Products to be sold and marketed by Siemens under the Airlink brand to Canadian freight and transit customers
WALTHAM, MA/ACCESSWIRE/September 14, 2022/ Ondas Holding Inc. (NASDAQ: ONDS) (“Ondas” or the “Company”), a leading provider of private wireless, drone and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc. (“Ondas Networks ) and American Robotics, Inc. (“American Robotics” or “AR”), today announced that Ondas Networks has received approval from the Canadian government to sell its 900 MHz Advanced Train Control System platform . The ATCS platform, which had already been introduced to the US market, is now available for deployment throughout the Canadian rail system. The products will be sold and marketed by Siemens Mobility under their Airlink brand to Canadian freight and transit customers.
Siemens Mobility has been providing solutions to the transportation industry in Canada for over 40 years and in 2021 acquired RailTerm, a leading provider of rail services to Canadian rail and transit agencies. The clearance is another important step in broadening the adoption of 900 MHz products jointly developed by Ondas and Siemens to meet the communication needs of the North American rail market. Ondas will provide marketing and customer support for Siemens in the Canadian rail market.
About Ondas Management Inc.
Ondas Holdings Inc. (“Ondas”) is a leading provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. (“Ondas Networks”) and American Robotics, Inc. ( “American Robotics” or “AR”). Ondas Networks is a developer of software-based proprietary wireless broadband technology for established and emerging large industrial markets. Ondas Networks’ standards-based (802.16s), multi-patented, software-defined FullMAX radio platform enables mission-critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of wireless networks current licensed private. Ondas Networks customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range critical applications. American Robotics designs, develops and markets industrial drone solutions for rugged real-world environments. AR’s Scout System™ is a highly automated, AI-powered drone system capable of continuous remote operation and is marketed as a turnkey “drone-in-a-box” data solution service in the framework of a Robot-as-a-Service (RAAS) business model. The Scout System™ is the first drone system approved by the FAA for automated operation beyond line of sight (BVLOS) without a human operator on site. Ondas Networks and American Robotics together provide users in the rail, agricultural, utility and critical infrastructure markets with enhanced connectivity and data collection capabilities.
For more information about Ondas Networks and Ondas Holdings, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. For more information about American Robotics, visit www.american-robotics.com or follow American Robotics on Twitter and LinkedIn.
Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the United States Securities and Exchange Commission.
Statements made in this release that are not statements of historical or current fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations regarding future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements due to a number of factors, including the risks discussed under “Risk Factors” discussed under “Article 1A”. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with SECOND. We undertake no obligation to publicly update or revise any forward-looking statements, whether to as a result of new information, future or other events that occur after that date, except as required by law.
Derek Reisfield, President and Chief Financial Officer
Ondas Holding Inc.
Contact with Investor Relations:
Cody Cree and Matt Glover
Gateway Group, Inc.
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