Mentioned:
The future of security might be happening from the sky. And a publicly traded company wants to be a first mover.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) subsidiary Airobotics announced they have been awarded a new deal from an undisclosed semiconductor company to leverage their fleet of drones for aerial security purposes
Why it matters:
- Drones have come into focus in the public markets of late, following multiple notable new partnerships including Red Cat Holdings (NASDAQ: RCAT) and Palantir (NASDAQ: PLTR) collaborating on new software for combat drones and Donald Trump Jr becoming an official advisor to Unusual Machines (NASDAQ: UMAC)
By the numbers:
- Airobotics drones are built for constant operations and are even capable of performing automated battery changes that allow them to function 24/7
- Airobotics drones can cover 30 square miles of distance from their main airbase and docking stations
Going deeper:
- Drone technology has been showing meaningful promise for both security as well as first response for emergencies, with Safe Pro Group (NASDAQ: SPAI) notably using their drones to rapidly respond to dangerous situations as part of a ongoing pilot project with a Florida based police force
