Ondas Completes Strategic Acquisition of American Robotics
Summary
The combination of the two companies will enable Ondas Networks and American Robotics to provide users in rail, agriculture, utilities and critical infrastructure markets with improved connectivity and data collection capabilities. In April 2021, Ondas advanced American Robotics a $2 million loan in order to begin scaling their customer support and sales organization, leveraging their recent first-of-a-kind FAA approval for automated drones. On July 8, 2021, Stockpile Reports, a data solutions provider to the bulk materials industry serving over 300 companies in 48 countries, selected the Scout System™ to build out its automated drone program. AR’s Scout System™ is a highly automated, AI-powered drone system capable of continuous, remote operation and is marketed as a “drone-in-a-box” turnkey data solution service under a Robot-as-a-Service (RAAS) business model. AR was founded by leading roboticists from Carnegie Mellon and Stanford with a shared vision for bringing robotic technology out of the lab and into the real-world to solve global challenges.