Acquisition presents new revenue opportunity,
expanding the Company’s offerings in homeland security, public
safety, and industrial sectors
Airobotics is reporting strong interest from
initial customers and partners
The Innovative counter-drone system is based on
a fully-automated, AI-powered drone capable of homing on hostile
drones and apprehending them
Ondas Holdings Inc. (Nasdaq: ONDS) ("Ondas" or the "Company"), a
leading provider of private industrial wireless networks and
commercial drone and automated data solutions, announced today that
its wholly-owned subsidiary Airobotics, Ltd. (“Airobotics”)
completed the acquisition of the assets of Iron Drone Ltd., an
Israeli-based company specializing in the development of autonomous
counter-drone systems, effective March 6, 2023. Iron Drone’s new
system will be presented March 7 - 9 at the World Police Summit in
Dubai. Ondas will integrate Iron Drone's counter-drone technology
within its business unit, Ondas Autonomous Systems. Together with
the Optimus System™, Ondas is offering a government-grade drone
solution for security and critical infrastructure protection and
monitoring, specifically when deployed for homeland security
applications for protection of critical assets in complex
commercial environments.
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the full release here:
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The completed transaction represents a new revenue opportunity
for Ondas as it signifies the Company's entrance into the promising
and rapidly growing public safety, homeland security, and defense
markets. Combined, the companies will provide customers in smart
city, defense, and industrial markets with an advanced and unique
integrated security platform capable of intercepting hostile drones
in various theaters such as airports, populated areas, critical
infrastructure, and more. The Iron Drone technology will be
available to customers as a standalone technology offering and as
an addition to the Optimus System™ Urban Drone Infrastructure.
“Iron Drone’s counter-drone technology is a perfect fit for
Ondas’ portfolio as it is a mission-critical system that can be
installed to protect sensitive assets,” said Eric Brock, Chairman
and CEO of Ondas. “The combination of Airobotics with Iron Drone
represents a new revenue opportunity for Ondas in a market that is
seeing a lot of growth. Iron Drone’s expertise and technology will
be complementary to the Optimus System drone, providing our growing
list of customers in the public safety and industrial sectors with
the solution they are looking for.”
"We’re moving fast to bring the Iron Drone solution to the
homeland security worldwide market," said Meir Kliner, Ondas
Autonomous Systems President. “We have already been approached by
various potential customers who are looking for a reliable,
non-weaponized counter-drone solution. The unique integrated
AI-based Iron Drone solution relies on physical elimination of the
target drone. This makes it effective against pre-programmed
hostile drones and UAVs which do not rely on operators radio-link.
Moreover, due to its low collateral signature, it can be operated
in areas where the use of jamming is prohibited, such as airports,
populated areas, and critical infrastructures. With Iron Drone, our
customers will be able to neutralize threats while utilizing
Optimus drones for monitoring, observation, and video
surveillance."
In recent years, there has been a noticeable increase in the use
of drones and other small, unmanned vehicles by terrorist and
criminal elements for the purpose of attacking and disrupting the
functioning of strategic facilities, such as airports and oil and
gas facilities, as well as mass events and city centers. The
availability and ease of operations of these aircraft make them
attractive to malicious actors. These aircraft may also be used for
intelligence gathering, smuggling, or even become weaponized. The
system is designed to defend assets against hostile drones and
UAVs, collateral damage. The Iron Drone system is a fully-automated
intercepting system that can eliminate small drones without using
GPS or RF jamming. Launched from a designated pod, the interceptor
flies autonomously towards the targets based on initial radar
guidance, then "locks on" to the target using advanced AI vision.
The intercepting drone follows the target, then incapacitates and
captures it, using a net and a parachute to safely lower it to the
ground. The whole process is fully-automated without the need for a
human pilot.
Learn more about Airobotics and Iron Drone System here.
About Ondas Holdings Inc.
Ondas Holdings Inc. ("Ondas") is a leading provider of private
wireless data solutions via Ondas Networks Inc. ("Ondas Networks")
and commercial drone solutions through American Robotics, Inc.
("American Robotics" or "AR") and Airobotics LTD (“Airobotics”),
which we operate as a separate business unit called Ondas
Autonomous Systems.
Ondas Networks is a developer of proprietary, software-based
wireless broadband technology for large established and emerging
commercial and government 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.
Our Ondas Autonomous Systems business unit designs, develops,
and markets commercial drone solutions via the Optimus System™ and
Scout System™ (the “Autonomous Drone Platforms”). The Autonomous
Drone Platforms are highly automated, AI-powered drone systems
capable of continuous, remote operation and are marketed as
"drone-in-a-box" turnkey data solution services. They are deployed
for critical industrial and government applications where data and
information collection and processing are required. The Autonomous
Drone Platforms are typically provided to customers under a
Robot-as-a-Service (RAAS) business model. American Robotics and
Airobotics have industry leading regulatory successes which include
having 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, American Robotics and Airobotics together
provide users in oil & gas, rail, mining, agriculture, public
safety and other critical infrastructure and government markets
with improved connectivity and data collection and information
processing 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. For additional information on Airobotics, visit
www.airoboticsdrones.com or follow Airobotics 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230307005435/en/
Media Contact for Ondas Holdings Inc. Reese Mozer,
President Ondas Holdings Inc. 888.350.9994 x1019 ir@ondas.com
Media Contact for American Robotics and Airobotics
Meredith Chiricosta BIGfish Communications for American Robotics
and Airobotics americanrobotics@bigfishpr.com 617-713-3800
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