Business
Ondas Holdings Announces Definitive Agreement to Acquire Ardenna to Offer Comprehensive Monitoring, Inspection and Data Analysis Solutions to the Rail Industry
Ardenna's Advanced Image Processing and Machine Learning Software Solution Enables American Robotics' Scout System to Monitor and Analyze Rail Infrastructure,
About this update from Ondas Inc
[{"type":"text","content":"Ardenna's Advanced Image Processing and Machine Learning Software Solution Enables American Robotics' Scout System to Monitor and Analyze Rail Infrastructure, Providing Valuable Insights that Reduce Costs and Enhances SafetyWALTHAM, MA / ACCESSWIRE / March 21, 2022 / Ondas Holdings Inc. (NASDAQ:ONDS), a leading provider of private wireless data, drone and automated data solutions through its wholly-owned subsidiaries, Ondas Networks Inc. and American Robotics, Inc. (\"American Robotics\" or \"AR\"), today announced it has entered into a definitive agreement to acquire Ardenna, a leading provider of image processing and machine learning software solutions for rail infrastructure monitoring and inspections. With this acquisition, American Robotics' best-in-class automated drone platform will leverage Ardenna's Rail-Inspector advanced analytics software to accelerate growth within the rail industry. This acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2022.\"American Robotics is thrilled to join forces with Ardenna, a leading provider of rail-focused machine learning and SaaS software,\" said Reese Mozer, CEO and co-founder of American Robotics. \"Together, we can offer the end-to-end data solution that the rail industry has been waiting for, enabling new efficiencies and increased safety.\"This strategic acquisition will equip American Robotics' drone solution with the necessary offerings to enhance value to the rail industry and achieve commercial scalability in the sector. With the acquisition of Ardenna, American Robotics will begin to work with major rail industry companies, including Ardenna's current customers which are amongst the largest freight railroad networks in North America.\"The pieces that are needed to create an industrial data solution for analyzing rail infrastructure are coming together,\" added Eric Brock, Chairman and CEO of Ondas. \"We believe the acquisition of Ardenna will provide the rail industry with a solution that combines drones, automation, communications, AI, and industry-specific expertise to significantly enhance operations and safety.\"Autonomous drones are shaping the future of railways - lowering costs and improving overall performance and safety. Whether they are used to inspect railway lines or other vital aspects of rail infrastructur...