Ondas Holdings Establishes ONBERG Autonomous Systems

By Chris Stiles • Wednesday, March 18 11:46 • Permanent Link

Ondas Holdings Inc. (NASDAQ: ONDS) and HD Advanced Technologies GmbH (HDAT), a subsidiary of Heidelberger Druckmaschinen AG (HEIDELBERG), have officially established a joint venture known as ONBERG Autonomous Systems. The joint venture is focused on delivering autonomous drone defense and security systems in Germany and Ukraine, with plans to expand its services across the European Union.

Key Metrics: Established joint venture ONBERG Autonomous Systems Initial deployment efforts to focus on marketing and deployment in Germany and Ukraine Development of European supply chains to support sovereign production Planned permanent establishment of sales, development, and industrial production capabilities in Germany

Financials: Ondas has formed a joint venture with HD Advanced Technologies GmbH, a subsidiary of Heidelberger Druckmaschinen AG The joint venture aims to deliver autonomous drone defense and security systems in Germany and Ukraine * Plans to expand services across the European Union

Future Plans: The joint venture will prioritize the marketing and deployment of the Iron Drone Raider and ISR platforms in Germany and Ukraine The roadmap includes the permanent establishment of sales, development, and industrial production capabilities in Germany to support scalable delivery across EU markets The market has reacted to these announcements by moving the company's shares -5.15% to a price of $12.16. For more information, read the company's full 8-K submission here.

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