March 7, 2023
WALTHAM, Mass. & DUBAI & PETAH TIKVAH, Israel– 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”) completed the acquisition of the assets of Iron Drone Ltd., an Israeli-based company specializing in the development of autonomous counter-drone systems, effective March 6, 2023. Iron Drone’s new system will be presented March 7 – 9 at the World Police Summit in Dubai. Ondas will integrate Iron Drone’s counter-drone technology within its business unit, Ondas Autonomous Systems. Together with the Optimus System™, Ondas is offering a government-grade drone solution for security and critical infrastructure protection and monitoring, specifically when deployed for homeland security applications for protection of critical assets in complex commercial environments.
The completed transaction represents a new revenue opportunity for Ondas as it signifies the Company’s entrance into the promising and rapidly growing public safety, homeland security, and defense markets. Combined, the companies will provide customers in smart city, defense, and industrial markets with an advanced and unique integrated security platform capable of intercepting hostile drones in various theaters such as airports, populated areas, critical infrastructure, and more. The Iron Drone technology will be available to customers as a standalone technology offering and as an addition to the Optimus System™ Urban Drone Infrastructure.
Source: sUAS News