NOC - Wireless connectivity solutions provider Ondas files for a $25M IPO

Radio network provider, Ondas (ONDS) to raise up to $25M in IPO on the Nasdaq.Net proceeds will be used to continue research and development of future configurations of our FullMAX platform, to build product inventory to support expected increased levels of customer sales activity, repay ~$5M of principal and accrued interests under the Steward Capital Loan and Security Agreement due September 9, 2021 and for other general corporate purposes.Ondas founded in 2006, designs, develops, manufactures, sells and supports FullMAX, the company's patented, Software Defined Radio ((SDR)) platform for secure, licensed, private, wide-area broadband networks. Ondas' customers install FullMAX systems in order to upgrade and expand their legacy wide-area network ((WAN)) infrastructure. The company's MC-IoT intellectual property has been adopted by the Institute of Electrical and Electronics Engineers (IEEE), the leading worldwide standards body in data networking protocols, and forms the core of the IEEE 802.16s standard.The company's major competitors are: Harris

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Wireless connectivity solutions provider Ondas files for a $25M IPO