Aerial tech and communications group Ondas Holdings has announced the establishment of Ondas Autonomous Holdings (OAH) — a new, wholly-owned subsidiary that would oversee drone sector subsidiaries American Robotics and Airobotics.
The creation of OAH was planned so that Ondas could have additional organizational flexibility to support the management and financing of its fast-growing drone business unit. On a preliminary, unaudited basis, American Robotics and Airobotics generated around $9 million in revenue for Ondas last year.
The company, at present, has two cash cows. First, there are automated fleets of Optimus drones that are being commercially deployed as urban drone infrastructure for smart city and public safety applications. This drone was also recently awarded airworthiness Type certification by the FAA, unlocking expanded operations over people, roads, and critical infrastructure.
The other drone sector moneymaker for Ondas is the Iron Drone Raider. It is an autonomous counter-drone system designed to protect critical infrastructure, borders, and people from the threats posed by hostile drones.
“From here, we see a unique opportunity to provide a broader set of scalable global solutions through the integration of proven technical platforms with the infrastructure, field services, and regulatory expertise required to define the next phase of growth in the global drone economy,” says Eric Brock, chairman and CEO of Ondas Holding.
As drone technologies mature and drone regulations advance, Brock is convinced that the drone sector is entering a very strong investment cycle. Ondas, he says, is at the forefront of a pivotal moment in the aviation and data industries, with its leadership in expanding automated beyond visual line of sight (BVLOS) operations globally via the Optimus and Iron Drone Raider drone platforms.
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