by DRONELIFE Staff Writer Ian M Crosby | July 6, 2022
Ondas Holdings Inc., the parent company of Ondas Networks and American Robotics, announced that it has signed a term sheet to acquire leading Israeli unmanned aircraft system (UAS) developer Airobotics.
The acquisition of Airobotics would aid in the advancement of American Robotics’ technical development and regulatory roadmap, as well as expand the breadth of applications, use cases and vertical markets AR targets.
Ondas Holdings [NASDAQ:ONDS] is one of the holdings in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV). AdvisorShares is a DRONELIFE sponsor.
“Airobotics’ Optimus System is a sophisticated automated drone platform designed for high- value use cases in industrial, homeland security and smart city services markets,” said Ondas Chairman and CEO Eric Brock. “The proposed acquisition of Airobotics will provide strategic technology, regulatory, and business capabilities to both American Robotics and Ondas Networks, opening new geographies and end markets and further strengthening our ability to deliver complete end-to-end solutions for customers on a global scale. This opportunity demonstrates the leadership role Ondas Networks and American Robotics currently have in defining next-generation, mission-critical industrial data solutions and signals a new growth phase for the commercial drone sector.”
Source: DroneLife