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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) announces that its subsidiary, American Robotics, has secured FAA approval for seven additional sites to operate its automated BVLOS drone technology, the Scout System™. This brings the total to ten operational sites across eight U.S. states, enhancing American Robotics' leading position in the commercial drone industry. The approval allows for scalable autonomous operations, enabling clients like Chevron and ConocoPhillips to benefit from improved data collection capabilities without human operators on-site. This milestone marks significant progress in the adoption of autonomous drones.
Ondas Holdings Inc. (Nasdaq: ONDS) has successfully acquired the assets of Ardenna, a leader in image processing and machine learning software for rail infrastructure monitoring. This acquisition positions Ondas and its subsidiary, American Robotics, to enhance their automated drone solutions with Ardenna's advanced analytics software. The integration aims to improve inspection services for rail customers, driving operational efficiency and safety. Ondas anticipates this strategic move will facilitate growth within the rail industry.
Ondas Holdings reported a transformational year in 2021, driven by successful orders in the rail sector and the acquisition of American Robotics. Ondas Networks secured its first commercial 900 MHz rail order and additional orders from Siemens for Class I railroads. American Robotics expanded its drone technology with significant customers including Chevron. The company ended 2021 with over $40 million in cash and aims for $20 million in product bookings in 2022. A definitive agreement to acquire rail inspection analytics firm Ardenna was also announced, enhancing its market position.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced its definitive agreement to acquire Ardenna, a leader in image processing and machine learning for rail infrastructure monitoring. This strategic acquisition will enhance American Robotics' automated drone platform, integrating Ardenna's advanced analytics software to improve operational efficiency and safety in the rail industry. The acquisition is expected to close in Q2 2022 and aims to provide scalable ROI through enhanced data solutions, collaborating with major rail companies across North America.
Ondas Holdings Inc. (Nasdaq:ONDS) will hold a conference call on March 22, 2022, at 8:30 a.m. ET to discuss its financial results for Q4 and full year ended December 31, 2021. CEO Eric Brock and CFO Derek Reisfield will lead the call, followed by a Q&A session. Key details include:
- Date: March 22, 2022
- Time: 8:30 a.m. ET
- Toll-free dial-in: 844-883-3907
- International dial-in: 412-317-5798
Listeners are encouraged to pre-register for immediate access. Replay available post-call.
Ondas Holdings (NASDAQ: ONDS) has appointed Gateway Group to enhance its investor relations efforts. This collaboration aims to refine company messaging, provide strategic advisory services, and foster connections with institutional investors. Following a successful public offering and acquisition of American Robotics, Ondas is focused on growth opportunities. The company will participate in the 34th Annual ROTH Conference from March 13-15, 2022, with one-on-one meetings scheduled for March 15, aimed at expanding its shareholder base and improving market understanding of its potential.
Ondas Holdings Inc. (NASDAQ:ONDS) announced the appointment of Tracy Lamb as the Senior Advisor of Regulatory Affairs & Safety for its subsidiary, American Robotics. With over 25 years of experience in advanced aviation and unmanned aircraft systems, Lamb aims to enhance the company's regulatory policies in the U.S. and internationally. Previously, she held leadership roles in regulatory safety initiatives and has been integral in developing industry certification programs. Lamb will collaborate with the executive team to bolster American Robotics' regulatory and safety measures.
Ondas Holdings Inc. (ONDS) announces that Reese Mozer, CEO of American Robotics, has been appointed to the board of the Commercial Drone Alliance (CDA). This organization advocates for policies supporting innovation in the commercial drone sector. Mozer aims to address regulatory challenges hindering drone industry growth, such as BVLOS approvals and multi-drone operations. CDA's mission includes promoting the economic benefits of UAS technology, enhancing safety in the national airspace, and ensuring the U.S. maintains its leadership in aviation.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced a new purchase order from Chevron for its autonomous drone technology, specifically the Scout Systems. This marks a significant milestone as it is American Robotics' second Fortune 100 customer in the oil and gas industry. The Scout System will enhance asset management efficiency through automated monitoring, reducing costs and improving safety. The oil and gas sector is projected to invest
Ondas Holdings Inc. (NASDAQ: ONDS) has launched a new rail communications research project at Penn State Altoona's Rail Transportation Engineering program. This initiative aims to utilize Ondas Networks' 802.16 standards-based platform to enhance railroad communication capabilities through advanced frequency, capacity, and modulation schemes. The project will benefit students and the rail industry, fostering next-generation communication systems. Ondas Networks addresses critical connectivity issues for multiple industries, including railroads, utility, and transportation, with its proprietary wireless technology.
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