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Ondas Holdings Announces Definitive Agreement to Acquire American Robotics, Inc.
American Robotics is the first Company Approved by the FAA for Autonomous Drone Operations Beyond-Visual-Line-Of-Sight Combination will enable Ondas and
About this update from Ondas Inc
[{"type":"text","content":"\nAmerican Robotics is the first Company Approved by the FAA for Autonomous Drone Operations Beyond-Visual-Line-Of-Sight\n\nCombination will enable Ondas and American Robotics to provide users in the utility and industrial markets with a full stack industrial IoT solutions for improved data collection and insights.\n\n NANTUCKET & MARLBOROUGH, Mass.--(BUSINESS WIRE)--\nOndas Holdings Inc. (NASDAQ: ONDS), a developer of proprietary, software-based wireless broadband technology (“Ondas” or the “Company”), today announced that it has entered into a definitive agreement to acquire American Robotics, a leading developer of fully-automated commercial drone systems and the first and only company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on the ground. This acquisition will integrate the two companies’ technology platforms and increase automation, data collection, and AI-powered analytics in industrial markets allowing for the improved maintenance, monitoring and operation of critical infrastructure.\n\nAmerican Robotics brings together best-in-class IP, a Robot-as-a-Service business model, and its historic FAA approvals to deliver an industrial drone service capable of unlocking the $100 billion commercial drone market. Unlike other drone technology, American Robotics’ Scout System™ provides an unmatched level of autonomy, safety, and analytics with its industrial-grade design and advanced, AI-powered software.\n\nDigitizing the physical world enables those in energy, agriculture, and other industrial sectors to better see how their physical assets - from railroads to utilities and crops - are performing, and better inform decision-making processes to be more efficient and more sustainable. Drones are a vehicle to better capture this data across large field area operations and with American Robotics, Ondas will provide users the capability to collect and analyze data through continuous, automated drone operations.\n\n\"We are excited to bring American Robotics into the Ondas fold,” said Eric Brock, Chairman and CEO of Ondas. “At the end of the day, the drone industry’s product is data, not aircraft. The drone is the ultimate data gathering edge device for mission critical operations, solving a huge pain-point for Ondas’ industrial and government customers and ecosystem part...