense, infrastructure, industrial, and government applications. American Robotics and Airobotics have achieved industry-leading regulatory milestones, including the first-ever FAA Type Certification for the Optimus System and the first drone system approved by the FAA for automated beyond-visual-line-of-sight (BVLOS) operations without an on-site human operator. 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.

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 x1019
ir@ondas.com

Media Contact for Ondas
Escalate PR
ondas@escalatepr.com
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 total value of defense orders received by Ondas (ONDS) in Q3 2024?

Ondas received defense market orders totaling $14.4 million in Q3 2024, including $9.0 million from a major government military customer for the Iron Drone Raider system.

What new features is Ondas (ONDS) adding to the Iron Drone Raider system?

Ondas is integrating and testing new features required for defending against additional ground threats, which is expected to expand the platform's applications and market potential.

How is the Iron Drone Raider system being used in homeland security?

The Iron Drone Raider system is being deployed as a core element of a multi-layered homeland security infrastructure to protect critical locations, assets and populations from hostile drones.

What are Ondas' (ONDS) expectations for future orders of the Iron Drone Raider?

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