Ondas Receives its Latest Purchase Order for the Iron Drone Raider Counter-Drone System from a Major Defense Company
Purchase order to facilitate future orders and deployments of the system with new defense and homeland security customers As a unique AI-integrated interception drone system, the Iron Drone Raider offers a new method for neutralizing hostile drones while minimizing collateral damage Commercially launched last year, the Raider system has been enhanced to meet specific military requirements and has already received orders from leading military and defense organizations BOSTON, MA / ACCESSWIRE / November 22, 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 its Ondas Autonomous Systems Inc. ("OAS") business unit's Airobotics subsidiary has received a purchase order for its Iron Drone Raider counter-uncrewed aircraft system (C-UAS) from an Israeli defense company. This order, which was placed as part of an integration process between the companies, aims to expand the distribution of the system for additional military and homeland security governmental end users.
Ondas Holdings Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirement
BOSTON, MA / ACCESSWIRE / November 19, 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 it has received a notification letter from Nasdaq Stock Market LLC ("Nasdaq") that the Company has been granted an additional 180-day compliance period to regain compliance with Nasdaq's minimum bid price of $1.00. Ondas was granted the extension for the minimum bid price requirement based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company's written notice of its intention to cure the deficiency during the extended compliance period.
Ondas Holdings Inc. (ONDS) Q3 2024 Earnings Conference Call Transcript
Ondas Holdings Inc. (NASDAQ:ONDS ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Eric Brock - Chairman and CEO Neil Laird - Interim CFO Guy Simpson - President & COO, Ondas Networks Meir Kliner - President, Autonomous Systems Conference Call Participants Mike Latimore - Northland Capital Markets Glenn Mattson - Ladenburg Thalmann Matthew Galinko - Maxim Group Timothy Horan - Oppenheimer Carter Mansbach - Forte Capitol Group Operator Welcome to the Ondas Holdings Inc., Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
Ondas Holdings Inc. (ONDS) Reports Q3 Loss, Tops Revenue Estimates
Ondas Holdings Inc. (ONDS) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.15 per share a year ago.
Ondas Holdings Reports Third Quarter 2024 Financial Results: Secures $14.4 Million in Drone Platform Purchase Orders in Q3
Q3 marks the largest bookings in Ondas' history $14.4 million in purchase orders were from a major military customer for the Iron Drone Raider and Optimus System autonomous drone platforms Iron Drone Raider is emerging as a best-in-class 'hard kill' counter drone solution addressing the urgent need for protection from hostile drones Order from Metra, Chicago's primary commuter rail system, for system-wide 900 MHz upgrade secured by partner Siemens Railroads communicate plans for general purpose 900 MHz network architecture to be deployed to support resilient rail operations Conference Call Scheduled for Today at 8:30 a.m. ET BOSTON, MA / ACCESSWIRE / November 12, 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 through its Ondas Networks and Ondas Autonomous Systems (OAS) business units, reported financial and operating results for the three months ended September 30, 2024.
Ondas Holdings' Airobotics Secures $1 Million Grant from Israel Innovation Authority to Further Enhance Its AI-Driven Irone Drone Raider Counter-Drone System
Funding accelerates development of new features for the Iron Drone Raider, an advanced drone interception system Need for effective defensive counter-drone solutions has never been greater Grant highlights Airobotics' innovation and valuable contributions to Israel's advanced aerospace sector, recognized globally for leadership in drone and interception technologies BOSTON, MA / ACCESSWIRE / November 7, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone solutions, today announced that the Israel Innovation Authority (IIA) has awarded a NIS 3.8 million (approximately $1 million) grant to support further development of its Iron Drone Raider counter-uncrewed aircraft system (UAS) owned by its wholly-owned subsidiary, Airobotics LTD.("Airobotics").
Ondas Holdings to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024, at 8:30 a.m. ET
BOSTON, MA / ACCESSWIRE / November 5, 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, will hold a conference call on Tuesday, November 12, 2024, at 8:30 a.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2024.
Ondas Secures $3.5 million Investment in Ondas Autonomous Systems in Transaction Led by Ondas Chairman and CEO Eric Brock and Board Member Joe Popolo
Direct investment in Ondas Autonomous Systems (OAS) backed by investment companies of Joe Popolo, Board Member of Ondas, and Eric Brock, CEO and Chairman of Ondas and OAS Initial investment to support OAS' substantial growth opportunity in providing unmanned aerial security and intelligence to defense, security and critical infrastructure and industrial markets BOSTON, MA / ACCESSWIRE / October 14, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas", "Ondas Holdings" 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 Ondas Autonomous Systems Inc. ("OAS") has entered into an investment agreement with a private investor group, including Charles & Potomac Capital, LLC ("Charles & Potomac") and Privet Ventures LLC ("Privet Ventures"), for an investment of $3.5 million in convertible notes of OAS. The investment in OAS will support OAS' business expansion plan and deliver on the substantial growth opportunity in the defense, security, and critical infrastructure and industrial markets targeted by OAS' Optimus and Iron Drone autonomous drone platforms.
Markus Nottelmann Joins Ondas Holdings as a Senior Advisor Focused on Ondas Networks Initiatives
Nottelmann has extensive experience introducing new technology into railroad markets and an accomplished background as a strategic financial and operating executive Nottelmann will assist in accelerating Ondas Networks' commercial activities with railroad customers and partners, as well as strategic financial matters BOSTON, MA / ACCESSWIRE / October 8, 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 Markus Nottelmann has joined the Company as Senior Advisor, focusing on commercial development and strategic activity for Ondas' wholly-owned subsidiary Ondas Networks Inc. ("Ondas Networks"), where he will also serve as a board member. Mr. Nottelmann is an accomplished executive and brings a wealth of experience through holding various financial and operating roles including leadership positions with Sperry Rail Service and Acuren Inspections, both subsidiaries of Rockwood Holdings, LP, as well as Furmanite Inc. and DMA S.r.l.
Ondas Holdings' Airobotics Secures $5.4 Million Purchase Order from a Major Defense Customer for the Optimus System, a Fully Autonomous Unmanned Aerial Surveillance Platform
Ondas' purchase orders received during third quarter 2024 now total $14.4 million, including $9.0 million in orders for the Iron Drone Raider Optimus Systems will be deployed by a major defense customer to assist in critical asset protection and aerial border security Order signifies the further adoption of Ondas' portfolio of autonomous drone platforms in the global defense sector, with the Optimus System joining the Iron Drone Raider for deployment in military security operations The Optimus System is a military grade autonomous platform uniquely capable of persistent remote operations in harsh complex aerial environments including with limited access to GPS and wireless connectivity MARLBOROUGH, MA / ACCESSWIRE / September 30, 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 its wholly-owned subsidiary, Airobotics LTD ("Airobotics"), has received a $5.4 million order for the delivery of multiple Optimus Systems from a major defense customer intended for critical asset protection and border security. The Optimus System has been extensively utilized by various governmental and commercial customers worldwide, carrying out thousands of operational drone flights without human intervention under challenging environmental conditions and in densely populated areas.
Ondas Receives $8.0 Million Purchase Order for Iron Drone Raider Systems from Major Military Customer for Aerial Protection Against Hostile Drones
Marks largest order ever for the Iron Drone Raider systems and a significant milestone in Ondas Autonomous Systems Inc (OAS) business unit's expansion Anticipating further growth with military and security customers worldwide, as Iron Drone's capabilities are utilized and demonstrated in live security operations through this purchase order Ondas believes the Iron Drone Raider system is one of the most innovative and promising technologies in the counter-drone market, featuring autonomous capabilities and cost-effective interception with minimal collateral damage MARLBOROUGH, MA / ACCESSWIRE / September 9, 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 the receipt of an $8.0 million purchase order directly from a major military customer to supply multiple Iron Drone Raider systems. The order includes Raider systems, associated elements and infrastructure, and supporting services for aerial protection against hostile drones.
Ondas Holdings Announces Closing of $4.0 Million Registered Direct Offering
MARLBOROUGH, MA / ACCESSWIRE / August 30, 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 through our Ondas Networks and Ondas Autonomous Systems (OAS) business units, today announced that it has closed its previously announced offering of 5,333,334 units of the Company, with each unit consisting of one share of common stock, one Series A warrant to purchase one share of common stock, and one Series B warrant to purchase one share of common stock. Each unit was sold at a public offering price of $0.75, for gross proceeds of $4.0 million (the "Offering"), before deducting commissions and offering expenses.
