Ondas Holdings Inc. Reports Record Bookings in Q3

Iron Drone Raider and Optimus System Stand Out

In a major milestone for Ondas Holdings Inc., the company announced its largest bookings in history during Q3, totaling $14.4 million in purchase orders. The majority of these orders came from a significant military customer for the Iron Drone Raider and Optimus System autonomous drone platforms.

Iron Drone Raider: A Game-Changing Solution

The Iron Drone Raider has quickly emerged as a best-in-class ‘hard kill’ counter drone solution, addressing the urgent need for protection against hostile drones. Its innovative technology and superior performance have set it apart in the market, making it a top choice for military and defense applications.

Another notable achievement for Ondas Holdings Inc. in Q3 was securing an order from Metra, Chicago’s primary commuter rail system, for a system-wide 900 MHz upgrade. This achievement was made possible through a partnership with Siemens, showcasing Ondas’ ability to deliver reliable and effective solutions for critical infrastructure.

Furthermore, railroads have communicated plans for a general purpose 900 MHz network architecture to be deployed to support resilient rail operations. This strategic initiative aligns with Ondas’ commitment to providing cutting-edge technologies that enhance operational efficiency and safety in the transportation industry.

Conference Call Scheduled for Today

Investors and stakeholders are encouraged to join the conference call scheduled for today at 8:30 a.m. ET to learn more about Ondas Holdings Inc.’s financial and operating results for the third quarter of 2024.

Conclusion

The record bookings in Q3 signify a significant achievement for Ondas Holdings Inc., demonstrating the company’s continued growth and success in the industrial wireless networks and autonomous systems market. With innovative solutions like the Iron Drone Raider and Optimus System leading the way, Ondas is well-positioned to drive advancements in critical industries and contribute to a safer and more efficient future.

How This Will Affect Me

Personal Impact

As a consumer, the advancements made by Ondas Holdings Inc. in autonomous drone technology and industrial wireless networks could lead to improved safety and efficiency in various sectors, potentially enhancing your overall experience in transportation and other critical infrastructure services.

How This Will Affect the World

Global Impact

Ondas Holdings Inc.’s record bookings and innovative solutions have the potential to drive significant changes in military defense, transportation, and other industries worldwide. The adoption of advanced technologies like the Iron Drone Raider and Optimus System can contribute to enhanced security, operational efficiency, and overall progress on a global scale.