Ondas holdings reports first quarter 2024 financial results

Ondas networks entered into $2.8 million agreement with industry partner to provide on-locomotive radio upgrade in the 220 mhz frequency band to support positive train control (ptc) safety applications for key northeast corridor passenger railroad ondas networks achieved successful systems integration milestones in 900 mhz with both a large class i railroad customer and a regional commuter railroad; initial system-wide order received by distribution partner from regional commuter railroad in the southwest for 900 mhz wireless network upgrade airobotics continues to expand in the middle east with new purchase orders in dubai and israel and expansion in europe with optimus system and iron-drone raider; american robotics advanced market activity in us market with optimus system networks, partnering with governmental entities and critical infrastructure facilities received initial order for iron-drone raider platform from defense company; additional orders expected conference call scheduled for today at 8:30 a.m. et marlborough, ma / accesswire / may 15, 2024 / ondas holdings inc. (nasdaq:onds) ("ondas" or the "company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, reported financial and operating results for the first quarter ended march 31, 2024.
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