Ondas Hldgs Inc - ONDS STOCK NEWS

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.

Ondas Holdings Inc. (NASDAQ: ONDS) will hold a conference call on March 14, 2023, at 8:30 a.m. ET to discuss its fourth quarter and full year financial results for 2022. The call will be accessible via toll-free and international dial-in numbers, with pre-registration encouraged for ease of access. Ondas provides industrial wireless networks and automated drone solutions through its subsidiaries, focusing on enhancing connectivity in critical infrastructure sectors. The conference aims to address financial outcomes and future strategies, providing a platform for investor engagement.