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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) reported Q3 2021 financial results, highlighting significant milestones in its subsidiaries, Ondas Networks and American Robotics. Ondas Networks received its first commercial 900 MHz Rail Order from Siemens Mobility, while American Robotics secured its first order from a Fortune 100 Oil & Gas company. Financially, revenue decreased by 54% year-over-year to $0.3 million, with a gross profit drop of 95%. Operating expenses rose by 36%, leading to a net loss of approximately $4.9 million. The company held $47.5 million in cash as of September 30, 2021.
Ondas Holdings Inc. (NASDAQ:ONDS) is set to release its third quarter 2021 financial results on November 15, 2021, before the market opens. A conference call will follow at 8:30 AM ET where the company will discuss its financial results and business outlook. The event will be accessible via a live webcast and participants can register in advance to facilitate immediate access. Ondas provides private wireless and drone solutions through its subsidiaries, focusing on sectors like railroads and utilities, with a patented technology addressing bandwidth limitations in critical applications.
Ondas Holdings Inc. (NASDAQ:ONDS) announced the appointment of Christopher Norman as Vice President of Engineering at American Robotics. With over 25 years in engineering and robotics, Norman previously held leadership roles at Accion Systems and CyPhy Works. His expertise will be vital in developing the Scout System, an automated drone solution. CEO Reese Mozer expressed enthusiasm for Norman's contributions to streamline operations and support the company's growth in industrial drone solutions.
Ondas Holdings Inc. (NASDAQ: ONDS) plans to relocate its headquarters to a new 18,000-square-foot facility in Waltham, MA, sharing the space with its subsidiary, American Robotics. The new site will support American Robotics' operations and R&D, enhancing its Scout System development. The move aims to leverage the region's robotic talent pool, with American Robotics expected to grow its workforce significantly, having already increased by 200% since January 2021. The transition is set for early 2022.
Ondas Holdings Inc. (NASDAQ:ONDS) has appointed Michael Toscano as a Senior Advisor at American Robotics, focusing on strategy and business development. Toscano, with experience as former AUVSI President and insights in the unmanned systems market, aims to leverage AR's Scout platform for expansion in government and defense sectors. The leadership team emphasizes that Toscano's expertise and connections are vital at this critical growth phase, especially following important FAA approvals.
Ondas Holdings Inc. (NASDAQ:ONDS) announced a strategic partnership with Dynam.AI on October 11, 2021. This collaboration aims to enhance the AI/ML capabilities of American Robotics by developing data analytics and platform tools. Ondas made a minority investment in Dynam, integrating advanced AI solutions to scale customer offerings. The partnership leverages Dynam's Vizlab™ platform to accelerate complex AI/ML project execution. This initiative is expected to strengthen Ondas' Robot-as-a-Service (RaaS) model, meeting increasing demand for advanced data solutions.
Ondas Holdings (NASDAQ: ONDS) announced that Guy Simpson, COO of Ondas Networks, will present innovative solutions for the rail industry at the Railway Systems Suppliers (RSSI) conference in Indianapolis on September 23, 2021. Ondas Holdings specializes in private wireless data and drone solutions, targeting various sectors including rail, utilities, and oil and gas. The company's FullMAX technology enhances Mission-Critical IoT applications by addressing bandwidth limitations in current wireless networks.
Ondas Holdings Inc. (NASDAQ:ONDS) announced a partnership with Siemens Mobility to showcase their new Airlink Wireless Radio System for the North American rail market.
The live DemoCast will occur on September 17, 2021, at 1:00 PM ET, highlighting capabilities in the newly allocated 900 MHz railroad band. The Airlink products aim to transition the rail industry from legacy networks to advanced, IP-enabled communication systems. Siemens and Ondas are focusing on increasing automation and digitalization in railroads, contributing to global market innovation.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced upcoming investor events, including a tour of American Robotics facilities in Marlborough, Massachusetts, on September 27th from 2:00 - 4:00 pm ET. The tour will feature a demonstration of the Scout System™, the first FAA-approved drone for automated BVLOS operations. Additionally, a virtual presentation focused on AR's growth strategy will take place on September 28th from 10:00 am to Noon ET. Interested parties can register for both events via Ondas Investor Relations.
Ondas Holdings Inc. (NASDAQ: ONDS) announced its Q2 2021 financial results, reporting a 25% decrease in revenue to approximately $0.9 million compared to Q2 2020. Despite this, revenues grew by 51% year-to-date. The company's acquisition of American Robotics closed on August 5, 2021, enhancing its position in the drone solutions market. Ondas raised $51.5 million in an equity offering, strengthening its balance sheet. The net loss narrowed to approximately $2.8 million. Future growth is anticipated through partnerships with Siemens and AURA and ongoing drone deployments.
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