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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) announced a collaboration between its subsidiary Airobotics and Rafael Advanced Defense Systems to enhance autonomous drone operations for municipal and government clients in the UAE. This partnership aims to utilize Airobotics' Optimus Drone Infrastructure alongside Rafael's METRO DOME and DRONE DOME technologies to enable safe unmanned aerial operations in populated areas. The collaboration focuses on providing integrated solutions that facilitate automated drone services, promoting efficient management of airspace for enhanced public safety.
Ondas Holdings Inc. (NASDAQ:ONDS) reported fourth quarter and full-year financial results for 2022, reaffirming its outlook for 2023. Revenues for Q4 2022 were approximately $0.5 million, a decline from $0.6 million in Q4 2021, while full-year revenues decreased by 28% to $2.1 million. The company experienced an operating loss of approximately $34.5 million in Q4 and $69.4 million for the year, impacted by a $19.4 million goodwill impairment charge. Despite these losses, Ondas anticipates significant revenue growth in 2023, projecting between $26 million and $30 million, supported by commercial adoption of its FullMAX and Optimus systems.
Ondas Holdings Inc. (NASDAQ: ONDS) announced that the IEEE 802.16 industrial wireless open standard, 802.16t, has advanced toward formal ratification. This standard includes significant contributions from Ondas Networks and addresses the specific needs of the Railroad Industry. The new standard is software upgradable for existing equipment. The initiative aligns with the FCC's 2020 grant of new frequencies to enhance railroad safety and efficiency.
Partnerships with Siemens Mobility and industry stakeholders were crucial for this progress, aiming to create a nationwide rail-owned data network.
Ondas Holdings Inc. (NASDAQ: ONDS) has signed a Memorandum of Understanding (MOU) with Dubai Police during the World Police Summit. This partnership aims to enhance aerial solutions against potential threats through Airobotics' Optimus Solution and Iron Drone systems. Dubai Police intends to purchase these counter-drone solutions and collaborate on integrating advanced AI technologies to optimize the systems for public safety. The collaboration builds on a two-year relationship that has already led to the creation of a drone infrastructure for urban environments, showcasing the ongoing commitment to safety and innovation.
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