Ondas Hldgs Inc Stock Price, News & Analysis

Ondas Holdings Inc. (Nasdaq: ONDS) announced new capabilities for its American Robotics Scout System drone to automate visual inspections in the oil and gas sector. This includes high-resolution RGB and thermal camera payloads aimed at increasing efficiency, safety, and profitability for upstream and midstream operations. This advancement supports American Robotics' position in the $22 billion drone-in-a-box market, providing tools for frequent inspections of oil and gas assets. The new features will be available in Q3 2022, enhancing operational automation for over 900,000 well pads and more than 500,000 miles of pipeline in the U.S.

Ondas Holdings Inc. (NASDAQ: ONDS) announced its intent to acquire Airobotics Ltd. (TASE: AIRO), a leader in autonomous unmanned aircraft systems, aiming to enhance its drone technology and global reach. The acquisition is expected to combine resources from both companies, focusing on expanding applications in industrial, security, and smart city markets. Each share of Airobotics is to be exchanged for 0.16806 shares of Ondas. The merger is subject to necessary approvals and is anticipated to be completed in the second half of 2022.

Ondas Holdings Inc. (NASDAQ:ONDS) successfully installed its FullMAX wireless communications system in a coastal surveillance system in the Caribbean. This installation is part of a major defense contractor's Integrated Coastal Surveillance Systems (ICSS), aimed at enhancing maritime situational awareness and surveillance capabilities. The FullMAX technology is noted for its long-range communication and adaptability in maritime environments. CEO Eric Brock anticipates further international orders, signaling a potential growth opportunity in the maritime defense sector.

Ondas Holdings (NASDAQ:ONDS) has announced a letter of intent with a partner to create a new on-board locomotive radio platform for the European rail market. This platform will enhance on-board communications and integrate with existing wayside base station networks. The technology leverages Ondas' software-defined radio capabilities, with anticipated project completion and delivery starting in 2023. This initiative marks Ondas' entry into the European market, complementing its existing programs in North America and Asia.

Ondas Holdings Inc. (NASDAQ:ONDS) will be included in the Russell 3000 Index as of June 27, 2022, following the annual reconstitution. This index captures the largest U.S. stocks ranked by market capitalization. Membership also leads to inclusion in the large-cap Russell 1000 and small-cap Russell 2000 indexes. CEO Eric Brock noted that this milestone reflects Ondas' progress and commitment to leveraging increased market awareness. The Russell indexes are essential benchmarks with approximately $12 trillion in assets tied to their performance.

Ondas Holdings Inc (NASDAQ:ONDS) will participate in two upcoming investor conferences: the B. Riley 22nd Annual Institutional Investor Conference on May 25-26, 2022, in Beverly Hills, California, where a presentation is scheduled for 10:10 a.m. PT on May 25, and the Stifel 2022 Cross Sector Insight Conference on June 7-8, 2022, in Boston, Massachusetts, which will feature 1x1 meetings only. For more information or to schedule meetings, contact Ondas’ investor relations team.

Ondas Holdings Inc. (NASDAQ:ONDS) announced its joint participation with Siemens Mobility at the 61st Annual Railway System Supplier Show in Kansas City. They will showcase the Airlink product line and the jointly developed ATCS radio platform, demonstrating the integration of legacy and advanced MC-IoT connectivity in the new 900 MHz band. CEO Eric Brock highlighted engagement with railroad decision-makers and technology providers to expand the MC-IoT ecosystem. Additionally, Siemens and Ondas plan to launch the new Head-of-Train (HOT) radio technology in the second half of the year.

Ondas Holdings (NASDAQ: ONDS) affirms its 2022 financial outlook, reporting Q1 revenues of $0.4 million, down from $1.2 million in Q1 2021. Despite a net loss of $9.9 million, the company is shifting focus towards the deployment of its FullMAX platform in the rail sector. Highlights include a second 900 MHz order from Siemens and acquisition of rail analytics platform Ardenna. Operating expenses rose to $10.1 million due to increased costs related to American Robotics. The company expects enhanced revenue growth in 2022 with a goal of $20 million in product bookings.

Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, American Robotics, received a purchase order from ScottsMiracle-Gro for its autonomous Scout Systems. This order aims to enhance data collection and analytics capabilities for ScottsMiracle-Gro, enabling efficient analysis of grass seed varietals' health and performance. The implementation at their Marysville, Ohio headquarters will commence in Q2 2022, facilitating multiple drone missions daily without human oversight, thus optimizing operational efficiency.