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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) will be included in the Russell 3000 Index as of June 27, 2022, following the annual reconstitution. This index captures the largest U.S. stocks ranked by market capitalization. Membership also leads to inclusion in the large-cap Russell 1000 and small-cap Russell 2000 indexes. CEO Eric Brock noted that this milestone reflects Ondas' progress and commitment to leveraging increased market awareness. The Russell indexes are essential benchmarks with approximately $12 trillion in assets tied to their performance.
Ondas Holdings Inc (NASDAQ:ONDS) will participate in two upcoming investor conferences: the B. Riley 22nd Annual Institutional Investor Conference on May 25-26, 2022, in Beverly Hills, California, where a presentation is scheduled for 10:10 a.m. PT on May 25, and the Stifel 2022 Cross Sector Insight Conference on June 7-8, 2022, in Boston, Massachusetts, which will feature 1x1 meetings only. For more information or to schedule meetings, contact Ondas’ investor relations team.
Ondas Holdings Inc. (NASDAQ:ONDS) announced its joint participation with Siemens Mobility at the 61st Annual Railway System Supplier Show in Kansas City. They will showcase the Airlink product line and the jointly developed ATCS radio platform, demonstrating the integration of legacy and advanced MC-IoT connectivity in the new 900 MHz band. CEO Eric Brock highlighted engagement with railroad decision-makers and technology providers to expand the MC-IoT ecosystem. Additionally, Siemens and Ondas plan to launch the new Head-of-Train (HOT) radio technology in the second half of the year.
Ondas Holdings (NASDAQ: ONDS) affirms its 2022 financial outlook, reporting Q1 revenues of $0.4 million, down from $1.2 million in Q1 2021. Despite a net loss of $9.9 million, the company is shifting focus towards the deployment of its FullMAX platform in the rail sector. Highlights include a second 900 MHz order from Siemens and acquisition of rail analytics platform Ardenna. Operating expenses rose to $10.1 million due to increased costs related to American Robotics. The company expects enhanced revenue growth in 2022 with a goal of $20 million in product bookings.
Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, American Robotics, received a purchase order from ScottsMiracle-Gro for its autonomous Scout Systems. This order aims to enhance data collection and analytics capabilities for ScottsMiracle-Gro, enabling efficient analysis of grass seed varietals' health and performance. The implementation at their Marysville, Ohio headquarters will commence in Q2 2022, facilitating multiple drone missions daily without human oversight, thus optimizing operational efficiency.
Ondas Holdings Inc. (NASDAQ:ONDS) will discuss its Q1 2022 financial results on May 11, 2022, at 8:30 a.m. ET, following a press release with the results. The conference call will be hosted by CEO Eric Brock and CFO Derek Reisfield, with a live webcast available. Ondas is a leading provider of private wireless data solutions through its subsidiaries, focused on markets such as railroads and utilities. Its American Robotics division is known for its AI-powered drone technology.
Ondas Holdings Inc. (Nasdaq:ONDS) announced the appointment of Gretchen West as Senior Advisor of Business Development for its subsidiary, American Robotics. With over 18 years of experience in the drone industry, including her role as President and CEO at Schiebel Aircraft, West aims to enhance business development and foster strategic partnerships in various sectors like oil, gas, and mining. CEO Reese Mozer emphasized the importance of her expertise in driving growth and strengthening customer relationships.
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.
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