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Big Law

Wireless Provider, Ondas Holdings, Announces Merger with Israeli Company, Airobotics

 Ondas Holdings 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”), announced today that it has entered into a definitive merger agreement to acquire AIROBOTICS Ltd. (AIRO) (“Airobotics”), a leading Israeli developer of autonomous unmanned aircraft systems (“UAS”) and automated data analysis and visualization platforms.

“I am thrilled to welcome Meir Kliner and the entire Airobotics team to Ondas,” said Eric Brock, Chairman and CEO of Ondas. “Airobotics brings Ondas incredible talent, along with the Optimus System, a proven, world class automated drone platform, which is highly complementary to AR’s market-leading Scout System™. The combination of Airobotics with American Robotics is a seminal event in the drone sector, creating a leading global provider of commercial drone solutions capable of scaling for customers. We believe the UAS industry will consolidate as the market transitions from development to growth. We will continue to position American Robotics to drive the technical and regulatory leadership required to lead this market.”

 

Read the source article at accesswire.com

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