Significant Military Orders
Ondas Autonomous Systems secured $14.4 million in orders for Iron Drone Raider and Optimus platforms, marking entry into military markets and establishing Iron Drone Raider as a revenue-generating technology platform.
Expansion into Military and Defense Markets
The expansion into global military markets increased the Total Addressable Market (TAM) and Serviceable Obtainable Market (SOM) for Ondas Autonomous Systems.
Railroad Network Developments
Ondas Networks and Siemens secured orders for a 900 MHz network upgrade with Metra, signaling adoption of the dot16 wireless standard by North American railroads.
Improved Financial Position
Ondas raised additional funds and expects improved cash efficiency in Q4 due to cost controls and expected revenue growth.
Dubai Operations Expansion
Optimus drone network operations in Dubai are expanding, demonstrating successful public safety urban drone action.