Ondas Inc. develops autonomous systems, robotics and mission-critical connectivity solutions for defense, security and industrial markets. Its operating focus spans Ondas Autonomous Systems, Ondas Networks and Ondas Capital, with products and services tied to aerial and ground-based intelligence, sensing, mobility and communications in complex operating environments.
Recurring Ondas news covers defense and public-safety orders, counter-drone deployments, robotic demining programs, heavy engineering equipment, European joint-venture activity, acquisition integration and quarterly financial reporting. Company updates also reference the FullMAX software-defined broadband platform for industrial IoT networks, Sentrycs cyber-over-RF counter-drone technology, 4M Defense demining systems, INDO Earth Moving equipment programs and the completed Mistral merger, which added U.S.-based manufacturing, integration and federal contracting infrastructure.
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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.
Ondas Holdings Inc. has acquired the assets of Iron Drone Ltd., enhancing its offerings in homeland security and public safety. Effective March 6, 2023, this acquisition positions Ondas in the expanding markets of counter-drone technology. The Iron Drone system will be showcased at the World Police Summit in Dubai from March 7-9.
The integration of Iron Drone's technology into Ondas' Optimus System™ aims to create a comprehensive solution for critical infrastructure protection. Initial interest from potential customers highlights the demand for non-weaponized drone defense solutions, addressing recent concerns about drone-related threats.
Ondas Holdings Inc. (NASDAQ: ONDS) announced that its subsidiary, Airobotics, received a new order for services from a leading semiconductor chip manufacturer. The Optimus System, an aerial data platform, has been operational since 2016 at a major chip fabrication facility in Israel, ensuring project safety and security. This technology will extend to construction management, offering progress monitoring and data analytics. The continued partnership with a Fortune 100 company showcases the reliability of Airobotics' autonomous drone technology, presenting opportunities for expansion in the construction management sector.
Ondas Holdings Inc. (NASDAQ:ONDS) has announced preliminary financial results for 2022, projecting total revenue of approximately $2.1 million and an Adjusted EBITDA loss of $39.5-$40.5 million. The company ended the year with $29.8 million in cash and outstanding convertible notes. A new business segment, Ondas Autonomous Systems, has been formed to manage drone operations. Key appointments include Reese Mozer as President of Ondas and Meir Kliner as President of Ondas Autonomous Systems. Looking ahead, Ondas expects preliminary revenue guidance for 2023 between $26 million and $30 million.
Ondas Holdings Inc. (NASDAQ: ONDS) announced a multi-system purchase order worth $3.5 million from SkyGo, a UAE-based company, for the deployment of aerial drone services in Abu Dhabi. This partnership, formalized in a Term Sheet for a Joint Venture (SkyGo JV), aims to utilize Airobotics’ Optimus System for various commercial applications. The initial deployment will include over 20 Optimus Systems to enhance public services and infrastructure monitoring. This venture is expected to begin commercial operations in Q1 2023, marking a significant step forward in the usage of autonomous drone technology in urban settings.