Siemens Places First Order on Behalf of Asian Rail Customer for Ondas Networks' Next Generation Radio

Rhea-AI Summary

Ondas Holdings (NASDAQ: ONDS) has announced a significant milestone in its partnership with Siemens, marking the first purchase order for its Next Generation Radio. This order is part of a long-term delivery program for Head of Train (HOT) operations for a major rail customer in Asia. The collaboration focuses on developing a multi-purpose radio that will enhance communications in the global rail market. This development reflects Ondas's progress in delivering advanced wireless solutions and the flexibility of its FullMAX platform.

Positive

• First purchase order for Next Generation Radio from Siemens for a major Asian rail customer.
• First step in a multi-year deployment program indicating long-term business prospects.
• Collaboration with Siemens highlights the progress in developing advanced wireless solutions for the rail industry.

Negative

• None.

The purchase order is part of a multi-year delivery program for Head of Train (HOT) Operations

WALTHAM, MA / ACCESSWIRE / November 14, 2022 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private wireless, drone and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc. ("Ondas Networks") and American Robotics, Inc. ("American Robotics" or "AR"), announced today that Siemens has placed its first order for Ondas Networks' Next Generation Radio to be delivered to a Siemens rail customer in Asia. The Next Generation Radio is the result of a previously announced joint development program between Siemens Mobility and Ondas Networks for a multi-purpose, multi-application radio capable of being marketed and deployed to railroad customers worldwide. In this instance, the radio will be used to support Head-of-Train (HOT) operations for a major rail customer in Asia.

"This order signifies the substantial progress we have made in our second major development program with Siemens Mobility to deliver next generation radio communications to the worldwide rail market," stated Eric Brock, Chairman and CEO of Ondas. "The flexibility of our FullMAX wireless platform allows Siemens and Ondas to pursue legacy and advanced rail applications globally. This is the first order in a multi-year deployment for a major Asian rail customer for HOT applications."

About Ondas Holdings Inc.

Ondas Holdings Inc. ("Ondas") is a leading provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. ("Ondas Networks") and American Robotics, Inc. ("American Robotics" or "AR"). Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. American Robotics designs, develops, and markets industrial drone solutions for rugged, real-world environments. AR's Scout System™ is a highly automated, AI-powered drone system capable of continuous, remote operation and is marketed as a "drone-in-a-box" turnkey data solution service under a Robot- as-a-Service (RAAS) business model. The Scout System™ is the first drone system approved by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) without a human operator on-site. Ondas Networks and American Robotics together provide users in rail, agriculture, utilities and critical infrastructure markets with improved connectivity and data collection capabilities.

For additional information on Ondas Networks and Ondas Holdings, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. For additional information on American Robotics, visit www.american-robotics.com or follow American Robotics on Twitter and LinkedIn.

Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.

Company Contact:
Derek Reisfield, President and CFO
Ondas Holdings Inc.
888-350-9994 x1019
ir@ondas.com

Investor Relations Contact:
Cody Cree and Matt Glover
Gateway Group, Inc.
949-574-3860
ONDS@gatewayir.com

SOURCE: Ondas Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/725438/Siemens-Places-First-Order-on-Behalf-of-Asian-Rail-Customer-for-Ondas-Networks-Next-Generation-Radio

FAQ

What is the significance of the purchase order from Siemens to Ondas Holdings?

The purchase order represents Ondas Holdings' first order for its Next Generation Radio, which is part of a multi-year delivery program for Head of Train operations, indicating substantial progress in their partnership with Siemens.

When was the purchase order from Siemens announced?

The purchase order was announced on November 14, 2022.

How will the Next Generation Radio be used in the rail sector?

The Next Generation Radio will support Head of Train operations for a major rail customer in Asia, enhancing operational efficiency in the rail industry.

What is the FullMAX platform mentioned in the press release?

The FullMAX platform is Ondas's proprietary, software-defined radio technology that enables Mission-Critical IoT applications, overcoming bandwidth limitations of legacy wireless networks.

What are the future implications of this purchase order for Ondas Holdings?

This purchase order may lead to increased revenue and strengthen Ondas's market position in the rail and transportation sectors as part of a long-term partnership with Siemens.