Ondas Hldgs Inc Stock Price, News & Analysis

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 $15.6 billion in digital transformations by 2030, indicating strong growth potential in autonomous technology.

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.

Ondas Holdings (NASDAQ: ONDS) announced an order for a radio system to establish the North American Rail Lab at its headquarters in Sunnyvale, CA. This lab will facilitate interoperability testing of 802.16 compliant wireless systems and optimize rail network configurations. CEO Eric Brock emphasized the lab's importance for clients integrating Ondas' wireless platform across operational areas. Ondas specializes in private wireless and automated data solutions through its subsidiaries, Ondas Networks and American Robotics, targeting critical infrastructure sectors.

Ondas Holdings Inc. has appointed Derek Reisfield as President, CFO, Treasurer, and Secretary, succeeding Stewart Kantor, who remains President of Ondas Networks. Reisfield, a board member since 2018, brings extensive financial and strategic experience. His leadership aims to support the company's growth in private wireless and automated data solutions through subsidiaries Ondas Networks and American Robotics. This management change is expected to enhance strategic operations and focus on emerging market opportunities.

Ondas Holdings Inc. (NASDAQ: ONDS) announced that its Mercury Radio has received authorization from the FCC for use in the licensed 450 MHz Air-Ground frequency band. This development follows a January 2021 FCC waiver allowing lower transmit power, making the frequency feasible for unmanned aerial systems and drones. The smaller size of the radio facilitates longer flight times and increased frequency reuse. CEO Eric Brock emphasized the innovation behind this technology, which enhances connectivity options in the drone ecosystem.

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.