Form 8-K Ondas Holdings Inc. For: Oct 11
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Ondas Holdings Inc. announces strategic partnership with Dynam.AI
Partnership strengthened by a strategic investment by Ondas 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”) announced today that American Robotics has entered into a strategic partnership with Dynam.AI (“Dynam”), a leading developer of artificial intelligence (“AI”) and machine learning (“ML”) technologies. The partnership focuses on developing data analytics and related platform tools designed to enhance American Robotics’ AI / ML capabilities. This partnership expands the portfolio of AI-driven analytics technologies while helping Dynam further develop Vizlab ™, Dynam’s own AI / ML platform, an advanced set of tools for developers for data scientists. In connection with the partnership and in recognition of its long-term strategic suitability, Ondas has invested in minority capital in Dynam.
Dynam’s combination of experienced AI researchers and Vizlab’s own AI / ML deployment technology will give American Robotics the ability to integrate the latest artificial intelligence techniques into its products and customer engagements. The Vizlab ™ platform provides advanced automation tools with a physics-led approach to predictive analysis, reasoning, and explanation of AI that are sought after and currently not available on the market today. We basically believe that Dynam’s patented platform approach offers the ability to accelerate the execution of very complex AI / ML projects by more than three times.
“Data is the next competitive frontier for our industry and government customers, and Ondas and American Robotics support it by investing in turnkey solutions,” said Eric Brock, chairman and CEO of Ondas Holdings Inc. “We are excited to be we partner with Diana Shapiro and her team at Dynam as we define these critical next-generation on-site data solutions. We believe that the partnership with Dynam will allow us to integrate advanced AI / ML capabilities faster and more in-depth as we scale with customers, ”continued Mr. Brock.
“We are pleased to welcome American Robotics and Ondas as our strategic partner and shareholder,” said Diana Shapiro, CEO of Dynam. “We see this as an important sign of the value of Dynam solutions, as demand for and adoption of advanced AI solutions continues to grow. Dynam’s new approach and physics-based algorithms unlock the value of our partners’ data to master intelligence and innovation, improving their technological leadership, ”continued Ms. Shapiro.
The strategic partnership with American robotics
American Robotics has agreed to use Dynam.AI’s solutions to further build its advanced data analysis platform and to expand its RaaS offerings with discovery, analysis and forecasting. “We have significant demand for the development of new AI / ML applications, and we believe that this partnership allows American Robotics to accelerate our development with strategic, highly sought-after talent,” said Reese Moser, CEO of American Robotics. “The development of ecosystems, as our relationship with Dynam, is entirely focused on the leading value in our offer of Robot as a customer service,” continued Mr. Moser.
All solutions will be developed within the Dynam.AI Vizlab ™ platform for data researchers to expand the rapidly growing list of data libraries, sophisticated analytical models and algorithmic functionalities 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 the developer of its own software-based wireless broadband technology for large established and emerging industrial markets. Ondas Networks’ standards-based (802.16s), multi-patented, software-defined FullMAX radio allows for critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. Ondas Networks’ end customers include railways, utilities, oil and gas, transportation, aviation (including drone operators), and government agencies whose requirements cover a wide range of critical applications. American Robotics designs, develops and markets industrial solutions for unmanned aerial vehicles for healthy, real environments. AR’s Scout System е is an AI-powered, highly automated unmanned aerial vehicle system capable of continuous, remote operation and marketed as a turnkey unmanned in-box data transmission service within a robot as a service (RAAS ) business model. Scout System ™ is the first unmanned aerial vehicle system approved by the FAA for automated off-line vision (BVLOS) without a human operator on site. Ondas Networks and American Robotics together provide users in the rail, agricultural, utilities and critical infrastructure markets with improved connectivity and data collection capabilities.
For more information on the Ondas and Ondas Holdings networks, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. For more information about American Robotics, visit www.american-robotics.com or follow American Robotics on Twitter and LinkedIn.
The information on our websites and social media platforms is not incorporated by reference in this publication or in any of our documents in the US Securities and Exchange Commission.
Empowered by Vizlab ™, our desktop for machine learning models and tools, scientists at Dynam.AI data help customers implement state-of-the-art artificial intelligence solutions to solve complex problems in the real world. Our experts enable clients with multidisciplinary science-based methodologies that provide superior results with a fast and reliable implementation approach. Since its inception, we have provided 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.
The statements made in this Communication, which are not findings of historical or current facts, are “forward-looking statements” within the meaning of the Private Securities Reform Act of 1995. We warn readers that forward-looking statements are forecasts based on our current expectations about future events. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, results 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 heading “Point 1A. Risk Factors “in Part I of our most recent annual report on Form 10-K or any updates discussed under the heading” Item 1A. Risk Factors “in Part II of our quarterly reports on Form 10-Q and in our other SEC documents. We do not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, occurred after that date, unless required by law.
Investor Contact: Stuart Cantor, Chief Financial Officer, Ondas Holdings Inc. 888.350.9994 Ext. 1009
Source: Ondas Holdings Inc.