Ondas Inc · NASDAQ:ONDS
Ondas — Investor Day (September 2024)
59 slides from Ondas's investor day presentation, Sep 12, 2024
Slide 1: Ondas Investor Day 2024
ONDAS Paurowomous evsrens] OAS INVESTOR DAY 2024
Slide 2: Forward-looking statements and non-GAAP disclaimer
This presentation may contain "forward - looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimate
Slide 3: Agenda
AG E NDA • Introduction • Corporate overview • Technology, solutions and services platforms • Go to market strategy • Financial outlook • Investor Q&A session
Slide 4: Leadership Team
Y I SHAY C U RELARU CFO Yishay is an experienced financial executive with over 10 years experience with entrepreneurial growth companies. M E I R K L I NER PRESIDENT Meir is an entrepreneur with over 20 years of proven track record in aerospace development and manufacturing. Ti m " T 3 " T ef i fie
Slide 5: OAS Mission
OAS M I SSION To protect and secure critical assets, locations and populations and support the homeland defense of Allied nations. 5 We deliver aerial security, intelligence and data solutions to critical military, government and industrial markets across the world. We develop and produce highly fun
Slide 6: Key Reference Customers, Ondas Autonomous Systems
KEY REFERE N CE C USTO M ERS ONDAS AUTON O MO U S SYSTEMS Leading autonomous platforms; marquee customer adoption and global footprint NA S D A Q: O NDS EMPLOYEES 75 I NV E S TED CA P I TAL » $ 1 50 Mi l li on LOCATIONS Headquarters B al t i mo r e, MD P e t ah T i k v a, I s r ael G l obal Sales &
Slide 7: Corporate Overview
CORP O RATE O V ERVIE W Global corporate development platform to efficiently scale leading autonomous technologies and services Ofidas Holdifigs • Financial sponsor • Strategic leadership Ofi d as Au t o fio m o us Sys t e m s • Integrated global operations • Capital allocation Airobotics • Platform
Slide 8: OAS Timeline
OAS T I MELI NE OAS established as an independent growth platform 2 0 14 2 0 16 2 0 15 20 2 1 2 0 24 Air o b o t ics Founded American Robotics Founded 2 0 23 Ondas Autonomous Systems Inc. (OAS) Established Airobotics Acquired by Ondas (January) I r on Dr o n e Founded Iron Drone Acquired by Ondas (M
Slide 9: Portfolio of best-in-class defense and security platforms
“A PORTFOLIO OF BEST - IN - CLASS DEFENSE AND SECURITY PLATFORMS DEPLOYED TO PROTECT AND SECURE SENSITIVE LOCATIONS, POPULATIONS AND CRITICAL INFRASTRUCTURE.” – ERIC BROCK, CEO 9 I RON D RONE RA I D ER An autonomous counter - drone platform deployed to target and capture enemy drones for military an
Slide 10: Investment Highlights
INVEST MENT H I GHLIGHTS Proprietary technology platforms positioned for success in massive end markets 10 • Ondas Autonomous Systems (OAS) has portfolio of leading dual - use autonomous drone platforms • Secured program of record with military customer for Iron Drone • $9 million of orders received
Slide 11: Strategic priorities and operational investments
Leverage mature technology platforms, and strong demand environment with operational investments • Deliver Iron Drone Raider platform and sustainment capability to military customers • Execute on live security deployments; secure follow - on volume orders • Build supply chain and services infrastruc
Slide 12: Systems, Solutions & Services
SYSTEMS, SOLUTIO N S & SERVICES
Slide 13: Systems & Solutions
SYSTEMS & SOL U TI ONS Full - stack, end - to - end platform technologies and service delivery DEFENSE ISR Kinetic Security Low Sky Mar i t ime COMMERCIAL Security Safety I n spe c t i o n Asset Management Mapping | Surveying DFR 13
Slide 14: The Iron Drone Raider System
THE IRON DR O NE RAI D ER SYSTEM 24/7 Cou n ter UAS ( C - U A S) Oper a tions The Iron Drone Raider System is an advanced counter - drone solution, designed to defend assets against hostile drones in complex environments with minimal collateral damage. The system can also be enabled for other defens
Slide 15: The Growing Threat of Hostile Drones
TH E GR O WING TH REAT OF HOSTILE DR ONES 15
Slide 16: Lower Sky Protection
L O WER SKY PROTEC TI ON Vulnerability requiring urgent solution 16 Essentials elements of multi - layered security • Command and control (C2) systems • Radar and other detect technology • GP S & wi r e l e s s c o m m un i c a tio ns j amm i ng • Autonomous “Hard kill” UAS capability • Ground vehic
Slide 17: Counter-Drone Solutions
W eapo n s/ Wea po n Grade Sometimes effective Extreme collateral effect Expensive Restrictions on selling R F Jammers Low/medium effectiveness High collateral effect Affordable (I n tercep t ) Dro n e - vs - Dro n e High effectiveness Low collateral damage Reasonable price "Hard kill" intercept sol
Slide 18: The Raider System
UP TO 3 DRON E C A RTRI DG E A U T O N O M O US A I FLI GH T & L O CK FULLY AU TO MAT E D DO C K IN G ST AT IO N N E T & PARACHU TE LAU N CHER REUSA BLE D RON ES TH E RAID E R SYSTEM Designed for 24/7 mult i - d r one p r ot e ct i on 18 18
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Slide 20: The Iron Drone Raider System components
TH E I RON DR O NE Ra i d e r Syst e m The Raider System is an advanced counter - drone solution, designed to defend assets against hostile drones in complex environments with minimal collateral damage. D r one Po d Reusable | reloadable multi - drone storage and launcher D r one D etect i on R a d
Slide 21: Autonomy Continuum - The Raider
AUT O NOMY CONTI NU U M – TH E RAID E R S o ft w a r e - b a sed int e l l i g e nt, hig h - spe e d na v i g at i o n in complex, GPS - denied environments AU T O N O M O US F LIG H T (to e s t i m a t e d lo c a t ion) AI V ISI O N T AR G ET H O M I N G (w it h o n - b o a r d m icr o - r a d a r
Slide 22: Iron Drone Raider System specifications
I R ON DR ONE R AI D ER SYSTEM 45 m/s FLIGHT S PE E D 4 km 2.5 miles FLIGHT R AN GE 8 coax (4X2) MOTORS R E D UN D AN CY Drone: 4 kg dock: 25 kg S YST E M W E IGHT Net (Optional Parachute) PAYLO A DS C A PA B ILITY E/O (Thermal) + Micro radar HOMI N G G U ID AN CE Up to 3 DRO NE S S TOR A G E/ L AUN
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Slide 24: Optimus System features
C ER TI F IED P A R A C H U T E Autonomous Urban Grade Safety Parachute ASTM Approved Reduced Impact Energy B UIL T - IN S A F ETY L O G I C S Autonomous Flight Emergency Patterns GPS - Denied Navigation Solution ON - B O A RD C O M P U T E R S Payload Control and Data Processing G PS & C O MM U N I
Slide 25: Optimus mission workflow and payloads
1 Mission requested and flight plan starts to prepare 2 Drone launches from the base station autonomously 3 Drone flies preplanned missions, transmitting data to the base station 4 The drone returns to the base station and lands automatically for data offload and battery swap 5 E nd use r r e c e iv
Slide 26: Optimus standard payloads
VISUAL ASSE T INSPECTIONS D U A L EO | I R V I DEO 26 SAF ET Y, SECUR ITY, AND EMERGENCY RES PO NSE HIG H R E S . RG B LI V E V I DEO MAPPING AND SU RVEYING 2 D | 3D M A PPI N G OPTIMUS ST ANDARD PAYLOADS F u ll r e a l it y ca p ture
Slide 27: Optimus drone network
Multiple A p plic a ti ons Drone N etwor k O P TIMUS SYSTEM NETW O RK C O V E R A GE ~30 sq mi 27
Slide 28: FAA Type Certification Approved
TYPE C E RTIFI CAT I ON APPR O VED And what it to ok 1,200+ D & R Fl i g hts 60+ P a r a c hu t e Test Deployments 5 F A A Off i ces Involved The FAA has granted Type Certification to the Optimus System. The first non - air carrier UA after rigorous testing, confirming compliance with airworthiness
Slide 29: Optimus System specifications
OPTIMUS SYSTEM YES ROBO T IC B A TT E RY S W A PPI N G YES RO B OTIC P A YLO A D S WA PPI N G Day & Night, 25 knots Wind, Light Rain TAKEOFF & LANDING LIMITATIONS 20 M A X. SE Q UEN TI A L F U LL TIME FLIGHTS 4 PAYLOADS Dock: 2.5 tons Drone: 10 kg S YST E M W E IGHT Dock: 215x265x220 cm Drone: 178X1
Slide 30: Best-in-class hardware
BES T - IN - CLASS HARDWARE OAS is providing the leading end - to - end autonomous unmanned aerial systems I N T ERCE P T I N G NET Swappable intercepting net and parachute AU T O M ATED P OD Mult i - dr one s t ora g e and launcher 30 R O B O T IC ARM Battery and Payload Swapping for 24/7 multi - p
Slide 31: Best-in-class software
D o cki ng S t a t i o ns A u t o m a t i o n D ro ne F l ee t C o mm a nd & C o ntro l O n - B o a rd F l i g ht & Se ns o rs D a t a H a nd li ng a nd A na l y t i cs 31 BES T - IN - CLASS SO F TWARE OAS is providing full stack software and platforms I NS IGHTFUL D AT A P O R T AL PRIMUS COMMAND &
Slide 32: Fleet Command & Control Center, Primus Platform
Fleet Command & Control Center P R I M U S P L A T F R OM • Real - time video & camera Control • Fleet & Mission Control • VOD and VMS • Remote flight operations platforms • Mobile (Tablet) architecture • Payloads control protocol & Integration • Translations architecture & design • Authorization ar
Slide 33: Data portal layers and features
LAY E R S PRE S E N TA T I ON Users can present and browse through different data layers processed by Airobotics or o t h e r G IS da t a , by da t e and / or c on t e nt t yp e M E A S U RE M E N TS & A NN OT A T I O N S Users can take 3D measurements and add annotations over geospatial data LOCAL
Slide 34: Optimus API & Processing
OPTIMUS A P I & P R O C E S S I N G E d ge & cl o ud ana l ytics Edge & CLOUD DATA ANALYTICS The Optimus system Offers a powerful environment for hosting various types of data analytics and AI services. The system automatically orchestrates visual and spatial data, allowing for rapid and seamless fl
Slide 35: Computer vision-based flight, Iron Deepstream AI
C OMPUTE R V I S I ON - BA S ED FL I G HT Hi g h fr e q u e n c y fli g h t c o n trol AI DET E C TIO N AND OBJE C T T R ACKI N G Object detection recognition and tracking 35 IR O N D E EPSTREAM - AI EMBEDD E D INT E LLIG E NCE OAS is developing powerful innovative AI - embedded software
Slide 36: Kestrel System
KEST R E L SYSTEM Advanced DAA and Airspace Management and Security An integrated detect and avoid platform that enables true r em o te a n d B V L OS a u t o n o mo u s o p e r a t i o n s
Slide 37: Dynamic UTM/USSP and mission sets
DYNA M IC UTM/US S P • Autonomous flight validation, approval, and rerouting within 5 seconds • R e a l - t i m e assess m e n t a n d mitigation of airspace risks • AI - driven predictive flight path tracking and risk - based adjustments MIS S IO N SETS • C - U A S : S ho r t - r a n g e d e t e ct
Slide 38: Kestrel, Optimus and Operational Control Center
The Kestrel System offers complete air traffic awareness by detecting and tracking up to 20 targets within a 15.5 - mile radius. Using passive sensors, it provides real - time tracking and threat identification, ensuring safe airspace integration Fully Automated Drone Infrastructure Remote Operation
Slide 39: Demonstration and customer training center
& demonstration center Serves as a development hub for showcasing American Robotics Products and Services, offering insights into American Robotics technology. CUSTOMER TRAIN I NG • Live Demonstrations: Showcasing the FAA type certified Optimus System for data collection, inspection, and surveillanc
Slide 40: Data and information: the uncrewed industry
D ATA A N D INF ORMAT I ON The u n cr e w e d industr y Large necessity for market leader to professionalize the “uncrewed” industry. Built on the foundations of safety. REVOL UTIONIZ ING AIRMEN Training, Pilot Records, FAA, Waivers, Exemptions, Certifications, Operations, SMS AIRCRAFT Par t 107 , P
Slide 41: USCG EPA Operations
USCG E PA O PERATIONS Dem o nstra t e d p e r f o r ma nce fo r com p l e x, critical aerial operations P r o jec t Objecti ves – U S C G • Use drone technology and sensor packages (sniffer) to determine compliance and enforcement of sulfur emission requirements from ships • Determine if current gui
Slide 42: Go-to-Market
G O - TO - MARKET 42
Slide 43: Optimus drone-in-a-box and Iron Drone counter markets
1.1 1.3 1.5 1.8 2.1 2.5 2.9 3.5 2 0 23 2 0 24 2 0 25 2 0 26 2 0 27 2 0 28 2 0 29 2 0 3 0 https:// www.fortunebusinessinsights.com/drone - in - a - box - market - 108470 O P T I MU S D RO N E - I N – A - BOX M A RK E T D e f e n s e | H o m e l and S e c ur i ty | Pu b li c Sa f e ty Industrial & Co
Slide 44: Fully autonomous drones: step-by-step approach
FULLY AUTONOMOUS DRONES: STEP - BY - STEP APPROACH Go - to - market plan is focusing on mature segments first Re g u l a t o r y / Cu s t omer Readiness P has e - 1 : G ro w t h P has e - 2 S c a l e - Up P has e - 3 Expa n s i o n O p er a t i ons Criticality L i f e S av i ng Public Sustainability
Slide 45: Optimus & Iron Drone GTM
Pha s e - 1: Growt h I ndus t ri a l & C omm e rc i a l Services Pha s e - 2 Scal e - Up Pha s e - 3 Ex p a nsi o n D ron e a s F i rst Responder Bor d e r P ro t e c t i on M ili t a ry B a se s a nd F orc e s P ro t e c t i on Government b u i l d i ngs Pro t e c t i on O i l & G a s F a c ili t i
Slide 46: Iron Drone Raider - Specific TAM
IRON DR O NE RAID E R – SPEC IFI C TAM 46 D e t e c t ion Systems Specific potential Iron Drone Raider in defense & HLS markets RADIO FREQUENCY RADAR CAMERAS A CO U ST I C PROJECTILE FIRE/ENERGY INTERCEPTING DRONES G P S/RAD I O JAMM I NG G P S/R A D I O S P OOF I NG In t e rc ep t ion Systems LAW E
Slide 47: Iron Drone Raider SAM
IRON DR O NE RAID E R SAM Specific potential Iron Drone Raider In Def e nse & HL S ma rk e ts Man a ge m e n t e s t i m a t e s : 1. Mili t a ry B a s e s Prot e c t ion : 2 . 5 S y s t e ms P e r B a s e | 4 91 R e l e v a n t B a s e s ( 20 %) 2. Military Combat Vehicles: 1 system per 20 vehicles
Slide 48: Proven experience building drone network in Dubai
PR O VEN 3 YEARS EXPERIENCE BUILDING INTELLI G ENT DRONE NETWORK IN DUBAI +10,000 F ligh t s in P o pulat ed Areas Multiple Operational Docking Stati ons 67 Second Re s pon s e Ti m e +14 Orders for 2 0 2 4 - 2025 - 3:53 min Reduced Response Time Fully Integra ted SOP Emergencies, Recurring Patrol 4
Slide 49: Proven experience protecting semiconductor fabrication facility
PROVEN 8 YEARS EXPERIEN C E PROTECT I NG AND SERVING SEMICONDUCTOR FABR I C A T I ON FAC IL I TY +1,000 En d - U s ers Eng a ge m ent +10,000 Ful ly Autom a ted Fl ights +13 A p plic a ti ons Develop ed . 49
Slide 50: OAS Marketing Activities
OAS MARKET I NG ACT I VITI ES Primary marketing activities for Optimus & Iron Drone Raider solutions O pe ra t i o n al S u cc e s s - L e d Expending market reach via governmental customer networks G 2 G / C u s t o me r P l at for ms Channel - Led Expanding market reach via network of agents and p
Slide 51: Financial Outlook
FINANCIA L OUTLOOK
Slide 52: Multi-Stage Growth Plan
MU L T I - STAGE GR O WTH PLAN Ca p it al to suppo rt o p e r a t i onal sca l e and drive platform adoption 52 2021 - 2023 DEVELOPMENT Platform and solutions development; commercialized solutions and demonstrated product market fit 2023 - 2026 SER V I C E DELI V ERY Establish scalable operating pla
Slide 53: Customer Pipeline
CUSTOMER PIPELI NE Growing customer engagement with military as new, large end market 53 • Current Focus Markets / Customers • Military • Homeland security • Public Safety / DFR • Ports & Terminal operations • Critical technology assets • Fleet expansion with existing customers • Preparations underw
Slide 54: Global defense markets: initial market potential
• Certified for central purchasing approval and pricing, including single supplier status • Secured ~$9 million in purchase orders in Q3 2024; expect additional orders from military customers in 2024 • Partnering with major defense vendors for systems integration, mutual reselling relationships • Ac
Slide 55: Revenue Outlook
REVENUE O U TLO O K Capital to support operational scale and drive platform adoption Revenue Target Period $6 – 8 million 2H 2024 $15 – 18 million 2025 $35 – 38 million 2026 K EY FINANCIA L INS IGHTS - Outlook reflects conservative assumptions of obtainable market (SOM) - Operational investments sup
Slide 56: Multi-Stage Capital Plan
MU L T I - STAGE CAPI T AL P LAN Capital to support operational scale and drive platform adoption 56 Source: Management estimates KEY I NVEST M ENT INIT IAT I V E S • Support entrance into additional global defense markets including the United States • Enhance supply chain capabilities to support sc
Slide 57: Financial Outcome
FINANC IAL O U TC OME Successful business plan execution creates a high growth, highly profitable global security and intelligence company supported by two software - driven, proprietary unmanned dual - use aerial technology platforms and related services Source: Management estimates 57 2 0 26 2 0 2
Slide 58: Investment Highlights
INVEST MENT H I GHLIGHTS Proprietary technology platforms positioned for success in massive end markets • Ondas Autonomous Systems (OAS) has portfolio of leading dual - use autonomous drone platforms • Secured program of record with military customer for Iron Drone • $9 million of orders received in
Slide 59: Q&A
Q&A