Ondas Inc · NASDAQ:ONDS
Ondas — Merger or Acquisition (May 2021)
26 slides from Ondas's merger presentation, May 2021
Slide 1: American Robotics: Enabling Mission-Critical IoT
AMERICAN ROBOTICS ENABLING MISSION-CRITICAL IOT Business Update | May 2021
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Statements made in this presentation that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predic
Slide 3: Speaker List
Speaker List Eric Brock Reese Mozer Chairman & CEO Founder & CEO Stewart Kantor Vijay Somandepalli Founder, Founder & CTO President & CFO 3
Slide 4: Ondas Business Update Agenda
Ondas Business Update | Agenda Ondas | Introduction American Robotics | Overview & Strategic Fit American Robotics | Key Deal Terms American Robotics | CEO Business Overview Investor Q&A 4
Slide 5: Ondas Overview
Ondas Overview Snapshot Business Highlights ▪ Next-gen, MC-IoT Industrial wireless broadband platform ▪ Massive private network upgrade cycle in critical infrastructure ▪ Railroads, Utilities, Public Safety, Oil & Gas, Drones ▪ Fog-compute & intelligent sensor-based solutions at network edge ▪ Blue
Slide 6: Introducing the Scout System
American Robotics | Introducing the Scout SystemTM PLEASE WATCH INTRODUCTORY VIDEO AT Ondas-AR | ONDAS Networks www.ondas.com/ondas-ar/ FAA Approves First Fully Automated Commercial Drone Flights “American Robotics will lay the groundwork for advances and accelerated growth of the industry”
Slide 7: American Robotics Introduction
American Robotics | Introduction Leadership Company Highlights The only company approved by FAA to operate fully-automated drone without humans on-site ▪ Fully automated, end-to-end industrial-grade drone system ▪ Exclusive set of FAA approvals to operate autonomously without humans on-site ▪ High m
Slide 8: Ondas + American Robotics: A Complete Data Platform for Industry
Ondas + American Robotics | A Complete Data Platform for Industry THE NEXT GENERATION OF INDUSTRIAL DATA | HIGH-RESOLUTION & HIGH-FREQUENCY ▪ Thousands of autonomous drones collect & analyze high-resolution data continuously ▪ Long-range data transfer unlocks full scale of commercial market ($100B+
Slide 9: 450 MHz
Upper Limit Undefined CLASS E FL 18,000 MSL CLASS A COMMAND & CONTROL Class B C D Nationwide UAS Navigation Manned Airspace Applications FAA Authorization Required 450 MHz ▪ UAM – Urban Air Mobility ▪ Large Field Inspection ▪ Wide-area Security 1200 ft AGL 700 ft AGL CLASS G CLASS G Class G Unmanned
Slide 10: Ondas Networks: The Nervous System for Drone Applications
Ondas Networks | The Nervous System for Drone Applications Local Private WAN Nationwide Lower Altitude Lower Altitude High Altitude – up to 40K feet 3-mile+ radius operations Managed Services Platform Long Endurance Missions Drone-as-a-Service, distributed Industrial, Security, Government Major Indu
Slide 11: The Vision: Ondas and American Robotics
The Vision | Ondas and American Robotics Enhanced value of FullMAX wireless network Faster market penetration for Scout System TM ▪ End-to-end solutions for mission-critical field operations ▪ Industrial (Rail, O&G, Utilities) End-to-End Solutions ▪ Government (Public Safety, DoD) & Agriculture ▪ Le
Slide 12: Deal Summary
American Robotics | Deal Summary ▪ Acquisition expected to close in Q3 2021 ▪ Key Deal Terms: Cash $7,500,000 Promissory note 2,000,000 Total Cash $9,500,000 Common shares 6,750,000 Shares underlying warrants 1,875,000 Total Shares 8,625,000 Note: The acquisition is subject to customary closing cond
Slide 13: American Robotics Overview
American Robotics | Overview Speaking FAA Approves First Fully Automated Commercial Drone Flights “American Robotics will lay the groundwork for advances and accelerated growth of the industry” Reese Mozer Founder & CEO M.S., Carnegie Mellon
Slide 14: The Key Commercial Drone Problem Solved
American Robotics | The Key Commercial Drone Problem Solved $100B+(1) POTENTIAL | NO SCALABLE SOLUTION CURRENTLY ON THE MARKET Why is this huge market underpenetrated today? The manual drone The answer is two-fold: operation loop Problem 1 Problem 2 Manually operated drones not Default FAA regulatio
Slide 15: The Scout System
American Robotics | The Scout System™ Fully-automated, AI-powered drone system capable of continuous, unattended operation. Critical Scout System Features A fleet of connected, weatherproof Scouts™ remain indefinitely in an area of operation, autonomously collecting data each day, self-charging, and
Slide 16: Exclusive FAA Approvals Critical to Commercial Markets
American Robotics | Exclusive FAA Approvals Critical to Commercial Markets First mover advantage defended by critical IP, trade secrets, and experience FAA Approves Commercial Drone Flights with No On-Site Pilots "This week’s authorization marks a seminal legal milestone, one that paves the way for
Slide 17: $100+ Billion Addressable Market
American Robotics | $100+ Billion Addressable Market Source: PWC, May 2016 17
Slide 18: Customer Pipeline
American Robotics | Customer Pipeline 18
Slide 19: Robot-as-a-Service (RAAS)
American Robotics | Robot-as-a-Service (RAAS) True automation allows for a complete solution and attractive business model RaaS model bundles hardware, software, operations, and maintenance into one annual subscription fee. This has two effects: (1) It lowers the annual cost of data acquisition via
Slide 20: Economics of Automation
American Robotics | Economics of Automation Average cost of drone pilot is $150 per hour Pilot cost ranges from $100 - $500 per hour (source: Drone Deploy) 20
Slide 21: Scout System Unit Economics
American Robotics | Scout SystemTM Unit Economics Note: For illustrative purposes only; Actual results may differ materially. (3) (2) (1) 21
Slide 22: Potential ARR
American Robotics | Potential ARR U.S Market Only1,2,3,4 22
Slide 23: Highly Strategic Fit
American Robotics | Highly Strategic Fit Acquisition enhances Ondas MC-IoT platform value in Industrial markets ▪ Scout™ is best-in-class, turnkey drone platform ▪ Drone is a valuable data gathering Edge device in a MC-IoT Network ▪ Integrated platform solution (drone + network) solves critical prob
Slide 24: Important Disclosures
Important Disclosures Additional Information about the Transaction and Where to Find It In connection with the proposed transaction described herein, Ondas intends to file relevant materials with the SEC, including a preliminary proxy statement and, when available, a definitive proxy statement. Prom
Slide 25: Important Disclosures: Participants in the Solicitation
Important Disclosures Participants in the Solicitation Ondas and its directors and executive officers may be deemed participants in the solicitation of proxies from Ondas’ stockholders with respect to the transaction. The names and other information about those directors and executive officers and a
Slide 26: American Robotics: Enabling Mission-Critical IoT
AMERICAN ROBOTICS ENABLING MISSION-CRITICAL IOT Business Update | May 2021