Ondas Secures Expansion of its Initial Purchase Order of Iron Drone Raider Systems Received from a Major Military Customer for Immediate Deployment
Ondas Holdings Inc. (NASDAQ:ONDS) has received an expansion of its initial purchase order for Iron Drone Raider counter-drone systems from a military customer. The expansion includes additional features and support services for systems to be deployed in military defense activities. The Iron Drone Raider system, described as one of the most advanced counter-drone solutions available, uses AI-enabled sensor technology and a high-speed interceptor drone to neutralize hostile drones.
The expansion order reflects the urgent demand for high-performance counter-UAS systems in response to growing threats from hostile drones. Ondas is positioning itself as a prime defense contractor in the rapidly growing counter-UAS market, which is expected to expand from $1.6 billion in 2023 to $14.9 billion by 2032, with a 27.8% CAGR.
Ondas Holdings Inc. (NASDAQ:ONDS) ha ricevuto un'espansione del suo ordine di acquisto iniziale per i sistemi Iron Drone Raider per il contrasto ai droni da un cliente militare. L'espansione include funzionalità aggiuntive e servizi di supporto per i sistemi che saranno utilizzati in attività di difesa militare. Il sistema Iron Drone Raider, descritto come una delle soluzioni più avanzate per il contrasto ai droni disponibili, utilizza tecnologia dei sensori abilitata dall'IA e un drone intercettore ad alta velocità per neutralizzare i droni ostili.
L'ordine di espansione riflette la domanda urgente per i sistemi anti-UAS ad alte prestazioni in risposta alle crescenti minacce provenienti dai droni ostili. Ondas si sta posizionando come un principale appaltatore di difesa nel mercato in rapida crescita dei sistemi anti-UAS, che si prevede crescerà da 1,6 miliardi di dollari nel 2023 a 14,9 miliardi di dollari entro il 2032, con un CAGR del 27,8%.
Ondas Holdings Inc. (NASDAQ:ONDS) ha recibido una ampliación de su orden de compra inicial para los sistemas Iron Drone Raider de contrarresto a drones de un cliente militar. La ampliación incluye características adicionales y servicios de soporte para los sistemas que serán desplegados en actividades de defensa militar. El sistema Iron Drone Raider, descrito como una de las soluciones de contrarresto a drones más avanzadas disponibles, utiliza tecnología de sensores habilitada por IA y un dron interceptor de alta velocidad para neutralizar drones hostiles.
La orden de ampliación refleja la demanda urgente de sistemas anti-UAS de alto rendimiento en respuesta a las crecientes amenazas de los drones hostiles. Ondas se está posicionando como un contratista de defensa principal en el mercado de anti-UAS, que se espera que crezca de 1.6 mil millones de dólares en 2023 a 14.9 mil millones de dólares para 2032, con un CAGR del 27.8%.
Ondas Holdings Inc. (NASDAQ:ONDS)는 군 고객으로부터 Iron Drone Raider 드론 대응 시스템에 대한 초기 구매 주문의 확장을 받았습니다. 확장은 군 방어 활동에 배치될 시스템을 위한 추가 기능 및 지원 서비스를 포함합니다. Iron Drone Raider 시스템은 사용 가능한 가장 진보된 드론 대응 솔루션 중 하나로 설명되며, AI 기반 센서 기술과 적대적인 드론을 무력화하는 고속 인터셉터 드론을 사용합니다.
확장 주문은 적대적인 드론의 증가하는 위협에 대한 반응으로 고성능 반-UAS 시스템에 대한 긴급한 수요를 반영합니다. Ondas는 2023년 16억 달러에서 2032년 149억 달러로 성장할 것으로 예상되는 급성장하는 반-UAS 시장의 주요 방산 계약자로 자리매김하고 있습니다. 이 시장은 연평균 성장률(CAGR) 27.8%를 기록할 것으로 보입니다.
Ondas Holdings Inc. (NASDAQ:ONDS) a reçu une extension de sa commande d'achat initiale pour les systèmes Iron Drone Raider de contre-drone d'un client militaire. L'extension comprend des fonctionnalités supplémentaires et des services d'assistance pour les systèmes qui seront déployés dans les activités de défense militaire. Le système Iron Drone Raider, décrit comme l'une des solutions de contre-drone les plus avancées disponibles, utilise la technologie de capteurs activée par l'IA et un drone intercepteur à grande vitesse pour neutraliser les drones hostiles.
La commande d'extension reflète la demande urgente de systèmes anti-UAS haute performance en réponse à la montée des menaces provenant de drones hostiles. Ondas se positionne en tant qu'entrepreneur principal de défense sur le marché en pleine expansion des systèmes anti-UAS, qui devrait passer de 1,6 milliard de dollars en 2023 à 14,9 milliards de dollars d'ici 2032, avec un taux de croissance annuel composé (CAGR) de 27,8%.
Ondas Holdings Inc. (NASDAQ:ONDS) hat eine Erweiterung seiner ursprünglichen Bestellung für Iron Drone Raider Drohnenabwehrsysteme von einem militärischen Kunden erhalten. Die Erweiterung umfasst zusätzliche Funktionen und Unterstützungsdienste für Systeme, die in militärischen Verteidigungsaktivitäten eingesetzt werden. Das Iron Drone Raider-System, das als eine der fortschrittlichsten Lösungen zur Drohnenabwehr beschrieben wird, verwendet KI-gestützte Sensortechnologie und eine Hochgeschwindigkeits-Interceptor-Drohne, um feindliche Drohnen zu neutralisieren.
Die Erweiterungsbestellung spiegelt die dringende Nachfrage nach Hochleistungs-gegen-UAS-Systemen wider, um auf die wachsenden Bedrohungen durch feindliche Drohnen zu reagieren. Ondas positioniert sich als Hauptauftragnehmer im schnell wachsenden Markt für gegen-UAS-Systeme, der voraussichtlich von 1,6 Milliarden US-Dollar im Jahr 2023 auf 14,9 Milliarden US-Dollar im Jahr 2032 wachsen wird, mit einer durchschnittlichen jährlichen Wachstumsrate (CAGR) von 27,8%.
- Expansion of initial purchase order for Iron Drone Raider systems from a military customer
- Positioning as a prime defense contractor in the rapidly growing counter-UAS market
- Global counter-drone market expected to grow from $1.6 billion in 2023 to $14.9 billion by 2032 (27.8% CAGR)
- Additional volume orders expected in the second half of 2024 based on combat success
- None.
Insights
The expansion of Ondas' initial purchase order for Iron Drone Raider systems signifies a significant development in counter-drone technology. This system's ability to neutralize autonomous drones without causing collateral damage addresses a critical gap in current defense capabilities. The AI-enabled "Continuum of Autonomy" is particularly noteworthy, allowing for operation in GPS-denied environments – a important feature in modern warfare scenarios.
The market potential is substantial, with projections indicating a
The expansion of the Iron Drone Raider order underscores the urgent need for advanced counter-UAS capabilities in modern military operations. The system's ability to capture hostile drones with minimal collateral damage is a game-changer, particularly in urban or sensitive environments where traditional kinetic solutions are problematic.
The automated nature of the Raider system, including its docking station capable of launching multiple drones, suggests potential for rapid response and sustained defense against swarm attacks – a growing concern in military circles. However, the true test will be its performance in combat situations. The mention of "additional volume orders expected in the second half of 2024 based upon combat success" indicates that real-world effectiveness will be crucial for Ondas' long-term success in this market.
This order expansion demonstrates strong market validation for Ondas' Iron Drone Raider system. While specific financial details are not disclosed, the rapid follow-up to the initial order suggests high customer satisfaction and urgent demand. The potential for additional volume orders in 2024 indicates a promising revenue pipeline.
Investors should note that Ondas is positioning itself in a high-growth market segment, with the counter-drone market expected to grow at a
Expansion of initial purchase order received from a government military customer reflects the urgent need for Ondas' innovative counter-drone system Iron Drone Raider system
Additional volume orders are expected in the second half of 2024 based upon combat success
MARLBOROUGH, MA / ACCESSWIRE / August 14, 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, updated today that it has received an expansion of the initial purchase order received from a military customer for several Iron Drone Raider (the "Raider") counter-drone systems. The expansion includes additional features and support services for the systems that will be deployed and operated as part of military defense activities to protect from hostile drones threatening borders, critical locations, populations and defense forces.
"Our Iron Drone Raider system is probably the most advanced counter drone solution available today for military and homeland security organizations worldwide," said Eric Brock, Chairman and CEO of Ondas. "We received our initial Iron Drone Raider order directly from a military customer last month, and now this customer has extended its order to include more specific capabilities to support these upcoming operations. Ondas is positioning itself as a prime defense contractor in an emerging, and rapidly growing counter-UAS market with a large total addressable market. This expansion order demonstrates the high and urgent demand for our high-performance systems in response to the rapidly growing threat posed by hostile drones. We believe our unique AI-enabled technology can provide a highly reliable, cost-effective solution to hostile drones compared to alternatives, which are typically expensive and often cause significant collateral damage when deployed."
The ongoing conflicts and events worldwide underscore the growing threat posed by small, hostile drones, which are increasingly used for aerial surveillance and kamikaze attacks. Various countermeasures, such as jamming GPS signals or manually controlling radio communications, can neutralize some drones. However, drones operating autonomously or without communications can only be stopped through physical interception or shooting, which are not always feasible and can cause dangerous collateral damage.
To address this challenge, the Iron Drone Raider system has been developed to tackle all types of hostile drones, regardless of their navigation methods. This system deploys a high-speed interceptor drone which identifies and locks onto incoming hostile drones using advanced AI-enabled sensor technology within a "Continuum of Autonomy." This continuum integrates ground-based and on-board thermal and micro-radar sensors with AI-powered command and control software, enabling the Raider to operate autonomously at high speeds and with great responsiveness in complex, GPS-denied environments.
Upon deployment, the Raider drone locates, tracks, and hunts the hostile drone, incapacitating it with a net. To ensure a safe descent, the net can be attached to a parachute, gently lowering the captured drone to the ground. After completing its mission, the Raider drone returns to its launch location for reuse. The entire process is fully automated and includes a docking station capable of storing and launching up to five Raider drones simultaneously.
The global market for counter-drone applications was approximately
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.
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.
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