Israel Innovation Authority Awards Ondas $1M for Anti-Drone Development

Eric Brock, Ondas Chairman and CEO

Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless networks and commercial drone solutions, today announced that the Israel Innovation Authority (IIA) has awarded a NIS 3.8 million (approximately $1 million) grant to support further development of its Iron Drone Raider counter-uncrewed aircraft system (UAS) owned by its wholly-owned subsidiary, Airobotics LTD.("Airobotics").

In early 2023, Airobotics acquired the assets of Iron Drone, an Israeli company known for its autonomous counter-drone technology. The Iron Drone Raider, which combines AI-driven detection and interception, can integrate seamlessly with existing detection systems to counter unauthorized drones. Through precise, autonomous actions, the Raider intercepts hostile drones using a specialized interception drone and docking station capable of managing multiple drone threats.

"We're honored by the Israel Innovation Authority's recognition of our technology and commitment to advancing the counter-drone market," said Eric Brock, Chairman and CEO of Ondas. "Israel remains at the forefront of aerospace innovation, and we're pleased to have the IIA's support as we expand the capabilities of the Iron Drone Raider."

Meir Kleiner, CEO of Airobotics, added, "With rising incidents of small drones being used by various entities to target critical infrastructure, public spaces, and high-profile events, the need for effective counter-drone solutions has never been greater. This funding enables us to accelerate enhancements to the Iron Drone Raider, adding high-value features to better meet today's complex security demands."

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