Ondas Holdings Inc. - ONDS STOCK NEWS

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.

Ondas Holdings Inc. (NASDAQ: ONDS) announced its intent to acquire Airobotics Ltd. (TASE: AIRO), a leader in autonomous unmanned aircraft systems, aiming to enhance its drone technology and global reach. The acquisition is expected to combine resources from both companies, focusing on expanding applications in industrial, security, and smart city markets. Each share of Airobotics is to be exchanged for 0.16806 shares of Ondas. The merger is subject to necessary approvals and is anticipated to be completed in the second half of 2022.

Ondas Holdings Inc. (NASDAQ:ONDS) successfully installed its FullMAX wireless communications system in a coastal surveillance system in the Caribbean. This installation is part of a major defense contractor's Integrated Coastal Surveillance Systems (ICSS), aimed at enhancing maritime situational awareness and surveillance capabilities. The FullMAX technology is noted for its long-range communication and adaptability in maritime environments. CEO Eric Brock anticipates further international orders, signaling a potential growth opportunity in the maritime defense sector.

Ondas Holdings (NASDAQ:ONDS) has announced a letter of intent with a partner to create a new on-board locomotive radio platform for the European rail market. This platform will enhance on-board communications and integrate with existing wayside base station networks. The technology leverages Ondas' software-defined radio capabilities, with anticipated project completion and delivery starting in 2023. This initiative marks Ondas' entry into the European market, complementing its existing programs in North America and Asia.