Ondas Hldgs Inc - ONDS STOCK NEWS

Ondas Holdings Inc. (NASDAQ: ONDS) announced that its subsidiary, Airobotics, received a new order for services from a leading semiconductor chip manufacturer. The Optimus System, an aerial data platform, has been operational since 2016 at a major chip fabrication facility in Israel, ensuring project safety and security. This technology will extend to construction management, offering progress monitoring and data analytics. The continued partnership with a Fortune 100 company showcases the reliability of Airobotics' autonomous drone technology, presenting opportunities for expansion in the construction management sector.

Ondas Holdings Inc. (NASDAQ:ONDS) has announced preliminary financial results for 2022, projecting total revenue of approximately $2.1 million and an Adjusted EBITDA loss of $39.5-$40.5 million. The company ended the year with $29.8 million in cash and outstanding convertible notes. A new business segment, Ondas Autonomous Systems, has been formed to manage drone operations. Key appointments include Reese Mozer as President of Ondas and Meir Kliner as President of Ondas Autonomous Systems. Looking ahead, Ondas expects preliminary revenue guidance for 2023 between $26 million and $30 million.

Ondas Holdings Inc. (NASDAQ: ONDS) announced a multi-system purchase order worth $3.5 million from SkyGo, a UAE-based company, for the deployment of aerial drone services in Abu Dhabi. This partnership, formalized in a Term Sheet for a Joint Venture (SkyGo JV), aims to utilize Airobotics’ Optimus System for various commercial applications. The initial deployment will include over 20 Optimus Systems to enhance public services and infrastructure monitoring. This venture is expected to begin commercial operations in Q1 2023, marking a significant step forward in the usage of autonomous drone technology in urban settings.

Ondas Holdings Inc. (Nasdaq: ONDS) will host a Virtual Investor Event on February 14, 2023, at 10:00 a.m. ET, led by Chairman and CEO Eric Brock. The event will discuss the 2023 business outlook and integration of the drone segment following the Airobotics acquisition. Attendees can access the webcast via the company's investor relations website. A toll-free dial-in number (1-844-883-3907) and international number (1-412-317-5798) will be available. The presentation will cover Ondas Networks and its drone solutions, emphasizing advancements in AI-powered autonomous drone capabilities.

Ondas Holdings has completed its acquisition of Airobotics effective January 23, 2023. This strategic move enhances Ondas' market position in the drone industry by adding advanced autonomous unmanned aircraft systems and data visualization platforms to its portfolio. The acquisition is expected to drive significant revenue growth in 2023, leveraging Airobotics' capabilities and proven technology. Additionally, Ondas will be dual-listed on Nasdaq and the Tel Aviv Stock Exchange starting January 26, 2023. A virtual investor event is scheduled for February 14, 2023, to detail integration efforts and discuss the company's outlook.

Ondas Holdings Inc. (Nasdaq: ONDS) has announced that Ondas Networks has secured a development order from Siemens Mobility for a software-based Network Controller. This initiative aims to enhance the efficiency of Class 1 Railroads in utilizing their FCC-designated licensed frequencies across various networks and applications.

According to CEO Eric Brock, the Network Controller will facilitate the transition from outdated narrowband systems to flexible, higher-capacity IP-based systems. This software enhancement is expected to optimize spectrum resource sharing among railroads, increasing both data capacity and network performance.

Ondas Holdings Inc. (Nasdaq: ONDS) has announced a significant order for 160 MHz radios from Siemens Mobility for a major Class 1 Railroad in North America. This marks the first engagement in the 160 MHz railroad radio frequency band, enhancing connectivity across challenging geographic environments. The order follows a previous volume agreement for the 900 MHz network. Ondas Networks aims to deliver advanced rail applications to improve operational efficiency, utilizing IP-based networks and the IEEE 802.16 wireless broadband standard. This development underscores the growing adoption of wireless technology within the North American rail industry.

Ondas Holdings (Nasdaq: ONDS) is set to close its acquisition of Airobotics by the end of January 2023. The company is accelerating integration efforts between American Robotics and Airobotics, aiming to streamline operations and reduce costs. This integration is expected to result in annual savings of $18 - 20 million. Ondas anticipates one-time integration costs of approximately $0.5 million in Q1 2023. The company plans to hold a virtual investor event in February 2023 to discuss the acquisition and its future outlook.

Ondas Holdings Inc. announced on December 19, 2022, that shareholders of Airobotics Ltd. approved its acquisition, expected to close by the end of January 2023. This acquisition will make Airobotics a wholly owned subsidiary, enhancing Ondas' position in the drone industry. The company also gained approval for a dual listing on the Tel Aviv Stock Exchange, allowing for a broader investor reach. The integration aims to leverage Airobotics' Optimus System alongside American Robotics' technology, targeting high-growth market opportunities.