Ondas Holdings Establishes Ondas Autonomous Holdings to Own its Drone Businesses and Support Growth Plan
Ondas Holdings Inc. establishes Ondas Autonomous Holdings Inc., wholly owning American Robotics and Airobotics. OAH aims to leverage Ondas' drone technology leadership to drive growth and consolidation in the global market. OAS generated $9.0 million revenue in 2023, with a focus on Optimus and Iron Drone Raider platforms for industrial, government, and defense sectors.
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Establishment of Ondas Autonomous Holdings Inc. as a wholly owned subsidiary of Ondas Holdings Inc.
OAH now wholly owns American Robotics Inc. and Airobotics Ltd., operating under Ondas Autonomous Systems business unit.
OAS demonstrated strong revenue momentum, generating $9.0 million in revenue for 2023.
Ondas is a leader in aerial security and data solutions with Optimus System and Iron Drone Raider platforms.
OAS focuses on expanding automated drone operations globally, particularly in industrial, government, and defense markets.
Ondas aims to be a consolidator of leading technology developers and drone service providers to offer scalable solutions in global markets.
The strategic reorganization of Ondas Holdings Inc. into Ondas Autonomous Holdings Inc. (OAH) reflects a significant move to streamline operations and finance growth initiatives within the drone technology sector. The establishment of OAH as a holding company for American Robotics and Airobotics, under the Ondas Autonomous Systems (OAS) business unit, indicates a clear intent to capitalize on the burgeoning commercial and governmental drone markets. The reported preliminary revenue of $9.0 million for the year ended December 31, 2023, suggests a solid foundation for future growth.
Considering the expansion of beyond visual line of sight (BVLOS) operations and the recent FAA Airworthiness Type Certification for the Optimus drone, Ondas is well-positioned to exploit the 'Urban Drone Infrastructure' niche. The certification is a critical enabler for broader deployment in urban environments, which could lead to increased adoption rates among municipalities for smart city and public safety applications. The Iron Drone Raider's role in counter-UAS operations further diversifies Ondas' product offerings, tapping into security and defense markets with high barriers to entry due to stringent regulatory requirements.
The mention of Ondas' ambition to act as a consolidator in the industry suggests potential future mergers and acquisitions, which could further enhance shareholder value through synergies and expanded market reach. However, investors should be aware of the risks associated with integrating different technology platforms and service providers.
Ondas' establishment of OAH and the subsequent restructuring may provide financial leverage and efficiencies that could result in increased investor confidence. The reported $9.0 million in revenue, while preliminary, offers a tangible measure of the company's current financial health and operational performance. The ability to offer a broad set of scalable solutions in global markets could lead to diversified revenue streams and potentially reduce the company's exposure to market-specific risks.
The strategic focus on organic growth and consolidation within the drone sector could indicate a bullish outlook for Ondas' stock in the long term, especially as the drone industry is expected to experience significant growth. However, investors should consider the costs associated with research and development, regulatory compliance and potential acquisitions when evaluating the company's financial prospects.
The drone sector's investment cycle, as mentioned by CEO Eric Brock, is particularly relevant for investors. If Ondas can maintain its leadership position and continue to innovate, there is a possibility for substantial market share capture, which could positively impact the stock's performance. Nevertheless, close attention should be paid to the execution of the company's business plan and its ability to meet projected growth targets.
The regulatory landscape for drone technology is complex and evolving, with significant implications for companies like Ondas. The FAA's Airworthiness Type Certification for the Optimus drone system is a substantial legal milestone, potentially setting a precedent for future certifications of autonomous drones. This certification process involves rigorous safety and performance assessments, indicating that Ondas' products meet high standards for operation in urban environments.
From a legal perspective, the ability to operate over people and critical infrastructure legally opens new market opportunities and could be a competitive advantage for Ondas. However, it also requires continuous monitoring of regulatory changes and compliance efforts to maintain this advantage. The legal complexities of international expansion and the potential acquisition of other technology developers and service providers will require careful due diligence and strategic legal planning to navigate different regulatory regimes.
Ondas' focus on counter-UAS technology with the Iron Drone Raider also underscores the importance of legal expertise in areas related to national security and defense. The protection of critical infrastructure against hostile drones is not only a technological challenge but also a legal one, as it involves considerations of privacy, airspace regulations and potential liability issues.
02/26/2024 - 07:30 AM
American Robotics and Airobotics are now wholly owned subsidiaries of Ondas Autonomous Holdings Inc. ("OAH")
New corporate structure provides organizational flexibility to execute business plan leveraging OAH's industry leadership position in drone technology, markets, human capital, and regulatory expertise
Huge opportunity for organic growth and to be a consolidator of leading technology developers and drone service providers offering the broadest set of undeniably scalable solutions for global markets
MARLBOROUGH, MA / ACCESSWIRE / February 26, 2024 / 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 it has established Ondas Autonomous Holdings Inc. ("OAH"), as a new, wholly owned subsidiary. The newly created OAH is an intermediate holding company which now wholly-owns Ondas' subsidiaries American Robotics Inc. ("American Robotics") and Airobotics Ltd. ("Airobotics"), which are together operated as the Ondas Autonomous Systems ("OAS") business unit. The creation of OAH is intended to provide additional organizational flexibility to support the management and financing of the OAS business unit and its growth plan. OAS has demonstrated strong early revenue momentum which is expected to accelerate. On a preliminary, unaudited basis OAS generated $9.0 million in revenue for the year ended December 31, 2023.
"Ondas has established a leadership position in delivering aerial security and data solutions to large, fast growing commercial and government end markets," said Eric Brock, Chairman and CEO of Ondas Holdings. "This leadership is driven by the market-leading performance and reliability of our Optimus System, a fully autonomous drone platform, and our Iron Drone Raider counter-UAS platform which is addressing an urgent need for defense against hostile drones. From here, we see a unique opportunity to provide a broader set of scalable global solutions through the integration of proven technical platforms with the infrastructure, field services and regulatory expertise required to define the next phase of growth in the global Drone Economy."
"As drone technologies mature and drone regulations advance, we believe the drone sector is entering a very strong investment cycle. The first order of business for our OAS management team is to continue driving fleet adoption of our Optimus and Iron Drone Systems in the critical industrial, government and security and defense markets we target. With customer growth and a broader set of solutions we see a huge opportunity in the coming years to be a consolidator of leading technology developers and drone service providers to offer the broadest set of undeniably scalable solutions for global markets," Brock concluded.
Ondas has established a leadership position in developing and commercializing automated drone systems through its OAS business unit comprising of American Robotics and Airobotics. Ondas is at the forefront of a pivotal moment in the aviation and data industries, with its leadership in expanding automated beyond visual line of sight (BVLOS) operations globally via the Optimus and Iron Drone Raider drone platforms. The Optimus System is being commercially deployed as Urban Drone Infrastructure in cities where automated fleets of Optimus drones are installed and remotely operated for smart city and public safety applications. The Optimus drone was recently awarded Airworthiness Type Certification by the FAA allowing for expanded operations in urban settings including the operation over people, roads and highways and critical infrastructure. The Iron Drone Raider is an autonomous counter-UAS (C-UAS) system designed to protect critical infrastructure, borders and people from the threats posed by hostile drones.
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™ -the world's first FAA certified small UAS (sUAS) developed for aerial security and data capture and the Iron Drone Raider™ (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 Data-as-a-Service (DaaS) business model. American Robotics and Airobotics have industry leading regulatory successes which include a first of its kind FAA Type Certification for the Optimus System and 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 Holdings, visit www.ondas.com or follow Ondas Holdings on X formerly known as Twitter and LinkedIn . For additional information on Ondas Networks, visit www.ondasnetworks.com or follow Ondas Networks on X and LinkedIn . For additional information on American Robotics, visit www.american-robotics.com or follow American Robotics on X and LinkedIn . For additional information on Airobotics, visit www.airoboticsdrones.com or follow Airobotics on X 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.
Contacts
IR Contact for Ondas Holdings Inc. ir@ondas.com
Media Contact for Ondas preston.grimes@ondas.com
SOURCE: Ondas Holdings Inc.
press release on accesswire.com
What is the newly created subsidiary of Ondas Holdings Inc.?
The newly established subsidiary is Ondas Autonomous Holdings Inc. (OAH).
Which companies are now wholly owned by Ondas Autonomous Holdings Inc.?
American Robotics Inc. and Airobotics Ltd. are now wholly owned by Ondas Autonomous Holdings Inc.
How much revenue did OAS generate for the year ended December 31, 2023?
On a preliminary, unaudited basis, OAS generated $9.0 million in revenue for the year ended December 31, 2023.
What are the key drone platforms focused on by Ondas through OAS?
Ondas focuses on the Optimus System and Iron Drone Raider platforms for industrial, government, and defense sectors.
What is the primary goal of OAS management team?
The primary goal is to drive fleet adoption of Optimus and Iron Drone Systems in critical industrial, government, security, and defense markets.
