Ondas Holdings Inc.
Ondas Holdings Announces Strategic Investment in Rift Dynamics
Summary
Ondas Holdings Inc. announced a strategic investment in Rift Dynamics AS, a Norway-based defense technology company specializing in affordable, mass-producible combat drone systems. This partnership will see Ondas exclusively distribute Rift's Wåsp platform to the U.S. defense market, enhancing its autonomous systems portfolio. Ondas plans to place an initial order of 500 Wåsp systems, with expected availability by October. Ondas' CEO, Eric Brock, is expected to join the Rift Dynamics Board of Directors upon closing of the agreement.
Profitelligence Alerts
Get alerts for ONDS
Be first to know when Ondas Holdings Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Ondas Holdings Inc.
Ondas Holdings Inc. is a technology company specializing in advanced wireless networking solutions. The company's primary function is to develop and provide mission-critical networking infrastructure for the Industrial Internet of Things (IIoT). Ondas Holdings offers its proprietary FullMAX radio platform, which is designed for secure, reliable, and extensive coverage networking in open and challenging environments, making it particularly suitable for industrial and commercial sectors. The industries it impacts include utilities, transportation, and public safety, among others, by providing robust wireless communication networks that enhance operational efficiencies and safety protocols. Ondas Holdings is significant in the market for its innovative approach to addressing the unique communication needs of large-scale enterprises, driving the digital transformation of traditional industries towards more connected and data-driven operations.
Official SEC Documents
Advertisement