Business
Ondas Holdings’ Airobotics Completes Acquisition of Iron Drone Assets and Launches New Counter-Drone System at World Police Summit in Dubai
Acquisition presents new revenue opportunity, expanding the Company’s offerings in homeland security, public safety, and industrial sectors Airobotics is
About this update from Ondas Inc
[{"type":"text","content":"\nAcquisition presents new revenue opportunity, expanding the Company’s offerings in homeland security, public safety, and industrial sectors\n\nAirobotics is reporting strong interest from initial customers and partners\n\nThe Innovative counter-drone system is based on a fully-automated, AI-powered drone capable of homing on hostile drones and apprehending them\n\n WALTHAM, Mass. & DUBAI & PETAH TIKVAH, Israel--(BUSINESS WIRE)--\nOndas 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”) completed the acquisition of the assets of Iron Drone Ltd., an Israeli-based company specializing in the development of autonomous counter-drone systems, effective March 6, 2023. Iron Drone’s new system will be presented March 7 - 9 at the World Police Summit in Dubai. Ondas will integrate Iron Drone's counter-drone technology within its business unit, Ondas Autonomous Systems. Together with the Optimus System™, Ondas is offering a government-grade drone solution for security and critical infrastructure protection and monitoring, specifically when deployed for homeland security applications for protection of critical assets in complex commercial environments.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230307005435/en/(Photo: Business Wire)\nThe completed transaction represents a new revenue opportunity for Ondas as it signifies the Company's entrance into the promising and rapidly growing public safety, homeland security, and defense markets. Combined, the companies will provide customers in smart city, defense, and industrial markets with an advanced and unique integrated security platform capable of intercepting hostile drones in various theaters such as airports, populated areas, critical infrastructure, and more. The Iron Drone technology will be available to customers as a standalone technology offering and as an addition to the Optimus System™ Urban Drone Infrastructure.\n\n“Iron Drone’s counter-drone technology is a perfect fit for Ondas’ portfolio as it is a mission-critical system that can be installed to protect sensitive assets,” said Eric Brock, Chairman and CEO of Ondas...