Feb. 10, 2023
Ondas Holdings Inc. (NASDAQ:ONDS) (“Ondas” or the “Company”), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary Airobotics, Ltd. (“Airobotics”) and Sky Go Transport of Goods L.L.C (“SkyGo”), a UAE-based company with commercial license to provide unmanned aerial transport of goods and services across the city of Abu Dhabi, have signed a Term Sheet for Joint Venture (the “SkyGo JV”) to provide aerial drone services to the city of Abu Dhabi. As a part of the partnership, Airobotics, subject to the finalization of required formalities, has received an initial multi-system purchase order for $3.5 million from SkyGo. The purchase order is conditioned by the completion of proof of concept.
Through the SkyGo JV, Airobotics and SkyGo (subject to the necessary approvals and permits) will deploy Optimus Systems at Industrial and Municipal sites, leveraging the autonomous Optimus System drone platform for various services and capabilities. Airobotics and SkyGo expect to deploy more than 20 systems across Abu Dhabi over the next few years. The Term Sheet with SkyGo comes after the acquisition of Airobotics by Ondas. The SkyGo JV initiative was developed and advanced by our strategic partner DoverTower DMCC, a UAE company that specializes in large-scale tech partnerships in the country & the region.
Source: sUAS News