Business
Ondas Holdings' Airobotics Enters Strategic Alliance with Saudi Excellence to Establish Local Drone Infrastructure Throughout the Kingdom of Saudi Arabia
Establishes Airobotics as a primary provider of drones and drone infrastructure across the Kingdom of Saudi ArabiaCompanies plan to establish an in-country
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[{"type":"text","content":"Establishes Airobotics as a primary provider of drones and drone infrastructure across the Kingdom of Saudi ArabiaCompanies plan to establish an in-country office to localize Airobotics' autonomous drone systems for the KSA market and provide value by employing local staffWALTHAM, MA and RIYADH, SAUDI ARABIA / ACCESSWIRE / August 8, 2023 / Ondas Holdings Inc. (NASDAQ:ONDS) (\"Ondas\" or the \"Company\"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, and Saudi Excellence Holding Company (\"Saudi Excellence\"), a holding company affiliated with the Al-Ramez International Group, announced today the signing of a Strategic Alliance Agreement between Saudi Excellence and Ondas' subsidiary Airobotics Ltd. Saudi Excellence and Airobotics plan to jointly establish a local office in the Kingdom of Saudi Arabia (KSA), to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities. The companies will work together to develop and foster an ecosystem of technology and service providers across the KSA by employing local staff and working closely with local partners. Sheikh Abdullah bin Zaid Al-Meleihi, President of the Saudi Excellence Holding Company, said, \"With this partnership, we plan to provide sophisticated autonomous drone platforms to government and commercial customers in the Kingdom of Saudi Arabia. There are significant projects in the Saudi market and as the economy expands and diversifies, demand for next-generation technologies is growing. Together with Airobotics, we will provide high value technical solutions while also training Saudi cadres to work in this field. This initiative aims to support the vision of Saudi 2030, following the guidance and support of his Royal Highness, the Crown Prince.\"\"We are honored to expand our business in the region to the Kingdom of Saudi Arabia and to be recognized and chosen by Saudi Excellence as the leading provider of drone infrastructure,\" said Meir Kliner CEO of Airobotics, \"Saudi Vision 2030 and the economic transformation of the country is creating significant opportunities for Airobotics in defense and civil markets. Together with the Saudi Excellence company, we look forward to implementing our state-of-the-art autonomous drone technologi...