Ondas Inc. (NASDAQ: ONDS)

Ondas, Inc. is a defense security and critical infrastructure technology company. It operates through three business units: Ondas Autonomous Systems which develops autonomous aerial and ground systems; Ondas Networks which provides mission critical private wireless connectivity; and Ondas Capital which focuses on strategic investments and partnerships. The company designs integrates and fields solutions that combine autonomy secure communications and data analytics for government and industrial customers.

Revenue comes from the sale of autonomous systems hardware and related services such as training maintenance and support. Ondas Networks generates income from the sale of its FullMAX software defined radio platform from subscription based data as a service offerings and from licensing royalties on its patented technology. Ondas Capital contributes through returns on investments and fees from partnership arrangements.

The company operates through the following segments: Ondas Autonomous Systems Ondas Networks and Ondas Capital.

• Ondas Autonomous Systems designs builds and integrates autonomous aerial and ground platforms including the Optimus system for persistent surveillance the Iron Drone interceptor for counter drone missions and ground vehicles for logistics and reconnaissance it also provides sensor payloads command and control software and field services to deliver turnkey mission solutions.

• Ondas Networks offers the FullMAX software defined radio platform that enables secure wide area wireless connectivity for industrial internet of things applications the company sells hardware provides software maintenance and offers data as a service and licensing arrangements to rail utilities oil and gas and other critical infrastructure operators.

• Ondas Capital focuses on strategic investments partnerships and capital formation activities that support technology development market access and long term value creation across the Ondas platform it seeks returns through equity stakes revenue sharing and advisory fees.

Ondas occupies a niche at the intersection of autonomous systems and secure communications for defense and critical infrastructure markets its integrated approach gives it an edge over firms that offer only hardware or only connectivity the company benefits from early regulatory approvals such as the FAA type certification for its Optimus system and from a portfolio of patents that protect its core technology.

The company serves government agencies including defense departments homeland security and public safety organizations as well as operators of critical infrastructure such as railroads electric utilities oil and gas firms and water and wastewater utilities.