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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 6, 2023
Ondas Holdings Inc.
(Exact name of registrant as specified in its charter)
Nevada |
|
001-39761 |
|
47-2615102 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
411 Waverley Oaks Road, Suite 114, Waltham,
MA 02452
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including
area code (888) 350-9994
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
Common Stock par value $0.0001 |
|
ONDS |
|
The Nasdaq Stock Market LLC,
Tel Aviv Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by checkmark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On September 6, 2023,
Ondas Holdings Inc. issued a press release announcing that the U.S. Federal Aviation Administration has granted the Optimus-1EX system
a Type Certificate that will streamline operational approvals for broad flight operations over people and infrastructure. A copy of the
press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 6, 2023 |
ONDAS HOLDINGS INC. |
|
|
|
|
By: |
/s/ Eric A. Brock |
|
|
Eric A. Brock |
|
|
Chief Executive Officer |
2
Exhibit 99.1
Ondas Holdings’ Airobotics Optimus 1-EX
Drone Receives Historic U.S. FAA Type Certification, Paving Way for
Security and Data Capture Innovation
Optimus-1EX Uncrewed Aircraft is the first non-air
carrier drone designed for autonomous security and data capture that has been granted Type Certification by the Federal Aviation Administration
(FAA)
Type Certification, recognized as the highest
echelon of Airworthiness Certification, will streamline approval of drone fleet deployments across American cities and urban zones for
critical functions such as Public Safety and other vital services
The FAA’s Associate Administrator for
Aviation Safety is expected to announce the Type Certificate approval during a keynote
today at the Commercial UAV Expo held in Las Vegas
Waltham, MA / September 6, 2023 / Ondas
Holdings Inc. (NASDAQ: ONDS) (“Ondas” or the “Company”), a leading provider of private industrial wireless networks,
commercial drones and automated data solutions, announced today that the U.S. Federal Aviation Administration (FAA) has granted the Optimus-1EX
system a Type Certificate that will streamline operational approvals for broad flight operations over people and infrastructure. The certification
verifies the compliance of the system’s design with the required FAA airworthiness and noise standards, ensuring safe operation
within the National Airspace System (NAS) thereby significantly broadening the range of operational scenarios and scaling up of operations
for automated Uncrewed Aircraft (UAs). David Boulter, the FAA’s Associate Administrator for Aviation Safety, is expected to announce
the Type Certificate award during the keynote session Wednesday morning at the Commercial UAV Expo being held in Las Vegas.
The first-of-its-kind certification for a non-air
carrier UA was achieved after four years of intensive engineering and operational review processes conducted by the FAA. The Optimus System
is already operating regularly in urban environments in the United Arab Emirates (UAE). Ondas plans to leverage their experience in the
UAE, and their newly type-certificated vehicle, to conduct similar operations in urban environments across the U.S., aligning with the
Company’s vision of deploying fleets of Optimus Systems as a permanent drone infrastructure. This infrastructure aims to provide
Smart City solutions, enhance public safety, enable Drone as a First Responder (DFR) capabilities, and offer various commercial and industrial
aerial data services.
“We are thrilled to announce that our Optimus
System has met all of the specific airworthiness and noise standards set by the FAA,” said Eric Brock, Chairman and CEO of Ondas.
“Now available in the United States through American Robotics, we extend a warm welcome to visionary municipalities and public safety
departments, as well as commercial and industrial entities eager to harness this certified technology for taking drone aerial security
and data to the next level of automation for digital transformation within a wide variety of environments. We invite you to join us in
embracing a new era of autonomous drone operations.”
Type Certificates hold significant importance
and value in the aviation industry. The certification process is designed to ensure that aircraft and components meet specific airworthiness
standards set by the regulatory authority. The FAA initially began working with leading commercial drone manufacturers, including Airobotics,
on the type certification process in 2019. Airobotics, focused on data capturing in urban environments, stands as the first non-air carrier
vehicle to achieve it among numerous companies pursuing UAS type certification with the FAA. The Optimus System ranks among the most mature
automated drone platforms in the market in terms of proven reliability, safety, and value. Ondas believes the Type Certificate presents
a game-changing solution for local governments and commercial entities seeking to streamline aerial data capture using a safe and certified
airworthy UAS.
“Obtaining a Type Certificate brings major
benefits for Airobotics as a drone manufacturer,” said Meir Kliner, Airobotics’ CEO. “The current drone operations under
Part 107 waivers allow certain deviations from applicable regulations for specific drone operations. However, UAs without an airworthiness
certificate face great obstacles in obtaining waivers to operate over people. This market advantage instills confidence in potential customers
and regulatory agencies regarding Optimus’ safety and compliance. Type certified Optimus-1EX drones will soon be operated in a broader
range of scenarios, including safely over human beings. We believe the market potential for Urban Drone Infrastructure, featuring Smart
City and DFR use cases, is immense, and we are enthusiastic about driving the adoption of our platform solutions across the U.S.”
“The FAA evaluated
the Optimus System through comprehensive flight testing, conformity inspections, design reviews, and the submission of detailed documentation
and manuals,” said Niv Russo, Airobotics’ VP of Aviation & Regulation. “We have completed this pioneering process,
which was previously unavailable for uncrewed aircraft, in collaboration with a dedicated FAA team. I wish to extend our appreciation
and gratitude to the skilled FAA professionals whose contributions have significantly enriched our journey of growth and learning.”
Already deployed in the UAE and Israel, the Optimus
System relies on fleets of automated drones that operate without on-the-ground human intervention. These drones function as a task force,
simultaneously collecting and providing critical information for various customer requirements. Each Optimus System, networked as fleet
infrastructure, includes a smart airbase enabling automated battery changes for 24/7 operations. It also facilitates automated loading
and installation of sensors suited for each specified mission. Optimus drones cover a perimeter of up to 30 square miles surrounding an
airbase. Drone flights can be tasked with specific sensors, enabling diverse tasks within the fleet. Complex, longer-term operations can
be activated, overseen by remote operators in a command-and-control center.
About Ondas Holdings Inc
Ondas Holdings Inc. (“Ondas”) is a
leading provider of private wireless data solutions via Ondas Networks Inc. (“Ondas Networks”) and commercial drone solutions
through American Robotics, Inc. (“American Robotics” or “AR”) and Airobotics LTD (“Airobotics”), which
we operate as a separate business unit called Ondas Autonomous Systems.
Ondas Networks is a developer of proprietary,
software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks’
standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications
by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. 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 of mission critical applications.
Our Ondas Autonomous Systems business unit designs,
develops, and markets commercial drone solutions via the Optimus System™, and the Iron Drone Raider™ (the “Autonomous
Drone Platforms”). The Autonomous Drone Platforms are highly automated, AI-powered drone systems capable of continuous, remote operation
and are marketed as “drone-in-a-box” turnkey data solution services. They are deployed for critical industrial and government
applications where data and information collection and processing are required. The Autonomous Drone Platforms are typically provided
to customers under a Robot-as-a-Service (RAAS) business model. American Robotics and Airobotics have industry leading regulatory successes
which include having the first drone system approved by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) without a
human operator on-site.
Ondas Networks, American Robotics and Airobotics
together provide users in oil & gas, rail, mining, agriculture, public safety and other critical infrastructure and government markets
with improved connectivity and data collection and information processing capabilities.
For additional information on Ondas Holdings,
visit www.ondas.com or follow Ondas Holdings on Twitter and LinkedIn. For additional information on Ondas Networks, visit www.ondasnetworks.com
or follow Ondas Networks on Twitter and LinkedIn. For additional information on American Robotics, visit www.american-robotics.com or
follow American Robotics on Twitter and LinkedIn. For additional information on Airobotics, visit www.airoboticsdrones.com or follow Airobotics
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 U.S. Securities and Exchange Commission.
Forward-Looking Statements
Statements made
in this release that are not statements of historical or current facts 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 about 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 as a result of a number of factors, including the risks
discussed under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our
most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our
Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas
Holdings Inc.
888.350.9994 x1019
ir@ondas.com
Media Contact for Ondas
Preston Grimes
Marketing Manager, Ondas Holdings Inc.
preston.grimes@ondas.com
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Ondas (NASDAQ:ONDS)
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