Welcome to our dedicated page for Ondas Holdings news (Ticker: ONDS), a resource for investors and traders seeking the latest updates and insights on Ondas Holdings stock.
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.
Ondas Holdings Inc. (NASDAQ: ONDS) has appointed Susan Roberts as a Senior Advisor to enhance strategy and business development for the company's FullMAX communications platform, targeting the Unmanned Aerial Systems (UAS) and Aviation sectors. Roberts, a notable figure in UAS, brings extensive experience from leadership roles at major firms like Panasonic and GE Aviation. CEO Eric Brock expressed confidence that her expertise will significantly aid Ondas in expanding its market presence, facilitating partnerships, and advancing its wireless technology solutions.
Ondas Holdings Inc. (NASDAQ: ONDS) reported a significant revenue increase of 575% to $2.2 million for the year ended December 31, 2020, driven by partnerships with Siemens and Aura. The company's net loss decreased to approximately $13.5 million, down from $19.4 million in 2019. Ondas ended the year with $26.1 million in cash, bolstered by a public offering yielding $31.3 million in net proceeds. Looking ahead, Ondas anticipates initial bookings from Class 1 Rails in the second half of 2021 and expects first-quarter revenues between $1.0 and $1.5 million.
Ondas Holdings Inc. (NASDAQ: ONDS) will release its fourth quarter and full year 2020 financial results on March 8, 2021, before the market opens. A live webcast discussing these results will follow at 8:30 a.m. ET. Investors can access the webcast via the Company’s Investor Relations website. Ondas specializes in software-based wireless broadband technology and supports critical applications across various industrial sectors, including railroads, utilities, and government entities. The Company’s FullMAX platform addresses bandwidth limitations in legacy private wireless networks.
Ondas Holdings Inc. (NASDAQ: ONDS) has formed a strategic partnership with Rogue Industries to enhance marketing of its MC-IoT platform for US government and defense sectors. The collaboration aims to leverage Rogue’s expertise in government procurement, addressing the need for advanced communication solutions. Ondas’ software-defined platform could significantly improve mission-critical applications, moving beyond legacy systems. This partnership is expected to benefit ongoing initiatives within the government, enhancing capabilities for unmanned aircraft systems and other critical uses.
Ondas Holdings Inc. (NASDAQ: ONDS) has appointed Jaspreet Sood to its Board of Directors, effective January 19, 2021. Sood, a technology executive with extensive experience at Hewlett Packard Enterprise, will aid in executing the Company’s MC-IoT growth strategy. She brings a wealth of expertise in sales, operations, and product strategy and holds an MBA from Pepperdine University. Concurrently, Thomas V. Bushey has resigned as President, but will continue as a Board member and consultant, with Stewart Kantor stepping in as the new President.
Ondas Holdings Inc. (NASDAQ: ONDS) has announced the first commercial shipment of its Mercury software-based radio platform to a major North American Class I rail customer. This shipment is part of an exclusive partnership with Siemens Mobility to introduce Siemens-branded wireless communication systems in the rail market. The Mercury platform operates Ondas' Mission-Critical IoT (MC-IoT) software, significantly enhancing bandwidth capacity—up to 15 times more—compared to traditional narrowband channels. This advancement addresses the critical bandwidth gap faced by various industries including railroads and utilities.
Ondas Holdings Inc. (NASDAQ: ONDS) announced the full exercise of an over-allotment option in its public offering, resulting in an additional 750,000 shares sold and net proceeds of approximately $4.1 million. The funds will be allocated to research and development of the FullMAX platform, inventory buildup, and general corporate purposes. Oppenheimer & Co. Inc. was the sole book-running manager for this Offering. The registration statement for the Offering was effective as of December 3, 2020, per SEC filings.
Ondas Holdings Inc. (NASDAQ: ONDS) will present online at the Oppenheimer 5G Summit on December 15 at 2:05 p.m. ET. Investors can watch the live webcast on the Company’s Investor Relations website. Ondas management will be available for one-on-one meetings at the event. Interested investors can reach out to Ondas Investor Relations for scheduling. Ondas develops software-based wireless broadband technology, supporting mission-critical IoT applications across industries like railroads, utilities, and aviation, leveraging its FullMAX platform.
Ondas Holdings Inc. (NASDAQ: ONDS) will present at the 13th Annual LD Micro Main Event on December 14 at 3:00 p.m. ET. The online event will showcase the Company’s innovative wireless broadband technology and its growth potential, followed by a Q&A session with investors and analysts. Interested participants can register for the live broadcast at ve.mysequire.com. A copy of the presentation will also be available on Ondas's Investor Relations page at ir.ondas.com.