Form 8-K Ondas Holdings Inc. To: October 11
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Ondas Holdings Inc. announces strategic partnership with Dynam.AI
Partnership reinforced by Ondas’ strategic investment in Dynam.AI
NANTUCKET, MA, October 11, 2021 – Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of private wireless data and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc . (“Ondas Networks”) and American Robotics, Inc. (“American Robotics” or “AR”), today announced that American Robotics has entered into a strategic partnership with Dynam.AI (âDynamâ), a leading developer of artificial intelligence (âAIâ) and machine learning (âMLâ) technologies. The partnership is focused on the development of data analytics and related platform tools to enhance the AI ââ/ ML capabilities of American Robotics. Partnership expands AR’s portfolio of advanced AI-powered analytics, while helping Dynam to further develop Vizlab â¢, Dynam’s proprietary AI / ML platform – an advanced development toolkit for data scientists. As part of this partnership and in recognition of the long-term strategic fit, Ondas took a minority stake in Dynam.
Dynam’s combination of highly experienced AI researchers and proprietary Vizlab â¢ AI / ML deployment technology will enable American Robotics to integrate the latest artificial intelligence techniques into its products and customer engagements. The Vizlab â¢ platform provides advanced tools for automation with a physics-driven approach to AI predictive analytics, reasoning and explainability, which are in demand and currently unavailable in the market current. Basically, we believe Dynam’s proprietary platform approach offers the potential to accelerate the execution of very complex AI / ML projects by more than three times.
âData is the next competitive frontier for our industrial and government customers and Ondas and American Robotics are supporting them by investing in turnkey solutions,â said Eric Brock, President and CEO of Ondas Holdings Inc. âWe are thrilled to partner with Diana Shapiro and her team at Dynam as we define these next-generation critical data solutions in the field. We believe that partnering with Dynam will allow us to embed advanced AI / ML capabilities faster and deeper as we grow with customers, âcontinued Mr. Brock.
âWe are delighted to welcome American Robotics and Ondas as a strategic partner and shareholder,â said Diana Shapiro, CEO of Dynam. âWe see this as important proof of the value of Dynam solutions as the demand for and adoption of advanced AI solutions continues to grow. Dynam’s innovative approach and physics-based algorithms unleash the value of our partner’s data to harness intelligence and innovation, thus advancing their technology leadership, âcontinued Ms. Shapiro.
The strategic partnership with American Robotics
American Robotics has agreed to use Dynam.AI solutions to further develop its advanced data analysis platform and extend its RaaS offerings with detection, analysis and prediction. âWe have significant demand for the development of new AI / ML applications and we believe this partnership allows American Robotics to accelerate our development with highly sought-after strategic talent,â said Reese Moser, CEO of American Robotics . âDeveloping ecosystems, like our relationship with Dynam, is entirely focused on creating value in our Robot-as-a-Service offering to customers,â continued Mr. Moser.
All solutions will be developed within the Dynam.AI Vizlab â¢ platform for data scientists to deepen the growing list of data libraries, complex analytical models and algorithmic functionality of the technology.
About Ondas Holdings Inc.
Ondas Holdings Inc. (“Ondas”) is a leading provider of private wireless data and automated data solutions through its wholly owned subsidiaries Ondas Networks Inc. (“Ondas Networks”) and American Robotics, Inc. (“American Robotics” or “AR”). Ondas Networks is a developer of proprietary wireless broadband software technologies for large, established and emerging industrial markets. Ondas Networks’ multi-patented, software-defined, standards-based (802.16s) FullMAX radio platform enables mission critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of legacy networks without Today’s licensed private thread. End markets for Onda Networks customers include railways, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands cover a wide range critical applications. American Robotics designs, develops and markets industrial drone solutions for harsh and real environments. AR’s Scout System â¢ is a highly automated, AI-powered drone system capable of continuous operation and remotely. business model. The Scout System â¢ is the first drone system approved by the FAA for automated beyond visual line of sight (BVLOS) operation without a human operator on site. Together, Ondas Networks and American Robotics provide users in the rail, agriculture, utilities and critical infrastructure markets with enhanced connectivity and data collection capabilities.
For more information on Ondas Networks and Ondas Holdings, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. For more information on American Robotics, visit www.american-robotics.com or follow American Robotics on Twitter and LinkedIn.
Information on our websites and social media platforms is not incorporated by reference in this press release or in any of our filings with the United States Securities and Exchange Commission.
Backed by Vizlab â¢, our workshop for machine learning models and tools, Dynam.AI data scientists help customers apply advanced AI solutions to solve complex, real-world problems. Our experts provide clients with multidisciplinary scientific methodologies that deliver superior results in a rapid and reliable deployment approach. Since our founding, we’ve delivered tangible impact through artificial intelligence to organizations spanning industries such as biotechnology, manufacturing, retail, security, and medical devices. For more information, see https://www.dynam.ai.
Statements made in this press release that are not statements of historical or current fact 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 regarding upcoming 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 forward-looking statements due to a number of factors, including the risks discussed under âRisk Factorsâ discussed under âArticleâ. 1A. Risk Factors âin Part I of our most recent Annual Report on Form 10-K or any update discussed underâ Section 1A. Risk Factors âin Part II of our Quarterly Reports on Form 10-Q and in our other documents filed with SECOND. We assume 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 this date, except as required by law.
Investor contact: Stewart Kantor, CFO Ondas Holdings Inc. 888.350.9994 ext. 1009
Source: Ondas Holdings Inc.