Welcome to our dedicated page for Ondas Holdings news (Ticker: ONDS), a resource for investors and traders seeking the latest updates and insights on Ondas Holdings stock.
Ondas Holdings Inc. (NASDAQ: ONDS) stands as a leader in providing private industrial wireless networks and commercial drone and automated data solutions. The company operates two primary business segments: Ondas Networks and Ondas Autonomous Systems, each contributing significantly to the company's revenue and market presence.
Ondas Networks focuses on designing, developing, manufacturing, and supporting proprietary, software-based wireless broadband technology. Their flagship product, the FullMAX Software Defined Radio (SDR) platform, is used across various sectors, including railroads, utilities, oil and gas, transportation, and government entities. This technology enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of legacy private licensed wireless networks. The recent milestones include a $2.8 million agreement to upgrade on-locomotive radios and successful integration milestones in the 900 MHz frequency band with several railroad customers.
Ondas Autonomous Systems encompasses their commercial drone solutions, primarily through their subsidiaries American Robotics, Inc. and Airobotics Ltd.. Their flagship product, the Optimus System™, is the world's first FAA-certified small UAS developed for aerial security and data capture. It operates as a drone-in-a-box turnkey data solution service, focusing on critical industrial and government applications. The Optimus System has seen extensive use in Dubai, demonstrating faster emergency response times and significant interest from cities worldwide. Additionally, the Iron-Drone Raider™ platform, a counter-UAS system, has received initial purchase orders from defense companies, indicating a growing market for autonomous drone solutions.
Recent news highlights include a strategic partnership between American Robotics and ResilienX, Inc. to enhance the safety and reliability of autonomous systems, particularly for beyond visual line-of-sight (BVLOS) applications. Ondas has also achieved record revenues of $15.7 million in 2023, driven by the commercial adoption of the Optimus System and product revenues at Ondas Networks. The company is poised for significant growth in 2024, with ongoing projects and expanding customer bases in the U.S., Europe, and the Middle East.
For more information, visit www.ondas.com or follow Ondas Holdings on X (formerly Twitter) and LinkedIn.
Ondas Holdings Inc. (NASDAQ: ONDS) announced a significant purchase order for its Scout System drone technology from a leading U.S. oil and gas company. This order enhances monitoring and inspection capabilities in the Permian Basin, a critical area for oil production. The technology will help in detecting fugitive emissions and improving perimeter security. CEO Reese Mozer highlighted opportunities for further growth in the autonomous drone sector, signaling a focus on innovation with advanced features like high-resolution cameras and analytics.
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.
Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, Ondas Networks, received authorization from the Canadian government to sell its 900 MHz Advanced Train Control System platform in Canada. This platform, previously introduced to the U.S. market, will be marketed by Siemens Mobility under the Airlink brand to Canadian freight and transit rail customers. This marks a significant step in the adoption of advanced communication solutions for North American rail operations.
Ondas Holdings Inc (Nasdaq: ONDS) will present at H.C. Wainwright's 24th Annual Global Investment Conference from September 12-14, 2022, in New York. Ondas is scheduled to present on September 13 at 9:00 a.m. ET and will hold one-on-one meetings throughout the day. The company specializes in private wireless data, drone, and automated data solutions through its subsidiaries. Its FullMAX platform supports Mission-Critical IoT applications in various industries, while American Robotics offers a pioneering drone system for automated operations.
Ondas Holdings (NASDAQ: ONDS) has received a significant regulatory boost through a new FAA exemption for its subsidiary, American Robotics, allowing it to conduct unlimited commercial operations with its autonomous Scout System drone. This follows previous approvals and marks a critical step in the adoption of autonomous drone technology across various industries. The exemption, granted on August 19, 2022, positions American Robotics to lead in scalable operations in sectors like oil and gas, rail, and mining, enhancing efficiency and safety while reducing environmental impact.
Ondas Holdings Inc. (NASDAQ: ONDS) announced that the FAA has granted a Part 107 Waiver to its subsidiary, American Robotics, for expanded Automated Beyond-Visual-Line-of-Sight (BVLOS) operations. This is an amendment to the original 2021 waiver, increasing drone operational range to 10 miles. With this approval, American Robotics aims to enhance ROI for customers by enabling high-resolution data collection over extensive industrial sites, including pipelines and railways. The waiver supports the commercial drone sector's growth, paving the way for more extensive application of autonomous technologies.
Ondas Holdings Inc. (Nasdaq:ONDS) will report its Q2 2022 financial results on August 9, 2022, at 8:30 a.m. ET, followed by a conference call and Q&A session. The press release detailing the financial results will precede the call. Ondas, a provider of private wireless data and drone solutions, will also update on its business activities in the Rail sector. The call will be accessible via toll-free and international numbers, with a pre-registration link available for smoother access. For more information, visit www.ondas.com.
Ondas Holdings Inc (Nasdaq: ONDS) will attend the Oppenheimer 25th Annual Technology, Internet & Communications Conference virtually on August 9-10, 2022. Ondas is set to present on August 9, 2022, at 2:55 p.m. Eastern time, with opportunities for one-on-one meetings throughout the day. The company is recognized for its advanced private wireless data and drone solutions, focusing on industrial markets. For more details or to schedule meetings, contact Ondas' investor relations.
Ondas Holdings Inc. (Nasdaq: ONDS) announced the integration of new artificial intelligence anomaly detection capabilities in its American Robotics' Scout System drone. This loss of containment analytics feature will help oil and gas customers detect crude oil leaks early, minimizing environmental and financial risks. The feature, developed in partnership with Dynam.AI, is part of a broader strategy to enhance offerings for the oil and gas sector. A prototype is expected in Q3 2022, aligning with significant market growth projected for drone services in this industry.
Ondas Holdings Inc. (Nasdaq: ONDS) announced new capabilities for its American Robotics Scout System drone to automate visual inspections in the oil and gas sector. This includes high-resolution RGB and thermal camera payloads aimed at increasing efficiency, safety, and profitability for upstream and midstream operations. This advancement supports American Robotics' position in the $22 billion drone-in-a-box market, providing tools for frequent inspections of oil and gas assets. The new features will be available in Q3 2022, enhancing operational automation for over 900,000 well pads and more than 500,000 miles of pipeline in the U.S.
FAQ
What is the current stock price of Ondas Holdings (ONDS)?
What is the market cap of Ondas Holdings (ONDS)?
What does Ondas Holdings Inc. do?
What is the FullMAX Software Defined Radio (SDR) platform?
What is the Optimus System™?
What recent achievements has Ondas Networks accomplished?
What partnerships has Ondas Autonomous Systems recently formed?
Where is Ondas Holdings Inc. expanding its operations?
What are the financial highlights for Ondas Holdings Inc. in 2023?
What is the Iron-Drone Raider™ platform?
What is the strategic focus of Ondas Autonomous Systems?
How can I get more information about Ondas Holdings Inc.?
