ONDS - Ondas' Airobotics secures service agreement with local government entity in UAE

2023-07-07 09:32:32 ET

• Ondas Holdings ( NASDAQ: ONDS ) said on Friday that its wholly-owned subsidiary Airobotics has signed an annual service pact for the ongoing maintenance of the Optimus Systems purchased and operated by a local government entity in Dubai, United Arab Emirates.
• The pact was signed following the successful implementation of the Optimus Systems fleet as part of an urban drone infrastructure solution for public safety and emergency response applications in the city of Dubai.
• The agreement covers continuous maintenance services as well as the creation of new communication features that will be integrated into the fleet of Optimus Urban Drone Infrastructure drones that have been installed throughout Dubai.
• The company believes that the Optimus Urban Drone Infrastructure will be widely deployed across the city of Dubai and has the potential to grow to more than 20 systems over the next several years.
• Shares of ONDS were up 3.80% in premarket on Friday.

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