Mentioned:
One of the most exciting drone companies in Europe has just landed a new strategic investment from a publicly listed company on the Nasdaq.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has made a strategic investment into European defense company Rift Dynamics
Why it matters:
- The new deal will give Ondas Holdings exclusive distribution rights in the United States of Rift Dynamics’ Wasp combat drone which has advanced artificial intelligence technology and swarm control capabilities for combat
Going deeper:
- Rift Dynamics has already struck multiple military deals for their Wasp combat drones in Europe, including a notable contract from the Norwegian army
- Ondas Holdings has been making a focused push to expand into Europe lately, including just recently successfully completing a government led pilot program for European defense agencies to leverage their counter drone system Iron Drone Raider
