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Ondas Secures Expansion of its Initial Purchase Order of Iron Drone Raider Systems Received from a Major Military Customer for Immediate Deployment
Expansion of initial purchase order received from a government military customer reflects the urgent need for Ondas' innovative counter-drone system Iron
About this update from Ondas Inc
[{"type":"text","content":"Expansion of initial purchase order received from a government military customer reflects the urgent need for Ondas' innovative counter-drone system Iron Drone Raider systemAdditional volume orders are expected in the second half of 2024 based upon combat success 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, updated today that it has received an expansion of the initial purchase order received from a military customer for several Iron Drone Raider (the \"Raider\") counter-drone systems. The expansion includes additional features and support services for the systems that will be deployed and operated as part of military defense activities to protect from hostile drones threatening borders, critical locations, populations and defense forces. \"Our Iron Drone Raider system is probably the most advanced counter drone solution available today for military and homeland security organizations worldwide,\" said Eric Brock, Chairman and CEO of Ondas. \"We received our initial Iron Drone Raider order directly from a military customer last month, and now this customer has extended its order to include more specific capabilities to support these upcoming operations. Ondas is positioning itself as a prime defense contractor in an emerging, and rapidly growing counter-UAS market with a large total addressable market. This expansion order demonstrates the high and urgent demand for our high-performance systems in response to the rapidly growing threat posed by hostile drones. We believe our unique AI-enabled technology can provide a highly reliable, cost-effective solution to hostile drones compared to alternatives, which are typically expensive and often cause significant collateral damage when deployed.\"The ongoing conflicts and events worldwide underscore the growing threat posed by small, hostile drones, which are increasingly used for aerial surveillance and kamikaze attacks. Various countermeasures, such as jamming GPS signals or manually controlling radio communications, can neutralize some drones. However, drones operating autonomously or without communications can only be stopped through physical interception or shooting, which are not always feasible and ca...