Business
Ondas Holdings Reports Second Quarter 2024 Financial Results
Ondas secures initial purchase orders for Iron Drone Raider from a global defense company and a major military customerMajor military customer places
About this update from Ondas Inc
[{"type":"text","content":"Ondas secures initial purchase orders for Iron Drone Raider from a global defense company and a major military customerMajor military customer places additional purchase order to expand the initial Iron Drone program, as announced earlier todayAmerican Robotics secures key contract with United States Coast Guard for maritime emissions monitoring to support EPA Clean Ports initiativesIron Drone Raider is emerging as a best-in-class 'hard kill' counter drone solution addressing the urgent need for protection from hostile dronesOndas Networks' distribution partner secures initial purchase order for deployment on 900 MHZ from transit operator in SouthwestConference Call Scheduled for Today at 8:30 a.m. ET MARLBOROUGH, MA / ACCESSWIRE / August 14, 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, reported financial and operating results for the second quarter ended June 30, 2024.\"Ondas continued to advance critical customer activity during the second quarter, positioning the Company for long-term growth,\" said Eric Brock, Chairman and CEO of Ondas Holdings. \"That progress included multiple orders we have secured for the Iron Drone Raider, including the latest order announced earlier today from a major military customer, which represents an expansion of their engagement with Ondas on their counter-drone technology roadmap. The successful productization of our Irone Drone Raider adds a third revenue-generating platform to Ondas' portfolio, alongside OAS' Optimus System and Ondas Networks' FullMAX, 802.16-enabled software-defined networking platform.\"At Ondas Networks, our distribution partner secured an initial commercial order for Airlink, powered by our FullMAX software defined networking platform, for Advanced Train Control Systems (ATCS) deployment in the 900 MHz network. This marks a major milestone following the successful installation and systems integration. Live Airlink networks are now operational for both a Class I freight rail operator and a transit customer while additional orders are expected in the second half of 2024 for similar area-wide buildouts. In parallel, we are engaging railroad customers to identify b...